LONRHO HOLDINGS LIMITED

Company Registration Number:
08502829 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

LONRHO HOLDINGS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

LONRHO HOLDINGS LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The principal activity of the Company is that of an investment holding company.

Political and charitable donations

Donations No political nor charitable donations (2022: $nil) have been made by the Company during the year.



Directors

The directors shown below have held office during the period of
30 June 2023 to 31 December 2023

Sean Walbridge
Evan Edwards


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
17 April 2025

And signed on behalf of the board by:
Name: Evan Edwards
Status: Director

LONRHO HOLDINGS LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 0 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Distribution costs: 0 0
Administrative expenses: ( 1,923 ) ( 1,294 )
Other operating income: 13,600 0
Operating profit(or loss): 11,677 (1,294)
Interest receivable and similar income: 302 721
Interest payable and similar charges: ( 12 ) ( 25 )
Profit(or loss) before tax: 11,967 (598)
Tax: 0 0
Profit(or loss) for the financial year: 11,967 (598)

LONRHO HOLDINGS LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 0 126
Tangible assets: 4 0 2
Investments:   0
Total fixed assets: 0 128
Current assets
Debtors: 5 540 11,501
Cash at bank and in hand: 8 37,239
Total current assets: 548 48,740
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 548 48,740
Total assets less current liabilities: 548 48,868
Creditors: amounts falling due after more than one year: 6 ( 72 ) ( 430 )
Accruals and deferred income: ( 760 )
Total net assets (liabilities): (284) 48,438
Capital and reserves
Called up share capital: 153,040 320,230
Share premium account: 256,720 320,720
Other reserves: 171,855 1,354
Profit and loss account: (581,899 ) (593,866 )
Total Shareholders' funds: ( 284 ) 48,438

The notes form part of these financial statements

LONRHO HOLDINGS LIMITED

Balance sheet statements

For the year ending 31 December 2023 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.

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

This report was approved by the board of directors on 17 April 2025
and signed on behalf of the board by:

Name: Evan Edwards
Status: Director

The notes form part of these financial statements

LONRHO HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Other accounting policies

    1.2 Going concern Preparation of these financial statements is on the basis of liquidation. 1.3 Foreign currency Transactions in foreign currencies are translated to the Company’s functional currencies at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are retranslated to the functional currency at the foreign exchange rate ruling at that date. Non-monetary assets and liabilities that are measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of the transaction. Non-monetary assets and liabilities denominated in foreign currencies that are stated at fair value are retranslated to the functional currency at foreign exchange rates ruling at the dates the fair value was determined. Foreign exchange differences arising on translation are recognised in the profit and loss account. 1.4 Taxation Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income. Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years. 1.5 Cash and cash equivalents Cash and cash equivalents comprise cash in hand and demand 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 changes in value. Bank overdrafts that are repayable on demand and form an integral part of the Company's cash management are included as a component of cash and cash equivalents for the purpose of the statement of cash flows. 1.6 Debtors Trade receivables are measured at initial recognition at fair value and are subsequently measured at amortised cost using the effective interest rate method. Appropriate allowances for estimated recoverable amounts are recognised in the income statement when there is objective evidence the asset is impaired. 1.7 Creditors Trade payables are initially measured at fair value and are subsequently measured at amortised cost using the effective interest rate method. 1.9 Equity instruments Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs. 1.9 Interest-bearing borrowings Interest-bearing borrowings are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, interest-bearing borrowings are stated at amortised cost with any difference between cost and redemption value being recognised in the income statement over the year of the borrowings on an effective interest basis. 1.10 Investments Investments in subsidiary undertakings are stated at cost less amounts written off. A financial asset is assessed at each reporting date to determine whether there is any objective evidence that it is impaired. A financial asset is considered to be impaired if objective evidence indicates that one or more events have had a negative effect on the estimated future cash flows of that asset. An impairment loss in respect of a financial asset measured at amortised cost is calculated as the difference between its carrying amount, and the present value of the estimated future cash flows discounted at the original effective interest rate. An impairment loss in respect of an available-for-sale financial asset is calculated by reference to its fair value. All impairment losses are recognised in the income statement. Any cumulative loss in respect of an available-for-sale financial asset recognised previously in equity is transferred to the income statement. An impairment loss is reversed if the reversal can be related objectively to an event occurring after the impairment loss was recognised. For financial assets measured at amortised cost, the reversal is recognised in the income statement. For available-for-sale financial assets that are equity securities, the reversal is recognised directly in equity. 1.11 Other operating income Income received from subsidiary companies by way of management fee or dividend is treated as other operating income.

LONRHO HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 2

LONRHO HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2023 449 449
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 449 449
Amortisation
At 1 January 2023 323 323
Charge for year 126 126
On disposals
Other adjustments
At 31 December 2023 449 449
Net book value
At 31 December 2023 0 0
At 31 December 2022 126 126

LONRHO HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 6 6
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 6 6
Depreciation
At 1 January 2023 4 4
Charge for year 2 2
On disposals
Other adjustments
At 31 December 2023 6 6
Net book value
At 31 December 2023 0 0
At 31 December 2022 2 2

LONRHO HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
£ £
Other debtors 540 11,501
Total 540 11,501

LONRHO HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 72 430
Total 72 430