Leicester Street Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04377341

Unaudited Financial Statements

For The Year Ended 30 April 2023

for

Leicester Street Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Mullins

Mrs H E R Mullins

Q J Mullins

SECRETARY:

Q J Mullins

REGISTERED OFFICE:

Avalon House

Waltham Business Park

Brickyard Road, Swanmore

Southampton

Hampshire

SO32 2SA

REGISTERED NUMBER:

04377341

ACCOUNTANTS:

Butler & Co (Bishops Waltham) Limited

Chartered Accountants

Avalon House

Waltham Business Park

Brickyard Road, Swanmore

Southampton

Hampshire

SO32 2SA

FIXED ASSETS

Tangible assets

5

1,353

2,226

Investment property

6

225,000

225,000

226,353

227,226

CURRENT ASSETS

Debtors

7

342

2,175

Cash at bank

4,096

3,509

4,438

5,684

CREDITORS

Amounts falling due within one year

8

60,463

68,953

NET CURRENT LIABILITIES

(56,025

)

(63,269

)

TOTAL ASSETS LESS CURRENT LIABILITIES

170,328

163,957

PROVISIONS FOR LIABILITIES

19,713

19,879

NET ASSETS

150,615

144,078

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

150,515

143,978

SHAREHOLDERS' FUNDS

150,615

144,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2023 and were signed on its behalf by:

D J Mullins - Director

1.	STATUTORY INFORMATION

Leicester Street Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% reducing balance basis

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 May 2022

and 30 April 2023

170

3,078

3,248

DEPRECIATION

At 1 May 2022

147

875

1,022

Charge for year

5

868

873

At 30 April 2023

152

1,743

1,895

NET BOOK VALUE

At 30 April 2023

18

1,335

1,353

At 30 April 2022

23

2,203

2,226

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2022

and 30 April 2023

225,000

NET BOOK VALUE

At 30 April 2023

225,000

At 30 April 2022

225,000

Fair value at 30 April 2023 is represented by:

£

Valuation in 2010

52,401

Valuation in 2021

50,000

Cost

122,599

225,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade debtors

-

1,816

Prepayments

342

359

342

2,175

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Payments on account

134

-

Trade creditors

-

60

Tax

1,700

2,277

VAT

557

544

Directors' current accounts

57,062

65,062

Accrued expenses

1,010

1,010

60,463

68,953