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REGISTERED NUMBER: 12428748 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Leevan Limited

Leevan Limited (Registered number: 12428748)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Leevan Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: M Pratt
Mrs G V Pratt
J Green
Mrs A L Green





REGISTERED OFFICE: Wayfarers Barn
Abbotstone Road
Fobdown
Alresford
Hampshire
SO24 9TD





REGISTERED NUMBER: 12428748 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA

Leevan Limited (Registered number: 12428748)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 198,872 65,250
Debtors 4 4,899 2,862
Cash at bank 158 -
203,929 68,112
CREDITORS
Amounts falling due within one year 5 224,457 85,816
NET CURRENT LIABILITIES (20,528 ) (17,704 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,528

)

(17,704

)

CAPITAL AND RESERVES
Called up share capital 6 36 36
Retained earnings (20,564 ) (17,740 )
SHAREHOLDERS' FUNDS (20,528 ) (17,704 )

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 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.

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 17 January 2025 and were signed on its behalf by:





M Pratt - Director


Leevan Limited (Registered number: 12428748)

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

1. STATUTORY INFORMATION

Leevan 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.

At the reporting date the company had a net liability position due to investment in land. The financial statements have been prepared on a going concern basis on the grounds that the company has the ongoing financial support of its directors and associated companies.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,036 1,036
VAT 3,863 1,826
4,899 2,862

Leevan Limited (Registered number: 12428748)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 196,706 58,065
Directors' current accounts 26,851 26,851
Accrued expenses 900 900
224,457 85,816

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
68 Ordinary 'A' 10p 7 7
148 Ordinary 'B' 10p 15 15
144 Ordinary 'C' 10p 14 14
36 36

The Ordinary 'B' shares and the Ordinary 'C' shares carry full voting rights, entitlement to dividends and any distribution made on a winding up of the company.

The Ordinary 'A' shares do not carry voting rights and distributions made on a winding up are restricted.

Dividends may be paid to the holders of one or more classes of shares to the exclusion of the other at the director's discretion.

7. RELATED PARTY DISCLOSURES

The directors maintain a loan account with the company. At the year end the company owed them £26,851 (2023 - £26,851).

The intercompany loans included within other creditors are unsecured and have been facilitated from companies under the control of some of the directors.