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Registered number: 15054213
















LEADING EDGE TRADING LIMITED



FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD FROM INCORPORATION ON 7 AUGUST 2023 TO 31 AUGUST 2024


































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LEADING EDGE TRADING LIMITED
REGISTERED NUMBER:15054213

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
2

Cash at bank and in hand
 5 
183

  
185

Creditors: amounts falling due within one year
 6 
(15,399)

Net current liabilities
  
 
 
(15,214)

Total assets less current liabilities
  
(15,214)

  

Net liabilities
  
(15,214)


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
(15,215)

  
(15,214)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





Lorna Trudgeon
Director

Date: 11 March 2025

The notes on pages 2 to 4 form part of these financial statements.
Page 1


LEADING EDGE TRADING LIMITED

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

1.


GENERAL INFORMATION

Leading Edge Trading Limited (Company registration number 15054213) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The principal activity of the Company is the managing and subletting a local community centre.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The trading activities of Leading Edge Trading Limited are very dependent upon Leading Edge Academies Partnership. The Trustees of the School have a reasonable expectation that the Academy Trust has adequate resources to continue in operational existence for the foreseeable future. It is noted in the financial statements for Leading Edge Academies Partnership for the year ended 31 August 2024 that those accounts are prepared on a basis other than going concern. However, this is due only to the Academy Trust's intention to join another Multi-Academy in the near future. The Academy Trust will be carried on by another Multi-Academy Trust, and so no adjustment to, or reclassification of, the amounts included in those accounts prior to transfer have been required. Similarly, no such adjustment in required in these financial statements. Leading Edge Trading Limited, therefore, does not face an immediate threat regarding this.
As a result, the Directors of this company adopt the going concern basis in preparing its financial statements.

 
2.3

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2


LEADING EDGE TRADING LIMITED

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

2.ACCOUNTING POLICIES (continued)

 
2.4

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


EMPLOYEES




The Company has no employees other than the directors, who did not receive any remuneration.


4.


DEBTORS

2024
£


Other debtors
2



5.


CASH AND CASH EQUIVALENTS

2024
£

Cash at bank and in hand
183


Page 3


LEADING EDGE TRADING LIMITED

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

6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
£

Trade creditors
3,454

Amounts owed to group undertakings
8,827

Accruals and deferred income
3,118

15,399



7.


RELATED PARTY TRANSACTIONS

As a wholly owned subsidiary undertaking of the ultimate parent Trust, the company has taken advantage of the exemption in paragraph 33.1A of FRS 102 in not disclosing intra group transactions where 100% of the voting rights are controlled within the group.
There are no further related party transactions or balances that require disclosure.


8.


CONTROLLING PARTY

The Company's immediate parent company and the ultimate controlling party is Leading Edge Academies Partnership, a company registered in England and Wales (Company number 07657923), with registered address of Unit H Pattern Shop, Trevoarn, Hayle, Cornwall, England, TR27 4EZ.


9.


AUDITORS' INFORMATION

The auditors' report on the financial statements for the period ended 31 August 2024 was unqualified.

The audit report was signed on 12 March 2025 by Alison Oliver FCA (Senior statutory auditor) on behalf of Bishop Fleming LLP.

 
Page 4