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REGISTERED NUMBER: 07127355 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

LEVITT UK REAL ESTATE LIMITED

LEVITT UK REAL ESTATE LIMITED (REGISTERED NUMBER: 07127355)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LEVITT UK REAL ESTATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







Directors: Mr J A Reader
Ms E C Price





Secretary: Vistra Cosec Limited





Registered office: First Floor Templeback
10 Temple Back
Bristol
BS1 6FL





Registered number: 07127355 (England and Wales)





Accountants: Vistra Trust Company Limited
First Floor, Templeback
10 Temple back
Bristol
BS1 6FL

LEVITT UK REAL ESTATE LIMITED (REGISTERED NUMBER: 07127355)

BALANCE SHEET
30 JUNE 2023

30/6/23 30/6/22
Notes £    £   
FIXED ASSETS
Investments 4 6,350,501 6,350,501

CURRENT ASSETS
Debtors 5 762,515 941,231
Investments 6 7,734,420 7,781,288
Cash at bank 108,418 385,655
8,605,353 9,108,174
CREDITORS
Amounts falling due within one year 7 (1,005,958 ) (2,079,789 )
NET CURRENT ASSETS 7,599,395 7,028,385
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,949,896

13,378,886

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Capital redemption reserve 1,170,883 1,170,883
Retained earnings 12,774,013 12,203,003
13,949,896 13,378,886

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 4 March 2024 and were signed on its behalf by:





Mr J A Reader - Director


LEVITT UK REAL ESTATE LIMITED (REGISTERED NUMBER: 07127355)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Levitt UK Real Estate 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.

The company’s functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Current assets investments
The investments in securities are recorded at market value. Changes in the values are recorded in the Profit and Loss account.

3. EMPLOYEES AND DIRECTORS

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

LEVITT UK REAL ESTATE LIMITED (REGISTERED NUMBER: 07127355)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. FIXED ASSET INVESTMENTS

30/6/23 30/6/22
£    £   
Shares in group undertakings 501 501
Loans to group undertakings 350,000 350,000
Other investments not loans 6,000,000 6,000,000
6,350,501 6,350,501

Additional information is as follows:
Shares in
group
undertakings
£   
Cost
At 1 July 2022
and 30 June 2023 501
Net book value
At 30 June 2023 501
At 30 June 2022 501

Investments (neither listed nor unlisted) were as follows:
30/6/23 30/6/22
£    £   
Brought forward 6,000,000 6,000,000
Loans to
group
undertakings
£   
At 1 July 2022
and 30 June 2023 350,000

Investments

The investment in group undertakings represents an investment in Levitt Abito Limited of 501 Ordinary shares £1 comprising of 75% of the allotted and issued share capital of the company.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Other debtors 762,515 941,231

6. CURRENT ASSET INVESTMENTS
30/6/23 30/6/22
£    £   
Call deposit - 246,709
Other investments 7,734,420 7,534,579
7,734,420 7,781,288

Current assets investments represent investments to be sold within a year.

LEVITT UK REAL ESTATE LIMITED (REGISTERED NUMBER: 07127355)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade creditors 398 -
Amounts owed to group undertakings 244,824 446,048
Taxation and social security - 123,323
Other creditors 760,736 1,510,418
1,005,958 2,079,789

The amount owed to group undertakings includes three loans. The loan of £104,824 (30/6/2022: £104,824) from Levitt International Building Corporation, £140,000 (30/6/2022: £140,000) from Levitt International Development Corporation and £nil (30/6/2022: £201,224) owed to Levitt International Development Corporation. These amounts are unsecured, interest free and repayable on demand.

Included within other creditors are the amounts of £119,748 (30/6/2022: £119,748) owed to Merlin 2 GP LLP, and £630,000 (30/6/2022: £1,380,000) owed to Merlin 3 GP LLP. These amounts are unsecured, interest free and repayable on demand.