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COMPANY REGISTRATION NUMBER: 10201600
Lexigate Limited
Filleted Unaudited Financial Statements
31 May 2024
Lexigate Limited
Financial Statements
Year ended 31 May 2024
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
Lexigate Limited
Officers and Professional Advisers
The board of directors
S N Hikmet
B Hikmet
Registered office
727-729 High Road
London
N12 0BP
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Lexigate Limited
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Lexigate Limited
Year ended 31 May 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 May 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
Lexigate Limited
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
427,347
427,347
Current assets
Cash at bank and in hand
1,768
29
Creditors: amounts falling due within one year
5
1,006
1,006
-------
-------
Net current assets/(liabilities)
762
( 977)
---------
---------
Total assets less current liabilities
428,109
426,370
Creditors: amounts falling due after more than one year
6
419,388
410,427
---------
---------
Net assets
8,721
15,943
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
8,719
15,941
-------
--------
Shareholders funds
8,721
15,943
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Lexigate Limited
Statement of Financial Position (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 14 February 2025 , and are signed on behalf of the board by:
S N Hikmet
Director
Company registration number: 10201600
Lexigate Limited
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Investment property is not depreciated.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .
4. Tangible assets
Freehold property
£
Cost
At 1 June 2023 and 31 May 2024
427,347
---------
Depreciation
At 1 June 2023 and 31 May 2024
---------
Carrying amount
At 31 May 2024
427,347
---------
At 31 May 2023
427,347
---------
In the opinion of the directors, there is no material change in the fair value of the property as at 31 May 2024.
5. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
1,006
1,006
-------
-------
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
419,388
410,427
---------
---------
The bank loan is secured over the assets of the company in favour of Svenska Handelsbanken Ab (Publ).