Registered number
01073507
LEAKCLIFF PROPERTIES LTD
Filleted Accounts
31 May 2023
LEAKCLIFF PROPERTIES LTD
Registered number: 01073507
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Current assets
Stocks 400,000 400,000
Debtors 4 307,794 307,794
Cash at bank and in hand 209 209
708,003 708,003
Creditors: amounts falling due within one year 5 (174,413) (174,413)
Net current assets 533,590 533,590
Total assets less current liabilities 533,590 533,590
Creditors: amounts falling due after more than one year 6 (30,674,628) (30,674,628)
Net liabilities (30,141,038) (30,141,038)
Capital and reserves
Called up share capital 2 2
Profit and loss account (30,141,040) (30,141,040)
Shareholders' funds (30,141,038) (30,141,038)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 480 of the Companies Act 2006 relating to Dormant Companies.
The members have not required the company to obtain an audit.
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.
A R Pulver
Director
Approved by the board on 13 November 2023
LEAKCLIFF PROPERTIES LTD
Notes to the Accounts
for the year ended 31 May 2023
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).
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Office equipment
£
Cost
At 1 June 2022 4,135
At 31 May 2023 4,135
Depreciation
At 1 June 2022 4,135
At 31 May 2023 4,135
Net book value
At 31 May 2023 -
4 Debtors 2023 2022
£ £
Other debtors 307,794 307,794
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 174,413 174,413
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 30,674,628 30,674,628
7 Related party transactions
Other creditors falling due after one year include the following amounts due to the following directors:-
A R and L M Pulver (2022 and 2023) £30,323,528
D Caplan (2022 and 2023) £150,000.
There are no fixed terms as to interest or repayment of these amounts.
8 Controlling party
The company is a wholly-owned subsidiary of Greater London Securities Ltd, a company incorporated in England, and its registered office is Crown House, 44 Bellmount Wood Avenue, Watford WD17 3BW
9 Other information
LEAKCLIFF PROPERTIES LTD is a private company limited by shares and incorporated in England. Its registered office is:
Crown House
44 Bellmount Wood Avenue
Watford
WD17 3BW
LEAKCLIFF PROPERTIES LTD 01073507 true 2022-06-01 2023-05-31 2023-05-31 VT Final Accounts October 2023 release 2 A R Pulver No description of principal activity 01073507 2021-06-01 2022-05-31 01073507 core:WithinOneYear 2022-05-31 01073507 core:AfterOneYear 2022-05-31 01073507 core:ShareCapital 2022-05-31 01073507 core:RetainedEarningsAccumulatedLosses 2022-05-31 01073507 2022-06-01 2023-05-31 01073507 bus:EntityNoLongerTradingButTradedInPast 2022-06-01 2023-05-31 01073507 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 01073507 bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 01073507 bus:Director40 2022-06-01 2023-05-31 01073507 1 2022-06-01 2023-05-31 01073507 2 2022-06-01 2023-05-31 01073507 countries:England 2022-06-01 2023-05-31 01073507 bus:FRS102 2022-06-01 2023-05-31 01073507 bus:FullAccounts 2022-06-01 2023-05-31 01073507 2023-05-31 01073507 core:WithinOneYear 2023-05-31 01073507 core:AfterOneYear 2023-05-31 01073507 core:ShareCapital 2023-05-31 01073507 core:RetainedEarningsAccumulatedLosses 2023-05-31 01073507 core:PlantMachinery 2023-05-31 01073507 2022-05-31 01073507 core:PlantMachinery 2022-05-31 iso4217:GBP xbrli:pure