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REGISTERED NUMBER: 07170012















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

LEEMAN AND SONS LIMITED

LEEMAN AND SONS LIMITED (REGISTERED NUMBER: 07170012)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


LEEMAN AND SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: R B Leeman
L B Leeman





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





REGISTERED NUMBER: 07170012





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

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LEEMAN AND SONS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Leeman and Sons Limited for the year ended 28 February 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Leeman and Sons Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Leeman and Sons Limited and state those matters that we have agreed to state to the Board of Directors of Leeman and Sons Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Leeman and Sons Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Leeman and Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Leeman and Sons Limited. You consider that Leeman and Sons Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Leeman and Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Carley Partnership
St James's House
8 Overcliffe
Gravesend
Kent
DA11 0HJ


27 November 2023

LEEMAN AND SONS LIMITED (REGISTERED NUMBER: 07170012)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,119,621 1,577,087
Investment property 5 4,575,000 2,667,700
6,694,621 4,244,787

CURRENT ASSETS
Debtors 6 768,891 494,883
Cash at bank 169,004 1,101,233
937,895 1,596,116
CREDITORS
Amounts falling due within one year 7 1,133,380 1,615,009
NET CURRENT LIABILITIES (195,485 ) (18,893 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,499,136

4,225,894

CREDITORS
Amounts falling due after more than one
year

8

(1,180,669

)

(1,280,669

)

PROVISIONS FOR LIABILITIES (956,126 ) (361,741 )
NET ASSETS 4,362,341 2,583,484

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 764,869 320,797
Fair value reserves 2,459,195 1,195,281
Retained earnings 1,138,177 1,067,306
SHAREHOLDERS' FUNDS 4,362,341 2,583,484

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

LEEMAN AND SONS LIMITED (REGISTERED NUMBER: 07170012)

BALANCE SHEET - continued
28 FEBRUARY 2023


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


LEEMAN AND SONS LIMITED (REGISTERED NUMBER: 07170012)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Leeman and Sons Limited is a private company, limited by shares , registered in Not specified/Other. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance and 15% on reducing balance

Investment property
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 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.

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 have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Grant income is recognised using the accrual model in the period in which it becomes receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

LEEMAN AND SONS LIMITED (REGISTERED NUMBER: 07170012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 March 2022 837,133 1,150,984 1,988,117
Additions - 70,000 70,000
Revaluations 592,700 - 592,700
At 28 February 2023 1,429,833 1,220,984 2,650,817
DEPRECIATION
At 1 March 2022 - 411,030 411,030
Charge for year - 120,166 120,166
At 28 February 2023 - 531,196 531,196
NET BOOK VALUE
At 28 February 2023 1,429,833 689,788 2,119,621
At 28 February 2022 837,133 739,954 1,577,087

Cost or valuation at 28 February 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2018 52,300 - 52,300
Valuation in 2023 592,700 - 592,700
Cost 784,833 1,220,984 2,005,817
1,429,833 1,220,984 2,650,817

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 2,667,700
Fair value adjustments 1,907,300
At 28 February 2023 4,575,000
NET BOOK VALUE
At 28 February 2023 4,575,000
At 28 February 2022 2,667,700

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

LEEMAN AND SONS LIMITED (REGISTERED NUMBER: 07170012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 697,560 465,595
Other debtors 71,331 29,288
768,891 494,883

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 804,665 1,502,961
Taxation and social security 6,872 2,987
Other creditors 321,843 109,061
1,133,380 1,615,009

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 1,180,669 1,280,669

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Benfleet Scrap 1,430,669 1,380,669

The loan is secured by a legal mortgage over the freehold property of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
60 Ordinary A £1 20 20
20 Ordinary B £1 20 20
20 Ordinary C £1 60 60
100 100