Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31102023-04-01falseThe principal activity of the company during the year was that of financial intermediation.9falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09750684 2023-04-01 2024-03-31 09750684 2022-04-01 2023-03-31 09750684 2024-03-31 09750684 2023-03-31 09750684 c:Director2 2023-04-01 2024-03-31 09750684 d:CurrentFinancialInstruments 2024-03-31 09750684 d:CurrentFinancialInstruments 2023-03-31 09750684 d:Non-currentFinancialInstruments 2024-03-31 09750684 d:Non-currentFinancialInstruments 2023-03-31 09750684 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09750684 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09750684 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 09750684 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09750684 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 09750684 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 09750684 d:ShareCapital 2024-03-31 09750684 d:ShareCapital 2023-03-31 09750684 d:RetainedEarningsAccumulatedLosses 2024-03-31 09750684 d:RetainedEarningsAccumulatedLosses 2023-03-31 09750684 c:OrdinaryShareClass1 2023-04-01 2024-03-31 09750684 c:OrdinaryShareClass1 2024-03-31 09750684 c:OrdinaryShareClass1 2023-03-31 09750684 c:FRS102 2023-04-01 2024-03-31 09750684 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09750684 c:FullAccounts 2023-04-01 2024-03-31 09750684 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09750684 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09750684














LIFE FINANCIAL SOLUTIONS LONDON LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
LIFE FINANCIAL SOLUTIONS LONDON LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6

 
LIFE FINANCIAL SOLUTIONS LONDON LIMITED
REGISTERED NUMBER:09750684

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
15,273
15,806

Current asset investments
 5 
18,000
18,000

Cash at bank and in hand
  
112,509
284,198

  
145,782
318,004

  

Creditors: amounts falling due within one year
 6 
(123,166)
(284,740)

Net current assets
  
 
 
22,616
 
 
33,264

Creditors: amounts falling due after more than one year
 7 
(16,667)
(26,667)

  

Net assets
  
5,949
6,597


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
5,849
6,497

  
5,949
6,597


Page 1

 
LIFE FINANCIAL SOLUTIONS LONDON LIMITED
REGISTERED NUMBER:09750684
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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

The Company has opted not to file the statement of comprehensive income 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 on 25 October 2024.




D L Sovitch
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
LIFE FINANCIAL SOLUTIONS LONDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Life Financial Solutions London Limited is a limited liability company registered in England and Wales. Its registered office address is at 3 Penta Court, Station Road, Borehamwood, Hertfordshire, United Kingdom, WD6 1SL.
The Company's functional and presentational currency is £ sterling.
The principal activity of the company during the year was that of financial intermediation.

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

Turnover

Turnover comprises of revenue provided in respect of services supplied in the year exclusive of trade discounts and exclusive of value added tax.
Revenue is recognised when the service is provided.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
LIFE FINANCIAL SOLUTIONS LONDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 10).


4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
3,363
3,363

Other debtors
11,910
12,443

15,273
15,806



5.


Current asset investments

2024
2023
£
£

Unlisted investments
18,000
18,000



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Amounts owed to group undertakings
106,165
269,210

Other taxation and social security
6,972
4,711

Other creditors
29
819

123,166
284,740



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
16,667
26,667


Page 4

 
LIFE FINANCIAL SOLUTIONS LONDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
16,667
26,667

26,667
36,667

Page 5

 
LIFE FINANCIAL SOLUTIONS LONDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1 each
100
100



10.


Pension commitments

The Company contributes to a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £5,345 (2023 - 4,994).
 
Contributions totalling £29 (2023 - £820) were payable to the fund at the reporting date and are included in creditors.


11.


Related party transactions

The Company forms part of a wholly-owned group and accordingly has taken advantage of the exemptionallowed under section 33.1A of FRS 102 not to disclose transactions with other group companies.

 
Page 6