Company registration number 14585138 (England and Wales)
58-60 LEACHCROFT LIMITED
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
58-60 LEACHCROFT LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 4
58-60 LEACHCROFT LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2024
31 January 2024
- 1 -
2024
Notes
£
£
Fixed assets
Investments
4
21,038
Creditors: amounts falling due after more than one year
5
(21,036)
Net assets
2
Capital and reserves
-
Called up share capital
6
2
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 3 October 2024 and are signed on its behalf by:
A Groenewald
Director
Company registration number 14585138 (England and Wales)
58-60 LEACHCROFT LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 JANUARY 2024
- 2 -
Share capital
Notes
£
Balance at 21 January 2023
Period ended 31 January 2024:
Profit and total comprehensive income
-
Issue of share capital
6
2
Balance at 31 January 2024
2
58-60 LEACHCROFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024
- 3 -
1
Accounting policies
Company information
58-60 Leachcroft Limited is a private company limited by shares incorporated in England and Wales. The registered office is 58 Leachcroft Road, Chalfont St Peter, Gerrards Cross, Buckinghamshire, SL9 9LJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Fixed asset investments
Investments comprises the freehold of a property, measured at cost on acquisition. The investment will be held at cost thereafter.
1.3
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.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.
Classification of financial liabilities
Financial liabilities are classified according to the substance of the contractual arrangements entered into.
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
2
Judgements and key sources of estimation uncertainty
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 are 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.
58-60 LEACHCROFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2024
- 4 -
3
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
Number
Total
4
Fixed asset investments
2024
£
Other investments other than loans
21,038
Movements in fixed asset investments
Other
£
Cost or valuation
At 21 January 2023
-
Additions
21,038
At 31 January 2024
21,038
Carrying amount
At 31 January 2024
21,038
5
Creditors: amounts falling due after more than one year
2024
£
Other creditors
21,036
Other creditors comprises amounts due to the directors for the transfer of the freeholds into the company. These amounts are interest-free and repayable in more than one year.
6
Called up share capital
2024
2024
Ordinary share capital
Number
£
Issued and fully paid
Ordinary Shares of £1 each
2
2
On 11 January 2023, the company was incorporated, and issued two Ordinary Shares, for cash at par, to establish the capital base of the company.