Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-30No description of principal activity2023-06-01false22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10579601 2023-06-01 2024-11-30 10579601 2022-06-01 2023-05-31 10579601 2024-11-30 10579601 2023-05-31 10579601 c:Director1 2023-06-01 2024-11-30 10579601 c:Director2 2023-06-01 2024-11-30 10579601 d:MotorVehicles 2023-06-01 2024-11-30 10579601 d:CurrentFinancialInstruments 2024-11-30 10579601 d:CurrentFinancialInstruments 2023-05-31 10579601 d:Non-currentFinancialInstruments 2024-11-30 10579601 d:Non-currentFinancialInstruments 2023-05-31 10579601 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 10579601 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 10579601 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 10579601 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 10579601 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-11-30 10579601 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 10579601 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-11-30 10579601 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 10579601 d:ShareCapital 2024-11-30 10579601 d:ShareCapital 2023-05-31 10579601 d:RetainedEarningsAccumulatedLosses 2024-11-30 10579601 d:RetainedEarningsAccumulatedLosses 2023-05-31 10579601 c:FRS102 2023-06-01 2024-11-30 10579601 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-11-30 10579601 c:FullAccounts 2023-06-01 2024-11-30 10579601 c:PrivateLimitedCompanyLtd 2023-06-01 2024-11-30 10579601 2 2023-06-01 2024-11-30 10579601 e:PoundSterling 2023-06-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 10579601










LEVERTON HALL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 NOVEMBER 2024

 
LEVERTON HALL LIMITED
REGISTERED NUMBER: 10579601

BALANCE SHEET
AS AT 30 NOVEMBER 2024

30 November
31 May
2024
2023
Note
£
£

  

Current assets
  

Stocks
 5 
13,352,848
18,986,450

Debtors: amounts falling due within one year
 6 
8,174
40,096

Cash at bank and in hand
 7 
1,343
4

  
13,362,365
19,026,550

Creditors: amounts falling due within one year
 8 
(18,041,347)
(23,546,289)

Net current liabilities
  
 
 
(4,678,982)
 
 
(4,519,739)

Total assets less current liabilities
  
(4,678,982)
(4,519,739)

Creditors: amounts falling due after more than one year
 9 
(21,174)
(27,929)

  

Net liabilities
  
(4,700,156)
(4,547,668)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(4,700,256)
(4,547,768)

  
(4,700,156)
(4,547,668)


Page 1

 
LEVERTON HALL LIMITED
REGISTERED NUMBER: 10579601

BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024

The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 statement of income and retained earnings 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 28 August 2025.




................................................
S R Pridmore
................................................
R A Tappenden
Director
Director

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

Page 2

 
LEVERTON HALL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

1.Accounting policies

 
1.1

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:

 
1.2

Going concern

The company's development site is now complete. The appropriateness of the going concern basis is dependent on whether the company will undertake a new development and the creditors continuing to support the company. It is unlikely that either of these events will be applicable and it appears inevitable that the company will close and accordingly the accounts have been prepared on a basis other than the going concern.

 
1.3

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.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.4

Interest income

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

Page 3

 
LEVERTON HALL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

1.Accounting policies (continued)

 
1.5

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.

 
1.6

Borrowing costs

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

 
1.7

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.


 
1.8

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance

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.

  
1.9

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value. Costs include all direct costs and an appropriate proportion of fixed and variable overheads.

 
1.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
LEVERTON HALL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

1.Accounting policies (continued)

 
1.11

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.12

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.


General information

Leverton Hall Limited is a private limited company incorporated in England and Wales. The Registered Office is 4 Chester Court, Chester Hall Lane, Basildon, Essex SS14 3WR.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimates and assumptions:
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.
Revenue recognition for long term contracts and work in progress is recognised by reference to the stage of completion of the contract which is subject to estimation uncertainty.


4.


Employees

The average monthly number of employees, including directors, during the period was 2 (2023 - 2).


5.


Stocks

30 November
31 May
2024
2023
£
£

Finished goods and goods for resale
13,352,848
18,986,450


Page 5

 
LEVERTON HALL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

6.


Debtors

30 November
31 May
2024
2023
£
£


Other debtors
6,760
-

Prepayments and accrued income
1,414
40,096

8,174
40,096



7.


Cash and cash equivalents

30 November
31 May
2024
2023
£
£

Cash at bank and in hand
1,343
4


Page 6

 
LEVERTON HALL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

8.


Creditors: Amounts falling due within one year

30 November
31 May
2024
2023
£
£

Bank loans
17,279,438
23,362,984

Trade creditors
375,677
142,913

Amounts owed to group undertakings
623
623

Other taxation and social security
-
799

Other creditors
385,609
38,970

18,041,347
23,546,289


The following liabilities were secured:

30 November
31 May
2024
2023
£
£



Bank loans
17,269,438
23,356,604

17,269,438
23,356,604

Details of security provided:

The bank loan is secured by a charge over the company's stock and work in progress, a debenture and a fixed and floating charge.


9.


Creditors: Amounts falling due after more than one year

30 November
31 May
2024
2023
£
£

Bank loans
21,174
27,929


The following liabilities were secured:




Details of security provided:

The bank loan is secured by a charge over the company's stock and work in progress, a debenture and a fixed and floating charge.

Page 7

 
LEVERTON HALL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

10.


Loans


Analysis of the maturity of loans is given below:


30 November
31 May
2024
2023
£
£

Amounts falling due within one year

Bank loans
17,279,438
23,362,984

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
11,174
17,929


17,300,612
23,390,913



11.


Related party transactions

These financial statements include transactions and balances, as listed below, with the following:
A company under common control with Leverton Hall Limited: Creditors £385,608 (2023: £38,970). 
The directors and other connected companies have given personal guarantees in respect of the company’s bank loan.


12.


Controlling party

The company is a 100% subsidiary of Marden Homes Holdings Limited, a company incorporated in
England.


Page 8