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REGISTERED NUMBER: 11725800 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LEXMAS LTD

LEXMAS LTD (REGISTERED NUMBER: 11725800)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEXMAS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R J Stevens
J Stevens





REGISTERED OFFICE: Riverside
12 Mill Lane
Fordham
Cambridge
Cambridgeshire
CB7 5NQ





REGISTERED NUMBER: 11725800 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

LEXMAS LTD (REGISTERED NUMBER: 11725800)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 5 3,151,602 984,489

CURRENT ASSETS
Debtors 6 3,317 1,145
Cash at bank 29,575 11,555
32,892 12,700
CREDITORS
Amounts falling due within one year 7 (2,822 ) (2,147 )
NET CURRENT ASSETS 30,070 10,553
TOTAL ASSETS LESS CURRENT LIABILITIES 3,181,672 995,042

PROVISIONS FOR LIABILITIES 8 (30,357 ) (1,283 )
NET ASSETS 3,151,315 993,759

CAPITAL AND RESERVES
Called up share capital 9 25,120 25,120
Fair value reserve 10 5,468 5,468
Retained earnings 3,120,727 963,171
SHAREHOLDERS' FUNDS 3,151,315 993,759

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

LEXMAS LTD (REGISTERED NUMBER: 11725800)

BALANCE SHEET - continued
31 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





R J Stevens - Director


LEXMAS LTD (REGISTERED NUMBER: 11725800)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Lexmas 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

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.

Investments
Other investments are initially recognised at cost.

Where market information is available, the investment is revalued at fair value.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - NIL ) .

5. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Participating interests - 25,985
Other investments not loans 3,151,602 958,504
3,151,602 984,489

LEXMAS LTD (REGISTERED NUMBER: 11725800)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Interest
in Other
associate investments Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 25,985 957,028 983,013
Additions - 2,246,874 2,246,874
Disposals (25,985 ) (165,123 ) (191,108 )
Revaluations - 112,823 112,823
At 31 December 2023 - 3,151,602 3,151,602
NET BOOK VALUE
At 31 December 2023 - 3,151,602 3,151,602
At 31 December 2022 25,985 957,028 983,013

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2023 121,429
Cost 3,030,173
3,151,602

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 3,030,173 950,283

Fixed asset investments were valued on an open market basis on 31 December 2023 by Rathbones Investment Management Limited .

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Call Option - 1,476

LEXMAS LTD (REGISTERED NUMBER: 11725800)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,317 1,145

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 2,822 2,147

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 30,357 1,283

Deferred
tax
£   
Balance at 1 January 2023 1,283
Provided during year 29,074
Balance at 31 December 2023 30,357

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
25,120 Ordinary £1 25,120 25,120

10. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 5,468