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Company Registration No. 06415765 (England and Wales)
London Specialist Capital Limited Unaudited accounts for the year ended 31 March 2023
London Specialist Capital Limited Unaudited accounts Contents
Page
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London Specialist Capital Limited Company Information for the year ended 31 March 2023
Directors
Paul Ensor Sook Hee Ensor
Company Number
06415765 (England and Wales)
Registered Office
804 Merlin Business Park Ringtail Road Burscough Lancashire L40 8JY England
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London Specialist Capital Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,767 
2,356 
Current assets
Debtors
275 
1,206 
Cash at bank and in hand
23,164 
22,945 
23,439 
24,151 
Creditors: amounts falling due within one year
(199,182)
(179,876)
Net current liabilities
(175,743)
(155,725)
Net liabilities
(173,976)
(153,369)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(173,978)
(153,371)
Shareholders' funds
(173,976)
(153,369)
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 31 January 2023 and were signed on its behalf by
Paul Ensor Director Company Registration No. 06415765
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London Specialist Capital Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
London Specialist Capital Limited is a private company, limited by shares, registered in England and Wales, registration number 06415765. The registered office is 804 Merlin Business Park, Ringtail Road, Burscough, Lancashire, L40 8JY, 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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% Reducing Balance Basis
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2022
8,749 
At 31 March 2023
8,749 
Depreciation
At 1 April 2022
6,393 
Charge for the year
589 
At 31 March 2023
6,982 
Net book value
At 31 March 2023
1,767 
At 31 March 2022
2,356 
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London Specialist Capital Limited Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
275 
1,206 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
432 
- 
Taxes and social security
4,936 
4,936 
Loans from directors
193,814 
174,940 
199,182 
179,876 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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