Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31true2024-04-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11715143 2024-04-01 2025-03-31 11715143 2023-04-01 2024-03-31 11715143 2025-03-31 11715143 2024-03-31 11715143 c:Director1 2024-04-01 2025-03-31 11715143 d:OfficeEquipment 2024-04-01 2025-03-31 11715143 d:OfficeEquipment 2025-03-31 11715143 d:OfficeEquipment 2024-03-31 11715143 d:CurrentFinancialInstruments 2025-03-31 11715143 d:CurrentFinancialInstruments 2024-03-31 11715143 d:Non-currentFinancialInstruments 2025-03-31 11715143 d:Non-currentFinancialInstruments 2024-03-31 11715143 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 11715143 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11715143 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 11715143 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11715143 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-03-31 11715143 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 11715143 d:ShareCapital 2025-03-31 11715143 d:ShareCapital 2024-03-31 11715143 d:RetainedEarningsAccumulatedLosses 2025-03-31 11715143 d:RetainedEarningsAccumulatedLosses 2024-03-31 11715143 c:OrdinaryShareClass1 2024-04-01 2025-03-31 11715143 c:OrdinaryShareClass1 2025-03-31 11715143 c:OrdinaryShareClass1 2024-03-31 11715143 c:FRS102 2024-04-01 2025-03-31 11715143 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11715143 c:FullAccounts 2024-04-01 2025-03-31 11715143 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11715143 2 2024-04-01 2025-03-31 11715143 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 11715143









LEEON LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
LEEON LIMITED
REGISTERED NUMBER: 11715143

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
1
1

  
1
1

Current assets
  

Stocks
 5 
74,757
14,200

Debtors: amounts falling due within one year
 6 
3,710
5,709

Cash at bank and in hand
 7 
6,679
116

  
85,146
20,025

Creditors: amounts falling due within one year
 8 
(82,996)
(33,182)

Net current assets/(liabilities)
  
 
 
2,150
 
 
(13,157)

Total assets less current liabilities
  
2,151
(13,156)

Creditors: amounts falling due after more than one year
 9 
(1,838)
(12,289)

  

Net assets/(liabilities)
  
313
(25,445)


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
213
(25,545)

  
313
(25,445)


Page 1

 
LEEON LIMITED
REGISTERED NUMBER: 11715143

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The director considers 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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 profit and loss account 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 25 July 2025.




M Sahiti
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
LEEON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Leeon Limited is a private company limited by shares, incorporated in England and Wales on 6 December 2018, with a company registration number of 11715143. The address of the registered office is Anglia House, 6 Central Avenue, St Andrews Business Park, Thorpe St Andrew, Norwich, Norfolk, NR7 0HR.

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

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

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

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
LEEON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

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 balance sheet date in the countries where the Company operates and generates income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Office equipment
-
3 years straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.11

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.

Page 4

 
LEEON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.12

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.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss).



Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Page 5

 
LEEON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Office equipment

£



Cost


At 1 April 2024
366



At 31 March 2025

366



Depreciation


At 1 April 2024
365



At 31 March 2025

365



Net book value



At 31 March 2025
1



At 31 March 2024
1


5.


Stocks

2025
2024
£
£

Vehicle stock
74,757
14,200



6.


Debtors

2025
2024
£
£


Other debtors
2,217
5,709

Prepayments
1,493
-

3,710
5,709



7.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
6,679
116


Page 6

 
LEEON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
10,400
10,150

Trade creditors
6,675
5,455

Amounts owed to associated companies
5,679
3,010

Corporation tax
6,042
-

Other creditors
48,600
11,571

Accruals
5,600
2,996

82,996
33,182



9.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
1,838
12,289



10.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Bank loans
10,400
10,150

Amounts falling due 1-2 years

Bank loans
1,838
12,289



12,238
22,439



11.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



100 (2024 - 100) Ordinary shares of £1.00 each
100
100


Page 7

 
LEEON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

12.


Related party transactions

During the year the company was loaned monies from B M Houses Limited, an associated concern in which the director M Sahiti has a material interest.
The amount due to B M Houses Limited at the year end was £5,679 (2024 £3,010) and the loan is interest free and repayable on demand.
At 1 April 2024 M Sahiti''s directors current account was a credit balance of £11,571, during the year the director introduced monies of £117,270, and monies were withdrawn of £80,241, leaving a credit balance of £48,600 as at 31 March 2025. The loan is interest free and repayable on demand.


Page 8