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Registration number: 07305224

Levicticus D Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Levicticus D Ltd

(Registration number: 07305224)
Balance Sheet as at 30 November 2023

Note

30 November 2023
 £

30 November 2022
 £

Fixed assets

 

Investment property

4

395,595

395,595

Current assets

 

Debtors

5

242,866

682,063

Cash at bank and in hand

 

553,382

303,188

 

796,248

985,251

Creditors: Amounts falling due within one year

6

(4,056)

(119,431)

Net current assets

 

792,192

865,820

Net assets

 

1,187,787

1,261,415

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

1,187,786

1,261,414

Total equity

 

1,187,787

1,261,415

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 25 November 2024
 


D H Levick
Director

 

Levicticus D Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Windsor House
Bayshill Road
Cheltenham
GL50 3AT

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 section 1A - 'the Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

Judgements and estimation uncertainty

These financial statements do not contain any significant judgements or estimation uncertainty

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measure reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Levicticus D Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

4

Investment properties

£

At 1 December 2022 and 30 November 2023

395,595

There has been no valuation of investment property by an independent valuer.

 

5

Debtors

Note

30 November 2023
 £

30 November 2022
 £

Amounts owed by related parties

7

50,036

51,649

Other debtors

 

192,830

630,414

   

242,866

682,063

 

6

Creditors

Note

30 November 2023
 £

30 November 2022
 £

Due within one year

 

Accrued expenses

 

4,056

1,854

Corporation tax liability

-

117,577

 

4,056

119,431

 

Levicticus D Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

 

7

Related party transactions

Summary of transactions with directors

At 30 November 2023, the director D H Levick owed the company £50,036 (2022: £51,649) in the form of a director's loan account. No interest was charged on the loan and it is repayable on demand.