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REGISTERED NUMBER: 08311356 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LEDZET PROPERTIES LIMITED

LEDZET PROPERTIES LIMITED (REGISTERED NUMBER: 08311356)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LEDZET PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J G Lederhose
L D Zetter
Ms C E Knipe





REGISTERED OFFICE: 5-9 Eden Street
Kingston-upon-Thames
Surrey
KT1 1BQ





REGISTERED NUMBER: 08311356 (England and Wales)





ACCOUNTANTS: Collards
Chartered Accountants
5-9 Eden Street
Kingston-upon-Thames
Surrey
KT1 1BQ

LEDZET PROPERTIES LIMITED (REGISTERED NUMBER: 08311356)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,045,000 960,000

CURRENT ASSETS
Debtors 5 9,021 3,217
Cash at bank 15,394 13,405
24,415 16,622
CREDITORS
Amounts falling due within one year 6 686,220 697,696
NET CURRENT LIABILITIES (661,805 ) (681,074 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

383,195

278,926

PROVISIONS FOR LIABILITIES 30,130 13,980
NET ASSETS 353,065 264,946

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 352,065 263,946
SHAREHOLDERS' FUNDS 353,065 264,946

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 July 2024 and were signed on its behalf by:





J G Lederhose - Director


LEDZET PROPERTIES LIMITED (REGISTERED NUMBER: 08311356)

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

1. STATUTORY INFORMATION

Ledzet Properties 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 represents rental income, excluding value added tax.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2023 960,000
Revaluations 85,000
At 31 March 2024 1,045,000
NET BOOK VALUE
At 31 March 2024 1,045,000
At 31 March 2023 960,000

LEDZET PROPERTIES LIMITED (REGISTERED NUMBER: 08311356)

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

4. INVESTMENT PROPERTY - continued

Cost or valuation at 31 March 2024 is represented by:
£   
Valuation in 2018 179,579
Valuation in 2019 (36,000 )
Valuation in 2020 (110,000 )
Valuation in 2021 40,000
Valuation in 2022 55,000
Valuation in 2023 (55,000 )
Valuation in 2024 85,000
Cost 886,421
1,045,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,150 -
Other debtors 3,871 3,217
9,021 3,217

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 4,520 5,186
Other creditors 681,700 692,510
686,220 697,696