Caseware UK (AP4) 2022.0.179 2022.0.179 falsetrue2022-03-01false66The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02566346 2022-03-01 2023-02-28 02566346 2023-02-28 02566346 2021-03-01 2022-02-28 02566346 2022-02-28 02566346 c:Director1 2022-03-01 2023-02-28 02566346 d:PlantMachinery 2022-03-01 2023-02-28 02566346 d:PlantMachinery 2023-02-28 02566346 d:PlantMachinery 2022-02-28 02566346 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 02566346 d:MotorVehicles 2022-03-01 2023-02-28 02566346 d:MotorVehicles 2023-02-28 02566346 d:MotorVehicles 2022-02-28 02566346 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 02566346 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 02566346 d:FreeholdInvestmentProperty 2023-02-28 02566346 d:FreeholdInvestmentProperty 2022-02-28 02566346 d:CurrentFinancialInstruments 2023-02-28 02566346 d:CurrentFinancialInstruments 2022-02-28 02566346 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 02566346 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 02566346 d:ShareCapital 2023-02-28 02566346 d:ShareCapital 2022-02-28 02566346 d:SharePremium 2023-02-28 02566346 d:SharePremium 2022-02-28 02566346 d:RetainedEarningsAccumulatedLosses 2023-02-28 02566346 d:RetainedEarningsAccumulatedLosses 2022-02-28 02566346 c:OrdinaryShareClass1 2022-03-01 2023-02-28 02566346 c:OrdinaryShareClass1 2023-02-28 02566346 c:OrdinaryShareClass1 2022-02-28 02566346 c:FRS102 2022-03-01 2023-02-28 02566346 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 02566346 c:FullAccounts 2022-03-01 2023-02-28 02566346 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 02566346 2 2022-03-01 2023-02-28 02566346 6 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 02566346













Leveys Holdings Limited

Financial statements
Information for filing with the registrar

28 February 2023




 
Leveys Holdings Limited


Balance sheet
At 28 February 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
22,864
36,132

Investment property
 5 
550,000
550,000

  
572,864
586,132

Current assets
  

Debtors: amounts falling due within one year
 6 
16,651
9,525

Current asset investments
 7 
1,289,419
1,470,582

Bank and cash balances
  
1,182,864
1,008,660

  
2,488,934
2,488,767

Creditors: amounts falling due within one year
 8 
(25,457)
(19,309)

Net current assets
  
 
 
2,463,477
 
 
2,469,458

Total assets less current liabilities
  
3,036,341
3,055,590

  

Net assets
  
3,036,341
3,055,590


Capital and reserves
  

Called up share capital 
 9 
905
905

Share premium account
  
2,244,245
2,244,245

Profit and loss account
  
791,191
810,440

Shareholders' funds
  
3,036,341
3,055,590


1

 
Leveys Holdings Limited

    
Balance sheet (continued)
At 28 February 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 November 2023.




K C Clifford
Director

Company registered number: 02566346
The notes on pages 3 to 6 form part of these financial statements. 

2

 
Leveys Holdings Limited
 
 

Notes to the financial statements
Year ended 28 February 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sandgate House, 102 Quayside, Newcastle upon Tyne, NE1 3DX. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue recognition

Revenue comprises rental income receivable during the year. Rentals recieved under operating leases are charged on a straight line basis over the lease term. Incentives for lessees to enter into lease agreements (such as rent-free periods or capital contributions) are spread evenly over the lease term, even if payments are not made on such basis.                                                                

Interest receivable is recognised on an accruals basis and is not turnover.  

 
2.3

Consolidation

The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3

 
Leveys Holdings Limited
 

 
Notes to the financial statements
Year ended 28 February 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Plant and machinery
-
3-4 years
Motor vehicles
-
4 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss

 
2.7

Valuation of investments

Investments are carried at cost unless in the opinion of the directors this value is permanently impaired, in which case appropriate charge is made to the profit and loss account.

 
2.8

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

 
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

4

 
Leveys Holdings Limited
 
 

Notes to the financial statements
Year ended 28 February 2023

3.


Employee numbers

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 March 2022
8,188
132,417
140,605



At 28 February 2023

8,188
132,417
140,605



Depreciation


At 1 March 2022
7,441
97,032
104,473


Charge for the year
497
12,771
13,268



At 28 February 2023

7,938
109,803
117,741



Net book value



At 28 February 2023
250
22,614
22,864



At 28 February 2022
747
35,385
36,132


5.


Investment property


Investment property

£



Valuation


At 1 March 2022
550,000



At 28 February 2023
550,000

Investment properties shown at their open market value based on the directors' valuation.




5

 
Leveys Holdings Limited
 
 

Notes to the financial statements
Year ended 28 February 2023

6.


Debtors

2023
2022
£
£


Prepayments and accrued income
12,263
4,930

Deferred taxation
4,388
4,595

16,651
9,525



7.


Current asset investments

2023
2022
£
£

Listed investments
1,289,419
1,470,582

1,289,419
1,470,582



8.


Creditors: amounts falling due within one year

2023
2022
£
£

Corporation tax
836
2,174

Other taxation and social security
3,898
4,323

Other creditors
8,050
-

Accruals and deferred income
12,673
12,812

25,457
19,309



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



905 (2022 - 905) Ordinary shares of £1.00 each
905
905


 
6