Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 04701104 Mr J Lindh Mr J Haigh Mr J Wild iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04701104 2023-08-31 04701104 2024-08-31 04701104 2023-09-01 2024-08-31 04701104 frs-core:Non-currentFinancialInstruments 2024-08-31 04701104 frs-core:FurnitureFittings 2023-09-01 2024-08-31 04701104 frs-core:RevaluationReserve 2023-09-01 2024-08-31 04701104 frs-core:RevaluationReserve 2023-08-31 04701104 frs-core:RevaluationReserve 2024-08-31 04701104 frs-core:ShareCapital 2024-08-31 04701104 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 04701104 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04701104 frs-bus:AbridgedAccounts 2023-09-01 2024-08-31 04701104 frs-bus:SmallEntities 2023-09-01 2024-08-31 04701104 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04701104 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 04701104 frs-bus:Director1 2023-09-01 2024-08-31 04701104 frs-bus:Director2 2023-09-01 2024-08-31 04701104 frs-bus:Director3 2023-09-01 2024-08-31 04701104 frs-countries:EnglandWales 2023-09-01 2024-08-31 04701104 2022-08-31 04701104 2023-08-31 04701104 2022-09-01 2023-08-31 04701104 frs-core:Non-currentFinancialInstruments 2023-08-31 04701104 frs-core:RevaluationReserve 2023-08-31 04701104 frs-core:ShareCapital 2023-08-31 04701104 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 04701104
Leda Developments Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 04701104
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,985 3,512
Investment Properties 5 300,000 250,000
302,985 253,512
CURRENT ASSETS
Debtors 2,120 2,091
Cash at bank and in hand 32,022 27,389
34,142 29,480
Creditors: Amounts Falling Due Within One Year (8,234 ) (8,770 )
NET CURRENT ASSETS (LIABILITIES) 25,908 20,710
TOTAL ASSETS LESS CURRENT LIABILITIES 328,893 274,222
Creditors: Amounts Falling Due After More Than One Year (94,500 ) (94,500 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,059 ) (3,559 )
NET ASSETS 221,334 176,163
CAPITAL AND RESERVES
Called up share capital 6 300 300
Revaluation reserve 7 65,171 15,171
Profit and Loss Account 155,863 160,692
SHAREHOLDERS' FUNDS 221,334 176,163
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 August 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr J Lindh
Director
31/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Leda Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04701104 . The registered office is Micklethwaite House Cross Green Lane, Cross Green, Leeds, LS9 0DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured as rental income receivable, net of VAT.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% on reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Total
£
Cost or Valuation
As at 1 September 2023 12,949
As at 31 August 2024 12,949
Depreciation
As at 1 September 2023 9,437
Provided during the period 527
As at 31 August 2024 9,964
Net Book Value
As at 31 August 2024 2,985
As at 1 September 2023 3,512
5. Investment Property
2024
£
Fair Value
As at 1 September 2023 250,000
Revaluations 50,000
As at 31 August 2024 300,000
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
7. Reserves
Revaluation Reserve
£
As at 1 September 2023 15,171
Surplus on revaluation 50,000
As at 31 August 2024 65,171
Page 4