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REGISTERED NUMBER: 00833539 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Leabrook Investments Limited

Leabrook Investments Limited (Registered number: 00833539)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Leabrook Investments Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: K C Gupta





SECRETARY: K C Gupta





REGISTERED OFFICE: Gupta Industrial Estate
West Bromwich Street
Oldbury
West Midlands
B69 3AP





REGISTERED NUMBER: 00833539 (England and Wales)





ACCOUNTANTS: Concept Accountancy Services Ltd
1 Market Square
High Street
Cradley Heath
West Midlands
B64 5HH

Leabrook Investments Limited (Registered number: 00833539)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,047 4,176
Investment property 5 2,400,000 2,400,000
2,404,047 2,404,176

CURRENT ASSETS
Debtors 6 560,401 558,794
Cash at bank 1,479,764 1,354,473
2,040,165 1,913,267
CREDITORS
Amounts falling due within one year 7 43,676 59,855
NET CURRENT ASSETS 1,996,489 1,853,412
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,400,536

4,257,588

PROVISIONS FOR LIABILITIES 8 315,734 315,734
NET ASSETS 4,084,802 3,941,854

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 1,852,038 1,852,038
Retained earnings 2,232,664 2,089,716
SHAREHOLDERS' FUNDS 4,084,802 3,941,854

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Leabrook Investments Limited (Registered number: 00833539)

Balance Sheet - continued
30 November 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 director and authorised for issue on 24 July 2024 and were signed by:





K C Gupta - Director


Leabrook Investments Limited (Registered number: 00833539)

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

1. STATUTORY INFORMATION

Leabrook 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary Amounts in these financial statements are rounded to the nearest £.

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.
Workshop - 2% on cost
Plant and machinery - 15% on reducing balance

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

In accordance with FRSSE (effective January 2015) paragraph 6.50, no depreciation or amortisation is provided in respect of investment property

This treatment may be a departure from the requirements of the Companies Act 2006 concerning depreciation of fixed assets. However, the investment properties are not held for consumption but for investment and the members consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the accounts to give a true and fair view.

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.


Leabrook Investments Limited (Registered number: 00833539)

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

2. ACCOUNTING POLICIES - continued
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.

Financial instruments and equity instruments
The company has elected to apply the provision of section 11 'Basic Financial Instruments' and Section 12 'Other financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Derocognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand.

3. EMPLOYEES AND DIRECTORS

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

Leabrook Investments Limited (Registered number: 00833539)

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

4. TANGIBLE FIXED ASSETS
Plant and
Workshop machinery Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 6,309 3,903 10,212
DEPRECIATION
At 1 December 2022 2,140 3,896 6,036
Charge for year 126 3 129
At 30 November 2023 2,266 3,899 6,165
NET BOOK VALUE
At 30 November 2023 4,043 4 4,047
At 30 November 2022 4,169 7 4,176

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 2,400,000
NET BOOK VALUE
At 30 November 2023 2,400,000
At 30 November 2022 2,400,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 556,835 556,973
Other debtors 3,566 1,821
560,401 558,794

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security 42,764 34,237
Other creditors 912 25,618
43,676 59,855

8. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 315,734 315,734

Leabrook Investments Limited (Registered number: 00833539)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2022 315,734
Balance at 30 November 2023 315,734

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Revaluation
reserve
£   
At 1 December 2022
and 30 November 2023 1,852,038

11. RELATED PARTY DISCLOSURES

During the year, the company charged rent of £Nil (2022: £Nil) to its parent company Spice Hawk Steel Sections Ltd.

Other debtors at 30th November 2023 included £411,835 due from Spice Hawk Steel Sections Ltd (2022: £411,973) and £145,000 due from Willowgrove Ltd (2022: £145,000).

The nature of the transactions are unsecured and interest free loans repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of its parent company, Spice Hawk Steel Sections Ltd. (Company number 01724433).