Registered number
13017556
Leo (Bewdley) Limited
Filleted Accounts
31 March 2023
Leo (Bewdley) Limited
Registered number: 13017556
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 244,271 282,521
Current assets
Debtors 4 100 100
Creditors: amounts falling due within one year 5 (1,260) (840)
Net current liabilities (1,160) (740)
Total assets less current liabilities 243,111 281,781
Creditors: amounts falling due after more than one year 6 (94,271) (82,521)
Net assets 148,840 199,260
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 150,000 200,000
Profit and loss account (1,260) (840)
Shareholders' funds 148,840 199,260
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Samuel Beilin
Director
Approved by the board on 2 April 2024
Leo (Bewdley) Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2022 282,521
Additions 11,750
Disposals (50,000)
At 31 March 2023 244,271
Depreciation
At 31 March 2023 -
Net book value
At 31 March 2023 244,271
At 31 March 2022 282,521
4 Debtors 2023 2022
£ £
Directors current account 100 100
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,260 840
6 Creditors: amounts falling due after one year 2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 82,521 82,521
Other creditors 11,750 -
94,271 82,521
7 Revaluation reserve 2023 2022
£ £
At 1 April 2022 200,000 200,000
Loss on revaluation of land and buildings (50,000) -
At 31 March 2023 150,000 200,000
8 Other information
Leo (Bewdley) Limited is a private company limited by shares and incorporated in England. Its registered office is:
C/O Stuart McBain Ltd
Unit 14 Century Building
Tower Street
L3 4BJ
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