Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 12825004 Mrs Fiona Leeson Mr John Leeson Friary Four Ltd England and Wales true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12825004 2023-08-31 12825004 2024-08-31 12825004 2023-09-01 2024-08-31 12825004 frs-core:ShareCapital 2024-08-31 12825004 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 12825004 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12825004 frs-bus:AbridgedAccounts 2023-09-01 2024-08-31 12825004 frs-bus:SmallEntities 2023-09-01 2024-08-31 12825004 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12825004 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12825004 1 2023-09-01 2024-08-31 12825004 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-09-01 2024-08-31 12825004 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-08-31 12825004 frs-bus:Director1 2023-09-01 2024-08-31 12825004 frs-bus:Director2 2023-09-01 2024-08-31 12825004 frs-countries:EnglandWales 2023-09-01 2024-08-31 12825004 2022-08-31 12825004 2023-08-31 12825004 2022-09-01 2023-08-31 12825004 frs-core:ShareCapital 2023-08-31 12825004 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 12825004 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-08-31
Registered number: 12825004
Leeson Properties (Winchester) Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 August 2024
MJK Accountants Ltd
Unit 9 Barnack Business Centre Blakey Road
Salisbury
Wiltshire
SP1 2LP
Contents
Page
Abridged Statement of Financial Position 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Statement of Financial Position
Registered number: 12825004
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 575,000 550,000
575,000 550,000
CURRENT ASSETS
Debtors 4,550 4,550
Cash at bank and in hand 60,797 47,756
65,347 52,306
Creditors: Amounts Falling Due Within One Year (492,995 ) (493,259 )
NET CURRENT ASSETS (LIABILITIES) (427,648 ) (440,953 )
TOTAL ASSETS LESS CURRENT LIABILITIES 147,352 109,047
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,750 ) -
NET ASSETS 142,602 109,047
CAPITAL AND RESERVES
Called up share capital 5 82,514 82,514
Fair value reserve 6 20,250 -
Income Statement 39,838 26,533
SHAREHOLDERS' FUNDS 142,602 109,047
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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 Income Statement.
All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 31 August 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr John Leeson
Director
14/03/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Leeson Properties (Winchester) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12825004 . The registered office is Unit 9 Barnack Business Centre, Blakey Road, Salisbury, Wiltshire, SP1 2LP.
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. 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 income statement.
2.3. 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: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 September 2023 550,000
Fair value adjustments 25,000
As at 31 August 2024 575,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 550,000 550,000
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5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 82,514 82,514
6. Reserves
Fair Value Reserve
£
Transfer (to)/from profit and loss 20,250
As at 31 August 2024 20,250
7. Related Party Transactions
Friary Four LtdParent companyLoan owed by parent company regarding professional fees of £4,550

Friary Four Ltd

Parent company

Loan owed by parent company regarding professional fees of £4,550

8. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Friary Four Ltd , incorporated in England and Wales, who controls 100% of the shares of Leeson Properties (Winchester) Ltd .
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