IRIS Accounts Production v25.1.4.42 12212116 director 1.11.23 31.10.24 31.10.24 false true false false true false Fair value model Ordinary A 0.10000 Ordinary B 0.10000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh122121162023-10-31122121162024-10-31122121162023-11-012024-10-31122121162022-09-30122121162022-10-012023-10-31122121162023-10-3112212116ns15:EnglandWales2023-11-012024-10-3112212116ns14:PoundSterling2023-11-012024-10-3112212116ns10:Director12023-11-012024-10-3112212116ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3112212116ns10:SmallEntities2023-11-012024-10-3112212116ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3112212116ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3112212116ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3112212116ns10:FullAccounts2023-11-012024-10-3112212116ns10:OrdinaryShareClass22023-11-012024-10-3112212116ns10:OrdinaryShareClass32023-11-012024-10-3112212116ns10:RegisteredOffice2023-11-012024-10-3112212116ns5:CurrentFinancialInstruments2024-10-3112212116ns5:CurrentFinancialInstruments2023-10-3112212116ns5:Non-currentFinancialInstruments2024-10-3112212116ns5:Non-currentFinancialInstruments2023-10-3112212116ns5:ShareCapital2024-10-3112212116ns5:ShareCapital2023-10-3112212116ns5:FurtherSpecificReserve3ComponentTotalEquity2024-10-3112212116ns5:FurtherSpecificReserve3ComponentTotalEquity2023-10-3112212116ns5:RetainedEarningsAccumulatedLosses2024-10-3112212116ns5:RetainedEarningsAccumulatedLosses2023-10-311221211612023-11-012024-10-3112212116ns5:FurnitureFittings2023-11-012024-10-3112212116ns5:ComputerEquipment2023-11-012024-10-3112212116ns5:PlantMachinery2023-10-3112212116ns5:PlantMachinery2023-11-012024-10-3112212116ns5:PlantMachinery2024-10-3112212116ns5:PlantMachinery2023-10-3112212116ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3112212116ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3112212116ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-10-3112212116ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-10-3112212116ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-10-3112212116ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-10-3112212116ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-10-3112212116ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-10-3112212116ns5:DeferredTaxation2023-10-3112212116ns5:DeferredTaxation2023-11-012024-10-3112212116ns5:DeferredTaxation2024-10-3112212116ns10:OrdinaryShareClass22024-10-3112212116ns10:OrdinaryShareClass32024-10-3112212116ns5:FurtherSpecificReserve3ComponentTotalEquity2023-10-31
REGISTERED NUMBER: 12212116 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

LEAVIS HOUSE LIMITED

LEAVIS HOUSE LIMITED (REGISTERED NUMBER: 12212116)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEAVIS HOUSE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: A D Gadney





REGISTERED OFFICE: 12 Bulstrode Gardens
Cambridge
CB3 0EN





REGISTERED NUMBER: 12212116 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

LEAVIS HOUSE LIMITED (REGISTERED NUMBER: 12212116)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 2,845 13,144
Investment property 6 1,331,514 1,095,080
1,334,359 1,108,224

CURRENT ASSETS
Debtors 7 105,995 105,245
Cash and cash equivalents 69,665 95,158
175,660 200,403
CREDITORS
Amounts falling due within one year 8 (18,256 ) (8,051 )
NET CURRENT ASSETS 157,404 192,352
TOTAL ASSETS LESS CURRENT LIABILITIES 1,491,763 1,300,576

CREDITORS
Amounts falling due after more than one
year

9

(1,378,459

)

(1,192,805

)

PROVISIONS FOR LIABILITIES 11 (81,738 ) (76,738 )
NET ASSETS 31,566 31,033

CAPITAL AND RESERVES
Called up share capital 12 11 11
Fair value reserve 13 245,215 230,215
Retained earnings (213,660 ) (199,193 )
SHAREHOLDERS' FUNDS 31,566 31,033

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

LEAVIS HOUSE LIMITED (REGISTERED NUMBER: 12212116)

BALANCE SHEET - continued
31 OCTOBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 July 2025 and were signed by:





A D Gadney - Director


LEAVIS HOUSE LIMITED (REGISTERED NUMBER: 12212116)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Leavis House Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty
Properties are revalued a their fair value at each reporting date. Where professional valuations are unavailable the director values properties based upon similar properties in the local area. Both professional and director valuations carry estimation uncertainty.

Turnover
Turnover comprises rental income receivable. The company is not VAT registered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Investment property
Investment property is included at fair value. Fair value gains and losses are recognised in the profit and loss account. Deferred taxation is provided on these gains and losses at the rate expected to apply when the property is sold.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

LEAVIS HOUSE LIMITED (REGISTERED NUMBER: 12212116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 51,267
DEPRECIATION
At 1 November 2023 38,123
Charge for year 10,299
At 31 October 2024 48,422
NET BOOK VALUE
At 31 October 2024 2,845
At 31 October 2023 13,144

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 1,095,080
Additions 216,434
Revaluations 20,000
At 31 October 2024 1,331,514
NET BOOK VALUE
At 31 October 2024 1,331,514
At 31 October 2023 1,095,080

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2021 330,596
Valuation in 2022 55,932
Valuation in 2023 (79,494 )
Valuation in 2024 20,000
Cost 1,004,480
1,331,514

LEAVIS HOUSE LIMITED (REGISTERED NUMBER: 12212116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,004,480 788,046

Investment properties were valued on an open market basis on 31 October 2024 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 105,995 105,245

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,139 7,172
Accrued expenses 11,117 879
18,256 8,051

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,141 7,267
Bank loans - 2-5 years 8,913 13,443
Mortgages 958,945 788,492
Directors' loan accounts 403,460 383,603
1,378,459 1,192,805

Amounts falling due in more than five years:

Repayable by instalments
Mortgages 958,945 788,492

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 958,945 788,492

Mortgages are secured by way of a fixed charge over freehold property.

LEAVIS HOUSE LIMITED (REGISTERED NUMBER: 12212116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 81,738 76,738

Deferred
tax
£   
Balance at 1 November 2023 76,738
Provided during year 5,000
Balance at 31 October 2024 81,738

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
95 Ordinary A 10p 10 10
5 Ordinary B 10p 1 1
11 11

Share capital in the accounts has been rounded to the nearest pound. The total share capital is £10.

13. RESERVES
Fair
value
reserve
£   
At 1 November 2023 230,215
Reserve transfers 15,000

At 31 October 2024 245,215

14. RELATED PARTY DISCLOSURES

Disclosed within other creditors due in more than one year is an amount owed to the director of £403,459 (2023: £383,603). Interest has been charged on all sums owed to the director of £36,142 (2023: £35,337). This amount is repayable on demand but is not expected to be recalled within the next 12 months.

15. UNSECURED DEBTS

Unsecured bank loans refer to borrowing under the bounce back loan scheme and are unsecured.