IRIS Accounts Production v24.3.2.46 07294542 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072945422023-06-30072945422024-06-30072945422023-07-012024-06-30072945422022-06-30072945422022-07-012023-06-30072945422023-06-3007294542ns15:EnglandWales2023-07-012024-06-3007294542ns14:PoundSterling2023-07-012024-06-3007294542ns10:Director12023-07-012024-06-3007294542ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3007294542ns10:SmallEntities2023-07-012024-06-3007294542ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3007294542ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3007294542ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3007294542ns10:FullAccounts2023-07-012024-06-3007294542ns10:OrdinaryShareClass12023-07-012024-06-3007294542ns10:Director22023-07-012024-06-3007294542ns10:CompanySecretary12023-07-012024-06-3007294542ns10:RegisteredOffice2023-07-012024-06-3007294542ns5:CurrentFinancialInstruments2024-06-3007294542ns5:CurrentFinancialInstruments2023-06-3007294542ns5:ShareCapital2024-06-3007294542ns5:ShareCapital2023-06-3007294542ns5:FurtherSpecificReserve3ComponentTotalEquity2024-06-3007294542ns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-3007294542ns5:RetainedEarningsAccumulatedLosses2024-06-3007294542ns5:PlantMachinery2023-07-012024-06-3007294542ns5:PlantMachinery2023-06-3007294542ns5:PlantMachinery2024-06-3007294542ns5:PlantMachinery2023-06-3007294542ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3007294542ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3007294542ns10:OrdinaryShareClass12024-06-3007294542ns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-30
REGISTERED NUMBER: 07294542 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Levington Developments Ltd

Levington Developments Ltd (Registered number: 07294542)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Levington Developments Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: J D Harley
Mrs C L Harley





SECRETARY: Mrs C L Harley





REGISTERED OFFICE: Levington House
Castle Levington
Yarm
Cleveland
TS15 9PB





REGISTERED NUMBER: 07294542 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Levington Developments Ltd (Registered number: 07294542)

Balance Sheet
30 June 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,327 4,990
Investment property 5 537,022 402,022
540,349 407,012

CURRENT ASSETS
Stocks 39,188 39,188
Debtors 6 159,720 171,694
Cash at bank 22,594 12,104
221,502 222,986
CREDITORS
Amounts falling due within one year 7 187,966 197,966
NET CURRENT ASSETS 33,536 25,020
TOTAL ASSETS LESS CURRENT
LIABILITIES

573,885

432,032

PROVISIONS FOR LIABILITIES 80,024 35,484
NET ASSETS 493,861 396,548

CAPITAL AND RESERVES
Called up share capital 8 2 2
Un-distributable reserve 9 237,577 147,233
Retained earnings 256,282 249,313
SHAREHOLDERS' FUNDS 493,861 396,548

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Levington Developments Ltd (Registered number: 07294542)

Balance Sheet - continued
30 June 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 28 March 2025 and were signed on its behalf by:





J D Harley - Director


Levington Developments Ltd (Registered number: 07294542)

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

1. STATUTORY INFORMATION

Levington Developments Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss and held in an un-distributable reserve within equity.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Levington Developments Ltd (Registered number: 07294542)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 July 2023
and 30 June 2024 8,316
DEPRECIATION
At 1 July 2023 3,326
Charge for year 1,663
At 30 June 2024 4,989
NET BOOK VALUE
At 30 June 2024 3,327
At 30 June 2023 4,990

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 402,022
Revaluations 135,000
At 30 June 2024 537,022
NET BOOK VALUE
At 30 June 2024 537,022
At 30 June 2023 402,022

Levington Developments Ltd (Registered number: 07294542)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. INVESTMENT PROPERTY - continued

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2018 66,769
Valuation in 2023 115,000
Valuation in 2024 135,000
Cost 220,253
537,022

Investment properties were valued on an open market basis on 30 June 2024 by the director.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Other debtors 159,720 171,694

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors - 8,000
Taxation and social security 14,011 9,311
Other creditors 173,955 180,655
187,966 197,966

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as restated
£    £   
2 Ordinary £1 2 2

9. RESERVES
Un-distributable
reserve
£   
At 1 July 2023 147,233
Transfer for revaluation 135,000
Transfer for deferred tax (44,656 )

At 30 June 2024 237,577