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REGISTERED NUMBER: 01244925 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

LIXMERE LIMITED

LIXMERE LIMITED (REGISTERED NUMBER: 01244925)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIXMERE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mrs S Shah
Mrs Anya Shah-Spellward



SECRETARY: Mrs S Shah



REGISTERED OFFICE: 1 Doughty Street
London
WC1N 2PH



REGISTERED NUMBER: 01244925 (England and Wales)



BANKERS: The Royal Bank of Scotland plc
Lloyds Bank plc
Bank of Baroda (UK) Ltd

LIXMERE LIMITED (REGISTERED NUMBER: 01244925)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 224
Investment property 5 1,325,000 1,325,000
1,325,000 1,325,224

CURRENT ASSETS
Debtors 6 63,968 117,000
Cash at bank 114,058 150,735
178,026 267,735
CREDITORS
Amounts falling due within one year 7 410,219 456,874
NET CURRENT LIABILITIES (232,193 ) (189,139 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,092,807

1,136,085

CREDITORS
Amounts falling due after more than one year 8 (527,339 ) (560,999 )

PROVISIONS FOR LIABILITIES - (14,529 )
NET ASSETS 565,468 560,557

CAPITAL AND RESERVES
Called up share capital 10 5,000 5,000
Fair value reserve 121,744 121,744
Retained earnings 438,724 433,813
SHAREHOLDERS' FUNDS 565,468 560,557

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

LIXMERE LIMITED (REGISTERED NUMBER: 01244925)

BALANCE SHEET - continued
31ST DECEMBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd August 2024 and were signed on its behalf by:





Mrs S Shah - Director


LIXMERE LIMITED (REGISTERED NUMBER: 01244925)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Lixmere Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet 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 arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

LIXMERE LIMITED (REGISTERED NUMBER: 01244925)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 14,960
Disposals (14,960 )
At 31st December 2023 -
DEPRECIATION
At 1st January 2023 14,736
Charge for year 34
Eliminated on disposal (14,770 )
At 31st December 2023 -
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 224

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023
and 31st December 2023 1,325,000
NET BOOK VALUE
At 31st December 2023 1,325,000
At 31st December 2022 1,325,000

Fair value at 31st December 2023 is represented by:
£   
Valuation in 2003 51,150
Valuation in 2004 10,000
Valuation in 2006 5,000
Valuation in 2012 20,000
Valuation in 2014 15,000
Valuation in 2015 50,000
Valuation in 2017 25,000
Valuation in 2021 20,122
Valuation in 2022 (60,000 )
Cost 1,188,728
1,325,000

Investment properties are valued at fair values by the directors of the company.

LIXMERE LIMITED (REGISTERED NUMBER: 01244925)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,000 12,000
Other debtors 57,968 105,000
63,968 117,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 33,600 33,619
Taxation and social security 4,149 8,010
Other creditors 372,470 415,245
410,219 456,874

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 512,925 546,585
Other creditors 14,414 14,414
527,339 560,999

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 370,925 404,585

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 546,525 580,185

The bank loan is secured on one of the the company's freehold land and building and a debenture on the company's assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
5,000 Ordinary shares £1 5,000 5,000

LIXMERE LIMITED (REGISTERED NUMBER: 01244925)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


11. RELATED PARTY DISCLOSURES

During the year, Lixmere Limited undertook the following transactions with another company with common shareholders and directors:

2023 2022
£    £   
Management recharges to related party 55,000 55,000
Interest payable on loan received to related party (27,750 ) (22,500 )

Amount due to related party at balance sheet date:
- loan payable to related party (300,000 ) (300,000 )
- Interest payable on the loan (27,750 ) (22,500 )
- Recharged overheads receivable from related party 5,000 55,000
(322,750 ) (267,500 )

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S Shah.