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REGISTERED NUMBER: SC356937 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LEBEDIS LIMITED

LEBEDIS LIMITED (REGISTERED NUMBER: SC356937)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

LEBEDIS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: Mr K Lebedis





REGISTERED OFFICE: 24 East Lodge Drive
Stonehaven
Aberdeenshire
AB39 3UB





REGISTERED NUMBER: SC356937 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

LEBEDIS LIMITED (REGISTERED NUMBER: SC356937)

STATEMENT OF FINANCIAL POSITION
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 116,677 94,151
116,677 94,151

CURRENT ASSETS
Debtors 6 93 11,500
Cash at bank 27,010 36,865
27,103 48,365
CREDITORS
Amounts falling due within one year 7 9,095 26,906
NET CURRENT ASSETS 18,008 21,459
TOTAL ASSETS LESS CURRENT
LIABILITIES

134,685

115,610

PROVISIONS FOR LIABILITIES 8 10,992 5,349
NET ASSETS 123,693 110,261

CAPITAL AND RESERVES
Called up share capital 10 10
Non-Distributable Reserves 32,399 15,526
Capital redemption reserve 25,743 25,743
Retained earnings 65,541 68,982
SHAREHOLDERS' FUNDS 123,693 110,261

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 director acknowledges his 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 director and authorised for issue on 25 November 2024 and were signed by:





Mr K Lebedis - Director


LEBEDIS LIMITED (REGISTERED NUMBER: SC356937)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Lebedis Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 33% on cost
Computer equipment - 33% on cost

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

LEBEDIS LIMITED (REGISTERED NUMBER: SC356937)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 15,291 945 16,236
DEPRECIATION
At 1 April 2023
and 31 March 2024 15,291 945 16,236
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 - - -

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 April 2023 94,151
Additions 994
Disposals (985 )
Revaluations 22,517
At 31 March 2024 116,677
NET BOOK VALUE
At 31 March 2024 116,677
At 31 March 2023 94,151

Cost or valuation at 31 March 2024 is represented by:

Listed
investments
£   
Valuation in 2015 11,178
Valuation in 2016 (315 )
Valuation in 2017 7,005
Valuation in 2018 (144 )
Valuation in 2019 1,100
Valuation in 2020 (8,641 )
Valuation in 2021 17,138
Valuation in 2022 2,537
Valuation in 2023 (8,985 )
Valuation in 2024 22,526
Cost 73,278
116,677

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 93 11,500

LEBEDIS LIMITED (REGISTERED NUMBER: SC356937)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security (116 ) 16,135
Other creditors 9,211 10,771
9,095 26,906

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 10,992 5,349

Deferred
tax
£   
Balance at 1 April 2023 5,349
Movement in year 5,643
Balance at 31 March 2024 10,992

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr K Lebedis
Balance outstanding at start of year (10,770 ) (3,129 )
Amounts advanced 1,871 1,768
Amounts repaid (312 ) (9,409 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,211 ) (10,770 )

This loan is interest free and has no fixed repayment period.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LEBEDIS LIMITED (REGISTERED NUMBER: SC356937)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lebedis Limited for the year ended 31 March 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Lebedis Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lebedis Limited and state those matters that we have agreed to state to the director of Lebedis Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Lebedis Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Lebedis Limited. You consider that Lebedis Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lebedis Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


25 November 2024