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REGISTERED NUMBER: 12928360 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

LA CAPITAL VENTURES LIMITED

LA CAPITAL VENTURES LIMITED (REGISTERED NUMBER: 12928360)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


LA CAPITAL VENTURES LIMITED

COMPANY INFORMATION
for the year ended 31 October 2023







DIRECTOR: Mr L F Simpson





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 12928360 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

LA CAPITAL VENTURES LIMITED (REGISTERED NUMBER: 12928360)

ABRIDGED BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 107 57

CURRENT ASSETS
Debtors 398,962 437,415
Investments 166,887 41,467
Cash at bank and in hand 59,234 34,371
625,083 513,253
CREDITORS
Amounts falling due within one year 435,763 383,426
NET CURRENT ASSETS 189,320 129,827
TOTAL ASSETS LESS CURRENT
LIABILITIES

189,427

129,884

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 125,420 -
Retained earnings 63,907 129,784
189,427 129,884

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

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

The director acknowledges his 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.

LA CAPITAL VENTURES LIMITED (REGISTERED NUMBER: 12928360)

ABRIDGED BALANCE SHEET - continued
31 October 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 10 October 2024 and were signed by:





Mr L F Simpson - Director


LA CAPITAL VENTURES LIMITED (REGISTERED NUMBER: 12928360)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2023

1. STATUTORY INFORMATION

LA Capital Ventures 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Fixed asset investments
Fixed asset investments are held at cost less amounts provided for permanent diminution in value. The carrying values of fixed asset investment are reviewed for impairment where events or changes in circumstance indicate the carrying value may not be recoverable.

Current asset investments
Current asset investments are initially recognised at fair value which is normally the transaction price. Subsequently, they are measured at fair value through profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

LA CAPITAL VENTURES LIMITED (REGISTERED NUMBER: 12928360)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 November 2022 57
Additions 50
At 31 October 2023 107
NET BOOK VALUE
At 31 October 2023 107
At 31 October 2022 57

5. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £126,333 (2022: £132,373) by Egc Social Housing Ltd, £64,592 (2022: £84,999) by Egc Capital Ltd, £154,037 (2022: £14,800) by LA London Ltd and £54,000 (owed 2022: £25,000) by/(to) Egc Development Consultancy Ltd, companies related by virtue of the director's interest in the shares of these companies.

At the balance sheet date, the company owed £133,200 (2022: £41,200) to BLL Property Investments Limited and £26,000 (2022: £nil) to BVL Investments Limited, companies related by virtue of the director's interest in the shares of these companies.

At the balance sheet date, the company owed £275,362 (2022: £178,056) to Mr L F Simpson, the director.