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Registration number: 01255410

Leonards Wholesale Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 June 2024

 

Leonards Wholesale Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Abridged Profit and Loss Account

4

Statement of Comprehensive Income

5

Abridged Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Abridged Financial Statements

8 to 10

 

Leonards Wholesale Limited

Company Information

Director

Mrs D Leonard

Registered office

The Cedars
Kenelm Drive
Leckhampton
Cheltenham
Gloucestershire
GL53 0JR

Accountants

Holberton & Co
Nortonbury House
37 High Street
Tewkesbury
Gloucestershire
GL20 5BB

 

Leonards Wholesale Limited

Director's Report for the Year Ended 30 June 2024

The director presents her report and the abridged financial statements for the year ended 30 June 2024.

Director of the company

The director who held office during the year was as follows:

Mrs D Leonard

Principal activity

The principal activity of the company is that of a holding company.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 18 February 2025
 

.........................................
Mrs D Leonard
Director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Leonards Wholesale Limited
for the Year Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Leonards Wholesale Limited for the year ended 30 June 2024 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Leonards Wholesale Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Leonards Wholesale Limited and state those matters that we have agreed to state to the Board of Directors of Leonards Wholesale Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Leonards Wholesale Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Leonards Wholesale Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Leonards Wholesale Limited. You consider that Leonards Wholesale Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Leonards Wholesale Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Holberton & Co
Nortonbury House
37 High Street
Tewkesbury
Gloucestershire
GL20 5BB

18 February 2025

 

Leonards Wholesale Limited

Abridged Profit and Loss Account for the Year Ended 30 June 2024

Note

2024
£

2023
£

Gross profit/(loss)

 

-

-

Income from shares in group undertakings

 

62,720

43,120

Profit before tax

4

62,720

43,120

Profit for the financial year

 

62,720

43,120

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Leonards Wholesale Limited

Statement of Comprehensive Income for the Year Ended 30 June 2024

2024
£

2023
£

Profit for the year

62,720

43,120

Total comprehensive income for the year

62,720

43,120

 

Leonards Wholesale Limited

(Registration number: 01255410)
Abridged Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

5

98

98

Current assets

 

Cash at bank and in hand

 

10,646

10,646

Creditors: Amounts falling due within one year

(529)

(529)

Net current assets

 

10,117

10,117

Net assets

 

10,215

10,215

Capital and reserves

 

Called up share capital

7

10,215

10,215

Shareholders' funds

 

10,215

10,215

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 18 February 2025
 

.........................................
Mrs D Leonard
Director

 

Leonards Wholesale Limited

Statement of Changes in Equity for the Year Ended 30 June 2024

Share capital
£

Retained earnings
£

Total
£

At 1 July 2023

10,215

-

10,215

Profit for the year

-

62,720

62,720

Dividends

-

(62,720)

(62,720)

At 30 June 2024

10,215

-

10,215

Share capital
£

Retained earnings
£

Total
£

At 1 July 2022

10,215

-

10,215

Profit for the year

-

43,120

43,120

Dividends

-

(43,120)

(43,120)

At 30 June 2023

10,215

-

10,215

 

Leonards Wholesale Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Cedars
Kenelm Drive
Leckhampton
Cheltenham
Gloucestershire
GL53 0JR

These financial statements were authorised for issue by the director on 18 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Leonards Wholesale Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Income from shares in group undertakings

(62,720)

(43,120)

5

Investments

Total
£

Cost or valuation

At 1 July 2023

98

Provision

Carrying amount

At 30 June 2024

98

At 30 June 2023

98

 

Leonards Wholesale Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

2024
£

2023
£

6

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

8

Dividends

2024

2023

£

£

Interim dividend of £Nil (2023 - £4.2212) per ordinary share

62,720

43,120