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Company Registration No. 14123649 (England and Wales)
Levy Property Holdings Ltd Unaudited accounts for the year ended 31 May 2024
Levy Property Holdings Ltd Unaudited accounts Contents
Page
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Levy Property Holdings Ltd Company Information for the year ended 31 May 2024
Directors
Mrs B C Levy Mr G S Levy
Company Number
14123649 (England and Wales)
Registered Office
Whitfield House, St. Johns Road Meadowfield Industrial Estate Durham DH7 8XL England
Accountants
Accountants For The Trade (Durham) Ltd Whitfield House St Johns Road Meadowfield Industrial Estate Durham DH7 8XL
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Levy Property Holdings Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
59,362 
47,325 
Investment property
5,257,500 
5,257,500 
5,316,862 
5,304,825 
Current assets
Debtors
38,188 
55,918 
Cash at bank and in hand
21,855 
82,004 
60,043 
137,922 
Creditors: amounts falling due within one year
(11,002)
(54,999)
Net current assets
49,041 
82,923 
Total assets less current liabilities
5,365,903 
5,387,748 
Creditors: amounts falling due after more than one year
(2,005,632)
(2,000,000)
Net assets
3,360,271 
3,387,748 
Capital and reserves
Called up share capital
10,000 
10,000 
Share premium
3,394,617 
3,394,617 
Profit and loss account
(44,346)
(16,869)
Shareholders' funds
3,360,271 
3,387,748 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2025 and were signed on its behalf by
Mrs B C Levy Director Company Registration No. 14123649
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Levy Property Holdings Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Levy Property Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 14123649. The registered office is Whitfield House, St. Johns Road, Meadowfield Industrial Estate , Durham, DH7 8XL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Levy Property Holdings Ltd Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 June 2023
45,952 
- 
8,344 
- 
54,296 
Additions
155 
13,517 
12,197 
214 
26,083 
At 31 May 2024
46,107 
13,517 
20,541 
214 
80,379 
Depreciation
At 1 June 2023
5,858 
- 
1,113 
- 
6,971 
Charge for the year
8,047 
2,534 
3,429 
36 
14,046 
At 31 May 2024
13,905 
2,534 
4,542 
36 
21,017 
Net book value
At 31 May 2024
32,202 
10,983 
15,999 
178 
59,362 
At 31 May 2023
40,094 
- 
7,231 
- 
47,325 
5
Investment property
2024 
£ 
Fair value at 1 June 2023
5,257,500 
At 31 May 2024
5,257,500 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
38,188 
55,918 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
825 
550 
Obligations under finance leases and hire purchase contracts
4,506 
- 
Trade creditors
1,273 
4,096 
Loans from directors
4,398 
50,353 
11,002 
54,999 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,000,000 
2,000,000 
Obligations under finance leases and hire purchase contracts
5,632 
- 
2,005,632 
2,000,000 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000 
10,000 
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Levy Property Holdings Ltd Notes to the Accounts for the year ended 31 May 2024
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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