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REGISTERED NUMBER: 11792883 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Leedex Group Limited

Leedex Group Limited (Registered number: 11792883)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Leedex Group Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: H Tayefi
Dr P Tayefi





REGISTERED OFFICE: Unit 4A, Lodge Works
Birchill Road
Knowsley Industrial Park
Liverpool
Merseyside
L33 7TD





REGISTERED NUMBER: 11792883 (England and Wales)





ACCOUNTANTS: Cobham Murphy PHD Limited
116 Duke Street
Liverpool
L1 5JW

Leedex Group Limited (Registered number: 11792883)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 128 256
Investments 5 1,118,308 750,903
1,118,436 751,159

CURRENT ASSETS
Debtors 6 237,218 205,100
Cash at bank 30,527 15,394
267,745 220,494
CREDITORS
Amounts falling due within one year 7 181,587 132,999
NET CURRENT ASSETS 86,158 87,495
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,204,594

838,654

PROVISIONS FOR LIABILITIES 279,199 142,384
NET ASSETS 925,395 696,270

CAPITAL AND RESERVES
Called up share capital 320 320
Revaluation reserve 8 837,596 607,006
Retained earnings 87,479 88,944
SHAREHOLDERS' FUNDS 925,395 696,270

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Leedex Group Limited (Registered number: 11792883)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





H Tayefi - Director


Leedex Group Limited (Registered number: 11792883)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Leedex Group Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 11792883 and the registered office is Unit 4A Lodge Works, Birchill Road, Knowsley Industrial Park, Liverpool L33 7TD.

The presentational and functional 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.

At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt a going concern basis of accounting in preparing the financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover represents net invoiced sales from management services and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised as the service is provided

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are initially recognised at cost. The directors then revalue the company's investments in its subsidiaries each year. The net asset basis is the method used for the valuation. Any aggregate surplus or deficit from changes in value are transferred to the revaluation reserve.

Financial instruments
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.

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.


Leedex Group Limited (Registered number: 11792883)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 640
DEPRECIATION
At 1 August 2023 384
Charge for year 128
At 31 July 2024 512
NET BOOK VALUE
At 31 July 2024 128
At 31 July 2023 256

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 August 2023 750,903
Revaluations 367,405
At 31 July 2024 1,118,308
NET BOOK VALUE
At 31 July 2024 1,118,308
At 31 July 2023 750,903

Leedex Group Limited (Registered number: 11792883)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 July 2024 is represented by:

Shares in
group
undertakings
£   
Valuation in 2021 479,510
Valuation in 2022 269,880
Valuation in 2024 367,405
Cost 1,513
1,118,308

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Amounts owed by participating interests 153,163 202,100
Other debtors 84,055 3,000
237,218 205,100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 68 -
Amounts owed to participating interests 51,441 -
Taxation and social security 264 -
Other creditors 129,814 132,999
181,587 132,999

8. RESERVES
Revaluation
reserve
£   
At 1 August 2023 607,006
Revaluation 230,590

At 31 July 2024 837,596

9. RELATED PARTY DISCLOSURES

Included within Other Debtors at the balance sheet date is £95,347 (2023: £115,997) owing from Leedex Construction Ltd, a company related by virtue of shareholdings.
Included within Other Creditors at the balance sheet date is £46,941 (2023: £28,537 debtor) owing from Leedex Properties Ltd, a company related by virtue of shareholdings.
These balances are due on demand therefore no interest has been charged.