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REGISTERED NUMBER: 07127355 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

LEVITT UK REAL ESTATE LIMITED

LEVITT UK REAL ESTATE LIMITED (REGISTERED NUMBER: 07127355)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LEVITT UK REAL ESTATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







Directors: Mr Reader
Ms E C Price





Secretary: Vistra Cosec Limited





Registered office: First Floor, Templeback
10 Temple Back
Bristol
BS1 6FL





Registered number: 07127355 (England and Wales)





Accountants: Vistra Trust Company Limited
First Floor, Templeback
10 Temple back
Bristol
BS1 6FL

LEVITT UK REAL ESTATE LIMITED (REGISTERED NUMBER: 07127355)

BALANCE SHEET
30 JUNE 2024

30/6/24 30/6/23
as restated
Notes £    £   
FIXED ASSETS
Investments 4 324,337 6,324,337

CURRENT ASSETS
Debtors 5 1,247,395 762,515
Investments 6 3,933,459 7,734,420
Cash at bank 29,561 108,418
5,210,415 8,605,353
CREDITORS
Amounts falling due within one year 7 (257,096 ) (1,005,958 )
NET CURRENT ASSETS 4,953,319 7,599,395
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,277,656

13,923,732

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Capital redemption reserve 1,170,883 1,170,883
Retained earnings 4,101,773 12,747,849
5,277,656 13,923,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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:





Mr Reader - Director


LEVITT UK REAL ESTATE LIMITED (REGISTERED NUMBER: 07127355)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Levitt UK Real Estate 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.

The company’s functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

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.

Investments
Investments are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Current assets investments
The investments in securities are recorded at market value. Changes in the values are recorded in the profit and loss account.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

LEVITT UK REAL ESTATE LIMITED (REGISTERED NUMBER: 07127355)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. FIXED ASSET INVESTMENTS

30/6/24 30/6/23
as restated
£    £   
Shares in group undertakings 501 501
Participating interests 77 77
Other investments not loans - 6,000,000
Other loans 323,759 323,759
324,337 6,324,337

Additional information is as follows:
Shares in Interest
group in joint
undertakings venture Totals
£    £    £   
Cost
At 1 July 2023
and 30 June 2024 501 77 578
Net book value
At 30 June 2024 501 77 578
At 30 June 2023 501 77 578

Investments (neither listed nor unlisted) were as follows:
30/6/24 30/6/23
as restated
£    £   
Brought forward 6,000,000 6,000,000
Impairment (6,000,000 ) -
- 6,000,000
Other
loans
£   
At 1 July 2023
and 30 June 2024 323,759

The directors have impaired the value of the other investments to nil. Conditions at the balance sheet date gave rise to the directors' opinion that the investment had no value and the original cost of the investment is unlikely to be recovered.

Prior to the date of signing these financial statements it has been confirmed that these investments have been placed in liquidation.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
as restated
£    £   
Other debtors 1,247,395 762,515

6. CURRENT ASSET INVESTMENTS
30/6/24 30/6/23
as restated
£    £   
Other investments 3,933,459 7,734,420

Current assets investments represent investments to be sold within a year.

LEVITT UK REAL ESTATE LIMITED (REGISTERED NUMBER: 07127355)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
as restated
£    £   
Bank loans and overdrafts 982 -
Trade creditors - 398
Amounts owed to group undertakings 104,824 104,824
Other creditors 151,290 900,736
257,096 1,005,958

8. ULTIMATE CONTROLLING PARTY

The immediate controlling party is Levittsystems Building Corporation Limited, with the registered office at
Wickham Cay II, Vistra Corporate Services Centre, VG111 Tortola-Road Town, British Virgin Islands.

The ultimate controlling party is The Tigom Trust.