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REGISTERED NUMBER: 10432975 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 October 2023

for

LPHV Group Limited

LPHV Group Limited (Registered number: 10432975)






Contents of the Financial Statements
for the Year Ended 30 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LPHV Group Limited

Company Information
for the Year Ended 30 October 2023







DIRECTORS: M P Griffin
J M T Griffin





REGISTERED OFFICE: Devon House
Church Hill
Winchmore Hill
London
N21 1LE





REGISTERED NUMBER: 10432975 (England and Wales)





ACCOUNTANTS: AMC FINANCE LTD
76 WINDSOR ROAD
MAIDENHEAD
BERKSHIRE
SL6 2DJ

LPHV Group Limited (Registered number: 10432975)

Balance Sheet
30 October 2023

30.10.23 30.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,287 1,716
Investments 5 205,070 205,170
206,357 206,886

CURRENT ASSETS
Stocks 450,228 735,518
Debtors 6 600,426 706,675
Cash in hand - 65
1,050,654 1,442,258
CREDITORS
Amounts falling due within one year 7 1,862,077 2,124,424
NET CURRENT LIABILITIES (811,423 ) (682,166 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(605,066

)

(475,280

)

CREDITORS
Amounts falling due after more than
one year

8

451,635

459,555
NET LIABILITIES (1,056,701 ) (934,835 )

LPHV Group Limited (Registered number: 10432975)

Balance Sheet - continued
30 October 2023

30.10.23 30.10.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (1,056,801 ) (934,935 )
SHAREHOLDERS' FUNDS (1,056,701 ) (934,835 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





M P Griffin - Director


LPHV Group Limited (Registered number: 10432975)

Notes to the Financial Statements
for the Year Ended 30 October 2023

1. STATUTORY INFORMATION

LPHV Group 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.


LPHV Group Limited (Registered number: 10432975)

Notes to the Financial Statements - continued
for the Year Ended 30 October 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 31 October 2022
and 30 October 2023 2,711
DEPRECIATION
At 31 October 2022 995
Charge for year 429
At 30 October 2023 1,424
NET BOOK VALUE
At 30 October 2023 1,287
At 30 October 2022 1,716

5. FIXED ASSET INVESTMENTS

30.10.23 30.10.22
£    £   
Shares in group undertakings 70 170
Loans to group undertakings 205,000 205,000
205,070 205,170

LPHV Group Limited (Registered number: 10432975)

Notes to the Financial Statements - continued
for the Year Ended 30 October 2023

5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 31 October 2022 170
Disposals (100 )
At 30 October 2023 70
NET BOOK VALUE
At 30 October 2023 70
At 30 October 2022 170
Loans to
group
undertakings
£   
At 31 October 2022
and 30 October 2023 205,000

6. DEBTORS
30.10.23 30.10.22
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 62,386 62,386
Other debtors 538,040 554,425
600,426 616,811

Amounts falling due after more than one year:
Amounts owed by group undertakings - 89,864

Aggregate amounts 600,426 706,675

LPHV Group Limited (Registered number: 10432975)

Notes to the Financial Statements - continued
for the Year Ended 30 October 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.23 30.10.22
£    £   
Bank loans and overdrafts 28,808 32,888
Trade creditors - 19,692
Social security and other taxes 8,843 8,151
Other creditors 1,818,216 2,053,493
Accruals and deferred income 6,210 10,200
1,862,077 2,124,424

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.10.23 30.10.22
£    £   
Bank loans - 1-2 years 32,634 40,554
Other creditors 419,001 419,001
451,635 459,555

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.10.23 30.10.22
value: £    £   
100 Ordinary 1 100 100

10. RELATED PARTY DISCLOSURES

In 2017 the company purchased £205,000 preference shares in its subsidiary London Penthouse (Highgate 1 ) Limited.