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Registered number: 12864756









LARISSA JANE HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
LARISSA JANE HOLDINGS LIMITED
REGISTERED NUMBER:12864756

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
77,826
476,199

  
77,826
476,199

Current assets
  

Debtors: amounts falling due within one year
 5 
21,007
15,980

Cash at bank and in hand
  
5,087
25,067

  
26,094
41,047

Creditors: amounts falling due within one year
 6 
(524,073)
(523,325)

Net current liabilities
  
 
 
(497,979)
 
 
(482,278)

  

Net liabilities
  
(420,153)
(6,079)


Capital and reserves
  

Called up share capital 
 8 
50
50

Retained earnings
  
(420,203)
(6,129)

Shareholders' (deficit)
  
(420,153)
(6,079)


Page 1

 
LARISSA JANE HOLDINGS LIMITED
REGISTERED NUMBER:12864756
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 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 FRS 102 Section 1A - small entities.

The Company has opted not to file the Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






K C Ashworth
Director

Date: 29 August 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
LARISSA JANE HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Larissa Jane Holdings Limited is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 12864756). The registered office address is 45 Gresham Street, London, EC2V 7BG.
The Company's functional and presentational currency is GBP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis.
The Company has net current liabilities of £497,979 
(2022 - of £482,278). The directors have reviewed cashflow forecasts for the 12 month period from the date of sign off and believe the company to be a going concern.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
LARISSA JANE HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument.
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

Page 4

 
LARISSA JANE HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average number of monthly employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
LARISSA JANE HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Listed investments
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 January 2023
66,866
409,333
476,199


Additions
26,490
3,563
30,053


Disposals
(26,209)
-
(26,209)


Revaluations
7,678
-
7,678


Impairments
-
(409,895)
(409,895)



At 31 December 2023
74,825
3,001
77,826





5.


Debtors

2023
2022
£
£


Deferred taxation
21,007
15,980



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
503,700
503,700

Accruals and deferred income
20,373
19,625

524,073
523,325


Page 6

 
LARISSA JANE HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Deferred taxation




2023
2022


£

£






At beginning of year
15,980
8,774


Charged to profit or loss
5,027
7,206



At end of year
21,007
15,980

The deferred tax asset is made up as follows:

2023
2022
£
£


Losses and other deductions
(22,955)
(15,980)

Capital gains
1,948
-

21,007
15,980


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



50 (2022 -50) Ordinary shares of £1.00 each
50
50



9.


Related party transactions

At the year end, the Company owed £503,700 (2022 - £503,700) to the directors. This loan is interest free, unsecured and repayable on demand.


10.


Controlling party

The ultimate controlling party is L J Ashworth by virtue of her ownership and directorship in the Company.

 
Page 7