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REGISTERED NUMBER: 11551613 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

LIO LONDON LTD

LIO LONDON LTD (REGISTERED NUMBER: 11551613)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


LIO LONDON LTD

COMPANY INFORMATION
for the Year Ended 31 December 2021







DIRECTOR: S Nandi



REGISTERED OFFICE: The Courtyard
14a Sydenham Road
Croydon
CR0 2EE



REGISTERED NUMBER: 11551613 (England and Wales)



SENIOR STATUTORY AUDITOR: Robert Nissen F.C.A.



AUDITORS: Stein Richards
Chartered Accountants and Statutory Auditor
10 London Mews
Paddington
London
W2 1HY

LIO LONDON LTD (REGISTERED NUMBER: 11551613)

STATEMENT OF FINANCIAL POSITION
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 729,270 -
Investments 5 858,126 -
1,587,396 -

CURRENT ASSETS
Debtors 6 1,492,025 1,510
Cash at bank 135,584 34,649
1,627,609 36,159
CREDITORS
Amounts falling due within one year 7 1,210,603 237,880
NET CURRENT ASSETS/(LIABILITIES) 417,006 (201,721 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,004,402

(201,721

)

CREDITORS
Amounts falling due after more than one
year

8

1,464,014

-
NET ASSETS/(LIABILITIES) 540,388 (201,721 )

CAPITAL AND RESERVES
Called up share capital 2,000,001 1
Retained earnings (1,459,613 ) (201,722 )
SHAREHOLDERS' FUNDS 540,388 (201,721 )

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 July 2022 and were signed by:





S Nandi - Director


LIO LONDON LTD (REGISTERED NUMBER: 11551613)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Lio London Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on a going concern basis. The director has been given assurance by the holding company that they will continue to provide adequate cash resources to cover the company's requirements for working capital and capital expenditure for at least the next twelve months from the approval of these accounts.

Preparation of consolidated financial statements
The financial statements contain information about Lio London Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Repairs and maintenance are charged to profit and loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using straight -line method and reducing balance method.

The estimated useful lives range as follows:
Short leasehold property: over the period of lease: 25 years
Improvements to property: over the period of lease: 25 years

The assets' residual values, useful lives and depreciation method are reviewed, and adjusted prospectively if
appropriate, or if there is an indication of a significant change since the last reporting date.

Investments in subsidiaries
Investment in a subsidiary undertaking is recognised at cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans from the group companies.

Debt instruments that are payable or receivable within one year, typically trade parables or receivables, are
measured , initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.


LIO LONDON LTD (REGISTERED NUMBER: 11551613)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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.

Current taxation assets and liabilities are not discounted.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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 year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating lease
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. TANGIBLE FIXED ASSETS
Short Improvements
leasehold to
property property Totals
£    £    £   
COST
Additions 535,772 210,192 745,964
At 31 December 2021 535,772 210,192 745,964
DEPRECIATION
Charge for year 16,694 - 16,694
At 31 December 2021 16,694 - 16,694
NET BOOK VALUE
At 31 December 2021 519,078 210,192 729,270

LIO LONDON LTD (REGISTERED NUMBER: 11551613)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2021

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 858,126
At 31 December 2021 858,126
NET BOOK VALUE
At 31 December 2021 858,126

6. DEBTORS
31.12.21 31.12.20
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 17,281 -
Other debtors 124,744 1,510
142,025 1,510

Amounts falling due after more than one year:
Other debtors 1,350,000 -

Aggregate amounts 1,492,025 1,510

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors 109,154 -
Amounts owed to group undertakings - 230,420
Other creditors 1,101,449 7,460
1,210,603 237,880

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Amounts owed to group undertakings 1,464,014 -

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Nissen F.C.A. (Senior Statutory Auditor)
for and on behalf of Stein Richards

LIO LONDON LTD (REGISTERED NUMBER: 11551613)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2021

10. CAPITAL COMMITMENTS
31.12.21 31.12.20
£    £   
Contracted but not provided for in the
financial statements 125,746 -

11. OTHER FINANCIAL COMMITMENTS

Operating lease commitments not included in the balance sheet amount to £37,447,581.(2020: £37,500,000).

12. RELATED PARTY DISCLOSURES

Included in debtors are amounts owed by a group company totalling £17,282 (2020: £nil). The loan is interest free and repayable as and when cashflow allows.

13. ULTIMATE PARENT UNDERTAKING

The ultimate parent company is Universo Pacha SA (incorporated in Spain). The registered office address is Avenida 8 D'Agost 27, 07800, Eivissa, Spain.

The smallest and largest group in which the results of the company are consolidated is that headed by Universo Pacha SA. The consolidated financial statements of this group are available to the public and may be obtained from the registered office.