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Registration number: 00494638

W.W. Leese (Halifax) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

W.W. Leese (Halifax) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

W.W. Leese (Halifax) Limited

Balance Sheet

as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

440,000

440,000

Current assets

 

Debtors

5

-

155

Cash at bank and in hand

 

54,826

65,985

 

54,826

66,140

Creditors: Amounts falling due within one year

6

(17,121)

(32,250)

Net current assets

 

37,705

33,890

Total assets less current liabilities

 

477,705

473,890

Provisions for liabilities

(83,918)

(83,918)

Net assets

 

393,787

389,972

Capital and reserves

 

Allotted, called up and fully paid share capital

2,000

2,000

Profit and loss account

391,787

387,972

Shareholders' funds

 

393,787

389,972

Registration number: 00494638

 

W.W. Leese (Halifax) Limited

Balance Sheet

as at 30 April 2024 (continued)

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.

Directors' 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 directors acknowledge their 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 18 September 2024 and signed on its behalf by:
 

.........................................
Mrs M B K Leese
Company secretary and director

 

W.W. Leese (Halifax) 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 shares incorporated in England within the United Kingdom.

The company's registration number is 00494638.

The address of its registered office is:
First Floor
Rosemount House
Huddersfield Road
Elland
West Yorkshire
HX5 0EE

The principal place of business is:
26 Sheldrake Road
Christchurch
Dorset
BH23 4BW

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 except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents the rent receivable.

 

W.W. Leese (Halifax) Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2024 (continued)

2

Accounting policies (continued)

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Tangible assets

Tangible assets are stated in the balance sheet at cost (or deemed cost), less any accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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

Fixtures, fittings and equipment

10% per annum on a reducing balance basis

Freehold land

In accordance with FRS 102, the freehold land is not depreciated

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 1 (2023 - 1).

4

Investment properties

2024
£

At 1 May 2023

440,000

At 30 April 2024

440,000

 

W.W. Leese (Halifax) Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2024 (continued)

4

Investment properties (continued)

The historic cost of the investment property was £3,458. The property was valued at an open market value of £440,000 in July 2021 by an independant external valuer. The directors are of the opinion that the value in the accounts reflects its fair value at the year end.

5

Debtors

2024
£

2023
£

Other debtors

-

155

-

155

6

Creditors

2024
£

2023
£

Due within one year

Taxation and social security

134

-

Other creditors

-

15,642

Accruals and deferred income

10,228

9,946

Corporation tax

6,759

6,662

17,121

32,250