ACCOUNTS - Final Accounts preparation

Registered number: 15456171

LEVCAN LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2025

LEVCAN LTD

REGISTERED NUMBER: 15456171

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2025

		2025
Note		£

Fixed assets
Tangible assets	4		1,147
Investments	5		1
			1,148
Current assets
Debtors: Amounts falling due within one year	6	1,734,187
Cash at bank and in hand		394,222
		2,128,409
Creditors: Amounts falling due within one year	7	(2,157,177)
Net current liabilities			(28,768)
Net liabilities			(27,620)

Capital and reserves
Called up share capital			1
Profit and loss account			(27,621)
			(27,620)

Page 1

LEVCAN LTD

REGISTERED NUMBER: 15456171

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JANUARY 2025

The director considers 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 comprehensive income 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 by:

................................................

L Levy

Director

Date: 4 September 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

LEVCAN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2025

1.	General information

Levcan Ltd is a private company limited by shares, incorporated in England and Wales. The Company's registered number is 15456171 and registered office is 10 Queen Street Place, London, United Kingdom, EC4R 1AG.
The Company was incorporated on 31 January 2024 and commenced trading on the same date.

2.Accounting policies

2.1

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Interest income

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

2.3

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, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

33%

straight-line method

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.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Page 3

LEVCAN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2025

2.Accounting policies (continued)

2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.7

Creditors

Short-term creditors are measured at the transaction price.

Employees

The Company has no employees other than the directors, who did not receive any remuneration.

4.	Tangible fixed assets

		Computer equipment
		£
	Cost
	Additions	1,475
	At 31 January 2025	1,475
	Depreciation
	Charge for the period	328
	At 31 January 2025	328
	Net book value
	At 31 January 2025	1,147

Page 4

LEVCAN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2025

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost
	Additions	1
	At 31 January 2025	1

Debtors

					2025
					£


	Amounts owed by group undertakings	1,729,434
	Other debtors	2,700
	Prepayments	2,053
		1,734,187

7.	Creditors: Amounts falling due within one year
		2025
		£

	Other creditors	2,154,837
	Accruals	2,340
		2,157,177

Page 5

LEVCAN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2025

8.	Share capital
		2025
		£

		Allotted, called up and fully paid

		100 Ordinary shares of £0.01 each	1

Upon incorporation, 100 ordinary shares were issued with a nominal value of £0.01.

9.	Related party transactions
	During the period, the director paid net advances of £2,154,837 to the company. At the year end, the amount owed to the director from the company was £2,154,837. This loan is interest free, repayable on demand and presented within other creditors.

Page 6