Registered number
12969668
Leummol Ltd
Filleted Accounts
31 October 2023
Leummol Ltd
Registered number: 12969668
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 367,780 257,677
Current assets
Debtors 4 44,240 35,240
Cash at bank and in hand 4,270 11,401
48,510 46,641
Creditors: amounts falling due within one year 5 (239,069) (228,969)
Net current liabilities (190,559) (182,328)
Total assets less current liabilities 177,221 75,349
Creditors: amounts falling due after more than one year 6 (204,435) (93,556)
Net liabilities (27,214) (18,207)
Capital and reserves
Called up share capital 1 1
Profit and loss account (27,215) (18,208)
Shareholder's funds (27,214) (18,207)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs Feigi Sternberger
Director
Approved by the board on 15 October 2024
Leummol Ltd
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 November 2022 257,677
Additions 110,103
At 31 October 2023 367,780
Depreciation
At 31 October 2023 -
Net book value
At 31 October 2023 367,780
At 31 October 2022 257,677
4 Debtors 2023 2022
£ £
Other debtors 44,240 35,240
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 4,330 4,330
Other creditors 234,739 224,639
239,069 228,969
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 86,379 -
Related party transactions 118,056 93,556
204,435 93,556
7 Related party transactions
During the financial period, Ben & F Limited paid towards the cost of 33 Victoria Street on behalf of Leummol Ltd. The cost of the property that Ben & F Limited are accounting for is £93,555.66.
8 Other information
Leummol Ltd is a private company limited by shares and incorporated in England. Its registered office is:
158 Cromwell Road
Salford
M6 6DE
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