Little and Large Properties ( Leeds ) Limited 06818141 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is Property rental Digita Accounts Production Advanced 6.30.9574.0 true 06818141 2023-03-01 2024-02-29 06818141 2024-02-29 06818141 bus:Director1 1 2024-02-29 06818141 bus:Director2 1 2024-02-29 06818141 bus:OrdinaryShareClass1 2024-02-29 06818141 core:CurrentFinancialInstruments 2024-02-29 06818141 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 06818141 core:Non-currentFinancialInstruments 2024-02-29 06818141 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 06818141 core:OtherPropertyPlantEquipment 2024-02-29 06818141 bus:SmallEntities 2023-03-01 2024-02-29 06818141 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 06818141 bus:FilletedAccounts 2023-03-01 2024-02-29 06818141 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 06818141 bus:RegisteredOffice 2023-03-01 2024-02-29 06818141 bus:Director1 2023-03-01 2024-02-29 06818141 bus:Director1 1 2023-03-01 2024-02-29 06818141 bus:Director2 2023-03-01 2024-02-29 06818141 bus:Director2 1 2023-03-01 2024-02-29 06818141 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 06818141 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 06818141 core:OtherPropertyPlantEquipment 2023-03-01 2024-02-29 06818141 core:PlantMachinery 2023-03-01 2024-02-29 06818141 countries:England 2023-03-01 2024-02-29 06818141 2023-02-28 06818141 bus:Director1 1 2023-02-28 06818141 bus:Director2 1 2023-02-28 06818141 core:OtherPropertyPlantEquipment 2023-02-28 06818141 2022-03-01 2023-02-28 06818141 2023-02-28 06818141 bus:Director1 1 2023-02-28 06818141 bus:Director2 1 2023-02-28 06818141 bus:OrdinaryShareClass1 2023-02-28 06818141 core:CurrentFinancialInstruments 2023-02-28 06818141 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 06818141 core:Non-currentFinancialInstruments 2023-02-28 06818141 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 06818141 core:OtherPropertyPlantEquipment 2023-02-28 06818141 bus:Director1 1 2022-03-01 2023-02-28 06818141 bus:Director2 1 2022-03-01 2023-02-28 06818141 bus:Director1 1 2022-02-28 06818141 bus:Director2 1 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06818141

Little and Large Properties ( Leeds ) Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Little and Large Properties ( Leeds ) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Little and Large Properties ( Leeds ) Limited

Company Information

Directors

Mr David Shakeshaft

Mr Mark Rhodes

Registered office

11 Armley Grange Walk
Leeds
West Yorkshire
LS12 3QW

Accountants

Fullertons Limited
Chartered Certified Accountants
Manchester House
50A Oxford Road
Guiseley
Leeds
LS20 8AB

 

Little and Large Properties ( Leeds ) Limited

(Registration number: 06818141)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

22

27

Investment property

5

720,828

720,828

 

720,850

720,855

Current assets

 

Debtors

6

11,300

11,300

Cash at bank and in hand

 

28,963

3,384

 

40,263

14,684

Creditors: Amounts falling due within one year

7

(379,709)

(264,688)

Net current liabilities

 

(339,446)

(250,004)

Total assets less current liabilities

 

381,404

470,851

Creditors: Amounts falling due after more than one year

7

(39,046)

(167,037)

Provisions for liabilities

(34,897)

(34,897)

Net assets

 

307,461

268,917

Capital and reserves

 

Called up share capital

8

100

100

Other reserves

148,774

148,774

Retained earnings

158,587

120,043

Shareholders' funds

 

307,461

268,917

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Little and Large Properties ( Leeds ) Limited

(Registration number: 06818141)
Balance Sheet as at 29 February 2024

Approved and authorised by the Board on 30 October 2024 and signed on its behalf by:
 

.........................................
Mr David Shakeshaft
Director

 

Little and Large Properties ( Leeds ) Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
11 Armley Grange Walk
Leeds
West Yorkshire
LS12 3QW
England

These financial statements were authorised for issue by the Board on 30 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of rents received or receivable in the ordinary course of the company’s activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Little and Large Properties ( Leeds ) Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

20% reducing balance basis

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is measured using the fair value model and stated at it's fair value as at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Little and Large Properties ( Leeds ) Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 March 2023

606

606

At 29 February 2024

606

606

Depreciation

At 1 March 2023

579

579

Charge for the year

5

5

At 29 February 2024

584

584

Carrying amount

At 29 February 2024

22

22

At 28 February 2023

27

27

5

Investment properties

2024
£

At 1 March

720,828

At 29 February

720,828

Investment property is valued at fair value in accordance with FRS 102 provided such property can be measured reliably and if so it shall be measured at fair value each reporting date with changes to fair value recognised in profit or loss.

There has been no valuation of investment property by an independent valuer.

6

Debtors

2024
£

2023
£

Other debtors

11,300

11,300

11,300

11,300

 

Little and Large Properties ( Leeds ) Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

368,428

255,784

Taxation and social security

 

9,042

7,523

Accruals and deferred income

 

1,439

1,381

Other creditors

 

800

-

 

379,709

264,688

Creditors include bank loans and overdrafts which are secured of £2,371 (2023 - £8,743).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

39,046

167,037

Creditors include bank loans and overdrafts which are secured of £36,320 (2023 - £162,087).

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       
 

Little and Large Properties ( Leeds ) Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

39,046

167,037

Current loans and borrowings

2024
£

2023
£

Bank borrowings

4,583

10,943

Other borrowings

363,845

244,841

368,428

255,784

10

Related party transactions

Transactions with directors

2024

At 1 March 2023
£

Advances to director
£

Repayments by director
£

At 29 February 2024
£

Mr David Shakeshaft

Director's loan account

89,309

(150)

12,312

101,471

Mr Mark Rhodes

Director's loan account

155,532

(13,731)

120,573

262,374

2023

At 1 March 2022
£

Advances to director
£

Repayments by director
£

At 28 February 2023
£

Mr David Shakeshaft

Director's loan account

61,662

(11,065)

38,712

89,309

Mr Mark Rhodes

Director's loan account

189,620

(36,400)

2,312

155,532