Registered number
09116929
Leyland (MK) Holdings Ltd
Filleted Accounts
30 June 2024
Leyland (MK) Holdings Ltd
Registered number: 09116929
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Investments 2 1,001 1,001
Current assets
Debtors 3 7,653 101
Cash at bank and in hand 1,276 116
8,929 217
Creditors: amounts falling due within one year 4 (2,801) (1,901)
Net current assets/(liabilities) 6,128 (1,684)
Total assets less current liabilities 7,129 (683)
Creditors: amounts falling due after more than one year 5 (11,726) (3,014)
Net liabilities (4,597) (3,697)
Capital and reserves
Called up share capital 1 1
Profit and loss account (4,598) (3,698)
Shareholders' funds (4,597) (3,697)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr B Thakrar
Director
Approved by the board on 21 March 2025
Leyland (MK) Holdings Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Employees 2024 2023
Number Number
Average number of persons employed by the company - -
Going concern
The financial statements have been prepared on a going concern basis in view of the fact that the director has indicated he will provide sufficient funding to the company to enable it to meet its liabilities as they fall due, for at least the next twelve months.
2 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 July 2023 1,001
At 30 June 2024 1,001
3 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 7,652 -
Other debtors 1 101
7,653 101
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 2,801 1,901
5 Creditors: amounts falling due after one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 11,726 3,014
6 Controlling party
Mr B Thakrar is the ultimate controlling party.
7 Other information
Leyland (MK) Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Argyle House
3rd Floor Northside
Joel Street, Northwood Hills
Northwood Hills
HA6 1NW
Leyland (MK) Holdings Ltd 09116929 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts July 2024 Mr B Thakrar No description of principal activity 09116929 2022-07-01 2023-06-30 09116929 core:WithinOneYear 2023-06-30 09116929 core:AfterOneYear 2023-06-30 09116929 core:ShareCapital 2023-06-30 09116929 core:RetainedEarningsAccumulatedLosses 2023-06-30 09116929 2023-07-01 2024-06-30 09116929 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09116929 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09116929 bus:Director40 2023-07-01 2024-06-30 09116929 1 2023-07-01 2024-06-30 09116929 2 2023-07-01 2024-06-30 09116929 countries:England 2023-07-01 2024-06-30 09116929 bus:FRS102 2023-07-01 2024-06-30 09116929 bus:FilletedAccounts 2023-07-01 2024-06-30 09116929 2024-06-30 09116929 core:WithinOneYear 2024-06-30 09116929 core:AfterOneYear 2024-06-30 09116929 core:ShareCapital 2024-06-30 09116929 core:RetainedEarningsAccumulatedLosses 2024-06-30 09116929 2023-06-30 iso4217:GBP xbrli:pure