Registration number: 06438987

Levy Affiliated Limited

Contents
__________________________________________________________________________

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Levy Affiliated Limited

Company Information
__________________________________________________________________________

Directors

C Levy A Levy E Levy

 

Company secretary

C Levy

Registered office

342 Regents Park Road Finchley London N3 2LJ

Accountants

Brooks Green Chartered AccountantsAbbey House 342 Regents Park Road London N3 2LJ

Levy Affiliated Limited

(Registration number: 06438987)
Balance Sheet as at 31 October 2025
__________________________________________________________________________

	Note	2025 £		2024 £
Fixed assets
Tangible assets	3		981,533		938,699
Current assets
Debtors	4	96,491		156,492
Cash at bank and in hand		17,345		11,385
		113,836		167,877
Creditors: Amounts falling due within one year	5	(259,403)		(185,923)
Net current liabilities			(145,567)		(18,046)
Total assets less current liabilities			835,966		920,653
Creditors: Amounts falling due after more than one year	5		(372,539)		(397,533)
Net assets			463,427		523,120
Capital and reserves
Called up share capital	6	150		150
Retained earnings		463,277		522,970
Shareholders' funds			463,427		523,120

For the financial year ending 31 October 2025 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 and 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 30 July 2026 and signed on its behalf by:
 

......................................... A Levy Director

Levy Affiliated Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025
__________________________________________________________________________

1	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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Revenue recognition

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

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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
Fixtures and fittings	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.

Levy Affiliated Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025
__________________________________________________________________________

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

Levy Affiliated Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025
__________________________________________________________________________

3	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 November 2024	938,674	1,088	939,762
Additions	42,840	-	42,840
At 31 October 2025	981,514	1,088	982,602
Depreciation
At 1 November 2024	-	1,063	1,063
Charge for the year	-	6	6
At 31 October 2025	-	1,069	1,069
Carrying amount
At 31 October 2025	981,514	19	981,533
At 31 October 2024	938,674	25	938,699

Included within the net book value of land and buildings above is £981,514 (2024 - £938,674) in respect of freehold land and buildings.
 

4

Debtors

Current	2025 £	2024 £
Other debtors	96,491	156,492
	96,491	156,492

Levy Affiliated Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025
__________________________________________________________________________

5

Creditors

Creditors: amounts falling due within one year

		2025 £	2024 £
Due within one year
Bank loans and overdrafts		21,877	21,878
Directors current account		178,195	104,884
Taxation and social security		54,504	51,729
Other creditors		4,827	7,432
		259,403	185,923
Due after one year
Loans and borrowings		372,539	397,533

6	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	150	150	150	150