Levine Investment Co Ltd - Accounts to registrar (filleted)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LEVINE INVESTMENT CO LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

5

DIRECTOR:

J D Levine

REGISTERED OFFICE:

201 Upwell Street

Sheffield

South Yorkshire

S4 8AL

REGISTERED NUMBER:

11999376 (England and Wales)

ACCOUNTANTS:

Hewitt Card Limited

Chartered Certified Accountants

70-72 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BN

FIXED ASSETS

Tangible assets

4

5,041

6,301

Investment property

5

3,862,000

3,102,266

3,867,041

3,108,567

CURRENT ASSETS

Debtors

6

100,332

102,299

Cash at bank

26,988

18,804

127,320

121,103

CREDITORS

Amounts falling due within one year

7

3,378,097

2,664,977

NET CURRENT LIABILITIES

(3,250,777

)

(2,543,874

)

TOTAL ASSETS LESS CURRENT LIABILITIES

616,264

564,693

PROVISIONS FOR LIABILITIES

1,260

1,575

NET ASSETS

615,004

563,118

CAPITAL AND RESERVES

Called up share capital

165

Retained earnings

614,839

562,953

615,004

563,118

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2025 and were signed by:

J D Levine - Director

1.	STATUTORY INFORMATION

Levine Investment Co Ltd 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.

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

-

25% on reducing balance

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.

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 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.

Investments

Investment in shares are included at fair value and any aggregate surplus or deficit arising from changes in fair values are recognised in the profit and loss.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

and 31 December 2024

17,270

DEPRECIATION

At 1 January 2024

10,969

Charge for year

1,260

At 31 December 2024

12,229

NET BOOK VALUE

At 31 December 2024

5,041

At 31 December 2023

6,301

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

3,102,266

Additions

759,734

At 31 December 2024

3,862,000

NET BOOK VALUE

At 31 December 2024

3,862,000

At 31 December 2023

3,102,266

The company's investment properties are shown in the balance sheet at their fair value at 31 December 2024. The valuation was carried out by the director based on their knowledge of similar properties in the sector.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

2,140

1,000

Amounts owed by associates

89,359

93,846

Other debtors

365

VAT

2,557

2,768

Prepayments

5,911

4,320

100,332

102,299

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

6,903

1,239

Amounts owed to associates

8,053

Tax

13,207

133,031

Directors' current accounts

3,348,734

2,521,654

Accrued expenses

1,200

1,000

3,378,097

2,664,977

The following reproduces the text of the report prepared for the director 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 Director 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 Levine Investment Co Ltd for the year ended 31 December 2024 which comprise the Income Statement, Other Comprehensive Income, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the director of Levine Investment Co Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Levine Investment Co Ltd and state those matters that we have agreed to state to the director of Levine Investment Co Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Levine Investment Co Ltd 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 Levine Investment Co Ltd. You consider that Levine Investment Co Ltd 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 Levine Investment Co Ltd. 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.

Hewitt Card Limited

Chartered Certified Accountants

70-72 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BN

24 September 2025