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COMPANY REGISTRATION NUMBER: 14958768
LV 002 Limited
Filleted Unaudited Financial Statements
30 June 2024
LV 002 Limited
Financial Statements
Period from 24 June 2023 to 30 June 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
LV 002 Limited
Statement of Financial Position
30 June 2024
30 Jun 24
Note
£
Fixed assets
Investments
5
50,000
Current assets
Cash at bank and in hand
1
Creditors: amounts falling due within one year
6
50,000
--------
Net current liabilities
49,999
--------
Total assets less current liabilities
1
----
Capital and reserves
Called up share capital
1
----
Shareholders funds
1
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 November 2024 , and are signed on behalf of the board by:
S Hougham
Director
Company registration number: 14958768
LV 002 Limited
Notes to the Financial Statements
Period from 24 June 2023 to 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 222 Regent Street, London, W1B 5TR, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on a going concern basis which relies upon the continuing support of the investors.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company, excluding directors, during the period amounted to NIL.
5. Investments
Shares in group undertakings
£
Cost
At 24 June 2023
Additions
50,000
--------
At 30 June 2024
50,000
--------
Impairment
At 24 June 2023 and 30 June 2024
--------
Carrying amount
At 30 June 2024
50,000
--------
6. Creditors: amounts falling due within one year
30 Jun 24
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
50,000
--------