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
Lxe Investments Ltd
Company Information
for the year ended 28 February 2023
Company Number
09439098 (England and Wales)
Registered Office
21a-21b Swains Lane Swains Lane
London
N6 6QX
England
Lxe Investments Ltd
Statement of financial position
as at 28 February 2023
Investments
3,786,934
3,786,934
Cash at bank and in hand
109,788
54,372
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)
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
Lxe Investments Ltd
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
Amounts falling due within one year
Other debtors
26,200
112,450
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
47,500
47,500
Other creditors
332,286
240,984
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
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).