REGISTERED NUMBER: |
LEAM Management Ltd. |
Unaudited Financial Statements |
for the Year Ended 30 September 2023 |
REGISTERED NUMBER: |
LEAM Management Ltd. |
Unaudited Financial Statements |
for the Year Ended 30 September 2023 |
LEAM Management Ltd. (Registered number: 12192104) |
Contents of the Financial Statements |
for the Year Ended 30 September 2023 |
Page |
Company information | 1 |
Balance sheet | 2 |
Notes to the financial statements | 4 |
LEAM Management Ltd. |
Company Information |
for the Year Ended 30 September 2023 |
Director: |
Registered office: |
Registered number: |
Accountants: |
Chartered Accountants |
Mynshull House |
78 Churchgate |
Stockport |
Cheshire |
SK1 1YJ |
LEAM Management Ltd. (Registered number: 12192104) |
Balance Sheet |
30 September 2023 |
30.9.23 | 30.9.22 |
Notes | £ | £ |
Fixed assets |
Investments | 4 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 | ( |
) |
Net current assets/(liabilities) | ( |
) |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 7 |
Fair value reserve | 8 |
Retained earnings |
Shareholders' funds |
The director acknowledges his 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. |
LEAM Management Ltd. (Registered number: 12192104) |
Balance Sheet - continued |
30 September 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
LEAM Management Ltd. (Registered number: 12192104) |
Notes to the Financial Statements |
for the Year Ended 30 September 2023 |
1. | Statutory information |
LEAM Management Ltd. is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about LEAM Management Ltd. as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at 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. |
Pension costs and other post-retirement benefits |
The company does not operate a company pension scheme but makes contributions to a personal pension scheme of the director. Contributions payable for the year are charged in the profit and loss account. |
Fixed asset investments |
Fixed asset investments are stated at fair value. Changes in fair value are recognised in profit or loss. |
3. | Employees and directors |
The average number of employees during the year was NIL (2022 - NIL). |
LEAM Management Ltd. (Registered number: 12192104) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2023 |
4. | Fixed asset investments |
Shares in |
group | Listed |
undertakings | investments | Totals |
£ | £ | £ |
Cost or valuation |
At 1 October 2022 | 315,951 |
Valuation changes | 144,914 |
At 30 September 2023 | 460,865 |
Net book value |
At 30 September 2023 | 460,865 |
At 30 September 2022 | 315,951 |
Cost or valuation at 30 September 2023 is represented by: |
Shares in |
group | Listed |
undertakings | investments | Totals |
£ | £ | £ |
Valuation in 2023 | 175,000 | 285,865 | 460,865 |
5. | Debtors: amounts falling due within one year |
30.9.23 | 30.9.22 |
£ | £ |
Directors' current accounts | 50,000 | - |
6. | Creditors: amounts falling due within one year |
30.9.23 | 30.9.22 |
£ | £ |
Accrued expenses |
7. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.23 | 30.9.22 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
LEAM Management Ltd. (Registered number: 12192104) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2023 |
8. | Reserves |
Fair |
value |
reserve |
£ |
Transfer from retained earnings | 2,161 |
At 30 September 2023 |
9. | Director's advances, credits and guarantees |
The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022: |
30.9.23 | 30.9.22 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
The loan attracts interest at a commercial rate and is fully repayable on demand. |