Registration number: 10855613

Lion Press Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Lion Press Limited

Company Information

Director

Mr C Tew

Registered office

Innovations House 19 Staple Gardens Winchester Hampshire SO23 8SR

Accountants

Tax Innovations Limited Innovations House 19 Staple Gardens Winchester Hampshire SO23 8SR

Lion Press Limited

(Registration number: 10855613)
Balance Sheet as at 31 July 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	1,597	2,981
Current assets
Debtors	5	61,114	75,460
Cash at bank and in hand		2,646	5,471
		63,760	80,931
Creditors: Amounts falling due within one year	6	(5,696)	(26,563)
Net current assets		58,064	54,368
Net assets		59,661	57,349
Capital and reserves
Called up share capital	7	100	100
Retained earnings		59,561	57,249
Shareholders' funds		59,661	57,349

For the financial period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 March 2025
 

......................................... Mr C Tew Director

Lion Press Limited

Notes to the Unaudited Financial Statements for the Period from 31 July 2023 to 31 July 2024

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Innovations House
19 Staple Gardens
Winchester
Hampshire
SO23 8SR
United Kingdom

These financial statements were authorised for issue by the director on 31 March 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity; and
- specific criteria have been met for each of the company's activities.

Lion Press Limited

Notes to the Unaudited Financial Statements for the Period from 31 July 2023 to 31 July 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% Reducing Balance
Office Equipment	25% Straight Line Method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Lion Press Limited

Notes to the Unaudited Financial Statements for the Period from 31 July 2023 to 31 July 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 3 (2023 - 3).

Lion Press Limited

Notes to the Unaudited Financial Statements for the Period from 31 July 2023 to 31 July 2024

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 31 July 2023	6,759	6,759
At 31 July 2024	6,759	6,759
Depreciation
At 31 July 2023	3,778	3,778
Charge for the period	1,384	1,384
At 31 July 2024	5,162	5,162
Carrying amount
At 31 July 2024	1,597	1,597
At 30 July 2023	2,981	2,981

5

Debtors

Current	Note	2024 £	2023 £
Trade debtors		-	67,743
Amounts owed by related parties	8	54,892	-
Other debtors		6,222	7,717
		61,114	75,460

6

Creditors

Creditors: amounts falling due within one year

Lion Press Limited

Notes to the Unaudited Financial Statements for the Period from 31 July 2023 to 31 July 2024

	Note	2024 £	2023 £
Due within one year
Trade creditors		-	218
Amounts owed to group undertakings and undertakings in which the company has a participating interest	8	-	20,580
Taxation and social security		3,540	4,615
Accruals and deferred income		1,900	1,900
Other creditors		256	(750)
		5,696	26,563

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

8	Related party transactions

Transactions with the director

2024	At 31 July 2023 £	Repayments by director £	At 31 July 2024 £
Mr C Tew
Director's loan account	(2,515)	139	(2,376)

2023	At 31 July 2022 £	Repayments by director £	At 30 July 2023 £
Mr C Tew
Director's loan account	(5,240)	2,725	(2,515)

Loans to related parties

Lion Press Limited

Notes to the Unaudited Financial Statements for the Period from 31 July 2023 to 31 July 2024

2024	Parent £	Total £
At start of period	(20,580)	(20,580)
Advanced	20,580	20,580
At end of period	-	-

2023	Parent £	Total £
Advanced	150,000	150,000
Repaid	(170,580)	(170,580)
At end of period	(20,580)	(20,580)

Loans from related parties

2024	Parent £	Total £
Advanced	54,892	54,892
At end of period	54,892	54,892

Terms of loans from related parties

Loan owed by Mind Quo Ltd to Lion Press Limited, no fixed repayment period and at 0% interest.
 

9	Parent and ultimate parent undertaking

The company's immediate parent is Mind Quo Ltd, incorporated in Hong Kong .

 The ultimate controlling party is Christopher George Tew.