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COMPANY REGISTRATION NUMBER: 11170017
L&L VENTURES LTD.
Filleted Unaudited Financial Statements
31 December 2024
L&L VENTURES LTD.
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Current assets
Debtors
4
11,983,547
11,625,458
Investments
5
559,201
559,201
Cash at bank and in hand
92,078
299,260
-------------
-------------
12,634,826
12,483,919
Creditors: amounts falling due within one year
6
512,602
523,862
-------------
-------------
Net current assets
12,122,224
11,960,057
-------------
-------------
Total assets less current liabilities
12,122,224
11,960,057
Creditors: amounts falling due after more than one year
7
17,127,698
16,173,029
-------------
-------------
Net liabilities
( 5,005,474)
( 4,212,972)
-------------
-------------
Capital and reserves
Called up share capital
100,000
100,000
Profit and loss account
( 5,105,474)
( 4,312,972)
------------
------------
Shareholders deficit
( 5,005,474)
( 4,212,972)
------------
------------
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 statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
L&L VENTURES LTD.
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 18 July 2025 , and are signed on behalf of the board by:
Ms Arman
Director
Company registration number: 11170017
L&L VENTURES LTD.
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3rd Floor 1 Ashley Road, Altrincham, Cheshire, WA14 2DT, England.
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.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
4. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
11,932,339
11,574,250
Other debtors
51,208
51,208
-------------
-------------
11,983,547
11,625,458
-------------
-------------
5. Investments
2024
2023
£
£
Investment - Super Yacht Supplies
559,201
559,201
---------
---------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
11,560
Other creditors
512,602
512,302
---------
---------
512,602
523,862
---------
---------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
4,718,857
4,526,466
Other creditors
12,408,841
11,646,563
-------------
-------------
17,127,698
16,173,029
-------------
-------------