IRIS Accounts Production v24.3.0.553 04140339 Board of Directors 1.2.23 31.1.24 31.1.24 0 0 false true false false true false Non-Voting Ordinary 1.00000 Voting Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041403392023-01-31041403392024-01-31041403392023-02-012024-01-31041403392022-01-31041403392022-02-012023-01-31041403392023-01-3104140339ns15:EnglandWales2023-02-012024-01-3104140339ns14:PoundSterling2023-02-012024-01-3104140339ns10:Director12023-02-012024-01-3104140339ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3104140339ns10:SmallEntities2023-02-012024-01-3104140339ns10:AuditExemptWithAccountantsReport2023-02-012024-01-3104140339ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3104140339ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3104140339ns10:FullAccounts2023-02-012024-01-3104140339ns10:OrdinaryShareClass12023-02-012024-01-3104140339ns10:OrdinaryShareClass22023-02-012024-01-3104140339ns10:Director22023-02-012024-01-3104140339ns10:CompanySecretary12023-02-012024-01-3104140339ns10:RegisteredOffice2023-02-012024-01-3104140339ns5:CurrentFinancialInstruments2024-01-3104140339ns5:CurrentFinancialInstruments2023-01-3104140339ns5:ShareCapital2024-01-3104140339ns5:ShareCapital2023-01-3104140339ns5:FurtherSpecificReserve3ComponentTotalEquity2024-01-3104140339ns5:FurtherSpecificReserve3ComponentTotalEquity2023-01-3104140339ns5:RetainedEarningsAccumulatedLosses2024-01-3104140339ns5:RetainedEarningsAccumulatedLosses2023-01-3104140339ns5:ComputerEquipment2023-01-3104140339ns5:ComputerEquipment2023-02-012024-01-3104140339ns5:ComputerEquipment2024-01-3104140339ns5:ComputerEquipment2023-01-3104140339ns5:CostValuationns5:ListedExchangeTraded2023-01-3104140339ns5:RevaluationsIncreaseDecreaseInInvestmentsns5:ListedExchangeTraded2024-01-3104140339ns5:CostValuationns5:ListedExchangeTraded2024-01-3104140339ns5:ListedExchangeTraded2024-01-3104140339ns5:ListedExchangeTraded2023-01-3104140339ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3104140339ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3104140339ns5:DeferredTaxation2023-01-3104140339ns5:DeferredTaxation2023-02-012024-01-3104140339ns5:DeferredTaxation2024-01-3104140339ns10:OrdinaryShareClass12024-01-3104140339ns10:OrdinaryShareClass22024-01-3104140339ns5:RetainedEarningsAccumulatedLosses2023-01-3104140339ns5:FurtherSpecificReserve3ComponentTotalEquity2023-01-3104140339ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-31
















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

LONDON ACTIVE MANAGEMENT LIMITED

LONDON ACTIVE MANAGEMENT LIMITED (REGISTERED NUMBER: 04140339)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Accountants' Report 9

LONDON ACTIVE MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: R N Sinclair
P Sinclair





SECRETARY: P Sinclair





REGISTERED OFFICE: 49 4th Floor
49 St James's Street
London
SW1A 1AH





REGISTERED NUMBER: 04140339 (England and Wales)





ACCOUNTANTS: MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
HA8 7LW

LONDON ACTIVE MANAGEMENT LIMITED (REGISTERED NUMBER: 04140339)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 1
Investments 5 3,854 3,666
3,854 3,667

CURRENT ASSETS
Debtors 6 1,295 617
Cash at bank and in hand 3,590 1,235
4,885 1,852
CREDITORS
Amounts falling due within one year 7 (93,543 ) (73,400 )
NET CURRENT LIABILITIES (88,658 ) (71,548 )
TOTAL ASSETS LESS CURRENT LIABILITIES (84,804 ) (67,881 )

PROVISIONS FOR LIABILITIES 8 - (85 )
NET LIABILITIES (84,804 ) (67,966 )

CAPITAL AND RESERVES
Called up share capital 9 150 150
Fair value reserve 10 630 442
Retained earnings 10 (85,584 ) (68,558 )
SHAREHOLDERS' FUNDS (84,804 ) (67,966 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

LONDON ACTIVE MANAGEMENT LIMITED (REGISTERED NUMBER: 04140339)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





R N Sinclair - Director


LONDON ACTIVE MANAGEMENT LIMITED (REGISTERED NUMBER: 04140339)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

London Active Management 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 as modified by the revaluation of certain assets.

Monetary amounts are rounded to the nearest pound.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

LONDON ACTIVE MANAGEMENT LIMITED (REGISTERED NUMBER: 04140339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

Interest receivable
Interest receivable is charged to the profit and loss account on an accruals basis.

Financial Instruments
The company has elected to apply the provisions of Section 11 ' Basic Financial Instruments' and ' Section 12 ' Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's Statement of Financial Position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction and where material are subsequently measured at amortised cost using the effective interest method, less any impairment.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and where material the changes in fair value are recognised in the Statement of Total Comprehensive Income, except that investments in equity instruments that are not publicly traded and whose fair value cannot be measured reliably are measured at cost less impairment

Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the life of the debt instrument to the net carrying amount on initial recognition

Impairment of financial assets
Financial assets, other than those held at fair value are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in the Statement of Total Comprehensive Income

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity

Basic financial liabilities
Basic financial liabilities, including trade and other payables and loans from company undertakings that are classified as debt are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest .


LONDON ACTIVE MANAGEMENT LIMITED (REGISTERED NUMBER: 04140339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued
Trade creditors are obligations to pay for goods or services that have been acquired that have been acquired in the ordinary course of business from suppliers. Accounts payables are classified as current liabilities if a payment is due within one year or less. If not, they are present as non current liabilities. Short term creditors are initially recognised at transaction price and where material are subsequently measured at amortised cost using the effective interest method

Derecognition of financial liabilities
Financial liabilities are derecognised when, and only when, the company's obligations are discharged, cancelled, or they expire.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2023 1,207
Disposals (1,207 )
At 31 January 2024 -
DEPRECIATION
At 1 February 2023 1,206
Eliminated on disposal (1,206 )
At 31 January 2024 -
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 1

LONDON ACTIVE MANAGEMENT LIMITED (REGISTERED NUMBER: 04140339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 February 2023 3,666
Revaluations 188
At 31 January 2024 3,854
NET BOOK VALUE
At 31 January 2024 3,854
At 31 January 2023 3,666

Cost or valuation at 31 January 2024 is represented by:

Listed
investments
£   
Valuation in 2022 4,795
Valuation in 2023 (1,129 )
Valuation in 2024 188
3,854

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

31.1.24 31.1.23
£    £   
Cost 8,802 8,802

Fixed asset investments were valued on an open market basis on 31 January 2023 by The London Stock Exchange .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 1,295 -
Other debtors - 617
1,295 617

LONDON ACTIVE MANAGEMENT LIMITED (REGISTERED NUMBER: 04140339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Taxation and social security 5,178 4,210
Other creditors 88,365 69,190
93,543 73,400

8. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax - 85

Deferred
tax
£   
Balance at 1 February 2023 85
Provided during year (85 )
Balance at 31 January 2024 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
147 Non-Voting Ordinary 1.00 147 147
3 Voting Ordinary 1.00 3 3
150 150

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 February 2023 (68,558 ) 442 (68,116 )
Deficit for the year (17,026 ) (17,026 )
Share revaluation - 188 188
At 31 January 2024 (85,584 ) 630 (84,954 )

11. RELATED PARTY DISCLOSURES

During the year, a director loaned £19,175 to the company.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LONDON ACTIVE MANAGEMENT LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of London Active Management Limited for the year ended 31 January 2024 which comprise the Income Statement, 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that London Active Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of London Active Management Limited. You consider that London Active Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of London Active Management 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 financial statements.






MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
HA8 7LW


31 October 2024