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REGISTERED NUMBER: 12451550 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

FOR

LEXINGTON ASSOCIATES LIMITED

LEXINGTON ASSOCIATES LIMITED (REGISTERED NUMBER: 12451550)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LEXINGTON ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2022







DIRECTORS: W M Shute
N J Shute





REGISTERED OFFICE: Orchard House
Bagbury Lane
LYDIARD MILLICENT
Wiltshire
SN5 4LX





REGISTERED NUMBER: 12451550 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

LEXINGTON ASSOCIATES LIMITED (REGISTERED NUMBER: 12451550)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2022

2022 2021
Notes £    £   
FIXED ASSETS
Investments 4 75,651 52,155

CURRENT ASSETS
Debtors 5 4,167 6,750
Cash at bank 14,697 16,263
18,864 23,013
CREDITORS
Amounts falling due within one year 6 (15,734 ) (12,664 )
NET CURRENT ASSETS 3,130 10,349
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,781

62,504

CREDITORS
Amounts falling due after more than
one year

7

(33,333

)

(43,333

)

PROVISIONS FOR LIABILITIES (2,296 ) (409 )
NET ASSETS 43,152 18,762

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 43,052 18,662
SHAREHOLDERS' FUNDS 43,152 18,762

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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.

LEXINGTON ASSOCIATES LIMITED (REGISTERED NUMBER: 12451550)

STATEMENT OF FINANCIAL POSITION - continued
28 FEBRUARY 2022


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 Statement of Comprehensive Income 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 M Shute - Director


LEXINGTON ASSOCIATES LIMITED (REGISTERED NUMBER: 12451550)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022


1. STATUTORY INFORMATION

Lexington Associates 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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

LEXINGTON ASSOCIATES LIMITED (REGISTERED NUMBER: 12451550)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022


4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2021 52,155
Additions 55,025
Disposals (41,510 )
Revaluations 9,981
At 28 February 2022 75,651
NET BOOK VALUE
At 28 February 2022 75,651
At 28 February 2021 52,155

Cost or valuation at 28 February 2022 is represented by:

Other
investments
£   
Valuation in 2021 52,155
Valuation in 2022 23,496
75,651

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 4,053 1,750
Other debtors 114 5,000
4,167 6,750

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 6,667
Trade creditors 60 531
Taxation and social security 4,102 3,968
Other creditors 1,572 1,498
15,734 12,664

LEXINGTON ASSOCIATES LIMITED (REGISTERED NUMBER: 12451550)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans 33,333 43,333

8. RELATED PARTY DISCLOSURES

Included within debtors: amounts falling due within one year is a director's loan account in the sum of £113 (2021: £5,000). The account is unsecured, accrues interest at HM Revenue & Customs ("HMRC") official rate and was repaid after the year end.