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REGISTERED NUMBER: 00443753 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Leonard Trust Limited

Leonard Trust Limited (Registered number: 00443753)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Leonard Trust Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M A Briggs
Mrs E Briggs
Ms S Pelly





SECRETARY: Mrs E Briggs





REGISTERED OFFICE: C/O Harrison North
Adam House
7-10 Adam Street
London
WC2N 6AA





REGISTERED NUMBER: 00443753 (England and Wales)





ACCOUNTANTS: Harrison North
Adam House, 7-10 Adam Street
London
WC2N 6AA

Leonard Trust Limited (Registered number: 00443753)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 160 214
Investment property 5 814,647 921,686
814,807 921,900

CURRENT ASSETS
Debtors 6 2,350 13,533
Investments 7 386,027 353,229
Cash at bank 837,361 597,202
1,225,738 963,964
CREDITORS
Amounts falling due within one year 8 131,783 138,036
NET CURRENT ASSETS 1,093,955 825,928
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,908,762

1,747,828

Leonard Trust Limited (Registered number: 00443753)

Balance Sheet - continued
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 6,936 6,936
Retained earnings 1,901,726 1,740,792
1,908,762 1,747,828

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

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

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2025 and were signed on its behalf by:





M A Briggs - Director


Leonard Trust Limited (Registered number: 00443753)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Leonard Trust 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Leonard Trust Limited (Registered number: 00443753)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 1,198
DEPRECIATION
At 1 January 2024 984
Charge for year 54
At 31 December 2024 1,038
NET BOOK VALUE
At 31 December 2024 160
At 31 December 2023 214

Leonard Trust Limited (Registered number: 00443753)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 921,686
Disposals (107,039 )
At 31 December 2024 814,647
NET BOOK VALUE
At 31 December 2024 814,647
At 31 December 2023 921,686

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.24 31.12.23
£    £   
Trade debtors 2,350 13,533

7. CURRENT ASSET INVESTMENTS
31.12.24 31.12.23
£    £   
Listed investments 386,027 353,229

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.24 31.12.23
£    £   
Taxation and social security 39,473 40,680
Other creditors 92,310 97,356
131,783 138,036

9. RESERVES
Revaluation
reserve
£   
At 1 January 2024
and 31 December 2024 6,936