Levantine V Ltd - Filleted accounts

Registered number

12476098

Levantine V Ltd

Unaudited Filleted Accounts

31 January 2026

Levantine V Ltd
Registered number:		12476098
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		158,506			193,300

Current assets
Debtors	4	606,258			307,634
Cash at bank and in hand		249,153			196,486
		855,411			504,120

Creditors: amounts falling due within one year	5	(863,361)			(782,730)

Net current liabilities			(7,950)			(278,610)

Total assets less current liabilities			150,556			(85,310)

Creditors: amounts falling due after more than one year	6		-			(4,623)



Net assets/(liabilities)			150,556			(89,933)

Capital and reserves
Called up share capital			1			1
Profit and loss account			150,555			(89,934)

Shareholder's funds			150,556			(89,933)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Naji Alayass
Director
Approved by the board on 9 June 2026

Levantine V Ltd
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold improvements	18% reducing balance
	Fixtures, fittings, tools and equipment	18% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			14		14


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 February 2025	21,480		265,707		287,187
	At 31 January 2026	21,480		265,707		287,187

	Depreciation
	At 1 February 2025	7,037		86,850		93,887
	Charge for the year	2,600		32,194		34,794
	At 31 January 2026	9,637		119,044		128,681

	Net book value
	At 31 January 2026	11,843		146,663		158,506
	At 31 January 2025	14,443		178,857		193,300


4	Debtors			2026		2025
£					£

	Trade debtors			60,479		74,264
	Other debtors			545,779		233,370
				606,258		307,634


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			6,703		11,210
	Trade creditors			54,953		30,105
	Taxation and social security costs			88,344		21,532
	Other creditors			713,361		719,883
				863,361		782,730


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			-		4,623


7	Controlling party

	The ultimate controlling party was Mr. N. Alayass.


8	Other information

	Levantine V Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	26 Noel Street
	London
	W1F 8GY