Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-31truefalse52022-09-015trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 3099298 2022-09-01 2023-08-31 3099298 2021-09-01 2022-08-31 3099298 2023-08-31 3099298 2022-08-31 3099298 c:Director1 2022-09-01 2023-08-31 3099298 d:FurnitureFittings 2022-09-01 2023-08-31 3099298 d:FurnitureFittings 2023-08-31 3099298 d:FurnitureFittings 2022-08-31 3099298 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 3099298 d:OfficeEquipment 2022-09-01 2023-08-31 3099298 d:OfficeEquipment 2023-08-31 3099298 d:OfficeEquipment 2022-08-31 3099298 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 3099298 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 3099298 d:CurrentFinancialInstruments 2023-08-31 3099298 d:CurrentFinancialInstruments 2022-08-31 3099298 d:Non-currentFinancialInstruments 2023-08-31 3099298 d:Non-currentFinancialInstruments 2022-08-31 3099298 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 3099298 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 3099298 d:ShareCapital 2023-08-31 3099298 d:ShareCapital 2022-08-31 3099298 d:SharePremium 2023-08-31 3099298 d:SharePremium 2022-08-31 3099298 d:RetainedEarningsAccumulatedLosses 2023-08-31 3099298 d:RetainedEarningsAccumulatedLosses 2022-08-31 3099298 c:OrdinaryShareClass1 2022-09-01 2023-08-31 3099298 c:OrdinaryShareClass1 2023-08-31 3099298 c:OrdinaryShareClass1 2022-08-31 3099298 c:OrdinaryShareClass2 2022-09-01 2023-08-31 3099298 c:OrdinaryShareClass2 2023-08-31 3099298 c:OrdinaryShareClass2 2022-08-31 3099298 c:OrdinaryShareClass3 2022-09-01 2023-08-31 3099298 c:OrdinaryShareClass3 2023-08-31 3099298 c:OrdinaryShareClass3 2022-08-31 3099298 c:FRS102 2022-09-01 2023-08-31 3099298 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 3099298 c:FullAccounts 2022-09-01 2023-08-31 3099298 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 3099298 d:Subsidiary1 2022-09-01 2023-08-31 3099298 d:Subsidiary1 1 2022-09-01 2023-08-31 3099298 d:Subsidiary2 2022-09-01 2023-08-31 3099298 d:Subsidiary2 1 2022-09-01 2023-08-31 3099298 d:Subsidiary3 2022-09-01 2023-08-31 3099298 d:Subsidiary3 1 2022-09-01 2023-08-31 3099298 d:Subsidiary4 2022-09-01 2023-08-31 3099298 d:Subsidiary4 1 2022-09-01 2023-08-31 3099298 d:Subsidiary5 2022-09-01 2023-08-31 3099298 d:Subsidiary5 1 2022-09-01 2023-08-31 3099298 d:Subsidiary6 2022-09-01 2023-08-31 3099298 d:Subsidiary6 1 2022-09-01 2023-08-31 3099298 d:Subsidiary7 2022-09-01 2023-08-31 3099298 d:Subsidiary7 1 2022-09-01 2023-08-31 3099298 2 2022-09-01 2023-08-31 3099298 6 2022-09-01 2023-08-31 3099298 d:Associate1 2022-09-01 2023-08-31 3099298 d:Associate1 1 2022-09-01 2023-08-31 3099298 e:PoundSterling 2022-09-01 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 3099298









LEEN HOLDINGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
LEEN HOLDINGS LIMITED
REGISTERED NUMBER: 3099298

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,069
3,424

Investments
 5 
210,015
210,015

  
217,084
213,439

Current assets
  

Debtors: amounts falling due after more than one year
 6 
25,712
25,712

Debtors: amounts falling due within one year
 6 
3,878,836
3,875,110

Bank & cash balances
  
858,169
795,263

  
4,762,717
4,696,085

Creditors: amounts falling due within one year
 7 
(586,608)
(609,210)

Net current assets
  
 
 
4,176,109
 
 
4,086,875

  

Net assets
  
4,393,193
4,300,314


Capital and reserves
  

Called up share capital 
 8 
925,170
925,170

Share premium account
  
3,430
3,430

Profit and loss account
  
3,464,593
3,371,714

  
4,393,193
4,300,314


Page 1

 
LEEN HOLDINGS LIMITED
REGISTERED NUMBER: 3099298

BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 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 income and retained earnings 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 by: 



D E Button
Director

Date: 12 February 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
LEEN HOLDINGS LIMITED
 

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

1.


General information

Leen Holdings Limited is a private company, limited by shares, and incorporated in England and Wales. The address of its registered office is Tennyson House, Cambridge Business Park, Cambridge, CB4 0WZ.
The functional and presentational currency of the company is pound sterling (£) being the currency of the primary economic environment in which the company operates. These financial statements are rounded to the nearest pound.

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 company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors consider that the resources avaliable to the Company will be sufficient for it to be able to continue as a going concern during the restrictions and once the restrictions are lifted.  
The financial statements do not contain any adjustments that would be required if the Company were not able to continue as a going concern. 

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax and trade discounts. Revenue is recognised when services have been rendered.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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.

Page 3

 
LEEN HOLDINGS LIMITED
 

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

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
15%
reducing balance
Office equipment
-
15%
reducing balance

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.10

Creditors

Short term creditors are measured at the transaction price.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of
Page 4

 
LEEN HOLDINGS LIMITED
 

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

2.Accounting policies (continued)


2.11
Financial instruments (continued)

financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.12

Taxation

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.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).

Page 5

 
LEEN HOLDINGS LIMITED
 

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

4.


Tangible fixed assets





Fixtures & fittings
Office equipment
Total

£
£
£



Cost


At 1 September 2022
4,877
8,271
13,148


Additions
-
4,894
4,894



At 31 August 2023

4,877
13,165
18,042



Depreciation


At 1 September 2022
4,004
5,720
9,724


Charge for the year on owned assets
131
1,118
1,249



At 31 August 2023

4,135
6,838
10,973



Net book value



At 31 August 2023
742
6,327
7,069



At 31 August 2022
873
2,551
3,424

Page 6

 
LEEN HOLDINGS LIMITED
 

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

5.


Fixed asset investments





Investments in subsidiary companies
Investments in associates
Total

£
£
£



Cost


At 1 September 2022
390
929,625
930,015



At 31 August 2023

390
929,625
930,015



Impairment


At 1 September 2022
-
720,000
720,000



At 31 August 2023

-
720,000
720,000



Net book value



At 31 August 2023
390
209,625
210,015



At 31 August 2022
390
209,625
210,015


Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Registered office

Principal activity

Class of shares

Holding

Logan Investments Limited
Same as parent company
Property investment
Ordinary
100%
Logan Homes Limited
Same as parent company
Property development
Ordinary
100%
Logan Developments Limited
Same as parent company
Dormant
Ordinary
100%
Logan Construction Limited
Same as parent company
Dormant
Ordinary
100%
Logan Homes (Wickambrook) Limited [non direct subsidiary]
Same as parent company
Property development
Ordinary
100%
Logan Homes (Braughing) Ltd
Same as parent company
Dormant
Ordinary
100%
Logan Homes (Fulbourn) Ltd
Same as parent company
Dormant
Ordinary
100%

Page 7

 
LEEN HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
Subsidiary undertakings (continued)

The aggregate of the share capital and reserves as at 31 August 2023 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)
£
£

Logan Investments Limited
4,150,093
191,221

Logan Homes Limited
424,632
181,907

Logan Developments Limited (Dormant)
100
-

Logan Construction Limited (Dormant)
1,100
-

Logan Homes (Wickambrook) Limited
100
(113,678)

Logan Homes (Braughing) Ltd (Dormant)
100
-

Logan Homes (Fulbourn) Ltd (Dormant)
100
-


Associate


The following was an associate of the Company:


Name

Registered office

Principal activity

Class of shares

Holding

Emson Property Investments Limited
Tennyson House, Cambridge
Property investment
Ordinary
50%

Page 8

 
LEEN HOLDINGS LIMITED
 

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

6.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
25,712
25,712


2023
2022
£
£

Due within one year

Amounts owed by group undertakings
3,727,661
3,726,999

Other debtors
145,658
142,668

Prepayments and accrued income
5,517
5,443

3,878,836
3,875,110



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
11,056
6,464

Amounts owed to group undertakings
567,202
567,503

Corporation tax
-
27,387

Other taxation and social security
4,070
3,574

Other creditors
4,280
4,282

586,608
609,210



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1 each
100
100
70 (2022 - 70) Ordinary A shares of £1 each
70
70
925,000 (2022 - 925,000) Ordinary B shares of £1 each
925,000
925,000

925,170

925,170



9.


Related party transactions

The company has taken advantage of the exemption afforded by FRS102 not to disclose transactions or balances with other wholly owned members of the group.

Page 9

 
LEEN HOLDINGS LIMITED