| Registered Number:09202738 |
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
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
Lygon Partners Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
294,839
461,498
2
80,679
40,807
3
335,646
542,177
| 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
50
50
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. |
| 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 |
1 of 5
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. |
First Floor
1 Albemarle Street
London
W1S 4HA
| The presentation currency is £ sterling. |
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
Computer Equipment
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.
2 of 5
For the year ended 30 September 2024
Lygon Partners Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
| Fixtures, |
| fittings & |
| equipment |
726,568
140,662
144,437
441,469
8,328
8,095
233
-
(1,745)
-
-
(1,745)
441,469
144,670
147,012
733,151
| Provision for depreciation and impairment |
265,070
79,756
60,790
124,524
Charge for year
173,505
42,189
33,794
97,522
(263)
(263)
-
-
438,312
121,682
94,584
222,046
219,423
50,086
25,330
294,839
316,945
83,647
60,906
461,498
3 of 5
For the year ended 30 September 2024
Lygon Partners Limited
Notes to the Financial Statements Continued
| 3. Investments held as fixed assets |
88,000
88,000
4,895
4,895
92,895
92,895
| Provision for amortisation and impairment |
7,321
7,321
44,767
44,767
52,088
52,088
40,807
40,807
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
856,201
1,581,865
548,183
491,918
2,073,783
1,404,384
4 of 5
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
312,312
354,874
| Taxation and social security |
159,743
626,414
1,297,649
2,660,251
1,769,704
3,641,539
| 6. Guarantees and other financial 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
857,779
476,544
762,470
1,207,244
| 7. Average number of persons employed |
During the year the average number of employees was 22 (2023 : 18)
5 of 5