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Company Registration No. 12614206 (England and Wales)
LEMON LANE LTD Unaudited accounts for the year ended 31 May 2024
LEMON LANE LTD Unaudited accounts Contents
Page
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LEMON LANE LTD Company Information for the year ended 31 May 2024
Directors
Lucy Francis Jade Howgrave-Graham Rachel Capell
Company Number
12614206 (England and Wales)
Registered Office
167-169 GREAT PORTLAND STREET London London W1W 5PF United Kingdom
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of LEMON LANE LTD for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of LEMON LANE LTD for the year ended 31 May 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of LEMON LANE LTD, as a body, in accordance with the terms of our engagement letter dated 30 March 2021. Our work has been undertaken solely to prepare for your approval the accounts of LEMON LANE LTD and state those matters that we have agreed to state to the Board of Directors of LEMON LANE LTD, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LEMON LANE LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that LEMON LANE LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of LEMON LANE LTD. You consider that LEMON LANE LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of LEMON LANE LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Member in Practice 11 November 2024
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LEMON LANE LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,221 
5,631 
Current assets
Debtors
1,286,308 
289,337 
Cash at bank and in hand
2,968,068 
1,461,811 
4,254,376 
1,751,148 
Creditors: amounts falling due within one year
(3,462,420)
(1,304,445)
Net current assets
791,956 
446,703 
Net assets
798,177 
452,334 
Capital and reserves
Called up share capital
3,000 
3,000 
Profit and loss account
795,177 
449,334 
Shareholders' funds
798,177 
452,334 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by
Lucy Francis Director Company Registration No. 12614206
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LEMON LANE LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
LEMON LANE LTD is a private company, limited by shares, registered in England and Wales, registration number 12614206. The registered office is 167-169 GREAT PORTLAND STREET, London, London, W1W 5PF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
1,484.66
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2023
6,447 
Additions
3,592 
At 31 May 2024
10,039 
Depreciation
At 1 June 2023
816 
Charge for the year
3,002 
At 31 May 2024
3,818 
Net book value
At 31 May 2024
6,221 
At 31 May 2023
5,631 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,234,719 
289,337 
Accrued income and prepayments
51,589 
- 
1,286,308 
289,337 
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LEMON LANE LTD Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
215,525 
35,860 
Trade creditors
92,404 
46,757 
Taxes and social security
215,974 
125,087 
Other creditors
2,902,048 
1,077,563 
Accruals
36,469 
19,178 
3,462,420 
1,304,445 
7
Average number of employees
During the year the average number of employees was 12 (2023: 6).
8
Reconciliations on adoption of FRS 102
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