LEVISON GROUP OF COMPANIES LTD Filleted Accounts Cover
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00377455
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(England & Wales)
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HCA Group
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Chartered Accountants
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Leeds
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LEVISON GROUP OF COMPANIES LTD Directors Report Registrar
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The Director presents his report and the accounts for the year ended 31 March 2020.
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Principal activities
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Director
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The Director who served at any time during the year was as follows:
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Glenn Levison
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Signed on behalf of the board
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Glenn Levison
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Director
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08 September 2020
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LEVISON GROUP OF COMPANIES LTD Balance Sheet Registrar
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at
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Notes
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2020
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2019
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£
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£
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Fixed assets
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Investment property
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3
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Current assets
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Debtors
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4
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Cash at bank and in hand
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Creditors: Amount falling due within one year
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5
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(
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(
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Net current assets
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Total assets less current liabilities
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Provisions for liabilities
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Deferred taxation
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6
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(
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(
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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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6
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Profit and loss account
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7
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Total equity
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As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
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Company No.
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00377455
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Approved by the board on 08 September 2020
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And signed on its behalf by:
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Glenn Levison
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Director
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08 September 2020
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LEVISON GROUP OF COMPANIES LTD Notes to the Accounts Registrar
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for the year ended 31 March 2020
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1
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Accounting policies
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Basis of preparation
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Turnover
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Taxation
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The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. |
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Freehold investment property
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No depreciation is provided in respect of investment properties. |
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Investments
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Trade and other debtors
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Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
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Trade and other creditors
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Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Provisions
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Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. |
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2
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Employees
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2020
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2019
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Number
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Number
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The average number of persons employed during the year :
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3
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Investment property
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Freehold Investment Property
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£
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Valuation
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At 1 April 2019
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Additions
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At 31 March 2020
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The fair value of the Company's investment property has been arrived at on the basis of a valuation carried out by the Company director, on an open market value basis. The valuation was carried out by reference to market evidence of transaction prices for similar properties.
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4
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Debtors
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2020
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2019
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£
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£
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Trade debtors
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Amounts owed by group undertakings
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Loans to directors
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Other debtors
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5
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Creditors:
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amounts falling due within one year
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2020
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2019
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£
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£
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Amounts owed to group undertakings
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Corporation tax
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Other taxes and social security
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Accruals and deferred income
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6
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Provisions for liabilities
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Deferred taxation
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Accelerated capital allowances, losses and other timing differences
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Arising from revaluation
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Total
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£
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£
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£
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At 1 April 2019
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At 31 March 2020
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7
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Reserves
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Revaluation Reserve
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Total other reserves
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£
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£
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At 1 April 2018
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Movement on revaluation reserve
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(
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(
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At 31 March 2019 and 1 April 2019
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At 31 March 2020
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8
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Dividends
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2020
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2019
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£
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£
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Dividends for the period:
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Dividends paid in the period
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60,000
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-
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Dividends by type:
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Equity dividends
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60,000
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-
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9
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Related party disclosures
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Controlling parties
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Immediate controlling party
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Ultimate controlling party
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Glenn Levison
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10
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Additional information
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Its registered number is:
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Its registered office is:
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