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Company registration number: 11822301







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


LEATHERHEAD RED UK LIMITED






































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LEATHERHEAD RED UK LIMITED
 


 
COMPANY INFORMATION


Directors
R Weissman 
S Levine 
B Alexander 
S Paine 




Registered number
11822301



Registered office
Lynton House
7-12 Tavistock Square

London

WC1H 9LT




Independent auditors
Menzies LLP
Chartered Accountants & Statutory Auditor

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


LEATHERHEAD RED UK LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 4


 


LEATHERHEAD RED UK LIMITED
REGISTERED NUMBER:11822301



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
41,624
-

  
41,624
-

Current assets
  

Debtors: amounts falling due within one year
 5 
4,365
1,300

Cash at bank and in hand
 6 
1,752
2,985

  
6,117
4,285

Creditors: amounts falling due within one year
 7 
(106,098)
(14,749)

Net current liabilities
  
 
 
(99,981)
 
 
(10,464)

Total assets less current liabilities
  
(58,357)
(10,464)

  

Net liabilities
  
(58,357)
(10,464)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(58,457)
(10,564)

  
(58,357)
(10,464)


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: 




................................................
S Levine
Director

Date: 4 April 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 


LEATHERHEAD RED UK LIMITED
 


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

1.


General information

Leatherhead Red UK Limited  is a private company, limited by shares, incorporated in England in Wales under the Companies Act 2006. The address of the registered office is disclosed on the company information page and the principal place of business is 251 Pentonville Road, London N1 9NG.

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.

 
2.2

Going concern

The company has full support from its parent company, The Learning Experience Corporation, to enable the company to meet its liabilities as they full due.
The Learning Experience Corporation has indicated its intention to provide funding support without restriction for a period of at least 12 months from the approval of these financial statements. The Directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the approval of the financial statements and therefore have prepared the financial statements on a going concern basis.

 
2.3

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight line
Fixtures and fittings
-
20%
straight line

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.

Assets are not depreciated until they are available for use.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - NIL).

Page 2

 


LEATHERHEAD RED UK LIMITED
 


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

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 January 2023
-
-
-


Additions
30,547
11,077
41,624



At 31 December 2023

30,547
11,077
41,624






Net book value



At 31 December 2023
30,547
11,077
41,624



At 31 December 2022
-
-
-


5.


Debtors

2023
2022
£
£


Other debtors
300
1,300

Prepayments and accrued income
4,065
-

4,365
1,300



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,752
2,985

1,752
2,985


Page 3

 


LEATHERHEAD RED UK LIMITED
 


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

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
671
-

Amounts owed to group undertakings
81,857
4,399

Accruals and deferred income
23,570
10,350

106,098
14,749



8.


Parent company

The parent of the smallest group for which consolidated financial statements are drawn up is The Learning Experience Systems UK Limited. The address of their registered office is: Lynton House, 7-12 Tavistock Square, London WC1H 9LT.


9.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 4 April 2024 by Sarah Hallam FCCA (Senior statutory auditor) on behalf of Menzies LLP.

 
Page 4