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REGISTERED NUMBER: 12451550 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

LEXINGTON ASSOCIATES LIMITED

LEXINGTON ASSOCIATES LIMITED (REGISTERED NUMBER: 12451550)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


LEXINGTON ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: W M Shute
N J Shute





REGISTERED OFFICE: Orchard House
Bagbury Lane
LYDIARD MILLICENT
Wiltshire
SN5 4LX





REGISTERED NUMBER: 12451550 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

LEXINGTON ASSOCIATES LIMITED (REGISTERED NUMBER: 12451550)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

2024 2023
Notes £ £
FIXED ASSETS
Investments 4 112,157 71,208

CURRENT ASSETS
Debtors 5 9,201 8,080
Cash at bank and in hand 37,193 19,917
46,394 27,997
CREDITORS
Amounts falling due within one year 6 (37,865 ) (17,052 )
NET CURRENT ASSETS 8,529 10,945
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,686

82,153

CREDITORS
Amounts falling due after more than one
year

7

(13,333

)

(23,333

)

PROVISIONS FOR LIABILITIES (8,332 ) (1,075 )
NET ASSETS 99,021 57,745

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 98,921 57,645
SHAREHOLDERS' FUNDS 99,021 57,745

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:





W M Shute - Director


LEXINGTON ASSOCIATES LIMITED (REGISTERED NUMBER: 12451550)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Lexington Associates 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.

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.

Turnover
Revenue 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 Statement of Comprehensive Income, 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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Listed
investments
£
COST OR VALUATION
At 1 March 2023 71,208
Additions 35,101
Disposals (22,159 )
Revaluations 28,007
At 29 February 2024 112,157
NET BOOK VALUE
At 29 February 2024 112,157
At 28 February 2023 71,208

LEXINGTON ASSOCIATES LIMITED (REGISTERED NUMBER: 12451550)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 29 February 2024 is represented by:

Listed
investments
£
Valuation in 2022 71,208
Valuation in 2023 40,949
112,157

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 2,200 3,079
Other debtors 7,001 5,001
9,201 8,080

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors - 397
Taxation and social security 4,710 4,975
Other creditors 23,155 1,680
37,865 17,052

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 13,333 23,333

8. RELATED PARTY DISCLOSURES

Included within debtors: amounts falling due within one year is a director's loan account in the sum of £7,000 (2023: £5,000). The account is unsecured, accrues interest at HM Revenue & Customs ("HMRC") official rate and was repaid after the year end.