Registered number
11757444
Leo James Properties Ltd
Unaudited Filleted Accounts
31 January 2025
Leo James Properties Ltd
Registered number: 11757444
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 71,955 71,955
Current assets
Cash at bank and in hand 1,350 33
Creditors: amounts falling due within one year 4 (34,075) (38,238)
Net current liabilities (32,725) (38,205)
Total assets less current liabilities 39,230 33,750
Creditors: amounts falling due after more than one year 5 (32,000) (32,000)
Net assets 7,230 1,750
Capital and reserves
Called up share capital 1 1
Profit and loss account 7,229 1,749
Shareholder's funds 7,230 1,750
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 M Woods
Director
Approved by the board on 28 May 2025
Leo James Properties Ltd
Notes to the Accounts
for the year ended 31 January 2025
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 February 2024 71,955
At 31 January 2025 71,955
Depreciation
At 31 January 2025 -
Net book value
At 31 January 2025 71,955
At 31 January 2024 71,955
4 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 1,285 411
Other creditors 32,790 37,827
34,075 38,238
5 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors 32,000 32,000
6 Other information
Leo James Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
300 St Marys Road
Garston
Liverpool
Merseyside
L19 0NQ
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