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Registered Number: 14528347
England and Wales

 

 

 

LION BONUS WEALTH UK LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 07 December 2022

End date: 31 December 2023
Director Kevin Chan
Registered Number 14528347
Registered Office 18 Ensign Street
London
E1 8PA
Accountants P AND CO LLP
18 Ensign Street
London
E1 8PA
1
Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Lion Bonus Wealth UK Limited for the period ended 31 December 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 Bonus Wealth UK Limited for the period ended 31 December 2023 which comprise of the Income Statement, the Statement of Financial Position 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 Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Lion Bonus Wealth UK Limited, as a body, in accordance with the terms of our engagement letter dated 7 August 2024. Our work has been undertaken solely to prepare for your approval the accounts of Lion Bonus Wealth UK Limited and state those matters that we have agreed to state to the Board of Directors of Lion Bonus Wealth UK Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lion Bonus Wealth UK Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Lion Bonus Wealth UK Limited 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 or loss of Lion Bonus Wealth UK Limited. You consider that Lion Bonus Wealth UK Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Lion Bonus Wealth UK Limited. 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.














....................................................
P AND CO LLP
18 Ensign Street
London
E1 8PA
04 September 2024
2
 
 
Notes
 
2023
£
Fixed assets    
Tangible fixed assets 3 1,495,000 
Investments in subsidiaries 4 1,000 
1,496,000 
Current assets    
Cash at bank and in hand 331,864 
Creditors: amount falling due within one year 5 (1,793,605)
Net current assets (1,461,741)
 
Total assets less current liabilities 34,259 
Net assets 34,259 
 

Capital and reserves
   
Called up share capital 2,000 
Profit and loss account 32,259 
Shareholders' funds 34,259 
 


For the period ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges his 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 03 September 2024 and were signed by:


-------------------------------
Kevin Chan
Director
3
General Information
LION BONUS WEALTH UK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14528347, registration address 18 Ensign Street, London, E1 8PA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard).


Basis of preparation
The financial statements have been prepared on the going concern basis and 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.


Comparability of accounting period

The company commenced the rental business on 1 April 2023. Before 1 April 2023, the company has remained dormant.

Going concern basis
The directors believe that 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 rental income and service charge income.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the period was 1.
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 07 December 2022  
Additions 1,495,000    1,495,000 
Disposals  
At 31 December 2023 1,495,000    1,495,000 
Depreciation
At 07 December 2022  
Charge for period  
On disposals  
At 31 December 2023  
Net book values
Closing balance as at 31 December 2023 1,495,000    1,495,000 
Opening balance as at 07 December 2022  


4.

Investments in subsidiaries

Cost Other investments other than loans   Total
  £   £
At 07 December 2022  
Additions 1,000    1,000 
Transfer to/from tangible fixed assets  
Disposals  
At 31 December 2023 1,000    1,000 

5.

Creditors: amount falling due within one year

2023
£
Amounts Owed to Group Undertakings 1,776,116 
Corporation Tax 7,884 
Accrued Expenses 4,801 
Directors' Current Accounts 4,804 
1,793,605 

4