Leadgates Investments Limited - Accounts to registrar (filleted) - small 18.2
Leadgates Investments Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020 |
| FOR |
| LEADGATES INVESTMENTS LIMITED |
| LEADGATES INVESTMENTS LIMITED (REGISTERED NUMBER: 09078698) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| LEADGATES INVESTMENTS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 JUNE 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 35 Wilkinson Street |
| Sheffield |
| South Yorkshire |
| S10 2GB |
| LEADGATES INVESTMENTS LIMITED (REGISTERED NUMBER: 09078698) |
| BALANCE SHEET |
| 30 JUNE 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| LEADGATES INVESTMENTS LIMITED (REGISTERED NUMBER: 09078698) |
| BALANCE SHEET - continued |
| 30 JUNE 2020 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| LEADGATES INVESTMENTS LIMITED (REGISTERED NUMBER: 09078698) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2020 |
| 1. | STATUTORY INFORMATION |
| Leadgates Investments Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| Monetary amounts included in the financial statements are rounded to the nearest £. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents dividends and interest income received from equity and bond instruments. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2019 - NIL). |
| LEADGATES INVESTMENTS LIMITED (REGISTERED NUMBER: 09078698) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2020 |
| 4. | FIXED ASSET INVESTMENTS |
| Listed | Listed |
| investments | Investments |
| Equties | Bonds | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 July 2019 | 13,486,588 |
| Additions | 1,959,685 |
| Disposals | ( |
) | ( |
) | (1,910,824 | ) |
| Revaluations | ( |
) | ( |
) | (822,562 | ) |
| At 30 June 2020 | 12,712,887 |
| NET BOOK VALUE |
| At 30 June 2020 | 12,712,887 |
| At 30 June 2019 | 13,486,588 |
| All the fixed asset investment are listed investments and are valued at market value at the reporting date. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Other creditors |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2020 | 2019 |
| £ | £ |
| Other loans |
| The loans relate to a line of credit provided by the company's investment advisors and are secured on the company's investment portfolio. The loan is repayable on demand, |
| LEADGATES INVESTMENTS LIMITED (REGISTERED NUMBER: 09078698) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2020 |
| 9. | RELATED PARTY DISCLOSURES |
| Included in other creditors is loan from the shareholder of £10,000,059 (2019 £10,719.670), this loan has no set repayment or interest terms. In the opinion of the directors there would be no benefit in calculating a theoretical carrying value at amortised cost as required by FRS102,. The balances continue to be carried at transaction price. |
| The controlling party is R Thompson. |
| The ultimate controlling party is |