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REGISTERED NUMBER: 06836999 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

LEAGROVE LIMITED

LEAGROVE LIMITED (REGISTERED NUMBER: 06836999)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEAGROVE LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A F A Pabani
O A Pabani





SECRETARY: Mrs S Pabani





REGISTERED OFFICE: 151 Plashet Road
London
E13 0RA





REGISTERED NUMBER: 06836999 (England and Wales)





ACCOUNTANTS: Malshahz Accountants
27 Russell Road
Whetstone
London
N20 0TN

LEAGROVE LIMITED (REGISTERED NUMBER: 06836999)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Investment property 4 336,762 336,762

CURRENT ASSETS
Debtors 5 13,238 14,538
Cash at bank and in hand 6,241 10,277
19,479 24,815
CREDITORS
Amounts falling due within one year 6 (195,054 ) (89,949 )
NET CURRENT LIABILITIES (175,575 ) (65,134 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

161,187

271,628

CREDITORS
Amounts falling due after more than one
year

7

-

(103,612

)

PROVISIONS FOR LIABILITIES 8 (27,475 ) (27,475 )
NET ASSETS 133,712 140,541

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 133,708 140,537
133,712 140,541

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.

LEAGROVE LIMITED (REGISTERED NUMBER: 06836999)

Balance Sheet - continued
31 December 2023


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 18 October 2024 and were signed on its behalf by:





A F A Pabani - Director


LEAGROVE LIMITED (REGISTERED NUMBER: 06836999)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Leagrove 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

LEAGROVE LIMITED (REGISTERED NUMBER: 06836999)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 336,762
NET BOOK VALUE
At 31 December 2023 336,762
At 31 December 2022 336,762

Fair value at 31 December 2023 is represented by:
£   
Valuation in 1 13,874
Valuation in 2 130,000
Cost 192,888
336,762

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

31.12.23 31.12.22
£    £   
Cost 156,126 156,126

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 1,300
Other debtors 13,238 13,238
13,238 14,538

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 103,407 4,393
Taxation and social security - 1,487
Other creditors 91,647 84,069
195,054 89,949

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 103,612

LEAGROVE LIMITED (REGISTERED NUMBER: 06836999)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 81,652

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 27,475 27,475

Deferred
tax
£   
Balance at 1 January 2023 27,475
Fair value reserve
Balance at 31 December 2023 27,475