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L P Squared Ltd

Registered Number
07700639
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

L P Squared Ltd
Company Information
for the year from 1 July 2022 to 30 June 2023

Directors

Lena Papadouri Fox
Louisa Papadouri
John Leonida

Registered Address

42 High Street, Wanstead
London
E11 2RJ

Registered Number

07700639 (England and Wales)
L P Squared Ltd
Balance Sheet as at
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets61,048678
1,048678
Current assets
Debtors230,556239,156
Cash at bank and on hand216,112175,803
446,668414,959
Creditors amounts falling due within one year8(48,031)(19,270)
Net current assets (liabilities)398,637395,689
Total assets less current liabilities399,685396,367
Provisions for liabilities9(199)(129)
Net assets399,486396,238
Capital and reserves
Called up share capital500500
Share premium50,84050,840
Profit and loss account348,146344,898
Shareholders' funds399,486396,238
The financial statements were approved and authorised for issue by the Board of Directors on 24 November 2023, and are signed on its behalf by:
Lena Papadouri Fox
Director
Registered Company No. 07700639
L P Squared Ltd
Notes to the Financial Statements
for the year ended 30 June 2023

1.Statutory information
L P Squared Ltd is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activities of the company in the year was that of project management and operational services.
4.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Computer equipment - 33% on cost
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
The company contributes to individual employee's workplace pension plans. Contributions payable are charged to the income statement in the period to which they relate to. The assets of the plan are held separately from those of the company in independently administered funds.
5.Employee information

20232022
Average number of employees during the year33
6.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 July 2211,93411,934
Additions1,4121,412
Disposals(9,345)(9,345)
At 30 June 234,0014,001
Depreciation and impairment
At 01 July 2211,25611,256
Charge for year1,0421,042
On disposals(9,345)(9,345)
At 30 June 232,9532,953
Net book value
At 30 June 231,0481,048
At 30 June 22678678
7.Debtors within one year

2023

2022

££
Trade debtors / trade receivables-10,800
Other debtors226,967224,767
Prepayments and accrued income3,5893,589
Total230,556239,156
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables2,2771,377
Amounts owed to related parties6,2042,615
Taxation and social security39,55014,976
Other creditors-302
Total48,03119,270
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)199129
Total199129