Leadership Development Holdings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02335653 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LEADERSHIP DEVELOPMENT HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

7

DIRECTORS:

Mr R G Fielder

Mrs C L Fielder

SECRETARY:

Mrs C L Fielder

REGISTERED OFFICE:

10 St Ann Street

Salisbury

Wiltshire

SP1 2DN

REGISTERED NUMBER:

02335653 (England and Wales)

ACCOUNTANTS:

Rothmans LLP

10 St Ann Street

Salisbury

Wiltshire

SP1 2DN

FIXED ASSETS

Tangible assets

4

-

Investments

5

9,900

Investment property

6

358,777

705,639

368,677

715,539

CURRENT ASSETS

Debtors

7

29,082

18,616

Cash at bank

1,540,037

47,767

1,569,119

66,383

CREDITORS

Amounts falling due within one year

8

271,700

164,153

NET CURRENT ASSETS/(LIABILITIES)

1,297,419

(97,770

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,666,096

617,769

PROVISIONS FOR LIABILITIES

20,249

37,671

NET ASSETS

1,645,847

580,098

CAPITAL AND RESERVES

Called up share capital

10,000

Retained earnings

9

1,635,847

570,098

1,645,847

580,098

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:

Mr R G Fielder - Director

1.	STATUTORY INFORMATION

Leadership Development Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Leadership Development Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

-

20% on cost

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments are assessed at each reporting date to determine whether there is an indication that the investments are impaired. Where there is any indication that an investment may be impaired, the carrying value of the investment is tested for impairment.

An impairment loss is recognised in the profit and loss account for the amount by which the investment's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of the fair value less costs to sell and the value in use.

Investment property

Investment property is shown at its most recent valuation. This valuation was undertaken by R Fielder, a director, who has an extensive knowledge of local property prices. 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 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.

Debtors

Debtors do not carry and interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Creditors

Creditors are not interest bearing and are stated at their nominal value.

Cash and cash equivalents

These comprise cash at bank and other short term highly liquid deposits.

Reserves

The movement in the fair value of investment property to open market value at the balance sheet date is recognised in a non-distributable reserve. This reserve, which also contains appropriate depreciation and deferred tax provisions, may not be distributed to the shareholders.

Any movements in the reserve are not liable to corporation tax and an appropriate deferred tax provision is provided within the reserve.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

1,020

DEPRECIATION

At 1 January 2024

and 31 December 2024

1,020

NET BOOK VALUE

At 31 December 2024

-

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

9,900

NET BOOK VALUE

At 31 December 2024

9,900

At 31 December 2023

9,900

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

848,199

Additions

44,729

Disposals

(534,151

)

At 31 December 2024

358,777

DEPRECIATION

At 1 January 2024

142,560

Charge for year

2,970

Eliminated on disposal

(145,530

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

358,777

At 31 December 2023

705,639

Fair value at 31 December 2024 is represented by:

£

Valuation in 2000

206,653

Cost

152,124

358,777

If investment property had not been revalued it would have been included at the following historical cost:

31.12.24

31.12.23

£

Cost

152,124

313,762

Aggregate depreciation

-

(92,840

)

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other debtors

29,082

18,616

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

-

660

Amounts owed to group undertakings

122,696

101,301

Taxation and social security

142,974

24,468

Other creditors

6,030

37,724

271,700

164,153

9.

RESERVES

31.12.24

31.12.23

£

Distributable

1,449,443

245,621

Non - distributable

186,404

324,477

1,635,847

570,098

Movement in non-distributable reserve

31.12.24

31.12.23

£

Balance brought forward

324,477

326,005

Asset disposals

(120,651

)

-

Fair value uplift

-

Movement in depreciation

-

(1,990

)

Movement in deferred tax

(17,422

)

462

Balance carried forward

186,404

324,477

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Leadership Development Holdings Limited for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Leadership Development Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Leadership Development Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Leadership Development Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Leadership Development Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Leadership Development Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Leadership Development Holdings Limited. You consider that Leadership Development Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Leadership Development Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothmans LLP

10 St Ann Street

Salisbury

Wiltshire

SP1 2DN

26 August 2025