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REGISTERED NUMBER: 00149834 (England and Wales)













LESLIE WISE GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






LESLIE WISE GROUP LIMITED (REGISTERED NUMBER: 00149834)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LESLIE WISE GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr N H Wise





SECRETARY: Mr N H Wise





REGISTERED OFFICE: Second Floor
34 Lime Street
London
EC3M 7AT





REGISTERED NUMBER: 00149834 (England and Wales)





ACCOUNTANTS: Sinclairs Bartrum Lerner
Chartered Accountants
Second Floor
34 Lime Street
London
EC3M 7AT

LESLIE WISE GROUP LIMITED (REGISTERED NUMBER: 00149834)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 725 966
Investments 5 2,230,959 2,161,031
Investment properties 6 250,000 250,000
2,481,684 2,411,997

CURRENT ASSETS
Debtors 7 1,443,584 1,407,105
Cash at bank 909,918 728,279
2,353,502 2,135,384
CREDITORS
Amounts falling due within one year 8 27,020 21,379
NET CURRENT ASSETS 2,326,482 2,114,005
TOTAL ASSETS LESS CURRENT LIABILITIES 4,808,166 4,526,002

CAPITAL AND RESERVES
Called up share capital 9 1,657,797 1,657,797
Share premium 58,014 58,014
Capital redemption reserve 2,116,676 2,116,676
Other reserves 572,764 496,501
Retained earnings 402,915 197,014
SHAREHOLDERS' FUNDS 4,808,166 4,526,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 8 October 2024 and were signed by:





Mr N H Wise - Director


LESLIE WISE GROUP LIMITED (REGISTERED NUMBER: 00149834)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Leslie Wise Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Preparation of consolidated financial statements
The financial statements contain information about Leslie Wise Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment properties are shown at their fair value. Any adjustment to the fair value of the investment properties is recognised in the Income Statement for the year.

No depreciation is provided in respect of properties held as investments. Such properties are held for investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the financial statements giving a true and fair view.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

LESLIE WISE GROUP LIMITED (REGISTERED NUMBER: 00149834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable for the year are charged in the profit and loss account.

Investments
Investments held as fixed assets are shown at their fair value. Any adjustment to their fair value is recognised in the Income Statement for the year.

Basic financial instruments
Trade and other debtors / creditors
Trade and other debtors are recognised initially at transaction price less attributable transaction costs.
Subsequent to initial recognition, they are measured at transaction price less any impairment losses.
Trade and other creditors are recognised initially at transaction price plus attributable transaction costs.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances and deposits.

Other reserves
Other reserve represents the net balance between the adjustment to the fair value of investments and its related deferred tax provision.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 May 2023
and 30 April 2024 2,749
DEPRECIATION
At 1 May 2023 1,783
Charge for year 241
At 30 April 2024 2,024
NET BOOK VALUE
At 30 April 2024 725
At 30 April 2023 966

LESLIE WISE GROUP LIMITED (REGISTERED NUMBER: 00149834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£ £ £
COST OR VALUATION
At 1 May 2023 300 2,160,731 2,161,031
Additions - 426,663 426,663
Disposals - (586,072 ) (586,072 )
Revaluations - 229,337 229,337
At 30 April 2024 300 2,230,659 2,230,959
NET BOOK VALUE
At 30 April 2024 300 2,230,659 2,230,959
At 30 April 2023 300 2,160,731 2,161,031

Cost or valuation at 30 April 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£ £ £
Valuation in 2015 - 377,776 377,776
Valuation in 2016 - (83,624 ) (83,624 )
Valuation in 2017 - 171,849 171,849
Valuation in 2018 - 93,614 93,614
Valuation in 2019 - 50,555 50,555
Valuation in 2020 - (362,773 ) (362,773 )
Valuation in 2021 - 357,340 357,340
Valuation in 2022 - (100,331 ) (100,331 )
Valuation in 2023 - (48,916 ) (48,916 )
Valuation in 2024 - 76,263 76,263
Cost 300 1,698,906 1,699,206
300 2,230,659 2,230,959

All subsidiary undertakings operate in the United Kingdom.

6. INVESTMENT PROPERTIES
Total
£
FAIR VALUE
At 1 May 2023
and 30 April 2024 250,000
NET BOOK VALUE
At 30 April 2024 250,000
At 30 April 2023 250,000

Fair value at 30 April 2024 is represented by:
£
Valuation in 2019 41,000
Cost 209,000
250,000

LESLIE WISE GROUP LIMITED (REGISTERED NUMBER: 00149834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors - 2,256
Amounts owed by group undertakings 1,325,842 1,287,107
Other debtors 117,742 117,742
1,443,584 1,407,105

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed to group undertakings 100 100
Taxation and social security 15,970 10,331
Other creditors 10,950 10,948
27,020 21,379

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
8,288,984 Ordinary £0.20 1,657,797 1,657,797

10. RELATED PARTY DISCLOSURES

INCO Broking Ltd is considered a related party due to common directors. As at the balance sheet date, the company was owed £117,742 by INCO Broking Ltd.

11. ULTIMATE PARENT COMPANY

The ultimate parent company is Leslie Wise Investment Holdings Limited, a company registered in England and Wales.