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REGISTERED NUMBER: 00235913 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

LEVERTON AND SONS LIMITED

LEVERTON AND SONS LIMITED (REGISTERED NUMBER: 00235913)






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

Chartered Certified Accountants' Report 9

LEVERTON AND SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P S Leverton
A H Leverton





SECRETARY: A H Leverton





REGISTERED OFFICE: 210/212 Eversholt Street
London
NW1 1BD





REGISTERED NUMBER: 00235913 (England and Wales)





ACCOUNTANTS: LFM
Chartered Certified Accountants
The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG

LEVERTON AND SONS LIMITED (REGISTERED NUMBER: 00235913)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,575,871 1,705,135
Investments 5 6,400 6,400
6,582,271 1,711,535

CURRENT ASSETS
Stocks 77,995 67,157
Debtors 6 649,995 598,958
Cash at bank 1,334,529 1,224,242
2,062,519 1,890,357
CREDITORS
Amounts falling due within one year 7 264,642 404,798
NET CURRENT ASSETS 1,797,877 1,485,559
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,380,148

3,197,094

CREDITORS
Amounts falling due after more than one year 8 (18,641 ) (27,962 )

PROVISIONS FOR LIABILITIES - (16,716 )
NET ASSETS 8,361,507 3,152,416

CAPITAL AND RESERVES
Called up share capital 14,000 14,000
Revaluation reserve 10 5,726,459 -
Retained earnings 2,621,048 3,138,416
SHAREHOLDERS' FUNDS 8,361,507 3,152,416

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.

LEVERTON AND SONS LIMITED (REGISTERED NUMBER: 00235913)

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 4 September 2024 and were signed on its behalf by:





A H Leverton - Director


LEVERTON AND SONS LIMITED (REGISTERED NUMBER: 00235913)

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

1. STATUTORY INFORMATION

Leverton And Sons 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 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.

The rates of depreciation policies for fixed assets during the year are as follows :

Land and buildings freehold 2% Straight line
Plant and Machinery 10% Reducing balance
Fixtures, fittings & equipment 10% Reducing balance
Motor vehicles 25% Reducing balance.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of Section 11 ' Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of it 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 offset, with net amounts presented in the financial statements, when there is a legally 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.

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.


LEVERTON AND SONS LIMITED (REGISTERED NUMBER: 00235913)

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

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.

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.

Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 36 ) .

LEVERTON AND SONS LIMITED (REGISTERED NUMBER: 00235913)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 1,707,301 1,357,717 3,065,018
Disposals (800,000 ) - (800,000 )
Revaluations 5,726,459 - 5,726,459
At 31 March 2024 6,633,760 1,357,717 7,991,477
DEPRECIATION
At 1 April 2023 389,534 970,349 1,359,883
Charge for year 66,241 75,707 141,948
Eliminated on disposal (86,225 ) - (86,225 )
At 31 March 2024 369,550 1,046,056 1,415,606
NET BOOK VALUE
At 31 March 2024 6,264,210 311,661 6,575,871
At 31 March 2023 1,317,767 387,368 1,705,135

Cost or valuation at 31 March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 5,726,458 - 5,726,458
Cost 907,302 1,357,717 2,265,019
6,633,760 1,357,717 7,991,477

5. FIXED ASSET INVESTMENTS
Investment
in Other
subsidiaries investments Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 1,000 5,400 6,400
NET BOOK VALUE
At 31 March 2024 1,000 5,400 6,400
At 31 March 2023 1,000 5,400 6,400

LEVERTON AND SONS LIMITED (REGISTERED NUMBER: 00235913)

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

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of the companies include the following:

Camden Funeral Services Ltd
Registered office: 210-214 Eversholt Street, London, NW1 1BD
Nature of business Dormant
%
holding
Class of shares
Ordinary 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 447,564 413,624
Other debtors 202,431 185,334
649,995 598,958

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 9,321 11,321
Trade creditors 183,493 289,935
Taxation and social security 33,670 37,041
Other creditors 38,158 66,501
264,642 404,798

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 18,641 27,962

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 9,321 11,321
Between one and five years 18,641 27,962
27,962 39,283

LEVERTON AND SONS LIMITED (REGISTERED NUMBER: 00235913)

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

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 89,000 141,250
Between one and five years 144,000 197,000
In more than five years 216,000 252,000
449,000 590,250

10. RESERVES
Revaluation
reserve
£   
Revaluation 5,726,459

At 31 March 2024 5,726,459

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LEVERTON AND SONS LIMITED

The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 Leverton And Sons Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet 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 Board of Directors of Leverton And Sons Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Leverton And Sons Limited and state those matters that we have agreed to state to the Board of Directors of Leverton And Sons Limited, as a body, 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 Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Leverton And Sons 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 Leverton And Sons Limited. You consider that Leverton And Sons 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 Leverton And Sons 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.






LFM
Chartered Certified Accountants
The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG


4 September 2024