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REGISTERED NUMBER: 06377188 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

LEXIS LONDON LIMITED

LEXIS LONDON LIMITED (REGISTERED NUMBER: 06377188)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

LEXIS LONDON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: L Panteli





SECRETARY: Mrs E Logara-Panteli





REGISTERED OFFICE: 1st Floor
69 Ballards Lane
Finchley Central
London
N3 1XT





REGISTERED NUMBER: 06377188 (England and Wales)





ACCOUNTANTS: Chris Skarparis & Co Ltd
Chartered Accountants
2nd Floor
10(b) Aldermans Hill
Palmers Green
London
N13 4PJ

LEXIS LONDON LIMITED (REGISTERED NUMBER: 06377188)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 20,743 23,165
20,743 23,165

CURRENT ASSETS
Stocks 5,000 4,700
Debtors 6 104,655 61,801
Cash at bank 12 2
109,667 66,503
CREDITORS
Amounts falling due within one year 7 89,414 72,018
NET CURRENT ASSETS/(LIABILITIES) 20,253 (5,515 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,996

17,650

CREDITORS
Amounts falling due after more than one
year

8

117,363

99,897
NET LIABILITIES (76,367 ) (82,247 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 (76,467 ) (82,347 )
SHAREHOLDERS' FUNDS (76,367 ) (82,247 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

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 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.

LEXIS LONDON LIMITED (REGISTERED NUMBER: 06377188)

BALANCE SHEET - continued
30 SEPTEMBER 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 18 February 2025 and were signed by:





L Panteli - Director


LEXIS LONDON LIMITED (REGISTERED NUMBER: 06377188)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Lexis London Limited is a private company,limited by shares, registered in England and Wales.The company 's registered number is 06377188 and registered office address is 69 Ballards Lane, Finchley Central, London N3 1XT.

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.

Turnover
Turnover represents net invoiced sales of services.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of nil years.

Website costs
Website development costs are amortised over 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors have considered the working capital position of the company and future working capital requirements, including any impact from the ongoing conflict in Ukraine and high interest rates in the UK and are satisfied that the company will be able to meet its liabilities as they fall due for a period of not less than one year from date of approval of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

LEXIS LONDON LIMITED (REGISTERED NUMBER: 06377188)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 18,854
AMORTISATION
At 1 October 2023
and 30 September 2024 18,854
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 3,300 32,241 35,541
DEPRECIATION
At 1 October 2023 - 12,376 12,376
Charge for year 330 2,092 2,422
At 30 September 2024 330 14,468 14,798
NET BOOK VALUE
At 30 September 2024 2,970 17,773 20,743
At 30 September 2023 3,300 19,865 23,165

6. DEBTORS
30.9.24 30.9.23
£    £   
Amounts falling due within one year:
Directors' current accounts 94,655 51,801
Prepayments 5,000 5,000
99,655 56,801

Amounts falling due after more than one year:
Other Debtors - Rent Deposit 5,000 5,000

Aggregate amounts 104,655 61,801

LEXIS LONDON LIMITED (REGISTERED NUMBER: 06377188)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 59,509 41,594
Other loans 21,844 19,071
Trade creditors 2 (1 )
Tax 1,033 2,346
Social security and other taxes 425 1,440
Net Wages 5,797 6,476
Pension a/c 204 192
Accrued expenses 600 900
89,414 72,018

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loan - HSBC 35,173 37,221
Finance cost (649 ) (1,299 )
Other loans 82,839 63,975
117,363 99,897

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.24 30.9.23
£    £   
Within one year 20,000 20,000

10. DIRECTOR'S LOAN

Included in Debtors - amounts falling due within one year is a loan of £94,655 (2023: £51,801) due from the Directors. This loan is recognised at transaction price.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary 1 100 100

12. RESERVES
Retained
earnings
£   

At 1 October 2023 (82,347 )
Profit for the year 5,880
At 30 September 2024 (76,467 )

LEXIS LONDON LIMITED (REGISTERED NUMBER: 06377188)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
L Panteli
Balance outstanding at start of year 51,801 19,259
Amounts advanced 97,605 51,801
Amounts repaid (54,751 ) (19,259 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 94,655 51,801

Interest on the director's loan account was charged at the official HM Revenue & Customs rates.

14. GOING CONCERN

The financial statements have been prepared on a going concern basis on the assumption that the directors will continue supporting the company. As at 30 September 2024, the company had Net Liabilities of £76,367 (2023: £82,247)

The Company is steadily recovering from major impacts on the English language teaching industry over the last few years; such as Covid-19, the exit from the European Union and high levels of inflation in the UK and globally.

The industry is now stabilising with evident growth in sales and marginal changes in fixed costs for the Company.The UK is leading the way in this recovery, with 2026 expected to demonstrate significant market share increases and revenue/ profit for the Company.

The Company is taking all the steps it can to capitalise on this industry growth and thus protect the future of the business, the director therefore believes that it is appropriate to prepare the accounts on a going concern basis.

In order for the Company to reach its expansion plans, working capital investment has also been sought for sales and marketing purposes.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LEXIS LONDON LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lexis London Limited for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Lexis London Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lexis London Limited and state those matters that we have agreed to state to the director of Lexis London Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lexis London Limited and its director for our work or for this report.

It is your duty to ensure that Lexis London Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lexis London Limited. You consider that Lexis London Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lexis London Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Chris Skarparis & Co Ltd
Chartered Accountants
2nd Floor
10(b) Aldermans Hill
Palmers Green
London
N13 4PJ


18 February 2025