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Registered number: 10824444
Leadership Focus Limited
Unaudited Financial Statements
For The Year Ended 30 June 2023
LAS Accountants LLP
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 10824444
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,526 17,552
Investments 5 50,000 50,000
75,526 67,552
CURRENT ASSETS
Debtors 6 17,740 594
Cash at bank and in hand 7,988 1,143
25,728 1,737
Creditors: Amounts Falling Due Within One Year 7 (182,654 ) (81,812 )
NET CURRENT ASSETS (LIABILITIES) (156,926 ) (80,075 )
TOTAL ASSETS LESS CURRENT LIABILITIES (81,400 ) (12,523 )
Creditors: Amounts Falling Due After More Than One Year 8 (20,833 ) (29,701 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (5,232 ) (3,335 )
NET LIABILITIES (107,465 ) (45,559 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement (107,565 ) (45,659 )
SHAREHOLDERS' FUNDS (107,465) (45,559)
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For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mrs A Taub
Director
13/03/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Leadership Focus Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10824444 . The registered office is 33 Office 408, Cavendish Square, London, W1G 0PW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities-The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.

The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged their financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 33.33% Reducing Balance
Tangible assets are initially recorded at cost and subsequently stated at cost less accumulated depreciation and impairment losses.
2.5. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.6. 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 statement of financial position date.

Deferred Tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
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2.7. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.

All grants in the income statement are recognised when all conditions for receipt have been complied with.

Government Assistance

The company has received assistance in the form of a government backed loan (including Coronavirus Business Interruption Loan Scheme (CBILS),Coronavirus Large Business Interruption Loan Scheme (CLBILS), Bounce Back Loan Scheme (BBLS) and Future Fund Scheme) of which the outstanding balance as at the year end was £40,833. This is reported within the current and long term liabilities of the balance sheet based on the allocation of payments due within 12 months (£11,132) and greater than 12 months (£29,701).
2.8. Investments
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
2.9. Cash And Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.10. Critical Accounting Judgements and Key Sources of Estimation Uncertainity
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates arerecognised in the period in which the estimates are revised.

The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

Accrued Expenditure

The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 1
1 1
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2022 24,520 5,751 30,271
Additions 9,082 6,822 15,904
As at 30 June 2023 33,602 12,573 46,175
Depreciation
As at 1 July 2022 9,438 3,281 12,719
Provided during the period 4,833 3,097 7,930
As at 30 June 2023 14,271 6,378 20,649
Net Book Value
As at 30 June 2023 19,331 6,195 25,526
As at 1 July 2022 15,082 2,470 17,552
5. Investments
Other
£
Cost
As at 1 July 2022 50,000
As at 30 June 2023 50,000
Provision
As at 1 July 2022 -
As at 30 June 2023 -
Net Book Value
As at 30 June 2023 50,000
As at 1 July 2022 50,000
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 17,700 -
VAT recoverable 40 594
17,740 594
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 10,000 11,132
Other creditors 11,130 11,130
Credit card 9,015 618
Amounts due to participating interests 4,500 4,500
Accruals and deferred income 1,500 2,340
Director's loan account 146,509 52,092
182,654 81,812
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 20,833 29,701
20,833 29,701
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 5,232 3,335
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
The nominal value per share is £1 and there are 100 Ordinary Shares in issue.

11. Related Party Transactions
The Director's loan account balance of Mrs A Taub of £146,509 as at the year end, is a current liability, interest free and repayable on demand.
The Amount due as at the year end of £4,500 to SMCR Focus Limited, a company related via common directorship and control, is a current liability, interest free and repayable on demand.
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