Leader Companies Holdings Limited Filleted accounts for Companies House (small and micro)

LEADER COMPANIES HOLDINGS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 09682081

LEADER COMPANIES HOLDINGS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 June 2023

LEADER COMPANIES HOLDINGS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2023

Contents	Pages

Balance sheet 1

Notes to the financial statements 2 to 4

LEADER COMPANIES HOLDINGS LIMITED

BALANCE SHEET

30 June 2023

	2023	2022
Note	£	£

Fixed assets

Investments	4	218,941	218,941

Current assets

Debtors	5	8,489	8,489
Cash at bank and in hand		19	19
		------------	------------
		8,508	8,508

Creditors: amounts falling due within one year	6	151,465	199,465
		------------	------------
Net current liabilities		142,957	190,957
		------------	------------
Total assets less current liabilities		75,984	27,984
		------------	------------

Capital and reserves

Called up share capital	7	160	160
Profit and loss account		75,824	27,824
		------------	------------
Shareholders funds		75,984	27,984
		------------	------------

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 profit and loss account has not been delivered.

For the year ending 30 June 2023 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 financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 13 December 2023 , and are signed on behalf of the board by:

N Smith

Director

Company registration number: 09682081

LEADER COMPANIES HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Westgate, Huddersfield, HD1 1PA.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Investments

	Shares in group undertakings
	£
Cost
At 1 July 2022 and 30 June 2023	218,941
	------------
Impairment
At 1 July 2022 and 30 June 2023	–
	------------

Carrying amount
At 30 June 2023	218,941
	------------
At 30 June 2022	218,941
	------------

Subsidiaries, associates and other investments

	Registered office	Class of share	Percentage of shares held
Subsidiary undertakings
Leader Distribution Limited	35 Westgate	Ordinary	100
	Huddersfield
	HD1 1PA

5. Debtors

	2023	2022
	£	£
Amounts owed by group undertakings	8,489	8,489
	------------	------------

6. Creditors: amounts falling due within one year

	2023	2022
	£	£
Directors' loan account	151,465	199,465
	------------	------------

7. Called up share capital

Issued, called up and fully paid

	2023		2022
	No.	£	No.	£
Ordinary shares of £ 1 each	120	120	120	120
A Ordinary shares of £ 1 each	20	20	20	20
B Ordinary shares of £ 1 each	20	20	20	20
	------------	------------	------------	------------
	160	160	160	160
	------------	------------	------------	------------

8. Related party transactions

The directors' loan account of £151,465 (2022: £199,465) included within creditors above are unsecured, repayable on demand and bear interest at a commercial rate. Transactions with the subsidiary company The loan with the subsidiary company is unsecured, repayable on demand and currently interest free. Control of company There is no one controlling party of the company.