Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-3122023-02-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12432604 2023-02-01 2024-01-31 12432604 2022-02-01 2023-01-31 12432604 2024-01-31 12432604 2023-01-31 12432604 c:Director1 2023-02-01 2024-01-31 12432604 d:OfficeEquipment 2023-02-01 2024-01-31 12432604 d:OfficeEquipment 2024-01-31 12432604 d:OfficeEquipment 2023-01-31 12432604 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12432604 d:CurrentFinancialInstruments 2024-01-31 12432604 d:CurrentFinancialInstruments 2023-01-31 12432604 d:Non-currentFinancialInstruments 2024-01-31 12432604 d:Non-currentFinancialInstruments 2023-01-31 12432604 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 12432604 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12432604 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 12432604 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 12432604 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-01-31 12432604 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-01-31 12432604 d:ShareCapital 2024-01-31 12432604 d:ShareCapital 2023-01-31 12432604 d:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 12432604 d:RetainedEarningsAccumulatedLosses 2024-01-31 12432604 d:RetainedEarningsAccumulatedLosses 2023-01-31 12432604 c:OrdinaryShareClass1 2023-02-01 2024-01-31 12432604 c:OrdinaryShareClass1 2024-01-31 12432604 c:OrdinaryShareClass1 2023-01-31 12432604 c:FRS102 2023-02-01 2024-01-31 12432604 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12432604 c:FullAccounts 2023-02-01 2024-01-31 12432604 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12432604 2 2023-02-01 2024-01-31 12432604 6 2023-02-01 2024-01-31 12432604 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12432604









LEROCO LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
LEROCO LTD
REGISTERED NUMBER: 12432604

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
571
1,144

Investments
 5 
337,876
337,876

  
338,447
339,020

Current assets
  

Cash at bank and in hand
 6 
2,419
1,604

Creditors: amounts falling due within one year
 7 
(92,316)
(85,583)

Net current liabilities
  
 
 
(89,897)
 
 
(83,979)

Creditors: amounts falling due after more than one year
 8 
(246,238)
(246,238)

  

Net assets
  
2,312
8,803


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
2,311
8,802

  
2,312
8,803


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 October 2024.

L Mak
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 1

 
LEROCO LTD
REGISTERED NUMBER: 12432604
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024


Page 2

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

1.


General information

Leroco Ltd (the "Company" is a private company limited by shares, incorporated in England and Wales, registration number 12432604. The registered office is 34 Foxglove Close, Bishop's Stortford, England, CM23 4PU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is measured at the fair value of consideration received or receivable and represents the amount receivable for services rendered, net of returns, discounts and rebates allowed by the Company and value added taxes.
The Company’s source of revenue is from rental income from investment properties. Revenue is recognised in the accounting period in which the services are rendered.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

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

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

 Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if  necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. 

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

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

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 February 2023
2,847



At 31 January 2024

2,847



Depreciation


At 1 February 2023
1,703


Charge for the year on owned assets
573



At 31 January 2024

2,276



Net book value



At 31 January 2024
571



At 31 January 2023
1,144


5.


Fixed asset investments





Investment property

£



Cost or valuation


At 1 February 2023
337,876



At 31 January 2024
337,876




The value of the properties is not considered by the directors to have materially changed from the dateof of acquisition to the balance sheet date.

Page 5

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

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,419
1,604



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
58
58

Other taxation and social security
30
30

Other creditors
91,328
84,595

Accruals and deferred income
900
900

92,316
85,583



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
246,238
246,238



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
246,238
246,238



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £0.01 each
1
1


Page 6

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

11.


Reserves

Profit and loss account

The profit and loss account represents cumulative distributable profits and losses net of dividends and other adjustments.


12.


Related party transactions

At the year end, the company owed the directors £91,328 (2023 - £84,595).

 
Page 7