Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Lionel Gerald Curry 14/09/2005 Daniel Alexander Webber 26/08/2020 25 September 2024 The principal activity for the company during the period is that of an investment company. 05564108 2023-12-31 05564108 bus:Director1 2023-12-31 05564108 bus:Director2 2023-12-31 05564108 2022-12-31 05564108 core:CurrentFinancialInstruments 2023-12-31 05564108 core:CurrentFinancialInstruments 2022-12-31 05564108 core:Non-currentFinancialInstruments 2023-12-31 05564108 core:Non-currentFinancialInstruments 2022-12-31 05564108 core:ShareCapital 2023-12-31 05564108 core:ShareCapital 2022-12-31 05564108 core:RevaluationReserve 2023-12-31 05564108 core:RevaluationReserve 2022-12-31 05564108 core:RetainedEarningsAccumulatedLosses 2023-12-31 05564108 core:RetainedEarningsAccumulatedLosses 2022-12-31 05564108 core:CostValuation 2022-12-31 05564108 core:CostValuation 2023-12-31 05564108 bus:OrdinaryShareClass1 2023-12-31 05564108 2023-01-01 2023-12-31 05564108 bus:FilletedAccounts 2023-01-01 2023-12-31 05564108 bus:SmallEntities 2023-01-01 2023-12-31 05564108 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05564108 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05564108 bus:Director1 2023-01-01 2023-12-31 05564108 bus:Director2 2023-01-01 2023-12-31 05564108 2022-01-01 2022-12-31 05564108 core:Non-currentFinancialInstruments 2023-01-01 2023-12-31 05564108 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 05564108 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05564108 (England and Wales)

LENOX PROPERTY INVESTMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

LENOX PROPERTY INVESTMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

LENOX PROPERTY INVESTMENTS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
LENOX PROPERTY INVESTMENTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 5,418,120 5,418,120
5,418,120 5,418,120
Current assets
Debtors 4 1,432 1,621
Cash at bank and in hand 5 96 98
1,528 1,719
Creditors: amounts falling due within one year 6 ( 1,810) ( 2,000)
Net current liabilities (282) (281)
Total assets less current liabilities 5,417,838 5,417,839
Creditors: amounts falling due after more than one year 7 ( 3,489,651) ( 3,488,651)
Provision for liabilities ( 421,441) ( 421,441)
Net assets 1,506,746 1,507,747
Capital and reserves
Called-up share capital 8 1,000 1,000
Revaluation reserve 1,199,453 1,199,453
Profit and loss account 306,293 307,294
Total shareholder's funds 1,506,746 1,507,747

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

Directors' responsibilities:

The financial statements of Lenox Property Investments Limited (registered number: 05564108) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Daniel Alexander Webber
Director

25 September 2024

LENOX PROPERTY INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
LENOX PROPERTY INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lenox Property Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Trade and other debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised
cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Trade and other creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Investments
Investments in subsidiaries are measured at cost less accumulated impairment.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

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.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the company during the year, including directors 0 0

3. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 January 2023 5,418,120
At 31 December 2023 5,418,120
Carrying value at 31 December 2023 5,418,120
Carrying value at 31 December 2022 5,418,120

4. Debtors

2023 2022
£ £
Trade debtors 1 0
Other debtors 1,431 1,621
1,432 1,621

5. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 96 98

6. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security ( 190) 0
Other creditors 2,000 2,000
1,810 2,000

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Other creditors 3,489,651 3,488,651

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000 1,000

9. Ultimate controlling party

Parent Company:

Jubilee Property International Holdings LLC.