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REGISTERED NUMBER: 08533421 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

LEXMEX TRADING LTD

LEXMEX TRADING LTD (REGISTERED NUMBER: 08533421)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LEXMEX TRADING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Y Neuhaus
I Stern





REGISTERED OFFICE: 6 Lower Ground Floor
6 Wilderton Rd
London
N16 5QZ





REGISTERED NUMBER: 08533421 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

LEXMEX TRADING LTD (REGISTERED NUMBER: 08533421)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Investment property 4 6,156,694 5,461,288

CURRENT ASSETS
Debtors 5 878,638 336,590
Investments 6 50 50
Cash at bank 17,372 73,134
896,060 409,774
CREDITORS
Amounts falling due within one year 7 (1,158,200 ) (961,832 )
NET CURRENT LIABILITIES (262,140 ) (552,058 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,894,554

4,909,230

CREDITORS
Amounts falling due after more than one
year

8

(3,937,845

)

(2,947,966

)

PROVISIONS FOR LIABILITIES (359,470 ) (359,470 )
NET ASSETS 1,597,239 1,601,794

CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 1,891,946 1,891,946
Retained earnings 10 (294,708 ) (290,153 )
SHAREHOLDERS' FUNDS 1,597,239 1,601,794

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

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

LEXMEX TRADING LTD (REGISTERED NUMBER: 08533421)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





Y Neuhaus - Director


LEXMEX TRADING LTD (REGISTERED NUMBER: 08533421)

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

1. STATUTORY INFORMATION

Lexmex Trading Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent received, excluding value added tax.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

LEXMEX TRADING LTD (REGISTERED NUMBER: 08533421)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 5,461,288
Additions 695,406
At 31 May 2024 6,156,694
NET BOOK VALUE
At 31 May 2024 6,156,694
At 31 May 2023 5,461,288

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2018 223,376
Valuation in 2019 45,000
Valuation in 2020 (162,357 )
Valuation in 2021 2,233,054
Valuation in 2022 2,359,317
Valuation in 2023 762,898
Valuation in 2024 695,406
6,156,694

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 33,413 13,971
Amounts owed by group undertakings 10,065 36,434
Other debtors 835,160 286,185
878,638 336,590

6. CURRENT ASSET INVESTMENTS
31.5.24 31.5.23
£    £   
Shares in group undertakings 50 50

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 10,218 19,958
Taxation and social security 4,946 4,946
Other creditors 1,143,036 936,928
1,158,200 961,832

LEXMEX TRADING LTD (REGISTERED NUMBER: 08533421)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 3,937,845 2,947,966

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 3,898,901 2,903,831

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 June 2023 (290,153 ) 1,891,946 1,601,793
Deficit for the year (4,555 ) (4,555 )
At 31 May 2024 (294,708 ) 1,891,946 1,597,238