Company Registration No. 12668053 (England and Wales)
LLF1 Ltd
Unaudited accounts
for the period from 1 July 2022 to 30 November 2023
LLF1 Ltd
Statement of financial position
as at 30 November 2023
Creditors: amounts falling due within one year
(102)
-
Net current (liabilities)/assets
(101)
1
Called up share capital
1
1
For the period ending 30 November 2023 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 director acknowledges his 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 and authorised for issue on 20 December 2024 and were signed on its behalf by
Francisco Javier Rodriguez Purcet
Director
Company Registration No. 12668053
LLF1 Ltd
Notes to the Accounts
for the period from 1 July 2022 to 30 November 2023
LLF1 Ltd is a private company, limited by shares, registered in England and Wales, registration number 12668053. The registered office is 1st Floor Fraser House, South Road, Lancaster, LA1 4XQ.
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.
These financial statements for the period from 1 July 2022 to 30 November 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Group Accounts
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
The accounts are presented in £ sterling.
Investments in shares are included at fair value.
4
Investments
Subsidiary undertakings
Valuation at 1 July 2022
-
Valuation at 30 November 2023
102
Details of the company's subsidiaries are as follows (all 100% owned):
Ignite Group Services Limited, a service company with registered office at 40 Hoghton Street, Southport, PR9 0PQ.
Fuse Legal Limited, a company providing administrative support to legal firms with registered office at 1st Floor Fraser House White Cross, South Road, Lancaster, United Kingdom, LA1 4XQ.
Ignite Group Strategies Limited, a company providing administrative, marketing and IT support with registered office at 40 Hoghton Street, Southport, PR9 0PQ.
LLF1 Ltd
Notes to the Accounts
for the period from 1 July 2022 to 30 November 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
7
Average number of employees
During the period the average number of employees was 1 (2022: 1).