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REGISTERED NUMBER: 06488008 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LEDCO 2 LIMITED

LEDCO 2 LIMITED (REGISTERED NUMBER: 06488008)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


LEDCO 2 LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: G Ledson
P Ledson





REGISTERED OFFICE: Great George Street
Off Wallgate
Wigan
Lancashire
WN3 4DL





REGISTERED NUMBER: 06488008 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

LEDCO 2 LIMITED (REGISTERED NUMBER: 06488008)

STATEMENT OF FINANCIAL POSITION
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 325,000 325,000

CURRENT ASSETS
Cash at bank 43,063 47,180

CREDITORS
Amounts falling due within one year 5 8,505 12,337
NET CURRENT ASSETS 34,558 34,843
TOTAL ASSETS LESS CURRENT
LIABILITIES

359,558

359,843

CAPITAL AND RESERVES
Called up share capital 3,300 3,300
Share premium 496,700 496,700
Fair value reserve 6 (175,000 ) (175,000 )
Retained earnings 34,558 34,843
SHAREHOLDERS' FUNDS 359,558 359,843

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.

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 Statement of Comprehensive Income 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:





P Ledson - Director


LEDCO 2 LIMITED (REGISTERED NUMBER: 06488008)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Ledco 2 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The disclosure requirements of section 1a of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover represents rents receivable during the year excluding value added tax.

Turnover is recognised in accordance with the time period which tenants occupy the business units. Any rents received in the advance are treated as deferred income within creditors.

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 following assets and liabilities are classified as financial instruments; trade debtors, Directors' loan accounts, trade creditors, accruals and bank loans.

Financial instruments that are payable or receivable within one year, typically Directors' loan accounts, trade creditors, accruals and trade debtors, are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received.

Financial instruments repayable in more than one year such as bank loans are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method unless the effect of discounting would be immaterial.

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.


LEDCO 2 LIMITED (REGISTERED NUMBER: 06488008)

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 325,000
NET BOOK VALUE
At 31 March 2024 325,000
At 31 March 2023 325,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2015 (175,000 )
Cost 500,000
325,000

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

2024 2023
£    £   
Cost 500,000 500,000

The investment property was valued on at fair value basis on 31 March 2023 by the directors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 7,105 11,033
Accrued expenses 1,400 1,304
8,505 12,337

LEDCO 2 LIMITED (REGISTERED NUMBER: 06488008)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

6. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 (175,000 )

7. RELATED PARTY DISCLOSURES

The company received rental income in the year of £30,000 (2023: £30,000) from T A Ledson (Wigan) Limited, a company in which the directors were also previously directors and now under the control of close family members.