Registered number
09999388
Lions River Limited
Unaudited Filleted Accounts
29 February 2024
Lions River Limited
Registered number: 09999388
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 654,253 619,052
Current assets
Debtors 4 282,938 297,928
Cash at bank and in hand 84,289 35,941
367,227 333,869
Creditors: amounts falling due within one year 5 (676,873) (698,549)
Net current liabilities (309,646) (364,680)
Total assets less current liabilities 344,607 254,372
Creditors: amounts falling due after more than one year 6 (14,003) (23,979)
Net assets 330,604 230,393
Capital and reserves
Called up share capital 100 100
Profit and loss account 330,504 230,293
Shareholder's funds 330,604 230,393
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Clements
Director
Approved by the board on 19 November 2024
Lions River Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Investments
Other
investments
£
Cost
At 1 March 2023 619,052
Additions 35,201
At 29 February 2024 654,253
The investments consist of:
1. 7.5% of the share capital of Baker & McVeigh Lambourn Limited, a UK trading company. The directors consider that the value of the investment exceeds the cost at par shown above in these accounts (£8).

2. 7.5% of the share capital of Baker McVeigh and Abbott Limited, a UK trading company. The directors consider that the value of the investment exceeds the cost at par shown above in these accounts (£17,815).

3. 12.5% of the share capital of Baker McVeigh and Clements Limited, a UK trading company. The directors consider that the value of the investment exceeds the cost at par shown above in these accounts (£240,195).

4. 50% of the share capital of Hartpury Tithe Barn Limited, a UK Trading company. The directors considers that the value of the investment exceeds the cost at par shown above in these accounts (£50).

5. 24% of the share capital of Start Point Farms GP Limited, a company registered in New Zealand, which controls Start Point Farms Limited Partnership, a Limited Liability Partnership owning farming land in New Zealand. The funds invested represent capital committed in this LLP in the form of long terms liabilities. The directors considers that the value of the investment exceeds the cost of investment shown in these accounts (£396,150).

6. 10% of the share capital of Baker McVeigh Bahrain Limited, a UK trading company. The directors consider that the value of the investment exceeds the cost at par shown above in these accounts (£10).

7. 12.5% of the share capital of Hoyos Largos Limited, a UK trading company. The directors consider that the value of the investment exceeds the cost at par shown above in these accounts (£12).
8. 12.5% of the share capital of Longholes Equine Therapy Centre Limited, a UK trading company. The directors consider that the value of the investment exceeds the cost at par shown above in these accounts (£12).

9. 100% of Mallet Lifestyle Proprietary Limited, a company resident in South Africa. (£1).
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 282,938 297,928
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 9,900
Amounts owed to group undertakings and undertakings in which the company has a participating interest 213,815 103,327
Corporation tax 4,548 -
Other creditors 448,510 585,322
676,873 698,549
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 14,003 23,979
7 Related party transactions
The Directors provided interest free loans to the company. A Clements, £437,110 (2023: £549,122) and S Halm, £10,000 (2023: £35,000).
8 Controlling party
The controlling party is A Clements.
9 Other information
Lions River Limited is a private company limited by shares and incorporated in England. Its registered office is:
c/o Cowen Suite, Kinetic Centre
Theobald Street
Borehamwood
Herts.
WD6 4PJ
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