LEVELPLANE LIMITED

Company Registration Number:
05764956 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

LEVELPLANE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

LEVELPLANE LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Investments: 3 572,000 572,000
Total fixed assets: 572,000 572,000
Current assets
Debtors:   1,289 85
Cash at bank and in hand: 14,940 122,643
Total current assets: 16,229 122,728
Creditors: amounts falling due within one year:   (320,506) (433,760)
Net current assets (liabilities): (304,277) (311,032)
Total assets less current liabilities: 267,723 260,968
Provision for liabilities: (5,661) (5,661)
Total net assets (liabilities): 262,062 255,307
Capital and reserves
Called up share capital: 42 42
Profit and loss account: 262,020 255,265
Shareholders funds: 262,062 255,307

The notes form part of these financial statements

LEVELPLANE LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 December 2023
and signed on behalf of the board by:

Name: R Frost
Status: Director

The notes form part of these financial statements

LEVELPLANE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover represents the value of rent received from the investment properites owned by the company.

Valuation and information policy

Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Other accounting policies

DebtorsShort 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.CreditorsShort 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.TaxationA 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.

LEVELPLANE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

LEVELPLANE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Fixed investments

Other investmentsCostAt 1 April 2022 £572000Depreciation £0At 31 March 2023 £572000Historical costAt 1 April 2022 £527205At 31 March 2023 £527205