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REGISTERED NUMBER: 07521702 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

L4L EUROPE LTD

L4L EUROPE LTD (REGISTERED NUMBER: 07521702)






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 4


L4L EUROPE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: C Damen





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 07521702 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

L4L EUROPE LTD (REGISTERED NUMBER: 07521702)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,389 1,259
Investment property 5 5,146,560 4,930,720
5,147,949 4,931,979

CURRENT ASSETS
Debtors 6 787,234 1,202,843
Investments 7 8,550 5,300
Cash at bank 682,841 133,454
1,478,625 1,341,597
CREDITORS
Amounts falling due within one year 8 (471,540 ) (354,894 )
NET CURRENT ASSETS 1,007,085 986,703
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,155,034

5,918,682

CREDITORS
Amounts falling due after more than one
year

9

(3,916,160

)

(3,662,994

)

PROVISIONS FOR LIABILITIES (358,402 ) (358,402 )
NET ASSETS 1,880,472 1,897,286

CAPITAL AND RESERVES
Called up share capital 11 1 1
Revaluation reserve 12 1,886,324 1,886,324
Retained earnings 12 (5,853 ) 10,961
SHAREHOLDERS' FUNDS 1,880,472 1,897,286

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 director acknowledges his 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.

L4L EUROPE LTD (REGISTERED NUMBER: 07521702)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 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 director and authorised for issue on 21 November 2024 and were signed by:





C Damen - Director


L4L EUROPE LTD (REGISTERED NUMBER: 07521702)

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

1. STATUTORY INFORMATION

L4L Europe Ltd 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.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

L4L EUROPE LTD (REGISTERED NUMBER: 07521702)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023 3,545
Additions 815
At 29 February 2024 4,360
DEPRECIATION
At 1 March 2023 2,286
Charge for year 685
At 29 February 2024 2,971
NET BOOK VALUE
At 29 February 2024 1,389
At 28 February 2023 1,259

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 4,930,720
Additions 215,840
At 29 February 2024 5,146,560
NET BOOK VALUE
At 29 February 2024 5,146,560
At 28 February 2023 4,930,720

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2016 41,805
Valuation in 2017 606,459
Valuation in 2021 1,238,060
Cost 3,260,236
5,146,560

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors - 1,243
Other debtors 787,234 1,201,600
787,234 1,202,843

L4L EUROPE LTD (REGISTERED NUMBER: 07521702)

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

7. CURRENT ASSET INVESTMENTS
29.2.24 28.2.23
£    £   
Listed investments 8,550 5,300

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 35,785 30,128
Taxation and social security 15,429 13,106
Other creditors 420,326 311,660
471,540 354,894

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans (see note 10) 3,893,660 3,630,494
Other creditors 22,500 32,500
3,916,160 3,662,994

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 3,893,660 3,630,494

Repayable by instalments
Other loans more 5yrs instal 22,500 32,500

10. LOANS

An analysis of the maturity of loans is given below:

29.2.24 28.2.23
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 3,893,660 3,630,494

Repayable by instalments
Other loans more 5yrs instal 22,500 32,500

Under the bank loan, £50,000 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

L4L EUROPE LTD (REGISTERED NUMBER: 07521702)

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1 Ordinary £1 1 1

12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 March 2023 10,961 1,886,324 1,897,285
Profit for the year 47,186 47,186
Dividends (64,000 ) (64,000 )
At 29 February 2024 (5,853 ) 1,886,324 1,880,471

13. ULTIMATE CONTROLLING PARTY

The controlling party is C Damen.