LESSONCITY LIMITED

Company Registration Number:
02616049 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

LESSONCITY LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

LESSONCITY LIMITED

Balance sheet

As at 31 December 2024


Notes

2024

2023


£

£
Fixed assets
Investments: 3 423,356 414,183
Total fixed assets: 423,356 414,183
Current assets
Creditors: amounts falling due within one year: 4 (25,026) (23,526)
Net current assets (liabilities): (25,026) (23,526)
Total assets less current liabilities: 398,330 390,657
Total net assets (liabilities): 398,330 390,657
Capital and reserves
Called up share capital: 1,577 1,577
Share premium account: 519,212 519,212
Profit and loss account: (122,459) (130,132)
Shareholders funds: 398,330 390,657

The notes form part of these financial statements

LESSONCITY LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 May 2025
and signed on behalf of the board by:

Name: Graeme Jones
Status: Director

The notes form part of these financial statements

LESSONCITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

LESSONCITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

LESSONCITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Fixed investments

The classification, recognition and derecognition, measurement and impairment of financial assets in accordance with IFRS 9 has been described below. Classification The Company classifies its financial assets as those measured subsequently at fair value through profit or loss. Fair value gains and losses are recorded in profit or loss. Recognition and derecognition The Company recognises a financial asset in its statement of financial position when it becomes a party to the contractual provisions of the instruments. Regular way purchases and sales of financial assets are recognised on trade-date, the date on which the Company commits to purchase or sell the asset. Financial assets are derecognised when the rights to receive cash flows from the financial assets have expired or have been transferred and the Company has transferred substantially all the risks and rewards of ownership. Measurement At initial recognition, the Company measures a financial asset at its fair value plus transaction costs that are directly attributable to the acquisition of the financial asset. The Company subsequently measures all equity investments at fair value. Dividends from such investments continue to be recognised in profit or loss as revenue when the Company’s right to receive payments is established. Impairment Changes in fair value of financial assets are presented separately in the income statement

LESSONCITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

Creditors include amounts due to a subsidiary undertaking. Payables to related parties do not have a specific repayment date.

LESSONCITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Related party transactions

Name of the related party: Lathkil Securities Limited
Relationship:
Subsidiary undertaking
Description of the Transaction: Intercompany Balance
£
Balance at 01 January 2024 23,501
Balance at 31 December 2024 25,026
Name of the related party: Chasophie Group Limited
Relationship:
Principal Shareholder
Description of the Transaction: Intercompany balance
£
Balance at 01 January 2024 25
Balance at 31 December 2024 0