Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-14truefalse2024-01-29Other letting and operating of own or leased real estate2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 15448770 2024-01-28 15448770 2024-01-29 2024-12-31 15448770 2023-01-01 2024-01-28 15448770 2024-12-31 15448770 c:Director2 2024-01-29 2024-12-31 15448770 d:FreeholdInvestmentProperty 2024-12-31 15448770 d:FreeholdInvestmentProperty 2024-01-28 15448770 d:CurrentFinancialInstruments 2024-12-31 15448770 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 15448770 d:ShareCapital 2024-12-31 15448770 d:RetainedEarningsAccumulatedLosses 2024-12-31 15448770 c:FRS102 2024-01-29 2024-12-31 15448770 c:AuditExempt-NoAccountantsReport 2024-01-29 2024-12-31 15448770 c:FullAccounts 2024-01-29 2024-12-31 15448770 c:PrivateLimitedCompanyLtd 2024-01-29 2024-12-31 15448770 2 2024-01-29 2024-12-31 15448770 e:PoundSterling 2024-01-29 2024-12-31 15448770 d:EntityControlledByKeyManagementPersonnel1 2024-01-29 2024-12-31 15448770 d:EntityControlledByKeyManagementPersonnel1 2024-12-31 15448770 d:EntityControlledByKeyManagementPersonnel2 2024-01-29 2024-12-31 15448770 d:EntityControlledByKeyManagementPersonnel2 2024-12-31 15448770 d:EntityControlledByKeyManagementPersonnel3 2024-01-29 2024-12-31 15448770 d:EntityControlledByKeyManagementPersonnel3 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 15448770









LEIDON PROPCO LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
LEIDON PROPCO LTD
REGISTERED NUMBER: 15448770

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
Note
£

Fixed assets
  

Investment property
 4 
1,529,295

  
1,529,295

Current assets
  

Debtors: amounts falling due within one year
 5 
10,980

Cash at bank and in hand
 6 
445

  
11,425

Creditors: amounts falling due within one year
 7 
(1,499,149)

Net current liabilities
  
 
 
(1,487,724)

Total assets less current liabilities
  
41,571

  

Net assets
  
41,571


Capital and reserves
  

Called up share capital 
 8 
100

Profit and loss account
  
41,471

  
41,571


Page 1

 
LEIDON PROPCO LTD
REGISTERED NUMBER: 15448770
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 May 2025.




P Kerrigan
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
LEIDON PROPCO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

Leidon Propco Ltd is a company limited by shares, incorporated in England and Wales. The address of the registered office is Suite 104, 69-75 Boston Manor Road, Brentford, England, TW8 9JJ 
The company specialises in property rental.
The company was incorporated on 29 January 2024 and started trading on 10 April 2024.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis, despite the company reporting net current liabilities of £1,487,724. Included within creditors are loans totalling £1,476,080 from related undertakings who have confirmed that they will not seek repayment of the loans until such time as the company has sufficient working capital. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
LEIDON PROPCO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.6

Investment property

Investment properties are properties held to earn rent and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of the investment properties are included in the Statement of comprehensive income in the year in which they arise.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Directors' remuneration

During the period, the directors received no emoluments.

Page 4

 
LEIDON PROPCO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

4.


Investment property


Freehold investment property

£



Valuation


At 29 January 2024
1,529,295



At 31 December 2024
1,529,295


The investment property was valued by the directors, on an open market value for existing use basis.






5.


Debtors

2024
£


Trade debtors
10,401

Prepayments and accrued income
579

10,980



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
445

445


Page 5

 
LEIDON PROPCO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
£

Amounts owed to related undertakings
1,476,080

Corporation tax
10,228

Other taxation and social security
1,734

Other creditors
940

Accruals and deferred income
10,167

1,499,149


The amounts owed to related undertakings are interest free and have no fixed repayment terms.


8.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares of £1 each
100


On incorporation, 100 Ordinary £1 shares each were issued at par.


9.


Related party transactions

During the year, the company charged rent of £61,000 to a company with common directors.  Legal costs of £16,171 were paid on behalf of the company. At year end an amount of £284,040 was payable by the company and is included in amounts owed to related undertakings.
 
At the year end, an amount of 742,040 was owed to a company with common directors, and is included in amounts owed to related undertakings.
 
At the year end, an amount of £450,000 was owed to a company with common directors, and is included in amounts owed to related undertakings.
 
At the year end, an amount of £940 was owed to the directors and is included in other creditors.


10.


Controlling party

There is no controlling party.

 
Page 6