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REGISTERED NUMBER: 04248672 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

L.P.I.S. LIMITED

L.P.I.S. LIMITED (REGISTERED NUMBER: 04248672)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


L.P.I.S. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr P Alterman
Mr J Paschali





SECRETARY: Mrs R Alterman





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 04248672 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

L.P.I.S. LIMITED (REGISTERED NUMBER: 04248672)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 852 1,064
Investments 5 575,333 575,333
576,185 576,397

CURRENT ASSETS
Debtors 6 1,284,844 1,239,769
Cash at bank 24,884 59,932
1,309,728 1,299,701
CREDITORS
Amounts falling due within one year 7 173,955 178,529
NET CURRENT ASSETS 1,135,773 1,121,172
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,711,958

1,697,569

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Retained earnings 1,701,958 1,687,569
SHAREHOLDERS' FUNDS 1,711,958 1,697,569

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

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

L.P.I.S. LIMITED (REGISTERED NUMBER: 04248672)

BALANCE SHEET - continued
31 JULY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2025 and were signed on its behalf by:





Mr J Paschali - Director


L.P.I.S. LIMITED (REGISTERED NUMBER: 04248672)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

L.P.I.S. 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 consists of commission receivable.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Taxation
Corporation tax payable is provided on the taxable profits at the current rate.


3. EMPLOYEES AND DIRECTORS

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

L.P.I.S. LIMITED (REGISTERED NUMBER: 04248672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2023
and 31 July 2024 11,258
DEPRECIATION
At 1 August 2023 10,194
Charge for year 212
At 31 July 2024 10,406
NET BOOK VALUE
At 31 July 2024 852
At 31 July 2023 1,064

5. FIXED ASSET INVESTMENTS
Interest
in other
participating Unlisted
interests investments Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 333 575,000 575,333
NET BOOK VALUE
At 31 July 2024 333 575,000 575,333
At 31 July 2023 333 575,000 575,333

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 55,082 95,833
Amounts owed by group undertakings 1,151,436 1,143,936
Prepayments and accrued income 78,326 -
1,284,844 1,239,769

L.P.I.S. LIMITED (REGISTERED NUMBER: 04248672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 102,093 81,120
Amounts owed to group undertakings 64,364 89,364
Taxation 3,425 5,885
Directors' current accounts 1,913 -
Accruals 2,160 2,160
173,955 178,529

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
10,000 Ordinary £1 10,000 10,000

9. ULTIMATE CONTROLLING PARTY

There is no one party having ultimate control of the company.