1 April 2023 false No description of principal activity Taxfiler 2024.5 SC731875business:PrivateLimitedCompanyLtd2023-04-012024-03-31 SC7318752023-03-31 SC731875business:EntityNoLongerTradingButTradedInPast2023-04-012024-03-31 SC7318752023-04-012024-03-31 SC731875business:AuditExemptWithAccountantsReport2023-04-012024-03-31 SC731875business:FilletedAccounts2023-04-012024-03-31 SC7318752024-03-31 SC731875business:Director12023-04-012024-03-31 SC731875business:Director22023-04-012024-03-31 SC731875business:RegisteredOffice2023-04-012024-03-31 SC7318752023-03-31 SC731875core:AfterOneYear2024-03-31 SC731875core:AfterOneYear2023-03-31 SC731875core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 SC731875core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC731875core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 SC731875core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC731875core:PreviouslyStatedAmount2024-03-31 SC731875core:PreviouslyStatedAmount2023-03-31 SC731875business:SmallEntities2023-04-012024-03-31 SC731875countries:Scotland2023-04-012024-03-31 SC731875core:WithinOneYear2024-03-31 SC731875core:WithinOneYear2023-03-31 SC731875business:OrdinaryShareClass12023-04-012024-03-31 SC731875business:OrdinaryShareClass12022-05-092023-03-31 SC731875business:Director112023-04-012024-03-31 SC731875business:Director112023-03-31 SC731875business:Director112024-03-31 SC731875business:Director222023-04-012024-03-31 SC731875business:Director222023-03-31 SC731875business:Director222024-03-31 SC7318752022-05-092023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC731875 (Scotland)
Leys Holdings Ltd Unaudited accounts for the year ended 31 March 2024
Leys Holdings Ltd Unaudited accounts Contents
Page
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Leys Holdings Ltd Company Information for the year ended 31 March 2024
Directors
M Leys R Leys
Company Number
SC731875 (Scotland)
Registered Office
54 Hallcroft Park Ratho Newbridge Midlothian EH28 8SF
Accountants
Virtus Accounting Limited 20 Churchfields Widnes Cheshire WA8 9RP
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Leys Holdings Ltd for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Leys Holdings Ltd for the year ended 31 March 2024 as set out on pages 5 - 8 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 https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Virtus Accounting Limited Chartered Certified Accountants 20 Churchfields Widnes Cheshire WA8 9RP 15 August 2024
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Leys Holdings Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
2 
2 
Current assets
Debtors
316 
108 
Investments
64,300 
50,000 
Cash at bank and in hand
18 
431 
64,634 
50,539 
Net current assets
64,634 
50,539 
Total assets less current liabilities
64,636 
50,541 
Creditors: amounts falling due after more than one year
(696)
(696)
Net assets
63,940 
49,845 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
63,936 
49,841 
Shareholders' funds
63,940 
49,845 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by
R Leys Director Company Registration No. SC731875
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Leys Holdings Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Leys Holdings Ltd is a private company, limited by shares, registered in Scotland, registration number SC731875. The registered office is 54 Hallcroft Park, Ratho, Newbridge, Midlothian, EH28 8SF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard. The comparative period to 31 March 2023 is not entirely comparable as this is a period from the date of incorporation, 9 May 2022, and so not a full year.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Revenue Recognition
The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity.
Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets are initially measured at cost and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing arrangement, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets categorised as receivable within one year are not amortised. Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date. Basic financial liabilities that are classified as debt, are initially recognised at cost unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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Leys Holdings Ltd Notes to the Accounts for the year ended 31 March 2024
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current period. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Investments
Investments in subsidiaries are included at cost less impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
4
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2023
2 
Valuation at 31 March 2024
2 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
316 
106 
Other debtors
- 
2 
316 
108 
6
Investments held as current assets
2024 
2023 
£ 
£ 
Unlisted investments
64,300 
50,000 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Accruals
696 
696 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4 
4 
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Leys Holdings Ltd Notes to the Accounts for the year ended 31 March 2024
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
M Leys
Interest free loan to director repayable on demand
1 
- 
1 
- 
R Leys
Interest free loan to director repayable on demand
1 
- 
1 
- 
2 
- 
2 
- 
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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