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COMPANY REGISTRATION NUMBER: 08193598
Leaf Property Services Limited
Filleted Unaudited Financial Statements
31 March 2023
Leaf Property Services Limited
Financial Statements
Year ended 31 March 2023
Contents
Page
Officers and professional advisers
1
Statement of financial position and the notes to the financial statements
2
Leaf Property Services Limited
Officers and Professional Advisers
Director
Mr A Bulger
Registered office
135 Cheltenham Rd
Cirencester
Gloucestershire
United Kingdom
GL7 2JF
Accountants
Chalmers HB Ltd
Chartered accountants
20 Chamberlain Street
Wells
Somerset BA5 2PF
Leaf Property Services Limited
Statement of Financial Position
31 March 2023
2023
2022
£
£
£
Fixed assets
819,901
469,818
---------
---------
Current assets
20,420
74,386
Prepayments and accrued income
1,961
3,215
--------
--------
22,381
77,601
Creditors: amounts falling due within one year
39,052
21,704
---------
---------
Net current (liabilities)/assets
( 16,671)
55,897
---------
---------
Total assets less current liabilities
803,230
525,715
Creditors: amounts falling due after more than one year
701,324
468,020
Accruals and deferred income
1,940
1,600
---------
---------
99,966
56,095
---------
---------
Capital and reserves
99,966
56,095
--------
--------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
2. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr A Bulger
39,626
-
( 66,546)
( 26,920)
--------
----
--------
--------
2022
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr A Bulger
9,435
30,191
-
39,626
-------
--------
----
--------
Interest has been paid on the above loan at a rate of 2.5%.
3. Accounting basis and standards
The financial statements have been prepared under the historic cost convention and in accordance with FRS105 The Financial Reporting Standard applicable to the Micro-entities Regime.
4. Investment properties
The micro entities framework does not permit the revaluation of investment properties.
In recent years, repairs to the properties have caused losses and negative net assets. Therefore, the Director wishes to bring to the attention to the readers of these accounts that in July 2019 the investment properties were valued by Lendinvest BTL Limited at £595,000 for mortgage purposes, which the Director considers to be a reasonable valuation.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 3 October 2023 , and are signed on behalf of the board by:
Mr A Bulger
Director
Company registration number: 08193598
The company is a private company limited by shares, registered in England and Wales.