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REGISTERED NUMBER: 09059982 (England and Wales)
















Lavanda Ventures Ltd.

Unaudited Financial Statements

for the Year Ended 31st December 2023






Lavanda Ventures Ltd. (Registered number: 09059982)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Lavanda Ventures Ltd.

Company Information
for the Year Ended 31st December 2023







Directors: Mr G J F Westlake
Mr H D Hill
Mr F B C Lerche-Lerchenborg
Mr J E Meissel
Mr A Ghei





Registered office: 1 Long Lane
London
SE1 4PG





Registered number: 09059982 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Lavanda Ventures Ltd. (Registered number: 09059982)

Statement of Financial Position
31st December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 2,154,940 3,327,185
Tangible assets 5 14,615 18,580
Investments 6 1 1
2,169,556 3,345,766

Current assets
Debtors 7 1,051,832 1,252,187
Cash at bank 1,881,557 2,496,498
2,933,389 3,748,685
Creditors
Amounts falling due within one year 8 1,615,393 1,114,093
Net current assets 1,317,996 2,634,592
Total assets less current liabilities 3,487,552 5,980,358

Creditors
Amounts falling due after more than one
year

9

2,217,391

40,118
Net assets 1,270,161 5,940,240

Capital and reserves
Called up share capital 3,769 3,769
Share premium 13,171,063 13,171,036
Capital redemption reserve 59,770 59,770
Retained earnings (11,964,441 ) (7,294,335 )
1,270,161 5,940,240

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.

Lavanda Ventures Ltd. (Registered number: 09059982)

Statement of Financial Position - 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 29th August 2024 and were signed on its behalf by:





Mr G J F Westlake - Director


Lavanda Ventures Ltd. (Registered number: 09059982)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. Statutory information

Lavanda Ventures Ltd. 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.

Preparation of consolidated financial statements
The financial statements contain information about Lavanda Ventures Ltd. as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Lavanda Ventures Ltd. (Registered number: 09059982)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

2. Accounting policies - continued

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 44 (2022 - 69 ) .

4. Intangible fixed assets
Development
costs
£   
Cost
At 1st January 2023
and 31st December 2023 7,158,476
Amortisation
At 1st January 2023 3,831,291
Amortisation for year 1,172,245
At 31st December 2023 5,003,536
Net book value
At 31st December 2023 2,154,940
At 31st December 2022 3,327,185

5. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1st January 2023 27,384
Additions 859
At 31st December 2023 28,243
Depreciation
At 1st January 2023 8,804
Charge for year 4,824
At 31st December 2023 13,628
Net book value
At 31st December 2023 14,615
At 31st December 2022 18,580

Lavanda Ventures Ltd. (Registered number: 09059982)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

6. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1st January 2023
and 31st December 2023 1
Net book value
At 31st December 2023 1
At 31st December 2022 1

7. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 579,608 561,298
Amounts owed by group undertakings 11,180 11,180
Other debtors 461,044 679,709
1,051,832 1,252,187

8. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 37,635 33,740
Taxation and social security 95,606 372,688
Other creditors 1,482,152 707,665
1,615,393 1,114,093

9. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Other creditors 2,217,391 40,118