| REGISTERED NUMBER: |
| REPORT OF THE DIRECTORS AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024 |
| FOR |
| LEVEN COURT MANAGEMENT COMPANY LIMITED |
| REGISTERED NUMBER: |
| REPORT OF THE DIRECTORS AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024 |
| FOR |
| LEVEN COURT MANAGEMENT COMPANY LIMITED |
| LEVEN COURT MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02829522) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30th November 2024 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Statement of Income and Retained Earnings | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| LEVEN COURT MANAGEMENT COMPANY LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 30th November 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Ossington Chambers |
| 6-8 Castle Gate |
| Newark |
| Nottinghamshire |
| NG24 1AX |
| LEVEN COURT MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02829522) |
| REPORT OF THE DIRECTORS |
| for the Year Ended 30th November 2024 |
| The directors present their report with the financial statements of the company for the year ended 30th November 2024. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1st December 2023 to the date of this report. |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| ON BEHALF OF THE BOARD: |
| LEVEN COURT MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02829522) |
| STATEMENT OF INCOME AND RETAINED EARNINGS |
| for the Year Ended 30th November 2024 |
| 30/11/24 | 30/11/23 |
| Notes | £ | £ |
| INCOME |
| Administrative expenses |
| (2,953 | ) | (1,240 | ) |
| Other operating income |
| OPERATING (DEFICIT)/SURPLUS and |
| (DEFICIT)/SURPLUS BEFORE TAXATION | ( |
) |
| Tax on (deficit)/surplus |
| (DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR |
( |
) |
| Retained earnings at beginning of year |
| RETAINED EARNINGS AT END OF YEAR |
| LEVEN COURT MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02829522) |
| BALANCE SHEET |
| 30th November 2024 |
| 30/11/24 | 30/11/23 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| RESERVES |
| Income and expenditure account |
| 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 surplus or deficit 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 were approved by the Board of Directors and authorised for issue on |
| LEVEN COURT MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02829522) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30th November 2024 |
| 1. | STATUTORY INFORMATION |
| Leven Court Management Company Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| The remaining cost value of the freehold property relates to the coat value of the grounds and gardens. It is not being depreciated as it is considered to be an appreciating asset. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
| 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 NIL (2023 - NIL). |
| 4. | OPERATING (DEFICIT)/SURPLUS |
| The operating deficit (2023 - operating surplus) is stated after charging: |
| 30/11/24 | 30/11/23 |
| £ | £ |
| Depreciation - owned assets |
| LEVEN COURT MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02829522) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30th November 2024 |
| 5. | TANGIBLE FIXED ASSETS |
| Freehold |
| property |
| £ |
| COST |
| At 1st December 2023 |
| Disposals | ( |
) |
| At 30th November 2024 |
| DEPRECIATION |
| At 1st December 2023 |
| Eliminated on disposal | ( |
) |
| At 30th November 2024 |
| NET BOOK VALUE |
| At 30th November 2024 |
| At 30th November 2023 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30/11/24 | 30/11/23 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30/11/24 | 30/11/23 |
| £ | £ |
| Tax |
| Accrued expenses |