REGISTERED NUMBER: 04061285 (England and Wales)

LION ASSETS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Ms A A Smith

Mr L O de Souza

REGISTERED OFFICE:

Clay Hill Park

Barnes Green

Brinkworth

CHIPPENHAM

Wiltshire

SN15 5AQ

REGISTERED NUMBER:

04061285 (England and Wales)

ACCOUNTANTS:

Morris Owen

Chartered Accountants

43-45 Devizes Road

SWINDON

Wiltshire

SN1 4BG

BANKERS:

Svenska Handelsbanken AG

40 Queen Square

BRISTOL

BS1 4QP

FIXED ASSETS

Tangible assets

4

5,089

6,655

Investment property

5

2,964,549

3,237,088

2,969,638

3,243,743

CURRENT ASSETS

Debtors

6

40,320

419

Cash at bank

3,876

18,190

44,196

18,609

CREDITORS

Amounts falling due within one year

7

843,087

785,728

NET CURRENT LIABILITIES

(798,891

)

(767,119

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,170,747

2,476,624

CREDITORS

Amounts falling due after more than one year

8

(693,647

)

(1,127,438

)

PROVISIONS FOR LIABILITIES

(87,710

)

(99,546

)

NET ASSETS

1,389,390

1,249,640

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

11

1,389,388

1,249,638

SHAREHOLDERS' FUNDS

1,389,390

1,249,640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th November 2025 and were signed on its behalf by:

Ms A A Smith - Director

1.	STATUTORY INFORMATION

Lion Assets Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04061285

Registered office: Clay Hill Park, Barnes Green, Brinkworth, Chippenham, Wiltshire, SN15 5AQ

The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest pound.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

In preparing these financial statements, the directors have made the following judgements:

- Determine whether leases entered into by the company as a lessee are operating leases or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

- Determine the period of useful economic life and any residual value of all tangible fixed assets order to write off the value of each asset over that period.

- Determine an appropriate provision for bad and doubtful debts by assessing the recoverability of all balances on a balance by balance basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

5% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st February 2024

and 31st January 2025

7,829

DEPRECIATION

At 1st February 2024

1,174

Charge for year

1,566

At 31st January 2025

2,740

NET BOOK VALUE

At 31st January 2025

5,089

At 31st January 2024

6,655

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st February 2024

3,237,088

Additions

4,827

Disposals

(277,366

)

At 31st January 2025

2,964,549

NET BOOK VALUE

At 31st January 2025

2,964,549

At 31st January 2024

3,237,088

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

640

179

Other debtors

39,680

240

40,320

419

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

432,378

112,267

Trade creditors

14,194

10,264

Taxation and social security

116,664

25,908

Other creditors

279,851

637,289

843,087

785,728

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

693,647

1,127,438

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,126,025

1,239,705

The bank loans are secured by way of a fixed charge over the following land/properties:

- Unit 7 and unit 8 and paddock land at Callow Park, Brinkworth, Wiltshire.

- Freehold property known as Pebbledene, Barnes Green, Brinkworth, Wiltshire.

- Land and paddock at Callow Park, Callow Hill, Brinkworth, Wiltshire.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

11.

RESERVES

Included within retained earnings is £546,777 (2024: £560,522) which is undistributable. This amount represents the difference between the fair value at the reporting date and the cost at initial recognition of the investment property, after taking into account any relevant deferred tax liability.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st January 2025 and 31st January 2024:

2025

2024

£

£

Mr L O de Souza and Ms A A Smith

Balance outstanding at start of year

(288,671

)

(288,671

)

Amounts advanced

350,000

-

Amounts repaid

(22,026

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

39,303

(288,671

)