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REGISTERED NUMBER: SC633415 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Leach Holdings Scotland Ltd

Leach Holdings Scotland Ltd (Registered number: SC633415)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Leach Holdings Scotland Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs H Leach
S E Leach





REGISTERED OFFICE: 15 Queen Street
Edinburgh
EH2 1JE





REGISTERED NUMBER: SC633415 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

Leach Holdings Scotland Ltd (Registered number: SC633415)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 737,266 221,253
Investment property 5 8,564,351 5,993,944
9,301,617 6,215,197

CURRENT ASSETS
Debtors 6 142,156 55,025
Cash at bank and in hand 55,141 198,436
197,297 253,461
CREDITORS
Amounts falling due within one year 7 9,080,460 6,324,698
NET CURRENT LIABILITIES (8,883,163 ) (6,071,237 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

418,454

143,960

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 418,354 143,860
418,454 143,960

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 25 February 2025 and were signed on its behalf by:





S E Leach - Director


Leach Holdings Scotland Ltd (Registered number: SC633415)

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

1. STATUTORY INFORMATION

Leach Holdings Scotland Ltd is a private company, limited by shares , registered in Scotland. 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.

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.
Plant and machinery etc - 33% on cost, 20% on cost and 20% 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 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.

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 3 (2023 - 4 ) .

Leach Holdings Scotland Ltd (Registered number: SC633415)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 157,307 30,323 14,119
Additions 480,792 6,222 63,159
Disposals (1,011 ) - -
At 31 March 2024 637,088 36,545 77,278
DEPRECIATION
At 1 April 2023 - 12,741 3,955
Charge for year - 11,267 7,946
Eliminated on disposal - - -
At 31 March 2024 - 24,008 11,901
NET BOOK VALUE
At 31 March 2024 637,088 12,537 65,377
At 31 March 2023 157,307 17,582 10,164

Motor Computer
vehicles equipments Totals
£    £    £   
COST
At 1 April 2023 49,000 - 250,749
Additions - 9,682 559,855
Disposals (24,000 ) - (25,011 )
At 31 March 2024 25,000 9,682 785,593
DEPRECIATION
At 1 April 2023 12,800 - 29,496
Charge for year 3,400 1,018 23,631
Eliminated on disposal (4,800 ) - (4,800 )
At 31 March 2024 11,400 1,018 48,327
NET BOOK VALUE
At 31 March 2024 13,600 8,664 737,266
At 31 March 2023 36,200 - 221,253

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 5,993,944
Additions 2,570,407
At 31 March 2024 8,564,351
NET BOOK VALUE
At 31 March 2024 8,564,351
At 31 March 2023 5,993,944

Leach Holdings Scotland Ltd (Registered number: SC633415)

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

5. INVESTMENT PROPERTY - continued

Investment property was valued by the directors at 31st March 2024 and is not considered to be materially different from market value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 120,478 46,103
Amounts owed by group undertakings 13,541 -
Other debtors 8,137 8,922
142,156 55,025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 102,677 81,175
Amounts owed to group undertakings - 1,020
Taxation and social security 200,419 107,557
Other creditors 8,777,364 6,134,946
9,080,460 6,324,698