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REGISTERED NUMBER: 10352815 (England and Wales)















LEAF PROPERTIES (NW) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024






LEAF PROPERTIES (NW) LIMITED (REGISTERED NUMBER: 10352815)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LEAF PROPERTIES (NW) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: S M Maher
C S Maher





REGISTERED OFFICE: The Exchange
5 Bank Street
Bury
BL9 0DN





REGISTERED NUMBER: 10352815 (England and Wales)





ACCOUNTANTS: DJH Bury Limited
The Exchange
5 Bank Street
Bury
BL9 0DN

LEAF PROPERTIES (NW) LIMITED (REGISTERED NUMBER: 10352815)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 25,104 29,555
Investment property 5 1,339,950 830,171
1,365,054 859,726

CURRENT ASSETS
Cash at bank 7,189 36,939

CREDITORS
Amounts falling due within one year 6 (248,727 ) (270,983 )
NET CURRENT LIABILITIES (241,538 ) (234,044 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,123,516

625,682

CREDITORS
Amounts falling due after more than one
year

7

(654,668

)

(654,537

)

PROVISIONS FOR LIABILITIES (127,445 ) -
NET ASSETS/(LIABILITIES) 341,403 (28,855 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 341,303 (28,955 )
341,403 (28,855 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

LEAF PROPERTIES (NW) LIMITED (REGISTERED NUMBER: 10352815)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:





S M Maher - Director


LEAF PROPERTIES (NW) LIMITED (REGISTERED NUMBER: 10352815)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Leaf Properties (NW) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 10352815 and the registered office address is The Exchange, 5 Bank Street, Bury, BL9 0DN.

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.

Going concern
The directors report that after making enquiries, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In making this assessment the directors have taken into account available bank and other facilities and financial projections. For this reason they continue to adopt the going concern basis in preparing the financial statements.

Revenue
Revenue represents rental income receivable in respect of the accounting period, allocated on a straight line basis over the period of the lease.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the changes arise.

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement.

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 statement of financial position date.


LEAF PROPERTIES (NW) LIMITED (REGISTERED NUMBER: 10352815)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

Critical accounting estimates and judgments
In the application of the company's accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Using the judgment of the directors to determine the fair value of investment properties at the statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

LEAF PROPERTIES (NW) LIMITED (REGISTERED NUMBER: 10352815)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 44,511
DEPRECIATION
At 1 September 2023 14,956
Charge for year 4,451
At 31 August 2024 19,407
NET BOOK VALUE
At 31 August 2024 25,104
At 31 August 2023 29,555

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 830,171
Revaluations 509,779
At 31 August 2024 1,339,950
NET BOOK VALUE
At 31 August 2024 1,339,950
At 31 August 2023 830,171

The directors valued the properties using observable market data as at 31 August 2024.

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 509,779
Cost 830,171
1,339,950

LEAF PROPERTIES (NW) LIMITED (REGISTERED NUMBER: 10352815)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 2,790
Amounts owed to participating interests 155,000 -
Taxation and social security 72 4,148
Other creditors 93,655 264,045
248,727 270,983

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 654,668 654,537

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 299,936 654,537

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 654,668 654,537

There is a charge secured on the investment properties of the company in relation to the bank loans.