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REGISTERED NUMBER: 01505671 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2024

FOR

LEESDEL LIMITED

LEESDEL LIMITED (REGISTERED NUMBER: 01505671)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LEESDEL LIMITED

COMPANY INFORMATION
for the Year Ended 30 March 2024







DIRECTOR: A H Fakih





REGISTERED OFFICE: 10 London Mews
London
W2 1HY





REGISTERED NUMBER: 01505671 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
London
W21HY

LEESDEL LIMITED (REGISTERED NUMBER: 01505671)

BALANCE SHEET
30 March 2024

30.3.24 30.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1

CURRENT ASSETS
Debtors 5 801,475 732,420
Cash at bank 755 12,835
802,230 745,255
CREDITORS
Amounts falling due within one year 6 1,516,585 1,537,145
NET CURRENT LIABILITIES (714,355 ) (791,890 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(714,354

)

(791,889

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (714,454 ) (791,989 )
SHAREHOLDERS' FUNDS (714,354 ) (791,889 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 24 March 2025 and were signed by:





A H Fakih - Director


LEESDEL LIMITED (REGISTERED NUMBER: 01505671)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 March 2024

1. STATUTORY INFORMATION

Leesdel 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.

Going concern

At the balance sheet date the company has a deficiency of assets. The accounts have been prepared on a going concern basis, as the directors are satisfied that the company will continue to receive the support of its loan creditors.

Turnover
Turnover represents gross invoiced sales of services, including value added taxes.

Rendering of services

Revenue for providing services are recognised when the service has been completed.

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 - 33.33% straight line

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

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 ) .

LEESDEL LIMITED (REGISTERED NUMBER: 01505671)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 March 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 31 March 2023
and 30 March 2024 10,711
DEPRECIATION
At 31 March 2023
and 30 March 2024 10,710
NET BOOK VALUE
At 30 March 2024 1
At 30 March 2023 1

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 30.3.23
£    £   
Other debtors 801,475 732,420

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 30.3.23
£    £   
Bank loans and overdrafts 69 -
Trade creditors 7,080 1
Taxation and social security 46,363 92,823
Other creditors 1,463,073 1,444,321
1,516,585 1,537,145

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.3.24 30.3.23
value: £    £   
100 Ordinary £1 100 100

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 March 2024 and 30 March 2023:

30.3.24 30.3.23
£    £   
A H Fakih
Balance outstanding at start of year 162,051 58,758
Amounts advanced - 103,293
Amounts repaid (6,918 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 155,133 162,051

LEESDEL LIMITED (REGISTERED NUMBER: 01505671)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 March 2024

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £19,974 (2023 - £19,974) to Intuition Properties Limited.

At the balance sheet date the company is owed £522,353 (2023 - 457,692) by Able Property Developments Limited and £41,135 (2023 - £41,135) by Skyhigh Developments Limited.


The director of the company has interest in these companies.