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Registration number: 13642925

Thirty-Six Leeds Limited

Annual Report and Unaudited Financial Statements

For The Year Ended 31 March 2024

 

Thirty-Six Leeds Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Thirty-Six Leeds Limited

(Registration number: 13642925)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Tangible assets

4

 

621,940

 

713,652

Current assets

   

 

Stocks

5

16,577

 

22,005

 

Debtors

6

56,811

 

58,902

 

Cash at bank and in hand

 

234,163

 

190,791

 

 

307,551

 

271,698

 

Creditors: Amounts falling due within one year

7

(385,538)

 

(802,007)

 

Net current liabilities

   

(77,987)

 

(530,309)

Total assets less current liabilities

   

543,953

 

183,343

Creditors: Amounts falling due after more than one year

7

 

(32,266)

 

(38,222)

Provisions for liabilities

 

(62,204)

 

(16,190)

Net assets

   

449,483

 

128,931

Capital and reserves

   

 

Called up share capital

100

 

100

 

Profit and loss account

449,383

 

128,831

 

Total equity

   

449,483

 

128,931

 

Thirty-Six Leeds Limited

(Registration number: 13642925)
Balance Sheet as at 31 March 2024

For the financial year ending 31 March 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 14 November 2024 and signed on its behalf by:
 

.........................................
Mr W.K.J. Habergham
Director

 

Thirty-Six Leeds Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2024

1

General information

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

The address of its registered office is:
36 Wellington Street
Leeds
LS1 2DE

These financial statements were authorised for issue by the Board on 14 November 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.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the company.

 

Thirty-Six Leeds Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2024

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

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

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold improvements

8.33% Straight line

Office equipment

20% Straight line

Plant and equipment

20% Straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

 

Thirty-Six Leeds Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 37 (2023 - 44).

4

Tangible assets

Leasehold improvements
£

Office equipment
£

Plant and equipment
£

Total
£

Cost or valuation

At 1 April 2023

504,087

16,424

272,932

793,443

Additions

-

-

9,348

9,348

At 31 March 2024

504,087

16,424

282,280

802,791

Depreciation

At 1 April 2023

34,792

2,678

42,321

79,791

Charge for the year

42,007

3,226

55,827

101,060

At 31 March 2024

76,799

5,904

98,148

180,851

Carrying amount

At 31 March 2024

427,288

10,520

184,132

621,940

At 31 March 2023

469,295

13,746

230,611

713,652

 

Thirty-Six Leeds Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2024

Included within the net book value of land and buildings above is £427,288 (2023 - £469,295) in respect of short leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Stocks

16,577

22,005

6

Debtors

Debtors: amounts falling due within one year

2024
£

2023
£

Trade debtors

13,316

1,410

Prepayments

43,495

57,492

 

56,811

58,902

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Loans and borrowings

5,957

5,957

Trade creditors

106,734

164,214

Taxation and social security

147,753

56,142

Other creditors

125,094

575,694

385,538

802,007

Due after one year

Loans and borrowings

32,266

38,222

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

 

Loans and borrowings

32,266

38,222

 

Thirty-Six Leeds Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2024

The company is related to All Property Management Limited by virtue of the common shareholding of Mr M. Rothwell and Mr T.G. Kernachan.

Other creditors include a loan from All Property Management Limited in the amount of £25,000 (2023 - £265,781). The loan is interest free, unsecured and repayable on demand.

The company is related to Running Wild Ltd by virtue of the common shareholding of Mr W.K.J. Habergham and Mr K.S. Allen.

Other creditors include a loan from Running Wild Ltd in the amount of £25,000 (2023 £250,375). The loan is interest free, unsecured and repayable on demand.

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £1,240,248 (2023 - £1,366,815). Financial commitments comprise £20,248 (2023 - £26,815) relating to operating lease commitments expiring in less than five years and £1,220,000 (2023 - £1,340,000) expiring in more than five years.