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REGISTERED NUMBER: 05593865











Financial Statements

for the Year Ended 31 October 2023

for

LEADERSHIP IN MIND LIMITED

LEADERSHIP IN MIND LIMITED (REGISTERED NUMBER: 05593865)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LEADERSHIP IN MIND LIMITED

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Lord V O Adebowale





SECRETARY: Lady T G Adebowale-Jones





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 05593865





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

LEADERSHIP IN MIND LIMITED (REGISTERED NUMBER: 05593865)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,082 5,770

CURRENT ASSETS
Debtors 5 31,649 12,270
Cash at bank 18,208 8,848
49,857 21,118
CREDITORS
Amounts falling due within one year 6 24,134 15,502
NET CURRENT ASSETS 25,723 5,616
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,805

11,386

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 30,705 11,286
SHAREHOLDERS' FUNDS 30,805 11,386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2024 and were signed by:





Lord V O Adebowale - Director


LEADERSHIP IN MIND LIMITED (REGISTERED NUMBER: 05593865)

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

1. STATUTORY INFORMATION

Leadership in Mind Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover
Turnover represents net invoiced sale of services, 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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022 4,262 9,822 14,084
Additions - 1,440 1,440
Disposals - (3,715 ) (3,715 )
At 31 October 2023 4,262 7,547 11,809
DEPRECIATION
At 1 November 2022 2,329 5,985 8,314
Charge for year 483 1,289 1,772
Eliminated on disposal - (3,359 ) (3,359 )
At 31 October 2023 2,812 3,915 6,727
NET BOOK VALUE
At 31 October 2023 1,450 3,632 5,082
At 31 October 2022 1,933 3,837 5,770

LEADERSHIP IN MIND LIMITED (REGISTERED NUMBER: 05593865)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 4,789 11,476
Directors' current accounts 26,860 794
31,649 12,270

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 236 -
Tax 21,361 13,518
VAT 2,537 1,984
24,134 15,502

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
Lord V O Adebowale
Balance outstanding at start of year 794 -
Amounts advanced 74,143 4,244
Amounts repaid (48,077 ) (3,450 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,860 794

9. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £(26,860) (2022:£(794)) due and payable to the director. Interest is charged on overdue amounts.

The loan was repaid within 9 months of the year end.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Lady Tracey Adebowale - Jones.