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REGISTERED NUMBER: 12923056 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

LETO INVESTMENT MANAGEMENT LIMITED

LETO INVESTMENT MANAGEMENT LIMITED (REGISTERED NUMBER: 12923056)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LETO INVESTMENT MANAGEMENT LIMITED

Company Information
for the year ended 31 December 2023







Directors: M D Elstrop
S J Metcalfe





Registered office: Castlefields House
Castlefields
Calne
Wiltshire
SN11 0EA





Registered number: 12923056 (England and Wales)





Accountants: Cooper Parry Advisory Limited
3 Danebrook Court
Langford Lane
Kidlington
Oxfordshire
OX5 1LQ

LETO INVESTMENT MANAGEMENT LIMITED (REGISTERED NUMBER: 12923056)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £ £ £ £
Fixed assets
Tangible assets 4 592 1,110
Investments 5 430,220 -
430,812 1,110

Current assets
Debtors 6 150,106 173,845
Cash at bank 29,771 408,878
179,877 582,723
Creditors
Amounts falling due within one year 7 110,937 112,541
Net current assets 68,940 470,182
Total assets less current liabilities 499,752 471,292

Provisions for liabilities 4,918 211
Net assets 494,834 471,081

Capital and reserves
Called up share capital 1 1
Fair value reserve 8 14,309 -
Retained earnings 480,524 471,080
494,834 471,081

LETO INVESTMENT MANAGEMENT LIMITED (REGISTERED NUMBER: 12923056)

Balance Sheet - continued
31 December 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 23 April 2024 and were signed on its behalf by:





M D Elstrop - Director


LETO INVESTMENT MANAGEMENT LIMITED (REGISTERED NUMBER: 12923056)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Leto Investment Management 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. Employees and directors

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

LETO INVESTMENT MANAGEMENT LIMITED (REGISTERED NUMBER: 12923056)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 January 2023
and 31 December 2023 2,145
Depreciation
At 1 January 2023 1,035
Charge for year 518
At 31 December 2023 1,553
Net book value
At 31 December 2023 592
At 31 December 2022 1,110

5. Fixed asset investments
Other
investments
£
Cost or valuation
Additions 411,141
Revaluations 19,079
At 31 December 2023 430,220
Net book value
At 31 December 2023 430,220

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£
Valuation in 2023 19,079
Cost 411,141
430,220

6. Debtors: amounts falling due within one year
31/12/23 31/12/22
£ £
Trade debtors 143,929 163,139
Other debtors 6,177 10,706
150,106 173,845

LETO INVESTMENT MANAGEMENT LIMITED (REGISTERED NUMBER: 12923056)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


7. Creditors: amounts falling due within one year
31/12/23 31/12/22
£ £
Trade creditors 7,975 -
Taxation and social security 87,753 93,059
Other creditors 15,209 19,482
110,937 112,541

8. Reserves
Fair value
reserve
£
Reserve transfer 14,309

At 31 December 2023 14,309