IRIS Accounts Production v24.3.2.46 03283695 Board of Directors Board of Directors 1.12.23 30.11.24 30.11.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh032836952023-11-30032836952024-11-30032836952023-12-012024-11-30032836952022-11-30032836952022-12-012023-11-30032836952023-11-3003283695ns14:PoundSterling2023-12-012024-11-3003283695ns10:Director12023-12-012024-11-3003283695ns10:Director22023-12-012024-11-3003283695ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3003283695ns10:SmallEntities2023-12-012024-11-3003283695ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3003283695ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3003283695ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3003283695ns10:FullAccounts2023-12-012024-11-3003283695ns10:Director32023-12-012024-11-3003283695ns10:CompanySecretary12023-12-012024-11-3003283695ns10:RegisteredOffice2023-12-012024-11-3003283695ns5:CurrentFinancialInstruments2024-11-3003283695ns5:CurrentFinancialInstruments2023-11-3003283695ns5:ShareCapital2024-11-3003283695ns5:ShareCapital2023-11-3003283695ns5:RetainedEarningsAccumulatedLosses2024-11-3003283695ns5:RetainedEarningsAccumulatedLosses2023-11-3003283695ns5:FurnitureFittings2023-12-012024-11-3003283695ns5:PlantMachinery2023-11-3003283695ns5:PlantMachinery2023-12-012024-11-3003283695ns5:PlantMachinery2024-11-3003283695ns5:PlantMachinery2023-11-30
REGISTERED NUMBER: 03283695















Leading Edge Properties Limited

Unaudited Financial Statements for the Year Ended 30 November 2024






Leading Edge Properties Limited (Registered number: 03283695)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Leading Edge Properties Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr L Pitharas
Mr Y Constantinou
Mr J Langshaw





SECRETARY: Mr J D Langshaw





REGISTERED OFFICE: 97 Judd Street
London
WC1H 9JG





REGISTERED NUMBER: 03283695





ACCOUNTANTS: Chris Syrimis & Co
Chartered Certified Accountants
97 Judd Street
London
WC1H 9JG

Leading Edge Properties Limited (Registered number: 03283695)

Balance Sheet
30 November 2024

30/11/24 30/11/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 498 586
Investment property 5 1,800,000 1,800,000
1,800,498 1,800,586

CURRENT ASSETS
Cash at bank 52,015 31,234

CREDITORS
Amounts falling due within one year 6 165,970 163,403
NET CURRENT LIABILITIES (113,955 ) (132,169 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,686,543

1,668,417

PROVISIONS FOR LIABILITIES 242,448 242,448
NET ASSETS 1,444,095 1,425,969

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 1,443,795 1,425,669
SHAREHOLDERS' FUNDS 1,444,095 1,425,969

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Leading Edge Properties Limited (Registered number: 03283695)

Balance Sheet - continued
30 November 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 Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by:




Mr L Pitharas - Director



Mr Y Constantinou - Director


Leading Edge Properties Limited (Registered number: 03283695)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Leading Edge Properties Limited is a private company, limited by shares , registered in Not specified/Other. 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Leading Edge Properties Limited (Registered number: 03283695)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 29,266
DEPRECIATION
At 1 December 2023 28,680
Charge for year 88
At 30 November 2024 28,768
NET BOOK VALUE
At 30 November 2024 498
At 30 November 2023 586

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 1,800,000
NET BOOK VALUE
At 30 November 2024 1,800,000
At 30 November 2023 1,800,000

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2024 1,446,681
Cost 353,319
1,800,000

Leading Edge Properties Limited (Registered number: 03283695)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

30/11/24 30/11/23
£    £   
Cost 353,319 353,319

Investment Property was valued on an open market basis on 30 November 2024 by the directors .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Trade creditors 14,000 13,600
Rent deposit creditor 24,649 24,284
Tax 17,690 16,624
Directors' current accounts 106,956 106,420
Accrued expenses 2,675 2,475
165,970 163,403