Leeds Law Society(The)

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 00005017

		2023		2022
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		2,196,124		2,197,291

			2,196,124		2,197,291
CURRENT ASSETS
Debtors	4	33,444		9,687
Cash at bank and in hand		101,130		133,362

		134,574		143,049
Creditors: Amounts Falling Due Within One Year	5	(49,872 )		(74,138 )

NET CURRENT ASSETS (LIABILITIES)			84,702		68,911

TOTAL ASSETS LESS CURRENT LIABILITIES			2,280,826		2,266,202

PROVISIONS FOR LIABILITIES
Deferred Taxation			(798 )		(997 )

NET ASSETS			2,280,028		2,265,205

RESERVES
Revaluation reserve	6		1,748,780		1,748,780
Capital redemption reserve			5,692		5,692
Income and Expenditure Account			525,556		510,733

MEMBERS' FUNDS			2,280,028		2,265,205

Page 1

Page 2

Leeds Law Society(The)

Balance Sheet (continued)

As At 30 April 2023

For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mr John Cowgill

Director

20/10/2023

The notes on pages 3 to 4 form part of these financial statements.

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

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

1.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	20% Reducing Balance Method
Computer Equipment	20% Reducing Balance Method

2. Average Number of Employees

Average number of employees during the year was: 3 (2022: 3)

3. Tangible Assets

	Investment Properties	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 May 2022	2,191,459	23,629	800	2,215,888

As at 30 April 2023	2,191,459	23,629	800	2,215,888

Depreciation
As at 1 May 2022	-	18,381	216	18,597
Provided during the period	-	1,050	117	1,167

As at 30 April 2023	-	19,431	333	19,764

Net Book Value
As at 30 April 2023	2,191,459	4,198	467	2,196,124

As at 1 May 2022	2,191,459	5,248	584	2,197,291

4. Debtors

	2023	2022
	£	£
Due within one year
Trade debtors	18,902	5,978
Prepayments and accrued income	7,810	3,709
Other debtors	4,900	-
Other taxes and social security	1,832	-

	33,444	9,687

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Leeds Law Society(The)

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2023

5. Creditors: Amounts Falling Due Within One Year

	2023	2022
	£	£
Trade creditors	51	23,941
Corporation tax	608	(4,089 )
Other taxes and social security	-	1,399
VAT	10,275	11,203
Other creditors	1,325	1,325
Pensions	349	383
Accruals and deferred income	37,264	39,976

	49,872	74,138

6. Reserves

	Revaluation Reserve
	£
As at 1 May 2022	1,748,780

As at 30 April 2023	1,748,780

7. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

8. General Information

Leeds Law Society(The) is a private company, limited by guarantee, incorporated in England & Wales, registered number 00005017 . The registered office is 62 Wellington Street, Leeds, LS1 2EE.

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