Year‑on‑Year Gain
+£71,647
across the seven complete months
Leased property sales for the full calendar year. Revenue is recognised on the guest check‑in date, so months still ahead of us understate — they fill in as bookings arrive.
2026 opened strongly — Jan–Mar earned revenue where 2025 had none — and May came in well above last year. The dip sits in the second half, which is still checking in.
Comparing only the months fully invoiced in both years — January through July, now complete. On a genuine like‑for‑like basis, this line is ahead of 2025.
The full‑year figure reads down only because Aug–Dec 2026 haven't checked in yet. Strip those incomplete months out and the line is running well above last year through the season so far.
Q1 and Q2 are complete and comparable. Q3 is part‑invoiced — only July has fully checked in — and Q4 has barely begun, so both read artificially low and will climb as bookings arrive.
| Quarter | 2025 | 2026 | Variance |
|---|---|---|---|
| Q1 Jan–Mar · complete | £0 | £60,591 | +£60,591 |
| Q2 Apr–Jun · complete | £101,825 | £120,638 | +£18,813 |
| Q3 Jul–Sep · part‑invoicedFilling | £120,213 | £76,164 | −£44,049 |
| Q4 Oct–Dec · barely startedFilling | £89,014 | £14,065 | −£74,949 |
| Full Year | £311,052 | £271,459 | −£39,593 |
Reading the numbers. Revenue lands on the Xero invoice date, which equals the guest check‑in date. Any month not yet fully checked‑in is understated and rises week to week — Q3 and Q4 2026 are incomplete, which is why they read below 2025 despite a strong first half. The genuine like‑for‑like comparison is the year‑to‑date view above. Through July, leased property is +47.6% year‑on‑year.