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REGISTERED NUMBER:
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REPORT OF THE DIRECTORS AND |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2017 |
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LEVERAGE UK LIMITED |
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REGISTERED NUMBER:
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REPORT OF THE DIRECTORS AND |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2017 |
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LEVERAGE UK LIMITED |
LEVERAGE UK LIMITED (REGISTERED NUMBER: 07979641) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31st March 2017 |
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Company Information | 1 |
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Report of the Directors | 2 |
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Chartered Accountants' Report | 3 |
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Income Statement | 4 |
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Other Comprehensive Income | 5 |
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Balance Sheet | 6 |
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Notes to the Financial Statements | 7 |
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LEVERAGE UK LIMITED |
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COMPANY INFORMATION |
For The Year Ended 31st March 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Bank House |
81 St Judes Road |
Englefield Green |
Surrey |
TW20 0DF |
LEVERAGE UK LIMITED (REGISTERED NUMBER: 07979641) |
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REPORT OF THE DIRECTORS |
For The Year Ended 31st March 2017 |
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The directors present their report with the financial statements of the company for the year ended 31st March 2017. |
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PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of holding investment properties and lettings. |
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DIRECTORS |
The directors shown below have held office during the whole of the period from 1st April 2016 to the date of this report. |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
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ON BEHALF OF THE BOARD: |
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CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
LEVERAGE UK LIMITED |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Leverage UK Limited for the year ended 31st March 2017 which comprise the Income Statement, |
Other Comprehensive Income, Balance Sheet and the related notes from the company's accounting records and from |
information and explanations you have given us. |
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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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of Leverage UK Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Leverage UK Limited and state those matters that we have agreed to state to the Board of Directors of Leverage UK Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Leverage UK Limited Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Leverage UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Leverage UK Limited. You consider that Leverage UK Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Leverage UK Limited. 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 financial statements. |
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Bank House |
81 St Judes Road |
Englefield Green |
Surrey |
TW20 0DF |
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LEVERAGE UK LIMITED (REGISTERED NUMBER: 07979641) |
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INCOME STATEMENT |
For The Year Ended 31st March 2017 |
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2017 | 2016 |
Notes | £ | £ |
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TURNOVER |
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Administrative expenses |
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3,741 | 7,150 |
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Other operating income |
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OPERATING PROFIT |
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Interest payable and similar expenses |
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PROFIT BEFORE TAXATION |
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Tax on profit |
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PROFIT FOR THE FINANCIAL YEAR |
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LEVERAGE UK LIMITED (REGISTERED NUMBER: 07979641) |
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OTHER COMPREHENSIVE INCOME |
For The Year Ended 31st March 2017 |
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2017 | 2016 |
Notes | £ | £ |
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PROFIT FOR THE YEAR |
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OTHER COMPREHENSIVE INCOME | - | - |
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR |
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LEVERAGE UK LIMITED (REGISTERED NUMBER: 07979641) |
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BALANCE SHEET |
31st March 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 3 |
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CREDITORS |
Amounts falling due within one year | 4 |
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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
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5 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
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The financial statements were approved by the Board of Directors on
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LEVERAGE UK LIMITED (REGISTERED NUMBER: 07979641) |
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NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31st March 2017 |
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1. | STATUTORY INFORMATION |
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Leverage UK Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents rents receivable on properties within the UK. Rents are receivable on a weekly and monthly |
basis and where payments are receivable from tenants for periods ending after the balance sheet date, the |
relevant proportion of rent receivable is recorded as deferred income and included as part of creditors due within |
one year.. |
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3. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1st April 2016 |
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Additions |
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Revaluations | 29,000 |
At 31st March 2017 |
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NET BOOK VALUE |
At 31st March 2017 |
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At 31st March 2016 |
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Cost or valuation at 31st March 2017 is represented by: |
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Valuation in 2016 | 280,000 |
Valuation in 2017 | 71,243 |
351,243 |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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LEVERAGE UK LIMITED (REGISTERED NUMBER: 07979641) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31st March 2017 |
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5. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2017 | 2016 |
£ | £ |
Other creditors |
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6. | RELATED PARTY DISCLOSURES |
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The company is controlled by its directors. |
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At the balance sheet date the company owed the director, Mr M Simon £60,048 (2016 - £55,880. This loan is |
unsecured, interest free and is repayable on demand and included in Note 5 Creditor: Amounts falling due after |
more than one year. |