Leedstone Ltd - Period Ending 2014-02-28
Leedstone Ltd - Period Ending 2014-02-28
Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Leedstone Ltd
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 7) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Leedstone Ltd
for the Year Ended 28 February 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Leedstone Ltd for the year ended 28 February 2014 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Leedstone Ltd, as a body, in accordance with the terms of our engagement letterdated 10 August 2006. Our work has been undertaken solely to prepare for your approval the accounts of Leedstone Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Leedstone Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Leedstone Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Leedstone Ltd. You consider that Leedstone Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Leedstone Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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A-spire Business Partners Ltd
Chartered Accountants
32 Byron Hill Road
Harrow on the Hill
Middlesex
HA2 0HY
30 November 2014
Leedstone Ltd
(Registration number: 3318758)
Abbreviated Balance Sheet at 28 February 2014
Note |
2014
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2013
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Fixed assets |
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Tangible fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current liabilities |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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Shareholders' funds |
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2
Leedstone Ltd
(Registration number: 3318758)
Abbreviated Balance Sheet at 28 February 2014
......... continued
Approved by the Board on
.........................................
Alan Green
Director
3
Leedstone Ltd
Notes to the Abbreviated Accounts for the Year Ended 28 February 2014
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Goodwill costs are amortised fully in the year of expenditure
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
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Investment properties
Fixed asset investments
Leedstone Ltd
Notes to the Abbreviated Accounts for the Year Ended 28 February 2014
......... continued
Deferred tax
Hire purchase and leasing
Financial instruments
Fixed assets |
Tangible assets
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Investments
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Total
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Cost |
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At 1 March 2013 |
1,207,766 |
153,002 |
1,360,768 |
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Revaluations |
95,750 |
- |
95,750 |
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Disposals |
- |
(153,002) |
(153,002) |
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At 28 February 2014 |
1,303,516 |
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1,303,516 |
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Depreciation |
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At 1 March 2013 |
23,870 |
- |
23,870 |
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Charge for the year |
904 |
- |
904 |
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At 28 February 2014 |
24,774 |
- |
24,774 |
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Net book value |
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At 28 February 2014 |
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At 28 February 2013 |
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Leedstone Ltd
Notes to the Abbreviated Accounts for the Year Ended 28 February 2014
......... continued
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Details of undertakings |
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Holding |
Proportion of voting rights and shares held |
Principal activity |
Subsidiary undertakings |
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Ordinary |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2014
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2013
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Amounts falling due within one year |
569,844 |
15,489 |
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Amounts falling due after more than one year |
208,175 |
761,439 |
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Total secured creditors |
778,019 |
776,928 |
Included in the creditors are the following amounts due after more than five years:
2014
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2013
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After more than five years not by instalments |
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Share capital |
Allotted, called up and fully paid shares
2014 |
2013 |
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No. |
£ |
No. |
£ |
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Leedstone Ltd
Notes to the Abbreviated Accounts for the Year Ended 28 February 2014
......... continued
Related party transactions |
Directors' advances and credits |
2014 |
2014 |
2013 |
2013 |
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Lindy Christine Okander |
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Alan Green |
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