Leeds Residential Services Ltd 30/03/2021 iXBRL

LEEDS RESIDENTIAL SERVICES LTD - Company Information

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Company registration number: 10041409

Leeds Residential Services Ltd

Unaudited filleted financial statements

30 March 2021

Leeds Residential Services Ltd

Directors and other information


	Director	Mr Y C Archbold
		Ms Heather Archbold


	Company number	10041409


	Registered office	Green Bank
		Margaret Avenue
		Leeds
		LS17 9AU


	Business address	Green Bank
		Margaret Avenue
		Leeds
		LS17 9AU


	Accountants	Hodgson Hey Limited
		Heritage Exchange
		South Lane
		Elland
		HX5 0HG




	Bankers	Handelsbanken
		2nd Floor
		North Lane House
		Headingley
		Leeds
		LS6 3HG

Leeds Residential Services Ltd

Statement of financial position

30 March 2021

		2021		2020
	Note	£	£	£	£

Fixed assets
Investments	4	502,893		502,893
		_______		_______
			502,893		502,893

Current assets
Cash at bank and in hand		9,977		4,464
		_______		_______
		9,977		4,464
Creditors: amounts falling due
within one year	5	( 271,310)		( 277,147)
		_______		_______
Net current liabilities			( 261,333)		( 272,683)
			_______		_______
Total assets less current liabilities			241,560		230,210

Creditors: amounts falling due
after more than one year	6		( 171,534)		( 179,892)
			_______		_______
Net assets			70,026		50,318
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			69,926		50,218
			_______		_______
Shareholders funds			70,026		50,318
			_______		_______

For the year ending 30 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 29 March 2022 , and are signed on behalf of the board by:

Mr Y C Archbold

Director

Company registration number: 10041409

Leeds Residential Services Ltd

Notes to the financial statements

Year ended 30 March 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Leeds Residential Services Ltd, Green Bank, Margaret Avenue, Leeds, LS17 9AU.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

4. Investments

	Other investments other than loans	Total
	£	£
Cost
At 31 March 2020 and 30 March 2021	502,893	502,893
	_______	_______
Impairment
At 31 March 2020 and 30 March 2021	-	-
	_______	_______
Carrying amount
At 30 March 2021	502,893	502,893
	_______	_______
At 30 March 2020	502,893	502,893
	_______	_______

5. Creditors: amounts falling due within one year

	2021	2020
	£	£
Bank loans and overdrafts	8,357	8,357
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,731	19,669
Corporation tax	9,963	5,297
Other creditors	251,259	243,824
	_______	_______
	271,310	277,147
	_______	_______

Bank borrowings are secured against the assets to which they relate.

6. Creditors: amounts falling due after more than one year

	2021	2020
	£	£
Bank loans and overdrafts	171,534	179,892
	_______	_______

Bank borrowings are secured against the assets to which they relate.

7. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2021
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Mr Y C Archbold	( 241,718)	( 7,262)	( 248,980)
		_______	_______	_______

2020
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Mr Y C Archbold	( 267,898)	26,180	( 241,718)
		_______	_______	_______

8. Controlling party

The company was controlled throughout the period by the director who owns 100% of the issued share capital.