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REGISTERED NUMBER: 04695803 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

LEVLA LIMITED

LEVLA LIMITED (REGISTERED NUMBER: 04695803)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


LEVLA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs A Levin
K Levin





SECRETARY: Mrs A Levin





REGISTERED OFFICE: 274 Allerton Road
Mossley Hill
Liverpool
Merseyside
L18 6JP





REGISTERED NUMBER: 04695803 (England and Wales)





ACCOUNTANTS: Mattocks Grindley
18 Mulberry Avenue
Turnstone Park
Widnes
Cheshire
WA8 0WN

LEVLA LIMITED (REGISTERED NUMBER: 04695803)

ABRIDGED BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 590,000 340,000
590,000 340,000

CURRENT ASSETS
Cash at bank 598 1,927

CREDITORS
Amounts falling due within one year 128,340 145,680
NET CURRENT LIABILITIES (127,742 ) (143,753 )
TOTAL ASSETS LESS CURRENT LIABILITIES 462,258 196,247

PROVISIONS FOR LIABILITIES 62,470 -
NET ASSETS 399,788 196,247

CAPITAL AND RESERVES
Called up share capital 700 700
Fair value reserve 6 307,530 120,000
Retained earnings 6 91,558 75,547
SHAREHOLDERS' FUNDS 399,788 196,247

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.

LEVLA LIMITED (REGISTERED NUMBER: 04695803)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 November 2023 and were signed on its behalf by:





K Levin - Director


LEVLA LIMITED (REGISTERED NUMBER: 04695803)

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


1. STATUTORY INFORMATION

Levla 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 the total amounts of rent receivable by the company during the year. Rental income is recognised on a straight line basis over the period of the lease.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investment property
Investment property is carried at fair value. Revaluation surpluses are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

LEVLA LIMITED (REGISTERED NUMBER: 04695803)

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


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 700
DEPRECIATION
At 1 April 2022
and 31 March 2023 700
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 340,000
Revaluations 250,000
At 31 March 2023 590,000
NET BOOK VALUE
At 31 March 2023 590,000
At 31 March 2022 340,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 250,000
Cost 340,000
590,000

The investment property was valued on an open market value basis by the director on 31 March 2023 at £590,000.

LEVLA LIMITED (REGISTERED NUMBER: 04695803)

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


6. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2022 75,547 120,000 195,547
Profit for the year 207,441 207,441
Dividends (3,900 ) (3,900 )
Revaluation during the year (187,530 ) 187,530 -
At 31 March 2023 91,558 307,530 399,088