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REGISTERED NUMBER: 02082360 (England and Wales)















SWALES LEEMAR LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2024






SWALES LEEMAR LIMITED (REGISTERED NUMBER: 02082360)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SWALES LEEMAR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: S R Dean





SECRETARY: S R Dean





REGISTERED OFFICE: Swalesmoor Farm
Swalesmoor Road
Halifax
West Yorkshire
HX3 6UF





REGISTERED NUMBER: 02082360 (England and Wales)





AUDITORS: Xeinadin Audit Limited
Sidings House
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

SWALES LEEMAR LIMITED (REGISTERED NUMBER: 02082360)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 105,000 105,000

CURRENT ASSETS
Debtors 5 650 -
Cash at bank 85 366
735 366
CREDITORS
Amounts falling due within one year 6 135,767 127,406
NET CURRENT LIABILITIES (135,032 ) (127,040 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(30,032

)

(22,040

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (30,132 ) (22,140 )
(30,032 ) (22,040 )

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 director and authorised for issue on 30 January 2025 and were signed by:





S R Dean - Director


SWALES LEEMAR LIMITED (REGISTERED NUMBER: 02082360)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Swales Leemar Limited (registered number 02082360) is a private limited company limited by shares and registered in England and Wales.

The address of its registered office is:
Swalesmoor Farm,
Swalesmoor Road,
Halifax,
West Yorkshire,
HX3 6UF.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes for rents received.

Investment property

Investment property is carried at fair value determined annually by the directors given their knowledge of the industry and market prices. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.

Taxation
Taxation for the year comprises current 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 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.

SWALES LEEMAR LIMITED (REGISTERED NUMBER: 02082360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of Comprehensive Income within 'other operating income'.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Going concern

The directors have received assurances from other group company members of ongoing financial support for a period of at least 12 months from the date of approval of these financial statements and therefore have reasonable expectations that the company has adequate resources to continue in operation for the foreseeable future. Thus the going concern basis of accounting and preparing annual financial statements has been adopted.

3. EMPLOYEES AND DIRECTORS

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

SWALES LEEMAR LIMITED (REGISTERED NUMBER: 02082360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 105,000
NET BOOK VALUE
At 30 April 2024 105,000
At 30 April 2023 105,000

The 2023 valuations were made by the Director, on an open market for existing use basis.

If the investment properties had been accounted for under historic cost accounting rules, the properties would have been measured at £46,250 (2022: £46,250).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 650 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 135,667 127,306
Taxation and social security 100 100
135,767 127,406

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

The Report of the Auditors was unqualified.

Kelvin Fitton BA FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

8. ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Leo Group Holdings Midco Limited, a company registered in Jersey, and the ultimate parent company is Leo Group Family Holdings Limited, also registered in Jersey. The ultimate controlling party is Mr D S Sawrij.