Registration number: 12095332

Led By Donkeys Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Led By Donkeys Ltd

(Registration number: 12095332)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	57,826	36,043
Current assets
Debtors	5	18,543	5,114
Cash at bank and in hand		227,971	264,366
		246,514	269,480
Creditors: Amounts falling due within one year	6	(209,237)	(112,585)
Net current assets		37,277	156,895
Net assets		95,103	192,938
Reserves
Retained earnings		95,103	192,938
Surplus		95,103	192,938

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 September 2025 and signed on its behalf by:
 

......................................... J Z P Sadri Director

Led By Donkeys Ltd

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

1	General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
71-75 Shelton Street
Covent Garden
London
Greater London
WC2H 9JQ
England

These financial statements were authorised for issue by the Board on 22 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Going concern

These financial statements have been prepared on the going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Led By Donkeys Ltd

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

The directors are of the opinion that the company passes the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a not for profit company for UK corporation tax purposes.

Accordingly, a not for profit company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to not for profit purposes.

On this basis the directors have not included a provision for corporation tax in the company's financial statement.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance
Land and Buildings - Long Leasehold	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Led By Donkeys Ltd

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

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 4 (2023 - 4).

4	Tangible assets

	Long leasehold land and buildings £	Office equipment £	Total £
Cost or valuation
At 1 January 2024	9,070	43,027	52,097
Additions	-	42,130	42,130
Disposals	-	(1,429)	(1,429)
At 31 December 2024	9,070	83,728	92,798
Depreciation
At 1 January 2024	1,701	14,353	16,054
Charge for the year	1,842	17,433	19,275
Eliminated on disposal	-	(357)	(357)
At 31 December 2024	3,543	31,429	34,972
Carrying amount
At 31 December 2024	5,527	52,299	57,826
At 31 December 2023	7,369	28,674	36,043

Included within the net book value of land and buildings above is £5,527 (2023 - £7,369) in respect of long leasehold land and buildings.
 

5

Debtors

	Note	2024 £	2023 £
Other debtors		10,136	5,114
Prepayments		8,405	-
Income tax asset		2	-
		18,543	5,114

Led By Donkeys Ltd

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

6

Creditors

Due within one year	Note	2024 £	2023 £
Trade creditors		1,150	3,770
Amounts due to related parties	7	363	-
Social security and other taxes		4,064	5,072
Accruals		203,660	103,480
Corporation tax		-	263
		209,237	112,585