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REGISTERED NUMBER: 04638223 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

LEADALE ESTATES LTD

LEADALE ESTATES LTD (REGISTERED NUMBER: 04638223)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LEADALE ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: J Gluck





REGISTERED OFFICE: 36 St Kildas Road
Stamford Hill
London
N16 5BZ





REGISTERED NUMBER: 04638223 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

LEADALE ESTATES LTD (REGISTERED NUMBER: 04638223)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 427 502
Investment property 5 850,000 850,000
850,427 850,502

CURRENT ASSETS
Debtors 6 22,287 25,887
Cash at bank 1,598 8,444
23,885 34,331
CREDITORS
Amounts falling due within one year 7 (170,002 ) (169,083 )
NET CURRENT LIABILITIES (146,117 ) (134,752 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

704,310

715,750

CREDITORS
Amounts falling due after more than one
year

8

(160,604

)

(188,579

)
NET ASSETS 543,706 527,171

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Revaluation reserve 11 396,130 396,130
Retained earnings 11 146,576 130,041
SHAREHOLDERS' FUNDS 543,706 527,171

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

LEADALE ESTATES LTD (REGISTERED NUMBER: 04638223)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2024


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 director and authorised for issue on 28 October 2024 and were signed by:





J Gluck - Director


LEADALE ESTATES LTD (REGISTERED NUMBER: 04638223)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Leadale Estates Ltd 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 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 net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

LEADALE ESTATES LTD (REGISTERED NUMBER: 04638223)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2023
and 31 January 2024 12,623
DEPRECIATION
At 1 February 2023 12,121
Charge for year 75
At 31 January 2024 12,196
NET BOOK VALUE
At 31 January 2024 427
At 31 January 2023 502

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 850,000
NET BOOK VALUE
At 31 January 2024 850,000
At 31 January 2023 850,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2015 396,130
Cost 453,870
850,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors - 3,600
Other debtors 22,287 22,287
22,287 25,887

LEADALE ESTATES LTD (REGISTERED NUMBER: 04638223)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Tax 10,099 9,420
Other creditors 157,383 157,383
Accrued expenses 2,520 2,280
170,002 169,083

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans more 5 yr by instal 153,521 178,996
Other loans more 5yrs instal 7,083 9,583
160,604 188,579

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 153,521 178,996
Other loans more 5yrs instal 7,083 9,583
160,604 188,579

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 153,521 178,996

1. Long term bank loan is secured by first charge over the company's investment property.

2. Under the bank loan, £7,083 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

LEADALE ESTATES LTD (REGISTERED NUMBER: 04638223)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2023 130,041 396,130 526,171
Profit for the year 16,535 16,535
At 31 January 2024 146,576 396,130 542,706

12. ULTIMATE CONTROLLING PARTY

The controlling party is J Gluck.