L J West UK Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14955225

L J WEST UK LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2023

L J WEST UK LTD

FINANCIAL STATEMENTS

PERIOD FROM 23 JUNE 2023 TO 31 DECEMBER 2023

Contents	Pages

Balance sheet	1 to 2

Notes to the financial statements	3 to 5

L J WEST UK LTD

BALANCE SHEET

31 December 2023

	31 Dec 23
Note	£	£

FIXED ASSETS

Property, plant and equipment	5		2,453

CURRENT ASSETS

Debtors	6	4,942
Cash at bank and in hand		13,277
		---------
		18,219

CREDITORS: amounts falling due within one year	7	( 4,091)
		---------
NET CURRENT ASSETS			14,128
			---------
TOTAL ASSETS LESS CURRENT LIABILITIES			16,581
			---------
NET ASSETS			16,581
			---------

L J WEST UK LTD

BALANCE SHEET (continued)

31 December 2023

	31 Dec 23
Note	£	£

CAPITAL AND RESERVES

Called up share capital		100
Profit and loss account		16,481
		---------
SHAREHOLDERS FUNDS		16,581
		---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 20 June 2025 , and are signed on behalf of the board by:

Mr S D West
Director

Company registration number: 14955225

L J WEST UK LTD

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 23 JUNE 2023 TO 31 DECEMBER 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Acquisitions and disposals of properties

Acquisitions and disposals are considered to have taken place at the date of legal completion and are included in the financial statements accordingly.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover represents fees receivable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost and subsequently measured as cost less depreciation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Short leasehold property	-	depreciated over the term of the lease
Fixtures and fittings	-	25% straight line

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 2 .

5. Property, plant and equipment

	Short leasehold property	Office equipment	Total
	£	£	£
Cost
At 23 June 2023	–	–	–
Additions	2,413	858	3,271
	-------	----	-------
At 31 December 2023	2,413	858	3,271
	-------	----	-------
Depreciation
At 23 June 2023	–	–	–
Charge for the period	603	215	818
	-------	----	-------
At 31 December 2023	603	215	818
	-------	----	-------
Carrying amount
At 31 December 2023	1,810	643	2,453
	-------	----	-------

6. Debtors

	31 Dec 23
	£
Other debtors	4,942
	-------

7. Creditors: amounts falling due within one year

	31 Dec 23
	£
Corporation tax	1,616
Other creditors	2,475
	-------
	4,091
	-------

8. Related party transactions

The company acts as an agent for LJ West Diamonds Inc and all sale and purchase transactions are carried out on behalf of LJ West Diamonds Inc. The sale and purchase transactions are carried out in the company's own name For VAT purposes and the company is treated as the Principal in accordance with Section 47(1) VAT Act 1994. The Company's income represents fees receivable from LJ West Diamonds Inc. Included in other debtors are amounts of £565 due from LJ West Diamonds Inc.