Registered number
08703835
White Leopard Holdings Limited
Filleted Accounts
31 December 2021
White Leopard Holdings Limited
Registered number: 08703835
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Fixed assets
Investments 3 2,037,735 1,978,913
Current assets
Debtors 4 100 1,127
Cash at bank and in hand 90,975 1,387
91,075 2,514
Creditors: amounts falling due within one year 5 (76,203) (174,647)
Net current assets/(liabilities) 14,872 (172,133)
Total assets less current liabilities 2,052,607 1,806,780
Creditors: amounts falling due after more than one year 6 (573,567) (656,900)
Net assets 1,479,040 1,149,880
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,478,940 1,149,780
Shareholders' funds 1,479,040 1,149,880
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A Jessup
Director
Approved by the board on 10 June 2022
White Leopard Holdings Limited
Notes to the Accounts
for the year ended 31 December 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.
Fixed assets and depreciation
All fixed assets are initially recorded at cost.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Computer equipment 25% per annum on net book value
Fixtures and fittings 25% per annum on net book value
The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable.
Leases
Finance Lease
Assets acquired under finance leases are capitalised and the outstanding future lease obligations are shown in creditors. Capitalised leased assets are depreciated over the shorter of the lease term and the estimated useful life of the asset.
Operating Lease
Leases where the lessor retains substantially all the risks and rewards of ownership are classified as operating leases. Operating lease rentals are charged to the profit and loss account on a straight line basis over the period of the lease.
Taxation
The charge for taxation is based on the profit for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes.
Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes which have arisen but not reversed by the balance sheet date, except as otherwise required by FRS 19.
Investments
Investments in subsidiary undertakings, associates and joint ventures are stated at cost less amounts written off.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company - -
3 Investments
2021 2020
£ £
Cygnus Limited 1,929,999 1,871,177
White Leopard Ltd 107,736 107,736
All of the investments are unlisted. Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital (registered companies in England and Wales) are as follows and in May 2021 WLH Ltd bought Martin Carmody shares in Cygnus Ltd to own 100%:
Investments Activities Proportion of ordinary shares held Proportion of voting rights held
Cygnus Limited Digital and Creative Design 100% 100%
White Leopard Ltd Other Services 100% 100%
4 Debtors 2021 2020
£ £
Other debtors 100 1,127
5 Creditors: amounts falling due within one year 2021 2020
£ £
Other creditors 76,203 174,647
6 Creditors: amounts falling due after one year 2021 2020
£ £
Bank loans 116,667 200,000
MB Share purchase by directors 345,000 345,000
Deferred consideration 111,900 111,900
573,567 656,900
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