Company registration number 07688912 (England and Wales)
LCG ASSETS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
LCG ASSETS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
LCG ASSETS LTD
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
2
192,991
192,991
Current assets
-
-
Creditors: amounts falling due within one year
3
(1,200)
(1,200)
Net current liabilities
(1,200)
(1,200)
Total assets less current liabilities
191,791
191,791
Provisions for liabilities
(5,948)
(5,948)
Net assets
185,843
185,843
Capital and reserves
Called up share capital
4
40
40
Revaluation reserve
5
25,465
25,465
Capital redemption reserve
40
40
Profit and loss reserves
160,298
160,298
Total equity
185,843
185,843
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 16 May 2025 and are signed on its behalf by:
Mr S Hammond
Director
Company registration number 07688912 (England and Wales)
LCG ASSETS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 2 -
1
Accounting policies
Company information
LCG Assets Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Kings Parade, Lower Coombe Street, Croydon, Surrey, CR0 1AA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2
Fixed asset investments
2025
2024
£
£
Investments
192,991
192,991
The current value of the fixed asset investments have been reviewed for impairment by the directors.
Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 February 2024 & 31 January 2025
192,991
Carrying amount
At 31 January 2025
192,991
At 31 January 2024
192,991
LCG ASSETS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -
3
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
1,200
1,200
4
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
20 Ordinary A of £1 each
20
20
10 Ordinary C of £1 each
10
10
10 Ordinary D of £1 each
10
10
40
40
5
Revaluation reserve
2025
2024
£
£
At the beginning and end of the year
25,465
25,465