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REGISTERED NUMBER: 01241164 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2022 TO 28 FEBRUARY 2023

FOR

P W LEEMAN LIMITED

P W LEEMAN LIMITED (REGISTERED NUMBER: 01241164)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2022 TO 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P W LEEMAN LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2022 TO 28 FEBRUARY 2023







DIRECTORS: R B Leeman
A R Leeman
L B Leeman





SECRETARY: R B Leeman





REGISTERED OFFICE: St James's House
8 Overcliffe
Gravesend
Kent
DA11 0HJ





REGISTERED NUMBER: 01241164 (England and Wales)





AUDITORS: The Carley Partnership
Statutory Auditor
St James's House
8 Overcliffe
Gravesend
Kent
DA11 0HJ

P W LEEMAN LIMITED (REGISTERED NUMBER: 01241164)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 3,670,000 3,670,000
3,670,000 3,670,000

CURRENT ASSETS
Debtors 6 12,696 8,373
Cash at bank 663,501 569,450
676,197 577,823
CREDITORS
Amounts falling due within one year 7 52,300 41,603
NET CURRENT ASSETS 623,897 536,220
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,293,897

4,206,220

PROVISIONS FOR LIABILITIES 598,121 111,745
NET ASSETS 3,695,776 4,094,475

CAPITAL AND RESERVES
Called up share capital 8 89,637 89,637
Share premium 92,301 92,301
Fair value reserves 2,530,626 3,016,858
Capital redemption reserve 10,363 10,363
Retained earnings 972,849 885,316
SHAREHOLDERS' FUNDS 3,695,776 4,094,475

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 24 November 2023 and were signed on its behalf by:





R B Leeman - Director


P W LEEMAN LIMITED (REGISTERED NUMBER: 01241164)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2022 TO 28 FEBRUARY 2023


1. STATUTORY INFORMATION

P W Leeman 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 receivable for rent net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

Investment properties
Investment properties are included in the financial statements at fair value. Gains and losses are recognised in the income statement. Deferred taxation is provided on these gains and losses at the rate expected to apply when the properties are sold.

Current and deferred taxation
Taxation for the period 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.

Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the Balance sheet date.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 30,128
Disposals (30,128 )
At 28 February 2023 -
DEPRECIATION
At 1 April 2022 30,128
Eliminated on disposal (30,128 )
At 28 February 2023 -
NET BOOK VALUE
At 28 February 2023 -

P W LEEMAN LIMITED (REGISTERED NUMBER: 01241164)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2022 TO 28 FEBRUARY 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 28 February 2023 3,670,000
NET BOOK VALUE
At 28 February 2023 3,670,000
At 31 March 2022 3,670,000

The investment properties have been measured at fair value which is the open market value of the properties. The fair value adjustment has been taken through to the profit and loss account.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 12,696 8,373

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 83 18
Taxation and social security 25,537 26,815
Other creditors 26,680 14,770
52,300 41,603

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
16,666 Ordinary A £1 16,666 16,666
50,000 Ordinary B £1 50,000 50,000
11,000 Ordinary C £1 11,000 11,000
971 Ordinary D £1 971 971
11,000 Ordinary E £1 11,000 11,000
89,637 89,637

Benfleet Scrap Co Limited acquired 33,333 Ordinary B shares, 9,215 Ordinary C shares and 11,000 Ordinary E shares on 21st November 2022.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Claire Ralph (Senior Statutory Auditor)
for and on behalf of The Carley Partnership

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the parent company Benfleet Scrap Co Limited, whose registered office is the same as P W Leeman Limited.