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Company No: 15007027 (England and Wales)

LENDON LIMITED

Unaudited Financial Statements
For the financial period from 17 July 2023 to 31 July 2024
Pages for filing with the registrar

LENDON LIMITED

Unaudited Financial Statements

For the financial period from 17 July 2023 to 31 July 2024

Contents

LENDON LIMITED

BALANCE SHEET

As at 31 July 2024
LENDON LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 31.07.2024
£
Current assets
Stocks 3 78,510
Debtors 4 4,600
Cash at bank and in hand 850
83,960
Creditors: amounts falling due within one year 5 ( 84,708)
Net current liabilities (748)
Total assets less current liabilities (748)
Net liabilities ( 748)
Capital and reserves
Called-up share capital 6 502
Profit and loss account ( 1,250 )
Total shareholder's deficit ( 748)

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:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Lendon Limited (registered number: 15007027) were approved and authorised for issue by the Director on 17 April 2025. They were signed on its behalf by:

Mr T W J Samuel
Director
LENDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 17 July 2023 to 31 July 2024
LENDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 17 July 2023 to 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Lendon Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is West Lendon Farm, Tedburn St Mary, Exeter, EX6 6AL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. This assumes that the company will continue in operational existence for the foreseeable future. The company is reliant on the continued financial support of the company's directors and bankers and the directors are satisfied that the accounts should be prepared on the going concern basis.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

Period from
17.07.2023 to
31.07.2024
Number
Monthly average number of persons employed by the Company during the period, including the director 0

3. Stocks

31.07.2024
£
Livestock 78,510

4. Debtors

31.07.2024
£
Other debtors 4,600

5. Creditors: amounts falling due within one year

31.07.2024
£
Amounts owed to related parties 80,000
Amounts owed to director 3,458
Accruals 1,250
84,708

During the period the director has a loan with the company. No interest is payable on the balance and the loan is repayable on demand.

6. Called-up share capital

31.07.2024
£
Allotted, called-up and fully-paid
502 Ordinary shares of £ 1.00 each 502

During the period 502 ordinary shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £502.

7. Related party transactions

Other related party transactions

31.07.2024
£
Amount due to other related party 80,000

During the period, the company has a loan with a company where the director is a principal shareholder. No interest is payable on the balance and the loan is repayable on demand