LEODIN LIMITED

Company Registration Number:
01281003 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2025

Period of accounts

Start date: 01 April 2024

End date: 31 March 2025

LEODIN LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Notes

LEODIN LIMITED

Balance sheet

As at 31 March 2025


Notes

2025

2024


£

£
Fixed assets
Tangible assets: 3 29,925 87,327
Investments: 4 2,681,002 2,681,002
Total fixed assets: 2,710,927 2,768,329
Current assets
Debtors:   945,607 1,475,508
Cash at bank and in hand: 546,122 149,581
Total current assets: 1,491,729 1,625,089
Creditors: amounts falling due within one year:     (51,095)
Net current assets (liabilities): 1,491,729 1,573,994
Total assets less current liabilities: 4,202,656 4,342,323
Creditors: amounts falling due after more than one year:   (22,132) (23,030)
Provision for liabilities: (7,481) (12,844)
Total net assets (liabilities): 4,173,043 4,306,449
Capital and reserves
Called up share capital: 48,000 48,000
Other reserves: 76,289 76,289
Profit and loss account: 4,048,754 4,182,160
Shareholders funds: 4,173,043 4,306,449

The notes form part of these financial statements

LEODIN LIMITED

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 July 2025
and signed on behalf of the board by:

Name: Allan Harle
Status: Director

The notes form part of these financial statements

LEODIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at 20% on cost in order to write off the assets over their estimated useful lives.

Other accounting policies

Investments Investments in shares are included at fair value.

LEODIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

2. Employees

2025 2024
Average number of employees during the period 1 1

LEODIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible Assets

Total
Cost £
At 01 April 2024 149,702
Disposals (71,637)
At 31 March 2025 78,065
Depreciation
At 01 April 2024 62,375
Charge for year 15,613
On disposals (29,848)
At 31 March 2025 48,140
Net book value
At 31 March 2025 29,925
At 31 March 2024 87,327

LEODIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Fixed investments

The company owns directly 88.89% of the share capital of Magvision Limited at a cost of £2,681,000. Magvision Limited is incorporated in England and Wales and acts as a holding company. It made a profit of £99,816 in the year (2024 loss of £1,900) and had assets of £102,817 at 31 March 2025 (2024 £3,001). Magvision Limited has two subsidiaries. It owns Macron Management and Design Limited in which it holds 25 ordinary shares of £1 each representing 100% of the issued share capital of that company. Macon Mamagement and Design Limited is incorporated in England and Wales and is engaged in magnetic engineering and research and development making a loss £40,334 in the year to 31 March 2025 (2024 £2,317) and has negative net assets of £25,506 at that date (2024 £114,827 positive). Magvision Limited also owns 100% of Magnetic i D Limited which is incorporated in England and Wales with an issued share capital of 1,000 ordinary shares. Its principal activity is research and development. At the balance date Magnetic I D Limited has negative net assets of £1,033,326 (2024 898,170) prior to the ultimate holding company forgiving £1,100,000 of debt having made a trading loss (prior to debt forgiveness) for the year then ended of £135,156 (2024 £199,924).

LEODIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Loans to directors

Name of director receiving advance or credit: Mr Allan Harle
Description of the loan: The company made loans during the year amounting to £480,486 to Mr Harle. Interest is charged on the loan at 2.5% per annum.
£
Balance at 01 April 2024 0
Advances or credits made: 480,486
Balance at 31 March 2025 480,486