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REGISTERED NUMBER: 08536200 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LEVANTER (COBHAM) LIMITED

LEVANTER (COBHAM) LIMITED (REGISTERED NUMBER: 08536200)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LEVANTER (COBHAM) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: C M Manning
P M Weston





SECRETARIES: Mrs G A Manning
Mrs J Weston





REGISTERED OFFICE: The Loft
Shere Village Hall
Gomshall Lane
Shere
Surrey
GU5 9HE





REGISTERED NUMBER: 08536200 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

LEVANTER (COBHAM) LIMITED (REGISTERED NUMBER: 08536200)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,000,000 868,291

CURRENT ASSETS
Debtors 5 3,272 1,312
Cash at bank 39,764 39,658
43,036 40,970
CREDITORS
Amounts falling due within one year 6 189,337 265,955
NET CURRENT LIABILITIES (146,301 ) (224,985 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,853,699 643,306

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 8 1,853,696 643,303
1,853,699 643,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:





C M Manning - Director


LEVANTER (COBHAM) LIMITED (REGISTERED NUMBER: 08536200)

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


1. STATUTORY INFORMATION

Levanter (Cobham) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income receivable less Value Added Tax. Rental income is shown in the period in which it is due.

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

In accordance with FRS 102; Investment property is property (land or building, or part of a building, or both) held by the owner or by the lessee under a finance lease to earn rentals or for capital appreciation or both. An entity shall measure investment property at its initial recognition. The cost of a purchased investment property comprises its purchase price and any directly attributable expenditure such as legal and brokerage fees, property transfer taxes and other transaction costs. Investment property whose fair value can be measured reliably without undue cost or effort shall be measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The directors consider that the value included in the accounts is a fair valuation of the property's market value at the balance sheet date.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 868,291
Revaluations 1,131,709
At 31 March 2024 2,000,000
NET BOOK VALUE
At 31 March 2024 2,000,000
At 31 March 2023 868,291

LEVANTER (COBHAM) LIMITED (REGISTERED NUMBER: 08536200)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 1,131,709
Cost 868,291
2,000,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,785 -
Other debtors 1,487 1,312
3,272 1,312

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 32,247 25,626
Other creditors 157,090 240,329
189,337 265,955

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Other creditors 115,000 200,000

There is a fixed charge registered on 22 December 2014 over the investment property held by the company.

8. RESERVES
Retained
earnings
£   

At 1 April 2023 643,303
Profit for the year 1,210,393
At 31 March 2024 1,853,696

LEVANTER (COBHAM) LIMITED (REGISTERED NUMBER: 08536200)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. SHARE CAPITAL

Alloted issued and fully paid:
Number: Class: Nominal Value: 31.03.24 31.03.23

150 Ordinary £0.01 £1.50 £1.50
150 A- Ordinary £0.01 £1.50 £1.50

£3.00 £3.00