REGISTERED NUMBER:
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LEEDER PROPERTY CONSULTANTS |
LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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1 OCTOBER 2020 TO 29 SEPTEMBER 2021 |
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REGISTERED NUMBER:
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LEEDER PROPERTY CONSULTANTS |
LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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1 OCTOBER 2020 TO 29 SEPTEMBER 2021 |
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LEEDER PROPERTY CONSULTANTS |
LIMITED (REGISTERED NUMBER: 07605140) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 OCTOBER 2020 TO 29 SEPTEMBER 2021 |
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Company Information | 1 |
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Balance Sheet | 2 | to | 3 |
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Notes to the Financial Statements | 4 | to | 7 |
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LEEDER PROPERTY CONSULTANTS |
LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 1 OCTOBER 2020 TO 29 SEPTEMBER 2021 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
3 New Mill Court |
Swansea Enterprise Park |
Swansea |
SA7 9FG |
LEEDER PROPERTY CONSULTANTS |
LIMITED (REGISTERED NUMBER: 07605140) |
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BALANCE SHEET |
29 SEPTEMBER 2021 |
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2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Non-distributable reserve | 9 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
LEEDER PROPERTY CONSULTANTS |
LIMITED (REGISTERED NUMBER: 07605140) |
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BALANCE SHEET - continued |
29 SEPTEMBER 2021 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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LEEDER PROPERTY CONSULTANTS |
LIMITED (REGISTERED NUMBER: 07605140) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 OCTOBER 2020 TO 29 SEPTEMBER 2021 |
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1. | STATUTORY INFORMATION |
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Leeder Property Consultants Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparation |
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The company has both net current assets and net assets at the balance sheet date. |
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The directors have assessed the current financial position of the company and its likely future cashflows and as a consequence he has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. |
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Regarding the impact of COVID-19, the directors have taken all reasonable and necessary measures to safeguard the business. The directors are aware that the situation is continually evolving and are prepared to adapt with the latest developments and recommendations. |
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Significant judgements and estimates |
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors which are considered to be relevant. Actual results may differ from these estimates. |
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The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision only effects that period, or in the period of the revision and future periods if the revision affects both current and future periods. |
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The following are the critical judgements that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements. |
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Impairment of assets |
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the income statement. |
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Provisions and contingencies |
Provisions are recognised when the company has a present obligation as a result of a past event and a reliable estimate can be made of a probable adverse outcome. Otherwise, material contingent liabilities are disclosed unless a transfer of economic benefits is considered remote. Contingent assets are only disclosed if an inflow of economic benefits is probable. |
LEEDER PROPERTY CONSULTANTS |
LIMITED (REGISTERED NUMBER: 07605140) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 OCTOBER 2020 TO 29 SEPTEMBER 2021 |
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2. | ACCOUNTING POLICIES - continued |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. Revenue is recognised evenly over the period to which it relates. |
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Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Tangible fixed assets are measured at cost less depreciation. |
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Financial instruments |
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
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Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Taxation |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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 period end and that are expected to apply to the reversal of the timing difference. |
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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. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
LEEDER PROPERTY CONSULTANTS |
LIMITED (REGISTERED NUMBER: 07605140) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 OCTOBER 2020 TO 29 SEPTEMBER 2021 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 October 2020 |
and 29 September 2021 |
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AMORTISATION |
At 1 October 2020 |
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Charge for period |
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At 29 September 2021 |
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NET BOOK VALUE |
At 29 September 2021 |
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At 30 September 2020 |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 October 2020 |
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Additions |
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At 29 September 2021 |
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DEPRECIATION |
At 1 October 2020 |
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Charge for period |
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At 29 September 2021 |
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NET BOOK VALUE |
At 29 September 2021 |
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At 30 September 2020 |
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Freehold land and buildings were valued on an open market basis on 30 September 2021 by the directors. |
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If freehold land and buildings had not been revalued and were stated on a historical cost basis, they would have been included at a cost of £225,000 (2020 - £225,000) and aggregate depreciation of £45,000 (2020 - £40,500). |
LEEDER PROPERTY CONSULTANTS |
LIMITED (REGISTERED NUMBER: 07605140) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 OCTOBER 2020 TO 29 SEPTEMBER 2021 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2021 | 2020 |
£ | £ |
Bank loans |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 106,972 | 114,388 |
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9. | RESERVES |
Non-distributable |
reserve |
£ |
At 1 October 2020 |
and 29 September 2021 |
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10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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Included in Other creditors is £2,319 (2020 - £460) due to the directors'. The loans are interest free and there are no set repayments terms. |