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REGISTERED NUMBER: 07192357 (England and Wales)

















Unaudited Financial Statements

For The Year Ended 31 December 2023

for

Leahill Limited

Leahill Limited (Registered number: 07192357)

Contents of the Financial Statements
For The Year Ended 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Leahill Limited

Company Information
For The Year Ended 31 December 2023







DIRECTORS: W McSweeney
Mrs J McSweeney





REGISTERED OFFICE: 10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET





REGISTERED NUMBER: 07192357 (England and Wales)





ACCOUNTANTS: Giess Wallis Crisp LLP
10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET

Leahill Limited (Registered number: 07192357)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 8,632,096 7,736,237
Investment property 5 395,000 395,000
9,027,096 8,131,237

CURRENT ASSETS
Debtors 6 3,104 29,187
Cash at bank and in hand 3,329,562 3,209,363
3,332,666 3,238,550
CREDITORS
Amounts falling due within one year 7 42,722 16,615
NET CURRENT ASSETS 3,289,944 3,221,935
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,317,040

11,353,172

PROVISIONS FOR LIABILITIES 561,343 262,170
NET ASSETS 11,755,697 11,091,002

CAPITAL AND RESERVES
Called up share capital 2 2
Share premium 5,999,999 5,999,999
Fair value reserve 8 1,684,028 1,117,675
Retained earnings 4,071,668 3,973,326
SHAREHOLDERS' FUNDS 11,755,697 11,091,002

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 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.

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 25 September 2024 and were signed on its behalf by:



W McSweeney - Director


Leahill Limited (Registered number: 07192357)

Notes to the Financial Statements
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Leahill 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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on ·an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

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.

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 its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

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.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by current accounts, 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.

Creditors
Short term creditors are measured at the transaction price.

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 statement of financial position date.


Leahill Limited (Registered number: 07192357)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 7,736,237
Additions 30,565
Disposals (231 )
Revaluations 865,525
At 31 December 2023 8,632,096
NET BOOK VALUE
At 31 December 2023 8,632,096
At 31 December 2022 7,736,237

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2018 (137,433 )
Valuation in 2019 419,676
Valuation in 2020 343,585
Valuation in 2021 992,623
Valuation in 2022 (542,318 )
Valuation in 2023 865,525
Cost 6,690,438
8,632,096

Leahill Limited (Registered number: 07192357)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023


4. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 6,660,104 6,660,104

Fixed asset investments were valued on an open market basis on 31 December 2023 by the investment companies .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 395,000
NET BOOK VALUE
At 31 December 2023 395,000
At 31 December 2022 395,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2021 303,713
Cost 91,287
395,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 91,287 91,287

Investment property was valued on an open market basis on 31 December 2021 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,104 -
Other debtors - 29,187
3,104 29,187

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,398 2,421
Taxation and social security 20,844 1,563
Other creditors 15,480 12,631
42,722 16,615

Leahill Limited (Registered number: 07192357)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023


8. RESERVES
Fair
value
reserve
£   
At 1 January 2023 1,117,675
Transfer of fair value uplift 865,525
Transfer deferred tax on
fair value uplift (299,172 )

At 31 December 2023 1,684,028