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REGISTERED NUMBER: 10779063 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

LEVERTECH PROPERTY SERVICES LIMITED

LEVERTECH PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 10779063)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


LEVERTECH PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 10779063)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 600,000 500,000

CURRENT ASSETS
Debtors 5 85,341 68,426
Cash at bank 4,102 6,223
89,443 74,649
CREDITORS
Amounts falling due within one year 6 291,851 274,910
NET CURRENT LIABILITIES (202,408 ) (200,261 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

397,592

299,739

CREDITORS
Amounts falling due after more than one year 7 (218,091 ) (233,207 )

PROVISIONS FOR LIABILITIES (7,087 ) (7,087 )
NET ASSETS 172,414 59,445

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 130,215 30,215
Retained earnings 42,099 29,130
172,414 59,445

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 director acknowledges his 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.

LEVERTECH PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 10779063)

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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 January 2024 and were signed by:





S Lever - Director


LEVERTECH PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 10779063)

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


1. STATUTORY INFORMATION

Levertech Property Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10779063

Registered office: Unit 11 Century Park
Caspian Road
Broadheath
Altrincham
Cheshire
WA14 5HH

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred taxation is provided on 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 Profit and Loss Account, 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 ) .

LEVERTECH PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 10779063)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 500,000
Additions 100,000
At 31 March 2023 600,000
NET BOOK VALUE
At 31 March 2023 600,000
At 31 March 2022 500,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2021 500,000
Valuation in 2023 100,000
600,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 54,621 52,696
Amounts owed by associates - 3,075
Other debtors 30,720 12,655
85,341 68,426

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 16,040 15,523
Amounts owed to group undertakings 264,632 256,142
Amounts owed to associates 25 -
Taxation and social security 1,494 1,162
Other creditors 9,660 2,083
291,851 274,910

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 218,091 233,207

LEVERTECH PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 10779063)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 148,052 165,424

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 234,131 248,730

The bank loan is secured by a fixed charge over the company's investment properties.

9. RESERVES
Fair
value
reserve
£   
At 1 April 2022 30,215
Uplift in investment property 100,000

At 31 March 2023 130,215