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REGISTERED NUMBER: 00365924 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 December 2023

for

LEOPOLD & SON LIMITED

LEOPOLD & SON LIMITED (REGISTERED NUMBER: 00365924)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LEOPOLD & SON LIMITED

Company Information
for the year ended 31 December 2023







DIRECTORS: I C Leopold
Dr R M Leopold
P B Leopold





SECRETARY: I C Leopold





REGISTERED OFFICE: c/o MGB Accountants - Suite 22
Trym Lodge, 1 Henbury Road
Westbury-on-Trym
Bristol
BS9 3HQ





REGISTERED NUMBER: 00365924 (England and Wales)





ACCOUNTANTS: Mitchell Glanville (Bristol) Limited
c/o MGB Accountants - Suite 22
Trym Lodge, 1 Henbury Road
Westbury-on-Trym
Bristol
BS9 3HQ

LEOPOLD & SON LIMITED (REGISTERED NUMBER: 00365924)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 705,000 705,000

CURRENT ASSETS
Debtors 5 15,191 14,033
Cash at bank 25,488 25,495
40,679 39,528
CREDITORS
Amounts falling due within one year 6 20,641 21,547
NET CURRENT ASSETS 20,038 17,981
TOTAL ASSETS LESS CURRENT
LIABILITIES

725,038

722,981

PROVISIONS FOR LIABILITIES 49,400 49,400
NET ASSETS 675,638 673,581

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Retained earnings 671,638 669,581
SHAREHOLDERS' FUNDS 675,638 673,581

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2024 and were signed on its behalf by:





I C Leopold - Director


LEOPOLD & SON LIMITED (REGISTERED NUMBER: 00365924)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Leopold & Son Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. INVESTMENT PROPERTY

Investment properties are carried at a valuation determined by the director as at 31 December 2020, to reflect the fair market value at that date.

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2000 127,772
Valuation in 2010 66,079
Valuation in 2017 105,000
Cost 406,149
705,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 15,191 14,033

LEOPOLD & SON LIMITED (REGISTERED NUMBER: 00365924)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 7,519 8,425
Accrued expenses 13,122 13,122
20,641 21,547