Company Registration No. 14123649 (England and Wales)
Levy Property Holdings Ltd
Unaudited accounts
for the period from 23 May 2022 to 31 May 2023
Levy Property Holdings Ltd
Unaudited accounts
Contents
Levy Property Holdings Ltd
Company Information
for the period from 23 May 2022 to 31 May 2023
Directors
Mrs B C Levy
Mr G S Levy
Company Number
14123649 (England and Wales)
Registered Office
Whitfield House, St. Johns Road
Meadowfield Industrial Estate
Durham
DH7 8XL
England
Accountants
Accountants For The Trade (Durham) Ltd
Whitfield House
St Johns Road
Meadowfield Industrial Estate
Durham
DH7 8XL
Levy Property Holdings Ltd
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
82,004
Creditors: amounts falling due within one year
(54,999)
Total assets less current liabilities
5,387,748
Creditors: amounts falling due after more than one year
(2,000,000)
Called up share capital
10,000
Profit and loss account
(16,869)
Shareholders' funds
3,387,748
For the period ending 31 May 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by
Mrs B C Levy
Director
Company Registration No. 14123649
Levy Property Holdings Ltd
Notes to the Accounts
for the period from 23 May 2022 to 31 May 2023
Levy Property Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 14123649. The registered office is Whitfield House, St. Johns Road, Meadowfield Industrial Estate , Durham, DH7 8XL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the period from 23 May 2022 to 31 May 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 23 May 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Levy Property Holdings Ltd
Notes to the Accounts
for the period from 23 May 2022 to 31 May 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
Additions
5,257,500
45,952
8,344
5,311,796
At 31 May 2023
5,257,500
45,952
8,344
5,311,796
Charge for the period
-
5,858
1,113
6,971
At 31 May 2023
-
5,858
1,113
6,971
At 31 May 2023
5,257,500
40,094
7,231
5,304,825
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
Loans from directors
50,353
7
Creditors: amounts falling due after more than one year
2023
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000
Shares issued during the period:
10,000 Ordinary shares of £1 each
10,000
9
Average number of employees
During the period the average number of employees was 2.