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Company Registration No. 09439098 (England and Wales)
Lxe Investments Ltd Unaudited accounts for the year ended 28 February 2023
Lxe Investments Ltd Unaudited accounts Contents
Page
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Lxe Investments Ltd Company Information for the year ended 28 February 2023
Director
Alexis Stavrou
Company Number
09439098 (England and Wales)
Registered Office
21a-21b Swains Lane Swains Lane London N6 6QX England
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Lxe Investments Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
500 
800 
Investments
3,786,934 
3,786,934 
3,787,434 
3,787,734 
Current assets
Debtors
29,266 
112,450 
Cash at bank and in hand
109,788 
54,372 
139,054 
166,822 
Creditors: amounts falling due within one year
(424,485)
(310,592)
Net current liabilities
(285,431)
(143,770)
Total assets less current liabilities
3,502,003 
3,643,964 
Creditors: amounts falling due after more than one year
(3,435,790)
(3,574,320)
Provisions for liabilities
Deferred tax
(30,461)
(30,461)
Net assets
35,752 
39,183 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
148,721 
148,721 
Profit and loss account
(112,970)
(109,539)
Shareholders' funds
35,752 
39,183 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 November 2023 and were signed on its behalf by
Alexis Stavrou Director Company Registration No. 09439098
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Lxe Investments Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Lxe Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 09439098. The registered office is 21a-21b Swains Lane Swains Lane, London, N6 6QX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 28 February 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
over three years
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2022
1,191 
At 28 February 2023
1,191 
Depreciation
At 1 March 2022
391 
Charge for the year
300 
At 28 February 2023
691 
Net book value
At 28 February 2023
500 
At 28 February 2022
800 
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Lxe Investments Ltd Notes to the Accounts for the year ended 28 February 2023
5
Investments
Other investments 
£ 
Valuation at 1 March 2022
3,786,934 
Valuation at 28 February 2023
3,786,934 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,066 
- 
Other debtors
26,200 
112,450 
29,266 
112,450 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
47,500 
47,500 
VAT
8,357 
575 
Other creditors
332,286 
240,984 
Accruals
29,675 
21,533 
Deferred income
6,667 
- 
424,485 
310,592 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
2,556,250 
2,652,280 
Loans from directors
879,540 
922,040 
3,435,790 
3,574,320 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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