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REGISTERED NUMBER: 03454232 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LEDRA SERVICES LIMITED

LEDRA SERVICES LIMITED (REGISTERED NUMBER: 03454232)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEDRA SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr G S Stavrou
Mr G Makris





REGISTERED OFFICE: 139a Sunnyhill Road
London
SW16 2UW





REGISTERED NUMBER: 03454232 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

LEDRA SERVICES LIMITED (REGISTERED NUMBER: 03454232)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 20,607 27,477
Investments 6 2,132,165 -
Investment property 7 36,550,301 36,550,301
38,703,073 36,577,778

CURRENT ASSETS
Debtors 8 46,499 1,402,422
Cash at bank 5,873,062 5,701,830
5,919,561 7,104,252
CREDITORS
Amounts falling due within one year 9 400,744 408,052
NET CURRENT ASSETS 5,518,817 6,696,200
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,221,890

43,273,978

PROVISIONS FOR LIABILITIES 10 3,282,025 2,471,128
NET ASSETS 40,939,865 40,802,850

CAPITAL AND RESERVES
Called up share capital 11 200 200
Fair value reserve 12 14,225,147 14,913,879
Retained earnings 26,714,518 25,888,771
SHAREHOLDERS' FUNDS 40,939,865 40,802,850

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.

LEDRA SERVICES LIMITED (REGISTERED NUMBER: 03454232)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





Mr G Makris - Director


LEDRA SERVICES LIMITED (REGISTERED NUMBER: 03454232)

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


1. STATUTORY INFORMATION

Ledra Services 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 amounts derived from rents receivable during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts, and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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.

LEDRA SERVICES LIMITED (REGISTERED NUMBER: 03454232)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 2,000
AMORTISATION
At 1 April 2023
and 31 March 2024 2,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 788,281
DEPRECIATION
At 1 April 2023 760,804
Charge for year 6,870
At 31 March 2024 767,674
NET BOOK VALUE
At 31 March 2024 20,607
At 31 March 2023 27,477

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 2,010,000
Revaluations 122,165
At 31 March 2024 2,132,165
NET BOOK VALUE
At 31 March 2024 2,132,165

LEDRA SERVICES LIMITED (REGISTERED NUMBER: 03454232)

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


6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2024 122,165
Cost 2,010,000
2,132,165

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 36,550,301
NET BOOK VALUE
At 31 March 2024 36,550,301
At 31 March 2023 36,550,301

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2001 3,834,875
Valuation in 2017 7,055,645
Valuation in 2018 6,494,487
Cost 19,165,294
36,550,301

The directors have revalued the investment properties based on the valuations of similar properties in the area as at 31/03/2024.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Contracted sales - 1,391,352
Prepayments and accrued income 46,499 11,070
46,499 1,402,422

LEDRA SERVICES LIMITED (REGISTERED NUMBER: 03454232)

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


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 277,537 339,917
Amounts owed to related party 90,378 35,306
Accrued expenses 32,829 32,829
400,744 408,052

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 3,282,025 2,471,128

Deferred
tax
£   
Balance at 1 April 2023 2,471,128
Provided during year 810,897
Balance at 31 March 2024 3,282,025

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary A 1 100 100
100 Ordinary B 1 100 100
200 200

12. RESERVES
Fair
value
reserve
£   
At 1 April 2023 14,913,879
Fair value (688,732 )

At 31 March 2024 14,225,147