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Company No: 11031734 (England and Wales)

LEIPZIG INVESTMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

LEIPZIG INVESTMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

LEIPZIG INVESTMENTS LIMITED

COMPANY INFORMATION

For the financial year ended 31 October 2024
LEIPZIG INVESTMENTS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2024
DIRECTORS J H Barrell
R G Eustace
REGISTERED OFFICE 41 St. Peters Grove
London
W6 9AY
United Kingdom
COMPANY NUMBER 11031734 (England and Wales)
ACCOUNTANT S&W Partners LLP
103 Colmore Row
Birmingham
B3 3AG
LEIPZIG INVESTMENTS LIMITED

BALANCE SHEET

As at 31 October 2024
LEIPZIG INVESTMENTS LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
Fixed assets
Investments 3 25,000 25,000
25,000 25,000
Current assets
Debtors 4 4,008,321 4,014,128
Cash at bank and in hand 18,407 2,960
4,026,728 4,017,088
Creditors: amounts falling due within one year 5 ( 3,562,375) ( 3,561,411)
Net current assets 464,353 455,677
Total assets less current liabilities 489,353 480,677
Net assets 489,353 480,677
Capital and reserves
Called-up share capital 388,939 388,939
Profit and loss account 100,414 91,738
Total shareholders' funds 489,353 480,677

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Leipzig Investments Limited (registered number: 11031734) were approved and authorised for issue by the Board of Directors on 22 July 2025. They were signed on its behalf by:

J H Barrell
Director
LEIPZIG INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
LEIPZIG INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Leipzig Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 41 St. Peters Grove, London, W6 9AY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Leipzig Investments Limited is considered to be EUR because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Foreign currency

The Company's functional currency is GBP. This differs from the presentational currency which is Euros. The reason for this difference is that this minimises foreign exchange exposure due to the Euro loan to the Company's subsidiary undertaking.

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise on monetary items.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument.

Investments in subsidiaries are measured at cost less accumulated impairment.

Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.

Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Investments in subsidiaries

2024
Cost
At 01 November 2023 25,000
At 31 October 2024 25,000
Carrying value at 31 October 2024 25,000
Carrying value at 31 October 2023 25,000

4. Debtors

2024 2023
Accrued income 158,321 164,128
Other debtors 3,850,000 3,850,000
4,008,321 4,014,128

Other debtors represents loans to the subsidiary company - Leipzig Portfolio 1 GmbH.

5. Creditors: amounts falling due within one year

2024 2023
Amounts owed to directors 3,553,680 3,553,680
Accruals 6,648 6,125
Taxation and social security 2,047 1,606
3,562,375 3,561,411

6. Related party transactions

Transactions with owners holding a participating interest in the entity

As at the year end, the Company had outstanding loans, which are payable to shareholders, of €3,553,680 (2023 - €3,553,680). These loans are interest free and repayable on demand.

Other related party transactions

As at the year end, the Company had oustanding loans, which are repayable from its subsidiary of €3,850,000 (2023 - €3,850,000). Interest is accruing on €3,000,000 of the loans at 0.1% per annum, and on the remaining €850,000 of the loans at 0.4% per annum. These loans are repayable on demand. The total amount due to the Company, including interest at the year end was €4,008,321 (2023 - €4,014,128).

7. Ultimate controlling party

The directors do not consider there to be an ultimate controlling party.