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REGISTERED NUMBER: 10508644 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

THE LITTLE BUTTERFLY COMPANY LIMITED

THE LITTLE BUTTERFLY COMPANY LIMITED (REGISTERED NUMBER: 10508644)






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


THE LITTLE BUTTERFLY COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2021







DIRECTORS: L G Stolzenberg
L M Stolzenberg
J P Stolzenberg
J Smedley
A J Green





REGISTERED OFFICE: One
Bartholomew Close
London
EC1A 7BL





REGISTERED NUMBER: 10508644 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

THE LITTLE BUTTERFLY COMPANY LIMITED (REGISTERED NUMBER: 10508644)

BALANCE SHEET
31 December 2021

31.12.21 31.12.20
Notes £    £   
CURRENT ASSETS
Debtors 4 11,234 17,316
Investments 5 4,404,696 2,209,243
Cash at bank 4,389 60,104
4,420,319 2,286,663
CREDITORS
Amounts falling due within one year 6 251,123 246,128
NET CURRENT ASSETS 4,169,196 2,040,535
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,169,196

2,040,535

CREDITORS
Amounts falling due after more than one
year

7

3,000,000

1,527,206
NET ASSETS 1,169,196 513,329

CAPITAL AND RESERVES
Called up share capital 8 1,081,251 581,251
Retained earnings 9 87,945 (67,922 )
1,169,196 513,329

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 1 September 2022 and were signed on its behalf by:



L G Stolzenberg - Director


THE LITTLE BUTTERFLY COMPANY LIMITED (REGISTERED NUMBER: 10508644)

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

1. STATUTORY INFORMATION

The Little Butterfly Company 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 as modified by the revaluation of certain assets.

Financial instruments
Basic financial instruments as covered by Section 11 of FRS 102 (Section 1A) are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS 102 (Section 1A).

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.

Investments
Unlisted investments are measured at cost less impairment.

Listed investments are measured at fair value with changes in fair value recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Other debtors 11,234 17,316

THE LITTLE BUTTERFLY COMPANY LIMITED (REGISTERED NUMBER: 10508644)

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

5. CURRENT ASSET INVESTMENTS
31.12.21 31.12.20
£    £   
Listed investments 4,169,696 1,974,243
Unlisted investments 235,000 235,000
4,404,696 2,209,243

Listed investments relates to assets held in a managed portfolio of which £797,945.70 (2020: £218,321) is held as cash and £3,048,087 (2020: £1,755,922) in a range of investments. During the year there was a revaluation gain of £195,453 (2020: loss £9,937) which have been charged to the profit and loss account and included in the previously stated fund values.

Unlisted investments relates to tangible assets held as an investment.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors 4,195 -
Other creditors & accruals 246,928 246,128
251,123 246,128

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Other creditors 3,000,000 1,527,206

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number Class Nominal Value 31.12.21 31.12.20
1 Ordinary Type A £1 £1 £1
250,000 Ordinary Type B £1 £500,000 £250,000
250,000 Ordinary Type C £1 £500,000 £250,000
81,250 Ordinary Type D £1 £81,250 £81,250
£1,081,251 £581,251

9. RESERVES
Retained
earnings
£   

At 1 January 2021 (67,922 )
Profit for the year 155,867
At 31 December 2021 87,945

THE LITTLE BUTTERFLY COMPANY LIMITED (REGISTERED NUMBER: 10508644)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

In May 2017, L M Stolzenberg and J P Stolzenberg provided a loan of £750,000 each to The Little Butterfly Company Limited. The loan notes were increased during the year to £1,500,000 each.

These loans were charged interest at a rate of 0.5% per annum up to July 2021 when they became interest free.

The accrued interest was paid out to L M Stolzenberg and J P Stolzenberg during the year.

At the year end the amounts owed to L M Stolzenberg and J P Stolzenberg were £1,500,000 each (2020: £763,603) respectively.

In addition, L G Stolzenberg, A Green and J P Stolzenberg each received AXA Health insurance, resulting in director current accounts. The respective amounts were repaid within 9 months of the year end.

11. SECURED DEBTS

During the year the company created a fixed and floating charge over its assets and a negative pledge all in favour of Credit Suisse.