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COMPANY REGISTRATION NUMBER: 14501161
Leydon Lettings Ltd
Filleted Unaudited Financial Statements
30 June 2023
Leydon Lettings Ltd
Financial Statements
Period from 23 November 2022 to 30 June 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Leydon Lettings Ltd
Statement of Financial Position
30 June 2023
30 Jun 23
Note
£
Current assets
Debtors
5
57,509
Cash at bank and in hand
91,513
---------
149,022
Creditors: amounts falling due within one year
6
149,462
---------
Net current liabilities
440
----
Total assets less current liabilities
( 440)
----
Net liabilities
( 440)
----
Capital and reserves
Called up share capital
2
Profit and loss account
( 442)
----
Shareholders deficit
( 440)
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 30 June 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 financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 24 April 2024 , and are signed on behalf of the board by:
Mr R Leydon
Director
Company registration number: 14501161
Leydon Lettings Ltd
Notes to the Financial Statements
Period from 23 November 2022 to 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
After making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future for at least one year from the date of the financial information. For these reasons they continue to adopt the going concern basis in preparing the company's financial information.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Short term debtors and creditors are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the period, including the directors amount to 2.
5. Debtors
30 Jun 23
£
Other debtors
57,509
--------
6. Creditors: amounts falling due within one year
30 Jun 23
£
Other creditors
149,462
---------
7. Events after the end of the reporting period
On July 1, 2023, the company completed the acquisition of the trade and assets of Mr & Mrs Leydon T/A Leydon Lettings.
8. Directors' advances, credits and guarantees
At the period end a Director owed the company £49,909. During the period advances of £49,902 were made to the Director. Interest of £7 was charged on the loan at a rate of 2.25%.