Levitate Holdings Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 13539748

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		16,362		22,312
Investments	5		15,603		-

			31,965		22,312
CURRENT ASSETS
Debtors	6	277,852		38,560
Cash at bank and in hand		65,311		2,134

		343,163		40,694
Creditors: Amounts Falling Due Within One Year	7	(124,999 )		(33,595 )

NET CURRENT ASSETS (LIABILITIES)			218,164		7,099

TOTAL ASSETS LESS CURRENT LIABILITIES			250,129		29,411

NET ASSETS			250,129		29,411

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			250,029		29,311

SHAREHOLDERS' FUNDS			250,129		29,411

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Steven Frost

Director

31 October 2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Levitate Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13539748 . The registered office is 5 Den Road, Teignmouth, Devon, TQ14 8AR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles

20% Straight Line

2.4. Financial Instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

2.5. Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

2.6. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

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Levitate Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2024

4. Tangible Assets

	Motor Vehicles
	£
Cost
As at 1 August 2023	29,750

As at 31 July 2024	29,750

Depreciation
As at 1 August 2023	7,438
Provided during the period	5,950

As at 31 July 2024	13,388

Net Book Value
As at 31 July 2024	16,362

As at 1 August 2023	22,312

5. Investments

	Unlisted
	£
Cost
As at 1 August 2023	-
Additions	15,603

As at 31 July 2024	15,603

Provision
As at 1 August 2023	-

As at 31 July 2024	-

Net Book Value
As at 31 July 2024	15,603

As at 1 August 2023	-

6. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	3,930	3,025
Other debtors	273,922	-
Amounts owed by subsidiaries	-	35,535

	277,852	38,560

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Levitate Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	1,270	3,585
VAT	12,000	-
Accruals and deferred income	26,075	1,000
Director's loan account	-	1,069
Amounts owed to subsidiaries	85,654	27,941

	124,999	33,595

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

During the year the company incurred sales totalling £66,576 (2023: £17,089) to connected companies. The sales are to be considered at market value.

At 31 July 2024, the company owed connected companies £85,654 (2023: £27,941). These amounts are interest free, payable on demand and are included in creditors due within one year.

At 31 July 2024, the company was owed £0 (2023: £35,535) from connected companies. These amounts are interest free, payable on demand and are included in debtors due within one year.

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