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Logo On Report
Registered Number: 09307685
England and Wales

 

 

 

LION MOUNTAIN SHIPPING LTD


Abridged Accounts
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
Report to the directors on the preparation of the unaudited statutory accounts of LION MOUNTAIN SHIPPING LTD for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of LION MOUNTAIN SHIPPING LTD for the year ended 30 November 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of LION MOUNTAIN SHIPPING LTD, as a body, in accordance with the terms of our engagement letter dated 11 February 2024 Our work has been undertaken solely to prepare for your approval the accounts of LION MOUNTAIN SHIPPING LTD and state those matters that we have agreed to state to the Board of Directors of LION MOUNTAIN SHIPPING LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LION MOUNTAIN SHIPPING LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that LION MOUNTAIN SHIPPING LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of LION MOUNTAIN SHIPPING LTD. You consider that LION MOUNTAIN SHIPPING LTD is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of LION MOUNTAIN SHIPPING LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
30 November 2023



....................................................
Sembeh Associate Limited
350 Bastable Avenue
Barking Essex
London
IG11 0LL
11 February 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets   9,375 
  9,375 
Current assets      
Debtors: amounts falling due within one year 824   
Cash at bank and in hand   1,699 
824    1,699 
Creditors: amount falling due within one year (3,560)   (568)
Net current liabilities (2,736)   1,131 
 
Total assets less current liabilities (2,736)   10,506 
Creditors: amount falling due after more than one year (10,640)   (12,500)
Net liabilities (13,376)   (1,994)
 

Capital and reserves
     
Profit and loss account (13,376)   (1,994)
Shareholder's funds (13,376)   (1,994)
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 11 February 2024 and were signed on its behalf by:


-------------------------------
Mohamed Lamin Sidique
Director
2
General Information
LION MOUNTAIN SHIPPING LTD is a private company, limited by shares, registered in England and Wales, registration number 09307685, registration address 37 Kelmscott Gardens, Askew Road, London, W12 9DB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Total
  £   £
At 01 December 2022  
Additions 12,500    12,500 
Disposals  
At 30 November 2023 12,500    12,500 
Depreciation
At 01 December 2022  
Charge for year 3,125    3,125 
On disposals  
At 30 November 2023 3,125    3,125 
Net book values
Closing balance as at 30 November 2023  
Opening balance as at 01 December 2022 9,375    9,375 


4.

Share Capital

Authorised
1 Class A share of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
1 Class A share of £1.00 each  
 

3