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REGISTERED NUMBER: 05080103 (England and Wales)














Unaudited Financial Statements

for the Period

1st January 2023 to 31st March 2024

for

London Blind Co. Limited

London Blind Co. Limited (Registered number: 05080103)






Contents of the Financial Statements
for the Period 1st January 2023 to 31st March 2024




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


London Blind Co. Limited (Registered number: 05080103)

Abridged Balance Sheet
31st March 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 38 66
Tangible assets 6 26,307 31,882
Investments 7 1,185,364 1,166,424
1,211,709 1,198,372

CURRENT ASSETS
Stocks 33,468 52,700
Debtors 8 352,797 342,465
Cash at bank and in hand 1,832,986 1,688,119
2,219,251 2,083,284
CREDITORS
Amounts falling due within one year 1,244,987 751,925
NET CURRENT ASSETS 974,264 1,331,359
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,185,973

2,529,731

PROVISIONS FOR LIABILITIES 2,829 3,661
NET ASSETS 2,183,144 2,526,070

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,183,044 2,525,970
SHAREHOLDERS' FUNDS 2,183,144 2,526,070

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 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 Blind Co. Limited (Registered number: 05080103)

Abridged Balance Sheet - continued
31st March 2024


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 Balance Sheet for the period ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 16th November 2024 and were signed on its behalf by:





Mr G Filippelli - Director


London Blind Co. Limited (Registered number: 05080103)

Notes to the Financial Statements
for the Period 1st January 2023 to 31st March 2024

1. STATUTORY INFORMATION

London Blind Co. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05080103

Registered office: Kings Lodge
London Road
West Kingsdown
Sevenoaks
Kent
TN15 6AR

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.

Revenue recognition
Sales comprise the fair value of the consideration received or receivable for the sale of goods services in the ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities as follows:

Revenue from the sale of goods is recognised at the point at which the goods have been delivered to the customer.

Profit share received from companies in which the company is a corporate partner is recognised in the year in which the company is entitled to receive a share of profits.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

London Blind Co. Limited (Registered number: 05080103)

Notes to the Financial Statements - continued
for the Period 1st January 2023 to 31st March 2024

3. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised 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 a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, such as the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss.

Pension costs and other post-retirement benefits
The company makes contributions to employees' pension schemes. Contributions payable to the employee's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2022 - 9 ) .

London Blind Co. Limited (Registered number: 05080103)

Notes to the Financial Statements - continued
for the Period 1st January 2023 to 31st March 2024

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2023
and 31st March 2024 220
AMORTISATION
At 1st January 2023 154
Amortisation for period 28
At 31st March 2024 182
NET BOOK VALUE

At 31st March 2024 38
At 31st December 2022 66

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2023 86,875
Additions 3,210
At 31st March 2024 90,085
DEPRECIATION
At 1st January 2023 54,993
Charge for period 8,785
At 31st March 2024 63,778
NET BOOK VALUE
At 31st March 2024 26,307
At 31st December 2022 31,882

7. FIXED ASSET INVESTMENTS

The amount included as a fixed asset investment represents the company's capital account outstanding as at the balance sheet date in Genesis Beginnings LLP.

8. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2022
£    £   
Other debtors 330,000 330,000