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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LEVINE INVESTMENT CO LTD

LEVINE INVESTMENT CO LTD (REGISTERED NUMBER: 11999376)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

LEVINE INVESTMENT CO LTD

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: J D Levine





REGISTERED OFFICE: 201 Upwell Street
Sheffield
South Yorkshire
S4 8AL





REGISTERED NUMBER: 11999376 (England and Wales)





ACCOUNTANTS: Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN

LEVINE INVESTMENT CO LTD (REGISTERED NUMBER: 11999376)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,301 7,876
Investments 5 - 3,637,594
Investment property 6 3,102,266 2,787,598
3,108,567 6,433,068

CURRENT ASSETS
Debtors 7 102,299 119,467
Cash at bank 18,804 38,988
121,103 158,455
CREDITORS
Amounts falling due within one year 8 2,664,977 5,894,394
NET CURRENT LIABILITIES (2,543,874 ) (5,735,939 )
TOTAL ASSETS LESS CURRENT LIABILITIES 564,693 697,129

PROVISIONS FOR LIABILITIES 1,575 112,569
NET ASSETS 563,118 584,560

CAPITAL AND RESERVES
Called up share capital 165 165
Fair value reserve 9 - 472,206
Retained earnings 562,953 112,189
563,118 584,560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 September 2024 and were signed by:




J D Levine - Director


LEVINE INVESTMENT CO LTD (REGISTERED NUMBER: 11999376)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Levine Investment Co Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 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.

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.

Investments
Investment in shares are included at fair value and any aggregate surplus or deficit arising from changes in fair values are recognised in the profit and loss.

3. EMPLOYEES AND DIRECTORS

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

LEVINE INVESTMENT CO LTD (REGISTERED NUMBER: 11999376)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 17,270
DEPRECIATION
At 1 January 2023 9,394
Charge for year 1,575
At 31 December 2023 10,969
NET BOOK VALUE
At 31 December 2023 6,301
At 31 December 2022 7,876

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 January 2023 3,637,594
Disposals (3,637,594 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 3,637,594

Cost or valuation at 31 December 2023 is represented by:

Listed
investments
£   
Valuation in 2020 3,204,854
Valuation in 2021 1,342,912
Valuation in 2022 (910,172 )
Valuation in 2023 (3,637,594 )

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 2,787,598
Additions 314,668
At 31 December 2023 3,102,266
NET BOOK VALUE
At 31 December 2023 3,102,266
At 31 December 2022 2,787,598

LEVINE INVESTMENT CO LTD (REGISTERED NUMBER: 11999376)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

6. INVESTMENT PROPERTY - continued

The company's investment properties are shown in the balance sheet at their fair value at 31 December 2023. The valuation was carried out by the director based on their knowledge of similar properties in the sector.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,000 1,740
Amounts owed by associates 93,846 110,361
Other debtors 365 365
VAT 2,768 6,370
Prepayments 4,320 631
102,299 119,467

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 1,132,524
Trade creditors 1,239 165
Amounts owed to associates 8,053 8,053
Tax 133,031 2,311
Social security and other taxes - (487 )
Directors' current accounts 2,521,654 4,750,928
Accrued expenses 1,000 900
2,664,977 5,894,394

9. RESERVES
Fair
value
reserve
£   
At 1 January 2023 472,206
Fair value gain/(loss) (472,206 )

At 31 December 2023 -

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LEVINE INVESTMENT CO LTD

The following reproduces the text of the report prepared for the director 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 Director 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 Levine Investment Co Ltd for the year ended 31 December 2023 which comprise the Income Statement, Other Comprehensive Income, 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 director of Levine Investment Co Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Levine Investment Co Ltd and state those matters that we have agreed to state to the director of Levine Investment Co Ltd 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 director for our work or for this report.

It is your duty to ensure that Levine Investment Co Ltd 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 profit of Levine Investment Co Ltd. You consider that Levine Investment Co Ltd 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 Levine Investment Co Ltd. 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.






Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN


24 September 2024