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REGISTERED NUMBER: 07294542 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Levington Developments Ltd

Levington Developments Ltd (Registered number: 07294542)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Levington Developments Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: J D Harley
Mrs C Harley





SECRETARY: Mrs C Harley





REGISTERED OFFICE: Levington House
Castle Levington
Yarm
Cleveland
TS15 9PB





REGISTERED NUMBER: 07294542 (England and Wales)





ACCOUNTANT: George Charlton
Accountant & Business Adviser
11 Stoneleigh Court
Woodham
Newton Aycliffe
Co. Durham
DL5 4TL

Levington Developments Ltd (Registered number: 07294542)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,358 56,575
Investment property 5 345,000 230,000
391,358 286,575

CURRENT ASSETS
Stocks 39,188 39,188
Debtors 6 171,694 142,386
Cash at bank 12,104 14,549
222,986 196,123
CREDITORS
Amounts falling due within one year 7 197,966 182,034
NET CURRENT ASSETS 25,020 14,089
TOTAL ASSETS LESS CURRENT
LIABILITIES

416,378

300,664

PROVISIONS FOR LIABILITIES 35,484 12,686
NET ASSETS 380,894 287,978

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 380,892 287,976
SHAREHOLDERS' FUNDS 380,894 287,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Levington Developments Ltd (Registered number: 07294542)

Balance Sheet - continued
30 June 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





Mrs C Harley - Director


Levington Developments Ltd (Registered number: 07294542)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Levington Developments Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Levington Developments Ltd (Registered number: 07294542)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 57,022 8,316 65,338
DEPRECIATION
At 1 July 2022 7,100 1,663 8,763
Charge for year 8,554 1,663 10,217
At 30 June 2023 15,654 3,326 18,980
NET BOOK VALUE
At 30 June 2023 41,368 4,990 46,358
At 30 June 2022 49,922 6,653 56,575

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 230,000
Revaluations 115,000
At 30 June 2023 345,000
NET BOOK VALUE
At 30 June 2023 345,000
At 30 June 2022 230,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2018 230,000
Valuation in 2023 115,000
345,000

If Investment property had not been revalued they would have been included at the following historical cost:

30.6.23 30.6.22
£    £   
Cost 163,231 163,231

Investment property was valued on an open market basis on 30 June 2023 by the director. .

Levington Developments Ltd (Registered number: 07294542)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 171,694 142,386

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 8,000 -
Taxation and social security 9,311 7,044
Other creditors 180,655 174,990
197,966 182,034