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REGISTERED NUMBER: 01241164 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

P W LEEMAN LIMITED

P W LEEMAN LIMITED (REGISTERED NUMBER: 01241164)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P W LEEMAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: R B Leeman
A R Leeman
L B Leeman





SECRETARY: R B Leeman





REGISTERED OFFICE: Second Floor South
The Fitted Rigging House
Anchor Wharf, The Historic Dockyard
Chatham
Kent
ME4 4TZ





REGISTERED NUMBER: 01241164 (England and Wales)





AUDITORS: Carleys
Statutory Auditor
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ

P W LEEMAN LIMITED (REGISTERED NUMBER: 01241164)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,670,000 3,670,000

CURRENT ASSETS
Debtors 5 8,809 12,696
Cash at bank 759,383 663,501
768,192 676,197
CREDITORS
Amounts falling due within one year 6 33,441 52,300
NET CURRENT ASSETS 734,751 623,897
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,404,751

4,293,897

PROVISIONS FOR LIABILITIES 598,223 598,121
NET ASSETS 3,806,528 3,695,776

CAPITAL AND RESERVES
Called up share capital 7 89,637 89,637
Share premium 92,301 92,301
Fair value reserves 2,530,626 2,530,626
Capital redemption reserve 10,363 10,363
Retained earnings 1,083,601 972,849
SHAREHOLDERS' FUNDS 3,806,528 3,695,776

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 28 November 2024 and were signed on its behalf by:





R B Leeman - Director


P W LEEMAN LIMITED (REGISTERED NUMBER: 01241164)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

P W Leeman 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.

Significant judgements and estimates
The fair value of the company's investment property has been estimated based on a previous valuation completed by a Chartered Surveyor and the director's belief that there have been no impairments since then.

Turnover
Turnover represents amounts receivable for rent net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment properties
Investment properties are included in the financial statements at fair value. Gains and losses are recognised in the income statement. Deferred taxation is provided on these gains and losses at the rate expected to apply when the properties are sold.

Current and deferred 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.

Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the Balance sheet date.

Current tax is recognised at the amount of tax payable using the tax rates and laws that 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 March 2023
and 29 February 2024 3,670,000
NET BOOK VALUE
At 29 February 2024 3,670,000
At 28 February 2023 3,670,000

The investment properties have been measured at fair value which is the open market value of the properties. The fair value adjustment has been taken through to the profit and loss account.

P W LEEMAN LIMITED (REGISTERED NUMBER: 01241164)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 8,809 12,696

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 17 83
Taxation and social security 8,083 25,537
Other creditors 25,341 26,680
33,441 52,300

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
16,666 Ordinary A £1 16,666 16,666
50,000 Ordinary B £1 50,000 50,000
11,000 Ordinary C £1 11,000 11,000
971 Ordinary D £1 971 971
11,000 Ordinary E £1 11,000 11,000
89,637 89,637

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Claire Ralph (Senior Statutory Auditor)
for and on behalf of Carleys

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the parent company Benfleet Scrap Co Limited, whose registered office is the same as P W Leeman Limited.