2023-04-012024-03-312024-03-31false11376152Leyton Property Holdings 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Leyton Property Holdings Ltd

Registered Number
11376152
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

Leyton Property Holdings Ltd
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Mandeep Singh Binning
Antonis Theori
Theoris Theori

Registered Address

2nd Floor 10-12 Bourlet Close
London
W1W 7BR

Place of Business

Olive Tree Centre

472A Larkshall Road

Higham's Park

London

E4 9HH


Registered Number

11376152 (England and Wales)
Leyton Property Holdings Ltd
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets34,200,0004,200,000
4,200,0004,200,000
Current assets
Debtors4217,169195,128
Cash at bank and on hand13,85120,431
231,020215,559
Creditors amounts falling due within one year5(902,522)(881,015)
Net current assets (liabilities)(671,502)(665,456)
Total assets less current liabilities3,528,4983,534,544
Creditors amounts falling due after one year6(1,355,825)(1,386,420)
Provisions for liabilities7(50,000)(50,000)
Net assets2,122,6732,098,124
Capital and reserves
Called up share capital9393
Share premium1,786,2191,786,219
Revaluation reserve150,000150,000
Profit and loss account186,361161,812
Shareholders' funds2,122,6732,098,124
The financial statements were approved and authorised for issue by the Board of Directors on 23 October 2024, and are signed on its behalf by:
Mandeep Singh Binning
Director
Registered Company No. 11376152
Leyton Property Holdings Ltd
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The financial statements 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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover represents the net value of the rent received as per rental agreements.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investment property
Investment Properties are stated at fair market valuations. Surplus or deficit arising on the revaluation are transferred to the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year04
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 April 234,200,0004,200,000
At 31 March 244,200,0004,200,000
Net book value
At 31 March 244,200,0004,200,000
At 31 March 234,200,0004,200,000
The valuation of the property has been carried out by the directors of the company and reflects the fair market value at the balance sheet date. The historical cost of the investment property is £4,000,000.
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables28,01027,557
Other debtors164,500164,500
Prepayments and accrued income24,6593,071
Total217,169195,128
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables27,9324,044
Bank borrowings and overdrafts32,52834,460
Taxation and social security5,75817,140
Other creditors827,750821,871
Accrued liabilities and deferred income8,5543,500
Total902,522881,015
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.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts1,355,8251,386,420
Total1,355,8251,386,420
The bank loans are secured against the property and personal quarantines are given by the directors.
7.Provisions for liabilities
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

2024

2023

££
Net deferred tax liability (asset)50,00050,000
Total50,00050,000