IRIS Accounts Production v24.3.0.553 07489826 director 1.2.23 31.1.24 31.1.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074898262023-01-31074898262024-01-31074898262023-02-012024-01-31074898262022-01-31074898262022-02-012023-01-31074898262023-01-3107489826ns15:EnglandWales2023-02-012024-01-3107489826ns14:PoundSterling2023-02-012024-01-3107489826ns10:Director12023-02-012024-01-3107489826ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3107489826ns10:SmallEntities2023-02-012024-01-3107489826ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3107489826ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3107489826ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3107489826ns10:FullAccounts2023-02-012024-01-3107489826ns10:OrdinaryShareClass12023-02-012024-01-3107489826ns10:RegisteredOffice2023-02-012024-01-3107489826ns5:CurrentFinancialInstruments2024-01-3107489826ns5:CurrentFinancialInstruments2023-01-3107489826ns5:Non-currentFinancialInstruments2024-01-3107489826ns5:Non-currentFinancialInstruments2023-01-3107489826ns5:ShareCapital2024-01-3107489826ns5:ShareCapital2023-01-3107489826ns5:RevaluationReserve2024-01-3107489826ns5:RevaluationReserve2023-01-3107489826ns5:RetainedEarningsAccumulatedLosses2024-01-3107489826ns5:RetainedEarningsAccumulatedLosses2023-01-3107489826ns5:FurnitureFittings2023-02-012024-01-3107489826ns5:FurnitureFittings2023-01-3107489826ns5:FurnitureFittings2024-01-3107489826ns5:FurnitureFittings2023-01-3107489826ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3107489826ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3107489826ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-01-3107489826ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-01-3107489826ns5:Secured2024-01-3107489826ns5:Secured2023-01-3107489826ns10:OrdinaryShareClass12024-01-3107489826ns5:RetainedEarningsAccumulatedLosses2023-01-3107489826ns5:RevaluationReserve2023-01-3107489826ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-31
REGISTERED NUMBER: 07489826 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

LEAFIELD ESTATES LTD

LEAFIELD ESTATES LTD (REGISTERED NUMBER: 07489826)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEAFIELD ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mrs R Kalish





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 07489826 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

LEAFIELD ESTATES LTD (REGISTERED NUMBER: 07489826)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,564 5,370
Investment property 5 2,624,588 2,607,199
2,629,152 2,612,569

CURRENT ASSETS
Debtors 6 52,122 12,811
Cash at bank 12,699 17,008
64,821 29,819
CREDITORS
Amounts falling due within one year 7 (859,857 ) (820,797 )
NET CURRENT LIABILITIES (795,036 ) (790,978 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,834,116

1,821,591

CREDITORS
Amounts falling due after more than one
year

8

(1,050,327

)

(1,072,575

)
NET ASSETS 783,789 749,016

CAPITAL AND RESERVES
Called up share capital 10 1 1
Revaluation reserve 11 200,000 200,000
Retained earnings 11 583,788 549,015
SHAREHOLDERS' FUNDS 783,789 749,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

LEAFIELD ESTATES LTD (REGISTERED NUMBER: 07489826)

BALANCE SHEET - continued
31 JANUARY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 January 2025 and were signed by:





Mrs R Kalish - Director


LEAFIELD ESTATES LTD (REGISTERED NUMBER: 07489826)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Leafield Estates Ltd 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 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 represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

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

LEAFIELD ESTATES LTD (REGISTERED NUMBER: 07489826)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2023
and 31 January 2024 14,318
DEPRECIATION
At 1 February 2023 8,948
Charge for year 806
At 31 January 2024 9,754
NET BOOK VALUE
At 31 January 2024 4,564
At 31 January 2023 5,370

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 2,607,199
Additions 17,389
At 31 January 2024 2,624,588
NET BOOK VALUE
At 31 January 2024 2,624,588
At 31 January 2023 2,607,199

The directors have confirmed that there is no significant increase or decrease in the property market value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 5,469 5,775
Other debtors 46,653 7,036
52,122 12,811

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Tax 8,346 13,096
Social security and other taxes 357 139
Other creditors 848,394 804,982
Accrued expenses 2,760 2,580
859,857 820,797

LEAFIELD ESTATES LTD (REGISTERED NUMBER: 07489826)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans more 5 yr by instal 736,208 743,739
Bank loan 141,241 143,946
Bank loan 172,878 184,890
1,050,327 1,072,575

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 736,208 743,739
Bank loan 141,241 143,946
Bank loan 172,878 184,890
1,050,327 1,072,575

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 1,050,327 1,072,575

Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2023 549,015 200,000 749,015
Profit for the year 34,773 34,773
At 31 January 2024 583,788 200,000 783,788

12. RELATED PARTY DISCLOSURES

Other Creditors (Note 9) relates to amounts due to companies connected to the director and his family members. The loans are interest free and payable on demand.

LEAFIELD ESTATES LTD (REGISTERED NUMBER: 07489826)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs R Kalish.