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REGISTERED NUMBER: 10039438 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Leabody Limited

Leabody Limited (Registered number: 10039438)






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


Leabody Limited

Company Information
for the Year Ended 31 MARCH 2024







DIRECTOR: W A Leabody





REGISTERED OFFICE: Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW





REGISTERED NUMBER: 10039438 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW

Leabody Limited (Registered number: 10039438)

Balance Sheet
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,753 -

CURRENT ASSETS
Stocks 1,700,000 -
Debtors 5 61,062 -
Cash at bank 390,936 315,450
2,151,998 315,450
CREDITORS
Amounts falling due within one year 6 1,761,075 17,253
NET CURRENT ASSETS 390,923 298,197
TOTAL ASSETS LESS CURRENT
LIABILITIES

392,676

298,197

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 392,576 298,097
SHAREHOLDERS' FUNDS 392,676 298,197

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 director acknowledges his 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 director and authorised for issue on 10 March 2025 and were signed by:





W A Leabody - Director


Leabody Limited (Registered number: 10039438)

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

1. STATUTORY INFORMATION

Leabody 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.

Turnover
Turnover represents the net invoiced amount of fees received in respect of managing and promoting artists and their music.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Leabody Limited (Registered number: 10039438)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 2,337
At 31 March 2024 2,337
DEPRECIATION
Charge for year 584
At 31 March 2024 584
NET BOOK VALUE
At 31 March 2024 1,753

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 61,062 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Sundry loan 1,706,048 -
Tax 24,516 7,800
Directors' current accounts 1,911 2,953
Accrued expenses 28,600 6,500
1,761,075 17,253

During the year the company obtained a loan totalling £1,706,048 for the purchase of musical equipment for rental. The loan was repaid in full on 10 December 2024.

7. SECURED DEBTS

The sundry loan is secured on the musical equipment purchased.

8. ULTIMATE CONTROLLING PARTY

The controlling party is W A Leabody.