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REGISTERED NUMBER: 09478956 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LONDON INNOVATION PARTNERS LIMITED

LONDON INNOVATION PARTNERS LIMITED (REGISTERED NUMBER: 09478956)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LONDON INNOVATION PARTNERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: I P Iliev





REGISTERED OFFICE: 10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA





REGISTERED NUMBER: 09478956 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

LONDON INNOVATION PARTNERS LIMITED (REGISTERED NUMBER: 09478956)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 1 1
Tangible assets 6 1,884 2,538
1,885 2,539

CURRENT ASSETS
Debtors 7 80,906 73,181
Cash at bank 6,318 480
87,224 73,661
CREDITORS
Amounts falling due within one year 8 (149,666 ) (134,334 )
NET CURRENT LIABILITIES (62,442 ) (60,673 )
TOTAL ASSETS LESS CURRENT LIABILITIES (60,557 ) (58,134 )

CREDITORS
Amounts falling due after more than one
year

9

(4,883

)

(8,260

)
NET LIABILITIES (65,440 ) (66,394 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (65,540 ) (66,494 )
SHAREHOLDERS' FUNDS (65,440 ) (66,394 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

LONDON INNOVATION PARTNERS LIMITED (REGISTERED NUMBER: 09478956)

BALANCE SHEET - continued
31 MARCH 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 March 2025 and were signed by:





I P Iliev - Director


LONDON INNOVATION PARTNERS LIMITED (REGISTERED NUMBER: 09478956)

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

1. STATUTORY INFORMATION

London Innovation Partners 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the sale of services rendered during the year in respect of the provision of Management Consultancy Services, exclusive of Value Added Tax. Turnover is recognised in the profit and loss account once the right to consideration has been earned.

Intangible assets
Licences are recognised at cost and amortised over their useful economic life. The useful life will be reviewed at the end of each reporting period and revised when applicable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% & 33% on cost

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

4. EMPLOYEES AND DIRECTORS

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

LONDON INNOVATION PARTNERS LIMITED (REGISTERED NUMBER: 09478956)

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

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 3,000
AMORTISATION
At 1 April 2023
and 31 March 2024 2,999
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 4,733
DEPRECIATION
At 1 April 2023 2,195
Charge for year 654
At 31 March 2024 2,849
NET BOOK VALUE
At 31 March 2024 1,884
At 31 March 2023 2,538

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 75,434 68,576
Other debtors 5,472 4,605
80,906 73,181

LONDON INNOVATION PARTNERS LIMITED (REGISTERED NUMBER: 09478956)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,085 11,085
Trade creditors 7,000 6,999
Other creditors 131,581 116,250
149,666 134,334

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 4,883 8,260

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary 1p 100 100

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
I P Iliev
Balance outstanding at start of year - -
Amounts advanced - 13,770
Amounts repaid - (13,770 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

12. RELATED PARTY DISCLOSURES

A company that holds a minority interest in the share capital of the company charged London Innovation Partners Ltd £11,000 (2023: £800) in respect of consultancy and directors fees during the year under review.The balance outstanding at the balance sheet date is £126,100 (2023: £114,100) and is disclosed within other creditors.

The balance due from the company's parent company is £75,434 (2023: £68,576) and disclosed within debtors under amounts due from Group Undertakings. This balance is interest free and repayable on demand.