Company Registration No. 10979016 (England and Wales)
Leon Partnership Limited
Unaudited accounts
for the year ended 31 December 2024
Leon Partnership Limited
Unaudited accounts
Contents
Leon Partnership Limited
Company Information
for the year ended 31 December 2024
Directors
Raffaella Gianfilippi De Parenti
Andrea Velletrani
Company Number
10979016 (England and Wales)
Registered Office
2ND FLOOR
22 EASTCHEAP
LONDON
EC3M 1EU
ENGLAND
Leon Partnership Limited
Statement of financial position
as at 31 December 2024
Tangible assets
11,305
2,393
Cash at bank and in hand
16,744
35,679
Creditors: amounts falling due within one year
15,228
(55,265)
Net current assets
238,735
202,097
Net assets
251,040
205,490
Called up share capital
100
100
Profit and loss account
250,940
205,390
Shareholders' funds
251,040
205,490
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by
Andrea Velletrani
Director
Company Registration No. 10979016
Leon Partnership Limited
Notes to the Accounts
for the year ended 31 December 2024
Leon Partnership Limited is a private company, limited by shares, registered in England and Wales, registration number 10979016. The registered office is 2ND FLOOR, 22 EASTCHEAP, LONDON, EC3M 1EU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The accounts are presented in £ sterling.
The Company's functional currency is £ sterling.
Investments in shares are included at fair value.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% SLM
Computer equipment
25% SLM
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The Directors are taking all reasonable steps, as part of the Company's risk management policy, to ensure continued operations and believe it appropriate for the going concern basis to be adopted for these financial statements.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leon Partnership Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
2,835
3,737
6,572
Additions
8,518
1,229
9,747
At 31 December 2024
11,353
4,966
16,319
At 1 January 2024
1,016
3,163
4,179
Charge for the year
527
308
835
At 31 December 2024
1,543
3,471
5,014
At 31 December 2024
9,810
1,495
11,305
At 31 December 2023
1,819
574
2,393
5
Investments
Other investments
Valuation at 1 January 2024
1,000
Valuation at 31 December 2024
1,000
Investment in Leoncy Partnership Ltd, Cyprus.
Amounts falling due within one year
Trade debtors
190,570
170,450
Accrued income and prepayments
2,166
12,760
Other debtors
5,988
29,994
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,856
5,611
Taxes and social security
2,886
25,719
Other creditors
(31,000)
14,101
Loans from directors
(7,746)
-
Leon Partnership Limited
Notes to the Accounts
for the year ended 31 December 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Raffaella Gianfilippi De Parenti
An amount of £7,745 was advanced to Director/S/o R, de Parenti and repaid out of dividends, within 9 months of these financial statements.
10
Transactions with related parties
Amongst Other Creditors, is an amount of £31,000 (2023: £0) loaned to Shareholder Aquilotto Ltd. The loan has been repaid by nine months after the reporting date
11
Average number of employees
During the year the average number of employees was 3 (2023: 2).