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REGISTERED NUMBER: 04552250 (England and Wales)












LEXAMRIO 2 LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






LEXAMRIO 2 LIMITED (REGISTERED NUMBER: 04552250)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEXAMRIO 2 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mr M Ioannou





REGISTERED OFFICE: 36 Mount Pleasant
Barnet
Hertfordshire
EN4 9HH





REGISTERED NUMBER: 04552250 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

LEXAMRIO 2 LIMITED (REGISTERED NUMBER: 04552250)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,413 13,955
Investment property 5 3,410,000 3,410,000
3,467,413 3,423,955

CURRENT ASSETS
Debtors 6 7,153 6,019
Cash at bank and in hand 21,940 8,704
29,093 14,723
CREDITORS
Amounts falling due within one year 7 271,237 297,131
NET CURRENT LIABILITIES (242,144 ) (282,408 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,225,269

3,141,547

CREDITORS
Amounts falling due after more than one
year

8

(963,475

)

(920,096

)

PROVISIONS FOR LIABILITIES 11 (186,318 ) (141,601 )
NET ASSETS 2,075,476 2,079,850

CAPITAL AND RESERVES
Called up share capital 12 100 100
Fair value reserve 13 987,324 987,324
Retained earnings 13 1,088,052 1,092,426
SHAREHOLDERS' FUNDS 2,075,476 2,079,850

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

LEXAMRIO 2 LIMITED (REGISTERED NUMBER: 04552250)

BALANCE SHEET - continued
31 OCTOBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 June 2025 and were signed by:





Mr M Ioannou - Director


LEXAMRIO 2 LIMITED (REGISTERED NUMBER: 04552250)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Lexamrio 2 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the net rents receivable, excluding value added tax. Turnover is recognised when rent becomes due under the lease agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

LEXAMRIO 2 LIMITED (REGISTERED NUMBER: 04552250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 48,556 - - 48,556
Additions 1,338 61,026 260 62,624
At 31 October 2024 49,894 61,026 260 111,180
DEPRECIATION
At 1 November 2023 34,601 - - 34,601
Charge for year 3,823 15,257 86 19,166
At 31 October 2024 38,424 15,257 86 53,767
NET BOOK VALUE
At 31 October 2024 11,470 45,769 174 57,413
At 31 October 2023 13,955 - - 13,955

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 3,410,000
NET BOOK VALUE
At 31 October 2024 3,410,000
At 31 October 2023 3,410,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2019 1,580,882
Valuation in 2022 (451,957 )
Cost 2,281,075
3,410,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.10.24 31.10.23
£    £   
Cost 2,281,075 2,281,075

Investment properties were valued on an open market basis on 31 October 2022 by the director .

LEXAMRIO 2 LIMITED (REGISTERED NUMBER: 04552250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Prepayments 7,153 6,019

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts (see note 9) 86,151 117,338
Other loans (see note 9) 4,993 -
Corporation tax - 1,990
Rent deposits 12,449 12,449
Directors' current accounts 162,964 160,854
Accrued expenses 4,680 4,500
271,237 297,131

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans (see note 9) 925,106 920,096
Other loans (see note 9) 38,369 -
963,475 920,096

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 600,847 616,673

9. LOANS

An analysis of the maturity of loans is given below:

31.10.24 31.10.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 5,086 8,807
Bank loans 81,065 108,531
Other loans 4,993 -
91,144 117,338

Amounts falling due between one and two years:
Bank loans - 1-2 years 81,065 75,856
Other loans - 1-2 years 4,993 -
86,058 75,856

LEXAMRIO 2 LIMITED (REGISTERED NUMBER: 04552250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


9. LOANS - continued
31.10.24 31.10.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 243,194 227,567
Other loans - 2-5 years 33,376 -
276,570 227,567

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 600,847 616,673

10. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank overdrafts 5,086 8,807
Bank loans 1,006,171 1,028,627
1,011,257 1,037,434

The bank overdrafts and loans are secured by personal guarantee by the director.

11. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 186,318 141,601

Deferred
tax
£   
Balance at 1 November 2023 141,601
Provided during year 44,717
Balance at 31 October 2024 186,318

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
10 Ordinary voting £1 10 10
90 Ordinary non-voting £1 90 90
100 100

LEXAMRIO 2 LIMITED (REGISTERED NUMBER: 04552250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


13. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 November 2023 1,092,426 987,324 2,079,750
Deficit for the year (4,374 ) (4,374 )
At 31 October 2024 1,088,052 987,324 2,075,376

14. ULTIMATE CONTROLLING PARTY

Mr M Ioannou, the director and members of his close family control the company as a result of holding directly and indirectly 100 per cent of the issued ordinary share capital.