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REGISTERED NUMBER: 03484595 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2021

for

Lionvest Trading (UK) Limited

Lionvest Trading (UK) Limited (Registered number: 03484595)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lionvest Trading (UK) Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: W S Gumbrell
S L Loo





SECRETARY: D Redman





REGISTERED OFFICE: 41b Beach Road
Littlehampton
West Sussex
BN17 5JA





REGISTERED NUMBER: 03484595 (England and Wales)






Lionvest Trading (UK) Limited (Registered number: 03484595)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £   
FIXED ASSETS
Tangible assets 4 42,108 26,722

CURRENT ASSETS
Stocks 793,065 663,863
Debtors 5 962,636 1,018,308
Cash at bank and in hand 259,212 530,193
2,014,913 2,212,364
CREDITORS
Amounts falling due within one year 6 (1,136,930 ) (1,582,289 )
NET CURRENT ASSETS 877,983 630,075
TOTAL ASSETS LESS CURRENT
LIABILITIES

920,091

656,797

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 910,091 646,797
SHAREHOLDERS' FUNDS 920,091 656,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 31 August 2022 and were signed on its behalf by:





W S Gumbrell - Director


Lionvest Trading (UK) Limited (Registered number: 03484595)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Lionvest Trading (UK) Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 or deferred 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

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.

Lionvest Trading (UK) Limited (Registered number: 03484595)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2020 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2021 9,567 8,485 65,639 58,202 141,893
Additions - 595 31,995 1,798 34,388
At 31 December 2021 9,567 9,080 97,634 60,000 176,281
DEPRECIATION
At 1 January 2021 5,980 7,842 48,399 52,950 115,171
Charge for year 956 373 13,374 4,299 19,002
At 31 December 2021 6,936 8,215 61,773 57,249 134,173
NET BOOK VALUE
At 31 December 2021 2,631 865 35,861 2,751 42,108
At 31 December 2020 3,587 643 17,240 5,252 26,722

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 754,166 808,910
Amounts owed by group undertakings 146,648 145,285
Other debtors 61,822 64,113
962,636 1,018,308

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts - 410,975
Trade creditors 711,723 742,058
Taxation and social security 221,609 296,794
Other creditors 203,598 132,462
1,136,930 1,582,289

7. SECURED DEBTS

The following secured debts are included within creditors:

31.12.21 31.12.20
£    £   
Finance line - 85,975

The finance line is secured against the trade debtors.

Lionvest Trading (UK) Limited (Registered number: 03484595)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

8. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had total financial commitments of £28,000.