Level Ten Associates Limited - Filleted accounts

Registered number

06920508

Level Ten Associates Limited

Unaudited Filleted Accounts

31 March 2026

Level Ten Associates Limited
Registered number:		06920508
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		1,333			-

Current assets
Debtors	5	510			971
Cash at bank and in hand		809			1,219
		1,319			2,190

Creditors: amounts falling due within one year	6	(9,923)			(4,611)

Net current liabilities			(8,604)			(2,421)

Net liabilities			(7,271)			(2,421)

Capital and reserves
Called up share capital			16,501			16,501
Profit and loss account			(23,772)			(18,922)

Shareholder's funds			(7,271)			(2,421)

The directors are 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 directors acknowledge their 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.




G A Mousinho
Director
Approved by the board on 7 October 2026

Level Ten Associates Limited
Notes to the Accounts
for the year ended 31 March 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).
2	Going concern

	The company is in receipt of an interest free unsecure loan from one of the Directors, which provides working capital for the company. The director has confirmed that he will not seek repayment of this loan until the company has adequate working capital to enable this to happen. In view of this support, the Directors believe that the company is going concern and the accounts have therefore been prepared on that basis.

	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 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.

	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:

	Office equipment etc			over 3 years

	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


3	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					2		2


4	Tangible fixed assets
								Office equipment etc
£
	Cost
	At 1 April 2025							3,506
	Additions							1,999
	Disposals							(3,506)
	At 31 March 2026							1,999

	Depreciation
	At 1 April 2025							3,506
	Charge for the year							666
	On disposals							(3,506)
	At 31 March 2026							666

	Net book value
	At 31 March 2026							1,333


5	Debtors					2026		2025
£							£

	Other debtors					510		971


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

	Director's loan account					9,298		3,986
	Other creditors					625		625
						9,923		4,611


7	Loans from directors
	Description and conditions	B/fwd	Received		Repaid		C/fwd
£			£		£		£
	G A Mousinho
	Loan from director	3,986		5,312		-		9,298

		3,986		5,312		-		9,298

	The loan from the director is interest free, unsecured and repayable on demand.


8	Controlling party

	The controlling party is G A Mousinho.


9	Other information

	Level Ten Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Mapledene House
	North Road
	Chesham Bois
	Buckinghamshire
	HP6 5NA