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Registered number: 10720177









LEADAR LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
LEADAR LIMITED
REGISTERED NUMBER: 10720177

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1,931,520
1,931,451

  
1,931,520
1,931,451

Current assets
  

Debtors: amounts falling due within one year
 5 
148
874

Cash at bank and in hand
 6 
19
746

  
167
1,620

Creditors: amounts falling due within one year
 7 
(1,412,037)
(1,421,798)

Net current liabilities
  
 
 
(1,411,870)
 
 
(1,420,178)

Total assets less current liabilities
  
519,650
511,273

Creditors: amounts falling due after more than one year
  
(42,609)
(50,123)

  

Net assets
  
477,041
461,150


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
476,941
461,050

  
477,041
461,150


Page 1

 
LEADAR LIMITED
REGISTERED NUMBER: 10720177
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 profit and loss account 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 6 November 2024.




L R Mooney
Director

The notes on pages 5 to 8 form part of these financial statements.

Page 2

 
LEADAR LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2023
100
461,050
461,150


Comprehensive income for the year

Profit for the year

-
15,891
15,891


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
15,891
15,891


Total transactions with owners
-
-
-


At 31 March 2024
100
476,941
477,041


The notes on pages 5 to 8 form part of these financial statements.

Page 3

 
LEADAR LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2022
-
453,469
453,469


Comprehensive income for the year

Profit for the year

-
7,581
7,581


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
7,581
7,581


Contributions by and distributions to owners

Shares issued during the year
100
-
100


Total transactions with owners
100
-
100


At 31 March 2023
100
461,050
461,150


The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
LEADAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Leadar Limited is a private company incorporated in England.
The company's registered office is 3 Heathcote Way, Heathcote Industrial Estate, Wawick, Warwickshire CV34 6TE. 
These financial statements are presented in £ Sterling which is the functional currency of the company.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
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

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Page 5

 
LEADAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

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.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







2
2


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
1,931,451


Additions
69



At 31 March 2024
1,931,520




Page 6

 
LEADAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Other debtors
148
874

148
874



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
19
746

19
746



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
671,517
674,283

Amounts owed to group undertakings
733,479
747,270

Corporation tax
4,275
245

Accruals and deferred income
2,766
-

1,412,037
1,421,798



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bounce back loan
42,609
50,123

42,609
50,123


Page 7

 
LEADAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
671,517
674,283


671,517
674,283

Amounts falling due 1-2 years

Bounce back loan
42,609
50,123


42,609
50,123



714,126
724,406


 
Page 8