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REGISTERED NUMBER: 03454232 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

LEDRA SERVICES LIMITED

LEDRA SERVICES LIMITED (REGISTERED NUMBER: 03454232)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEDRA SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr G S Stavrou
Mr G Makris





REGISTERED OFFICE: 139a Sunnyhill Road
London
SW16 2UW





REGISTERED NUMBER: 03454232 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certifed Accountants
Solar House
282 Chase Road
London
N14 6NZ

LEDRA SERVICES LIMITED (REGISTERED NUMBER: 03454232)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 27,477 36,635
Investment property 6 36,550,301 37,890,206
36,577,778 37,926,841

CURRENT ASSETS
Debtors 7 1,402,422 1,446,832
Cash at bank 5,701,830 3,525,853
7,104,252 4,972,685
CREDITORS
Amounts falling due within one year 8 408,052 632,821
NET CURRENT ASSETS 6,696,200 4,339,864
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,273,978

42,266,705

PROVISIONS FOR LIABILITIES 9 2,471,128 2,590,076
NET ASSETS 40,802,850 39,676,629

CAPITAL AND RESERVES
Called up share capital 10 200 200
Fair value reserve 11 14,913,879 15,744,494
Retained earnings 25,888,771 23,931,935
SHAREHOLDERS' FUNDS 40,802,850 39,676,629

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

LEDRA SERVICES LIMITED (REGISTERED NUMBER: 03454232)

BALANCE SHEET - continued
31 MARCH 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:





Mr G Makris - Director


LEDRA SERVICES LIMITED (REGISTERED NUMBER: 03454232)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Ledra Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts derived from rents receivable during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts, and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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 Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

LEDRA SERVICES LIMITED (REGISTERED NUMBER: 03454232)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 2,000
AMORTISATION
At 1 April 2022
and 31 March 2023 2,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022
and 31 March 2023 788,281
DEPRECIATION
At 1 April 2022 751,646
Charge for year 9,158
At 31 March 2023 760,804
NET BOOK VALUE
At 31 March 2023 27,477
At 31 March 2022 36,635

LEDRA SERVICES LIMITED (REGISTERED NUMBER: 03454232)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 37,890,206
Disposals (390,342 )
Revaluations (949,563 )
At 31 March 2023 36,550,301
NET BOOK VALUE
At 31 March 2023 36,550,301
At 31 March 2022 37,890,206

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2001 3,834,875
Valuation in 2017 7,055,645
Valuation in 2018 6,494,487
Cost 19,165,294
36,550,301

The directors have revalued the investment properties based on the valuations of similar properties in the area as at 31/03/2023.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts due from related party - 1,438,717
Contracted sales 1,391,352 -
Prepayments 11,070 8,115
1,402,422 1,446,832

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 339,917 225,497
Deposit received - 300,000
Amounts owed to related party 35,306 74,495
Accrued expenses 32,829 32,829
408,052 632,821

9. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 2,471,128 2,590,076

LEDRA SERVICES LIMITED (REGISTERED NUMBER: 03454232)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 2,590,076
Provided during year (118,948 )
Balance at 31 March 2023 2,471,128

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary A 1 100 100
100 Ordinary B 1 100 100
200 200

11. RESERVES
Fair
value
reserve
£   
At 1 April 2022 15,744,494
Revaluation (830,615 )

At 31 March 2023 14,913,879