Caseware UK (AP4) 2023.0.135 2023.0.135 No description of principal activity2023-03-01false66falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02566346 2023-03-01 2024-02-29 02566346 2024-02-29 02566346 2022-03-01 2023-02-28 02566346 2023-02-28 02566346 c:Director1 2023-03-01 2024-02-29 02566346 d:PlantMachinery 2023-03-01 2024-02-29 02566346 d:PlantMachinery 2024-02-29 02566346 d:PlantMachinery 2023-02-28 02566346 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 02566346 d:MotorVehicles 2023-03-01 2024-02-29 02566346 d:MotorVehicles 2024-02-29 02566346 d:MotorVehicles 2023-02-28 02566346 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 02566346 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 02566346 d:FreeholdInvestmentProperty 2024-02-29 02566346 d:FreeholdInvestmentProperty 2023-02-28 02566346 d:CurrentFinancialInstruments 2024-02-29 02566346 d:CurrentFinancialInstruments 2023-02-28 02566346 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 02566346 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 02566346 d:ShareCapital 2024-02-29 02566346 d:ShareCapital 2023-02-28 02566346 d:SharePremium 2024-02-29 02566346 d:SharePremium 2023-02-28 02566346 d:RetainedEarningsAccumulatedLosses 2024-02-29 02566346 d:RetainedEarningsAccumulatedLosses 2023-02-28 02566346 c:OrdinaryShareClass1 2023-03-01 2024-02-29 02566346 c:OrdinaryShareClass1 2024-02-29 02566346 c:OrdinaryShareClass1 2023-02-28 02566346 c:FRS102 2023-03-01 2024-02-29 02566346 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 02566346 c:FullAccounts 2023-03-01 2024-02-29 02566346 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 02566346 2 2023-03-01 2024-02-29 02566346 6 2023-03-01 2024-02-29 02566346 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 02566346













Leveys Holdings Limited

Financial statements
Information for filing with the registrar

29 February 2024




 
Leveys Holdings Limited


Balance sheet
At 29 February 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
51,631
22,864

Investment property
 5 
550,000
550,000

  
601,631
572,864

Current assets
  

Debtors
 6 
27,823
16,651

Current asset investments
 7 
1,629,906
1,289,419

Bank and cash balances
  
714,388
1,182,864

  
2,372,117
2,488,934

Creditors: amounts falling due within one year
 8 
(24,328)
(25,457)

Net current assets
  
 
 
2,347,789
 
 
2,463,477

Total assets less current liabilities
  
2,949,420
3,036,341

  

Net assets
  
2,949,420
3,036,341


Capital and reserves
  

Called up share capital 
 9 
905
905

Share premium account
  
2,244,245
2,244,245

Profit and loss account
  
704,270
791,191

  
2,949,420
3,036,341


1

 
Leveys Holdings Limited

    
Balance sheet (continued)
At 29 February 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 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 comprehensive income 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 20 November 2024.




K C Clifford
Director

Company registered number: 02566346
The notes on pages 3 to 6 form part of these financial statements. 
2

 
Leveys Holdings Limited
 
 

Notes to the financial statements
Year ended 29 February 2024

1.


General information

Leveys Holdings Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is Sandgate House, 102 Quayside, Newcastle upon Tyne, NE1 3DX. 

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006. 

The following principal accounting policies have been applied:

 
2.2

Revenue recognition

Revenue comprises rental income receivable during the year. Rentals recieved under operating leases are charged on a straight line basis over the lease term. Incentives for lessees to enter into lease agreements (such as rent-free periods or capital contributions) are spread evenly over the lease term, even if payments are not made on such basis.                                                                

Interest receivable is recognised on an accruals basis and is not turnover.  

 
2.3

Consolidation

The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3

 
Leveys Holdings Limited
 

 
Notes to the financial statements
Year ended 29 February 2024

2.Accounting policies (continued)

 
2.5

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.

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.

The estimated useful lives range as follows:

Plant and machinery
-
3-4 years
Motor vehicles
-
4 years

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.

 
2.6

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. Changes in fair value are recognised in profit or loss

 
2.7

Valuation of investments

Investments are carried at cost unless in the opinion of the directors this value is permanently impaired, in which case appropriate charge is made to the profit and loss account.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employee numbers

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).

4

 
Leveys Holdings Limited
 
 

Notes to the financial statements
Year ended 29 February 2024

4.


Tangible fixed assets







Plant and machinery
Motor vehicles
Total

£
£
£



Cost 


At 1 March 2023
8,188
132,417
140,605


Additions
1,091
40,538
41,629


Disposals
-
(30,667)
(30,667)



At 29 February 2024

9,279
142,288
151,567



Depreciation


At 1 March 2023
7,938
109,803
117,741


Charge for the year
318
12,544
12,862


Disposals
-
(30,667)
(30,667)



At 29 February 2024

8,256
91,680
99,936



Net book value



At 29 February 2024
1,023
50,608
51,631



At 28 February 2023
250
22,614
22,864


5.


Investment property





Freehold investment property

£



Valuation


At 1 March 2023
550,000



At 29 February 2024
550,000

Investment properties shown at their open market value based on the directors' valuation.




5

 
Leveys Holdings Limited
 
 

Notes to the financial statements
Year ended 29 February 2024

6.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
1,000
-

Prepayments and accrued income
25,073
12,263

Deferred taxation
1,750
4,388

27,823
16,651



7.


Current asset investments

29 February
28 February
2024
2023
£
£

Listed investments
1,629,906
1,289,419

1,629,906
1,289,419



8.


Creditors: amounts falling due within one year

29 February
28 February
2024
2023
£
£

Corporation tax
5,638
836

Other taxation and social security
1,816
3,898

Other creditors
2,062
8,050

Accruals and deferred income
14,812
12,673

24,328
25,457



9.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



905 (2023 - 905) Ordinary shares of £1.00 each
905
905


 
6