Company registration number 09390870 (England and Wales)
Lamb & Lion (UK) Limited
Unaudited
financial statements
for the year ended 31 January 2024
PAGES FOR FILING WITH REGISTRAR
Lamb & Lion (UK) Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Lamb & Lion (UK) Limited
Statement Of Financial Position
as at 31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
91,007
115,222
Current assets
Stocks
21,654
21,008
Debtors
4
236,313
237,361
Cash at bank and in hand
144,140
214,052
402,107
472,421
Creditors: amounts falling due within one year
5
(355,261)
(485,434)
Net current assets/(liabilities)
46,846
(13,013)
Total assets less current liabilities
137,853
102,209
Creditors: amounts falling due after more than one year
6
-
0
(80,000)
Provisions for liabilities
(17,291)
(21,892)
Net assets
120,562
317
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
120,560
315
Total equity
120,562
317

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

Lamb & Lion (UK) Limited
Statement Of Financial Position (continued)
as at 31 January 2024
- 2 -

For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 5 June 2024 and are signed on its behalf by:
P M Barker
Director
Company Registration No. 09390870
Lamb & Lion (UK) Limited
Notes to the financial statements
for the year ended 31 January 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents amounts receivable for goods and services net of VAT. Turnover is recognised upon receipt of cash.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
20% straight line
Stocks

Stock is valued at the lower of cost and net realisable value.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.  Timing differences represent accumulated differences between the company's taxable profit and its financial profit and arise primarily from the difference between accelerated capital allowances and depreciation.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Lamb & Lion (UK) Limited
Notes to the financial statements (continued)
for the year ended 31 January 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
45
40
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 February 2023
200,018
Additions
13,562
At 31 January 2024
213,580
Depreciation and impairment
At 1 February 2023
84,796
Depreciation charged in the year
37,777
At 31 January 2024
122,573
Carrying amount
At 31 January 2024
91,007
At 31 January 2023
115,222
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
2,323
-
0
Amounts owed by group undertakings
-
0
3,374
Other debtors
229,865
223,987
Prepayments and accrued income
4,125
10,000
236,313
237,361
Lamb & Lion (UK) Limited
Notes to the financial statements (continued)
for the year ended 31 January 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loan
-
0
32,000
Trade creditors
53,976
91,589
Amounts due to group undertakings
26,113
-
0
Corporation tax
-
0
18,933
Other taxation and social security
92,311
73,563
Other creditors
133,499
236,821
Accruals and deferred income
49,362
32,528
355,261
485,434

The bank loan is secured by an additional cross guarantee between this company and its parent company Visit Yorkshire Holdings Ltd.

 

6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loan
-
0
80,000

The bank loan is secured by an additional cross guarantee between this company and its parent company Visit Yorkshire Holdings Ltd.

7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
8
Parent company

The parent company is Visit Yorkshire Holdings Ltd and its registered office is West House, King Cross road, Halifax, HX1 1EB.

9
Company information

Lamb & Lion (UK) Limited is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.

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