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REGISTERED NUMBER: 09405589 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

LEONG & CHEE LIMITED
T/A
LC VENTURE

LEONG & CHEE LIMITED (REGISTERED NUMBER: 09405589)
T/A LC VENTURE






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


LEONG & CHEE LIMITED
T/A LC VENTURE

COMPANY INFORMATION
for the year ended 31 January 2024







DIRECTORS: G Chee
Ms P Y Leong





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





REGISTERED NUMBER: 09405589 (England and Wales)






LEONG & CHEE LIMITED (REGISTERED NUMBER: 09405589)
T/A LC VENTURE

ABRIDGED BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 698 1,395
Investments 5 1,338 1,338
2,036 2,733

CURRENT ASSETS
Debtors 255 13,474
Cash at bank 11,071 61,236
11,326 74,710
CREDITORS
Amounts falling due within one year 46,101 55,218
NET CURRENT (LIABILITIES)/ASSETS (34,775 ) 19,492
TOTAL ASSETS LESS CURRENT
LIABILITIES

(32,739

)

22,225

CREDITORS
Amounts falling due after more than one
year

10,640

17,360
NET (LIABILITIES)/ASSETS (43,379 ) 4,865

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (43,389 ) 4,855
SHAREHOLDERS' FUNDS (43,379 ) 4,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

LEONG & CHEE LIMITED (REGISTERED NUMBER: 09405589)
T/A LC VENTURE

ABRIDGED BALANCE SHEET - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 January 2025 and were signed on its behalf by:





G Chee - Director


LEONG & CHEE LIMITED (REGISTERED NUMBER: 09405589)
T/A LC VENTURE

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Leong & Chee 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.

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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the prior year.

As at 31 January 2023 the company had net liabilities of £321,160 (2022 - £260,735). The director's
have agreed to support the company to meet its day to day liabilities. With forecast profitable trade the director's are of the opinion that the company is a going concern. The financial statements have been prepared on this basis.

Turnover
Turnover comprises the value of sales (net of value added tax) of services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Patents and licences
Patents and licences that are acquired are recognised at cost and are subsequently carried at cost less accumulated amortisation and accumulated impairment losses. These costs are amortised to profit or loss using the straight line method over ten years.

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

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.

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.

LEONG & CHEE LIMITED (REGISTERED NUMBER: 09405589)
T/A LC VENTURE

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Fixed asset investments
Fixed asset investments are acquired and recognised at cost and are subsequently carried at cost less accumulated impairment losses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 6,973
AMORTISATION
At 1 February 2023 5,578
Amortisation for year 697
At 31 January 2024 6,275
NET BOOK VALUE

At 31 January 2024 698
At 31 January 2023 1,395

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 February 2023
and 31 January 2024 1,338
NET BOOK VALUE
At 31 January 2024 1,338
At 31 January 2023 1,338

6. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.