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Registration number: 14280025

Levell Property Developments Ltd

Unaudited Filleted Financial Statements

for the Period from 5 August 2022 to 31 August 2023

 

Levell Property Developments Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Levell Property Developments Ltd

Company Information

Directors

Mr Stephen Francis Levell

Mrs Joanne Marie Levell

Mr Dominic Francis Levell

Ms Charlotte Hannah Levell

Registered office

C/O Smith Butler,
Sapper Jordan Rossi Park
Otley Road
Baildon
West Yorkshire
BD17 7AX

Accountants

Smith Butler
Accountants & Business Advisors
Sapper Jordan Rossi Park
Otley Road
Baildon
West Yorkshire
BD17 7AX

 

Levell Property Developments Ltd

(Registration number: 14280025)
Balance Sheet as at 31 August 2023

Note

2023
£

Fixed assets

 

Investment property

4

174,924

Current assets

 

Cash at bank and in hand

 

4,256

Creditors: Amounts falling due within one year

5

(180,300)

Net current liabilities

 

(176,044)

Net liabilities

 

(1,120)

Capital and reserves

 

Called up share capital

6

4

Retained earnings

(1,124)

Shareholders' deficit

 

(1,120)

For the financial period ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 October 2023 and signed on its behalf by:
 

.........................................
Mr Stephen Francis Levell
Director

 

Levell Property Developments Ltd

Notes to the Unaudited Financial Statements for the Period from 5 August 2022 to 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/O Smith Butler,
Sapper Jordan Rossi Park
Otley Road
Baildon
West Yorkshire
BD17 7AX
United Kingdom

These financial statements were authorised for issue by the Board on 13 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Levell Property Developments Ltd

Notes to the Unaudited Financial Statements for the Period from 5 August 2022 to 31 August 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4.

4

Investment properties

2023
£

Additions

174,924

At 31 August

174,924

There has been no valuation of investment property by an independent valuer.

 

Levell Property Developments Ltd

Notes to the Unaudited Financial Statements for the Period from 5 August 2022 to 31 August 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Other creditors

180,300

6

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary A share of £1 each

1

1

Ordinary B share of £1 each

1

1

Ordinary C share of £1 each

1

1

Ordinary D share of £1 each

1

1

 

4

4