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Registrar

Registration number: 05776522

Leadenhall Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Leadenhall Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Leadenhall Limited

Company Information

Directors

T J Bradford

Company secretary

N Bradford

Registered office

9 Perseverance Works
Kingsland Road
London
E2 8DD

Bankers

Barclays Bank Plc
60 High Street
Maldon
Essex
CM9 5PR

Accountants

Lambert Chapman LLP
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

Leadenhall Limited

(Registration number: 05776522)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

8,159

104,304

Investments

5

50,000

50,000

 

58,159

154,304

Current assets

 

Debtors

6

437,767

233,464

Cash at bank and in hand

 

1,033,803

924,059

 

1,471,570

1,157,523

Creditors: Amounts falling due within one year

7

(523,004)

(589,581)

Net current assets

 

948,566

567,942

Total assets less current liabilities

 

1,006,725

722,246

Provisions for liabilities

(2,040)

(2,400)

Net assets

 

1,004,685

719,846

Capital and reserves

 

Called up share capital

8

10,000

10,000

Retained earnings

994,685

709,846

Shareholders' funds

 

1,004,685

719,846

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 September 2024
 

T J Bradford
Director

 

Leadenhall Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: 9 Perseverance Works, Kingsland Road, London, E2 8DD.

These financial statements were authorised for issue by the director on 9 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred income tax is recognised on material temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% Reducing balance method

Office equipment

15% Reducing balance method

Fixtures and fittings

15% Reducing balance method

 

Leadenhall Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for the supply of services to the insurance industry in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 2).

 

Leadenhall Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Office equipment
 £

Fixtures & Fittings
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 May 2023

7,543

5,304

176,635

189,482

Disposals

-

-

(171,767)

(171,767)

At 30 April 2024

7,543

5,304

4,868

17,715

Depreciation

At 1 May 2023

4,796

852

79,530

85,178

Charge for the year

412

668

9,830

10,910

Eliminated on disposal

-

-

(86,532)

(86,532)

At 30 April 2024

5,208

1,520

2,828

9,556

Carrying amount

At 30 April 2024

2,335

3,784

2,040

8,159

At 30 April 2023

2,747

4,452

97,105

104,304

5

Investments

2024
£

2023
£

Fixed asset investments

50,000

50,000

6

Debtors

Note

2024
£

2023
£

Trade debtors

 

371,550

136,237

Amounts recoverable on contracts

 

58,765

86,074

Other debtors

 

925

935

Directors loan

9

4,013

-

Prepayments and accrued income

 

2,514

10,218

 

437,767

233,464

 

Leadenhall Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

168

263

Social security and other taxes

 

4,926

13,171

Directors loan

9

-

65,013

Other creditors

 

252,915

314,169

Corporation tax

 

261,645

193,690

Accruals and deferred income

 

3,350

3,275

 

523,004

589,581

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

10,000

10,000

10,000

10,000

       

9

Related party transactions

Transactions with the director

2024

At 1 May 2023
£

Advances to director
£

Repayments by director
£

At 30 April 2024
£

Directors loan account

(65,013)

87,638

(18,611)

4,013

 

The loan to the director is unsecured, interest free and repayable on demand.