2023-10-01 09202738 2024-09-30 09202738 2023-10-01 2024-09-30 09202738 2023-09-30 09202738 2022-10-01 2023-09-30 09202738 uk-core:WithinOneYear 2023-09-30 09202738 uk-core:WithinOneYear 2024-09-30 09202738 uk-core:ShareCapital 2024-09-30 09202738 uk-core:ShareCapital 2023-09-30 09202738 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 09202738 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 09202738 uk-bus:Director1 2023-10-01 2024-09-30 09202738 uk-core:LeaseholdImprovements 2023-10-01 2024-09-30 09202738 uk-core:ComputerEquipment 2023-10-01 2024-09-30 09202738 uk-core:FurnitureFittings 2023-10-01 2024-09-30 09202738 uk-core:ComputerEquipment 2023-09-30 09202738 uk-core:FurnitureFittings 2023-09-30 09202738 uk-core:LeaseholdImprovements 2023-09-30 09202738 uk-core:LeaseholdImprovements 2024-09-30 09202738 uk-core:FurnitureFittings 2024-09-30 09202738 uk-core:ComputerEquipment 2024-09-30 09202738 uk-core:CostValuation 2023-09-30 09202738 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-09-30 09202738 uk-core:AdditionsToInvestments 2024-09-30 09202738 uk-core:AdditionsToInvestments uk-core:Non-currentFinancialInstruments 2024-09-30 09202738 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-09-30 09202738 uk-core:CostValuation 2024-09-30 09202738 uk-core:ProvisionsForImpairmentInvestments uk-core:Non-currentFinancialInstruments 2023-09-30 09202738 uk-core:ProvisionsForImpairmentInvestments 2023-09-30 09202738 uk-core:ImpairmentLossProvisionsForImpairmentInvestments uk-core:Non-currentFinancialInstruments 2024-09-30 09202738 uk-core:ImpairmentLossProvisionsForImpairmentInvestments 2024-09-30 09202738 uk-core:ProvisionsForImpairmentInvestments uk-core:Non-currentFinancialInstruments 2024-09-30 09202738 uk-core:ProvisionsForImpairmentInvestments 2024-09-30 09202738 uk-core:Non-currentFinancialInstruments 2024-09-30 09202738 uk-core:Non-currentFinancialInstruments 2023-09-30 09202738 uk-core:BetweenTwoFiveYears 2023-09-30 09202738 uk-core:BetweenTwoFiveYears 2024-09-30 iso4217:GBP xbrli:pure 09202738 uk-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 09202738 uk-bus:FRS102 2023-10-01 2024-09-30 09202738 uk-bus:FilletedAccounts 2023-10-01 2024-09-30 09202738 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30
Lygon Partners Limited
Registered Number:09202738
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2024
Lygon Partners Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
09202738
As at 30 September 2024
Lygon Partners Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
294,839
461,498
2
Financial assets
80,679
40,807
3
335,646
542,177
Current assets
Trade and other receivables
2,073,783
1,404,384
4
1,776,500
Cash and cash equivalents
857,416
2,261,800
3,850,283
Trade and other payables: amounts falling due within one
year
(3,641,539)
(1,769,704)
5
208,744
492,096
Net current assets
Total assets less current liabilities
827,742
750,921
(39,635)
(66,413)
Provisions for liabilities
788,107
Net assets
684,508
Capital and reserves
Called up share capital
50
50
Retained earnings
788,057
684,458
788,107
684,508
Shareholders' funds
For the year ended 30 September 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
P Tehan Director
These financial statements were approved and authorised for issue by the Board on 04 June 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 September 2024
Lygon Partners Limited
Notes to the Financial Statements
Statutory Information
Lygon Partners Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 09202738.
Registered address:
First Floor
1 Albemarle Street
London
W1S 4HA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006.
The financial statements have been prepared under the historical costs convention. The principal accounting policies
adopted are set out below.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for services provided in the normal course of business, excluding value added tax.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Leasehold improvements
20% Straight line
33.33% Straight line
Computer Equipment
25% Straight line
Fixtures, fittings & equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals paid under operating leases, including any lease incentives received, are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
Fixed asset investments
Fixed asset investments are recognised at cost less amortisation and any provision for impairment.
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5
For the year ended 30 September 2024
Lygon Partners Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Fixtures,
fittings &
equipment
Leasehold
improvements
£
£
£
£
Cost or
valuation
At 01 October 2023
726,568
140,662
144,437
441,469
8,328
8,095
233
-
Additions
(1,745)
-
-
Disposals
(1,745)
At 30 September 2024
441,469
144,670
147,012
733,151
Provision for depreciation and impairment
At 01 October 2023
265,070
79,756
60,790
124,524
Charge for year
173,505
42,189
33,794
97,522
(263)
(263)
-
-
On disposal
At 30 September 2024
438,312
121,682
94,584
222,046
At 30 September 2024
Net book value
219,423
50,086
25,330
294,839
At 30 September 2023
316,945
83,647
60,906
461,498
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6
For the year ended 30 September 2024
Lygon Partners Limited
Notes to the Financial Statements Continued
3. Investments held as fixed assets
Other investments
Total
At 01 October 2023
88,000
88,000
Cost
£
£
4,895
4,895
Additions
At 30 September 2024
92,895
92,895
Provision for amortisation and impairment
At 01 October 2023
7,321
7,321
Provided during
the year
44,767
44,767
At 30 September 2024
52,088
52,088
At 30 September 2024
Net book value
40,807
40,807
At 01 October 2023
80,679
80,679
Investments held as fixed assets comprises of debentures which are being written down over a 10-year life, and
shares in an unlisted UK company. On 30 September 2024, the director performed an impairment review and
determined that it would be appropriate to write down the value of the investment in the unlisted UK company by
£40,583. This is as a result of a fall in the share price for a new issue of shares in the unlisted UK company during
the year. The total impairment loss for the year ended 30 September 2024 was £44,767 and this has been written off
to the Profit and Loss account for the year.
4. Trade and other receivables
2023
2024
£
£
Trade debtors
856,201
1,581,865
Other debtors
548,183
491,918
2,073,783
1,404,384
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7
For the year ended 30 September 2024
Lygon Partners Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
312,312
354,874
Taxation and social security
159,743
626,414
Other creditors
1,297,649
2,660,251
1,769,704
3,641,539
6. Guarantees and other financial commitments
Lease commitments
At 30 September 2024 the company had annual commitments under non-cancellable operating leases as set out
below:
2023
£
2024
£
Operating leases which expire:
285,926
349,465
Within 1 year
857,779
476,544
Within 2 to 5 years
762,470
1,207,244
7. Average number of persons employed
During the year the average number of employees was 22 (2023 : 18)
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