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REGISTERED NUMBER: 07218423 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Les Saunders Limited

Les Saunders Limited (Registered number: 07218423)






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


Les Saunders Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr L G Saunders





SECRETARY: Mr A Barwick





REGISTERED OFFICE: C/O Anderson Partnership Solicitors
71 Saltergate
Chesterfield
Derbyshire
S40 1JS





REGISTERED NUMBER: 07218423 (England and Wales)





ACCOUNTANTS: Underwood Green
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

Les Saunders Limited (Registered number: 07218423)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 375,000 375,000

CURRENT ASSETS
Debtors 5 200,202 198,653
Cash at bank 825 150
201,027 198,803
CREDITORS
Amounts falling due within one year 6 9,160 7,071
NET CURRENT ASSETS 191,867 191,732
TOTAL ASSETS LESS CURRENT
LIABILITIES

566,867

566,732

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 566,865 566,730
SHAREHOLDERS' FUNDS 566,867 566,732

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 by the director and authorised for issue on 23 October 2024 and were signed by:





Mr L G Saunders - Director


Les Saunders Limited (Registered number: 07218423)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Les Saunders 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 represents rent receivable.

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in the market value is recognised in profit or loss.

A transfer is made from retained earnings to the non distributable reserve for the amount of any market value surplus or deficit net of deferred tax provided.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Les Saunders Limited (Registered number: 07218423)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 375,000
NET BOOK VALUE
At 30 April 2024 375,000
At 30 April 2023 375,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 375,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 375,000 375,000

Investment properties were valued on an open market basis on 30 April 2023 by the director of Les Saunders Limited .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 43,742 42,597
Directors' current accounts 156,460 156,056
200,202 198,653

Other than as stated under directors loan account above, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 7,656 6,111
Accruals and deferred income 1,504 960
9,160 7,071

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1
1 Ordinary B £1 1 1
2 2

Les Saunders Limited (Registered number: 07218423)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr L G Saunders
Balance outstanding at start of year 156,056 157,117
Amounts advanced 33,635 33,273
Amounts repaid (33,231 ) (34,334 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 156,460 156,056

Interest was charged on the director's advances at HM Revenue & Customs official rate of interest being 2% per annum to 5 April 2023 and 2.25% thereafter.

9. RELATED PARTY DISCLOSURES

An intercompany loan due to Leslie George Saunders Limited, a company in which Mr L G Saunders is also a director, was written off during the year to the amount of £Nil (2022: £1,184). The intercompany balance at 30 April 2023 was £Nil (2022: £Nil).