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REGISTERED NUMBER: 13792314 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Leader Property Group Limited

Leader Property Group Limited (Registered number: 13792314)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Leader Property Group Limited

Company Information
for the Year Ended 31 December 2024







Directors: J Leader
A Leader





Registered office: 31 Clovelly Drive
Southport
PR8 3AJ





Registered number: 13792314 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Leader Property Group Limited (Registered number: 13792314)

Statement of Financial Position
31 December 2024

31/12/24 31/12/23
Notes £    £    £    £   
Fixed assets
Investment property 4 1,735,000 990,350

Current assets
Debtors 5 500 38
Cash at bank 80,901 2,313
81,401 2,351
Creditors
Amounts falling due within one year 6 564,484 653,323
Net current liabilities (483,083 ) (650,972 )
Total assets less current liabilities 1,251,917 339,378

Creditors
Amounts falling due after more than
one year

7

(1,023,554

)

(345,016

)

Provisions for liabilities 9 (59,236 ) -
Net assets/(liabilities) 169,127 (5,638 )

Capital and reserves
Called up share capital 2 2
Other reserves 177,707 -
Retained earnings (8,582 ) (5,640 )
Shareholders' funds 169,127 (5,638 )

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.

Leader Property Group Limited (Registered number: 13792314)

Statement of Financial Position - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2025 and were signed on its behalf by:





A Leader - Director


Leader Property Group Limited (Registered number: 13792314)

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

1. Statutory information

Leader Property Group 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 as modified by the revaluation of certain assets.

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

Rental income is recognised on an accruals basis.

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.

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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 statement of financial position date.


Leader Property Group Limited (Registered number: 13792314)

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 statement of financial position 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.

Going concern
These financial statements are prepared on the going concern basis, on the assumption that the directors will continue to provide financial support to the company to enable it to meet its current liabilities, which exceeded its current assets at 31 December 2024.

3. Employees and directors

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

4. Investment property
Total
£   
Fair value
At 1 January 2024 990,350
Additions 507,707
Revaluations 236,943
At 31 December 2024 1,735,000
Net book value
At 31 December 2024 1,735,000
At 31 December 2023 990,350

Investment property is shown at its most recent valuation which the directors deem to be appropriate.


5. Debtors: amounts falling due within one year
31/12/24 31/12/23
£    £   
Other debtors 500 38

Leader Property Group Limited (Registered number: 13792314)

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

6. Creditors: amounts falling due within one year
31/12/24 31/12/23
£    £   
Other creditors 564,484 653,323

7. Creditors: amounts falling due after more than one year
31/12/24 31/12/23
£    £   
Bank loans 1,023,554 345,016

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 1,023,554 345,016

8. Secured debts

The following secured debts are included within creditors:

31/12/24 31/12/23
£    £   
Bank loans 1,023,554 345,016

Bank loans are secured on the company's investment property.

9. Provisions for liabilities
31/12/24 31/12/23
£    £   
Deferred tax
Other timing differences 59,236 -

Deferred
tax
£   
Charge to Income Statement during year 59,236
Balance at 31 December 2024 59,236

10. Related party disclosures

The directors have made loans to the company. At 31 December 2024 the balance on these
loans was £309,644 (2023 - £627,076). The loans are unsecured, interest free and
repayable on demand.