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REGISTERED NUMBER: 07255988 (England and Wales)












LESLIE FRANKS INVESTMENTS LIMITED

PREVIOUSLY KNOWN AS
LESLIE FRANKS SOLICITORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






LESLIE FRANKS INVESTMENTS LIMITED (REGISTERED NUMBER: 07255988)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


LESLIE FRANKS INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr N J Rosenfeld





REGISTERED OFFICE: Office 441, Building 3, Comer Business &
Innovation Centre, North London Business
Park, Oakleigh Road South
New Southgate
London.
N11 1GN





REGISTERED NUMBER: 07255988 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LESLIE FRANKS INVESTMENTS LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Profit & loss Account and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Leslie Franks Investments Limited for the year ended 31 May 2024 which comprise the Profit & loss account, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Leslie Franks Investments Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Leslie Franks Investments Limited and state those matters that we have agreed to state to the director of Leslie Franks Investments Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Leslie Franks Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Leslie Franks Investments Limited. You consider that Leslie Franks Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Leslie Franks Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE


Date: .............................................

LESLIE FRANKS INVESTMENTS LIMITED (REGISTERED NUMBER: 07255988)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 90,000 180,000
Property, plant and equipment 5 1,499 2,280
91,499 182,280

CURRENT ASSETS
Debtors 6 4,908 13,440
Investments 7 862,029 880,727
Cash at bank and in hand 4,450 26,652
871,387 920,819
CREDITORS
Amounts falling due within one year 8 112,728 153,629
NET CURRENT ASSETS 758,659 767,190
TOTAL ASSETS LESS CURRENT
LIABILITIES

850,158

949,470

PROVISIONS FOR LIABILITIES 9 - 289
NET ASSETS 850,158 949,181

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 11 849,158 948,181
SHAREHOLDERS' FUNDS 850,158 949,181

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LESLIE FRANKS INVESTMENTS LIMITED (REGISTERED NUMBER: 07255988)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2024


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 Profit & loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 August 2024 and were signed by:





Mr N J Rosenfeld - Director


LESLIE FRANKS INVESTMENTS LIMITED (REGISTERED NUMBER: 07255988)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Leslie Franks Investments 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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below:

Provision for bad and doubtful debts
The company reviews its other receivables for evidence of their recoverability. Such evidence includes the debtor's payment record and the overall financial position. If indications of irreconcilability exist, the recoverable amount is estimated and a respective provision for bad and doubtful debts is made. The amount of the provision is charged as an expense. The review of credit risk is continuous and the methodology and assumptions used for estimating the provision are reviewed regularly and adjusted accordingly.

Corporation tax
Significant judgement is required in determining the provision for corporation tax. There are transactions and calculations for which the ultimate tax determination is uncertain during the ordinary course of business. The Company recognises liabilities for anticipated tax issues based on estimates of whether additional taxes will be due. Where the final tax outcome of these matters is different from the amounts that were initially recorded, such differences will impact the corporation tax and deferred tax provisions in the period in which such determination is made.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from fees receivable relating to service contracts is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference the level of service provided at the balance sheet as a percentage of overall level of service agreed to be provided on various contracts.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Intangible assets - goodwill
Goodwill arising on acquisition of business is classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is 10 years. The company establishes a reliable estimate of the useful life of goodwill. This estimate is based on a variety of factors such as the expected use of the acquired business, the expected usual life of the cash inflows to which the goodwill is attributed, any legal, regulatory or contractual provisions that can limit useful life and assumptions that market participants would consider in respect of similar businesses.

LESLIE FRANKS INVESTMENTS LIMITED (REGISTERED NUMBER: 07255988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statement that arise from the inclusion of income and expense in tax assessments in period different form those in which they are recognised in the financial statement. Unrelieved tax losses and other deferred tax are recognised only to the extent that it is probable that they will be recovered against the reversal of the differed tax liability or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

LESLIE FRANKS INVESTMENTS LIMITED (REGISTERED NUMBER: 07255988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 900,000
AMORTISATION
At 1 June 2023 720,000
Amortisation for year 90,000
At 31 May 2024 810,000
NET BOOK VALUE
At 31 May 2024 90,000
At 31 May 2023 180,000

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 6,598 8,665 37,102 52,365
DEPRECIATION
At 1 June 2023 6,598 7,371 36,116 50,085
Charge for year - 289 492 781
At 31 May 2024 6,598 7,660 36,608 50,866
NET BOOK VALUE
At 31 May 2024 - 1,005 494 1,499
At 31 May 2023 - 1,294 986 2,280

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors - 9,833
VAT 570 543
Prepayments 4,338 3,064
4,908 13,440

7. CURRENT ASSET INVESTMENTS
31.5.24 31.5.23
£    £   
Listed investments 862,029 880,727

LESLIE FRANKS INVESTMENTS LIMITED (REGISTERED NUMBER: 07255988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors - 548
Social security and other taxes 402 461
Other creditors - 6,628
Pensions 2,041 2,041
Directors' current accounts 107,835 142,451
Accrued expenses 2,450 1,500
112,728 153,629

9. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax - 289

Deferred
tax
£   
Balance at 1 June 2023 289
Accelerated capital allowances
Balance at 31 May 2024 289

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RESERVES
Retained
earnings
£   

At 1 June 2023 948,181
Deficit for the year (97,902 )
Loss on listed investments (1,121 )
At 31 May 2024 849,158

12. CONTROLLING PARTY

The controlling party is Mr N J Rosenfeld.