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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
Page
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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
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Levy Property Holdings Ltd Statement of financial position as at 31 May 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
5,304,825 
Current assets
Debtors
55,918 
Cash at bank and in hand
82,004 
137,922 
Creditors: amounts falling due within one year
(54,999)
Net current assets
82,923 
Total assets less current liabilities
5,387,748 
Creditors: amounts falling due after more than one year
(2,000,000)
Net assets
3,387,748 
Capital and reserves
Called up share capital
10,000 
Share premium
3,394,617 
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
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Levy Property Holdings Ltd Notes to the Accounts for the period from 23 May 2022 to 31 May 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
Nil
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Turnover
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.
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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 
At 23 May 2022
- 
- 
- 
- 
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 
Depreciation
Charge for the period
- 
5,858 
1,113 
6,971 
At 31 May 2023
- 
5,858 
1,113 
6,971 
Net book value
At 31 May 2023
5,257,500 
40,094 
7,231 
5,304,825 
5
Debtors
2023 
£ 
Amounts falling due within one year
Trade debtors
55,918 
6
Creditors: amounts falling due within one year
2023 
£ 
VAT
550 
Trade creditors
4,096 
Loans from directors
50,353 
54,999 
7
Creditors: amounts falling due after more than one year
2023 
£ 
Bank loans
2,000,000 
8
Share capital
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.
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