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REGISTERED NUMBER: 10508210 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 December 2022

for

LSL LIMITED

LSL LIMITED (REGISTERED NUMBER: 10508210)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LSL LIMITED

Company Information
FOR THE YEAR ENDED 31 December 2022







DIRECTORS: J Alongi
G Alongi





REGISTERED OFFICE: 20-22 Wenlock Road
London
N1 7GU





REGISTERED NUMBER: 10508210 (England and Wales)





ACCOUNTANTS: Mitchell Glanville (Bristol) Limited
The Garden Suite
23 Westfield Park
Redland
Bristol
BS6 6LT

LSL LIMITED (REGISTERED NUMBER: 10508210)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,010 37,515
Tangible assets 5 1,686 5,609
Investments 6 187,039 120,928
213,735 164,052

CURRENT ASSETS
Debtors 7 115,850 4,800
Cash at bank 42,121 53,078
157,971 57,878
CREDITORS
Amounts falling due within one year 8 122,806 39,197
NET CURRENT ASSETS 35,165 18,681
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,900

182,733

CREDITORS
Amounts falling due after more than one year 9 27,443 37,269
NET ASSETS 221,457 145,464

CAPITAL AND RESERVES
Called up share capital 10 100 2
Retained earnings 221,357 145,462
SHAREHOLDERS' FUNDS 221,457 145,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2023 and were signed on its behalf by:





J Alongi - Director


LSL LIMITED (REGISTERED NUMBER: 10508210)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 December 2022

1. STATUTORY INFORMATION

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

LSL LIMITED (REGISTERED NUMBER: 10508210)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 December 2022

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2022
and 31 December 2022 62,525
AMORTISATION
At 1 January 2022 25,010
Charge for year 12,505
At 31 December 2022 37,515
NET BOOK VALUE
At 31 December 2022 25,010
At 31 December 2021 37,515

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022
and 31 December 2022 25,893
DEPRECIATION
At 1 January 2022 20,284
Charge for year 3,923
At 31 December 2022 24,207
NET BOOK VALUE
At 31 December 2022 1,686
At 31 December 2021 5,609

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2022 120,928
Additions 76,271
Revaluations (10,160 )
At 31 December 2022 187,039
NET BOOK VALUE
At 31 December 2022 187,039
At 31 December 2021 120,928

LSL LIMITED (REGISTERED NUMBER: 10508210)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 December 2022

6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2022 is represented by:

Other
investments
£   
Valuation in 2022 187,039

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 4,800 4,800
Amounts owed by group undertakings 111,050 -
115,850 4,800

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 9,829 9,586
Trade creditors 367 -
Amounts owed to group undertakings 87,500 3,000
Taxation and social security 22,739 24,642
Other creditors 2,371 1,969
122,806 39,197

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 27,443 37,269

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary 1 100 2

98 Ordinary shares of 1 each were allotted and fully paid for cash at par during the year.