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REGISTERED NUMBER: 09059982 (England and Wales)
















Lavanda Ventures Ltd.

Unaudited Financial Statements

for the Year Ended 31st December 2024






Lavanda Ventures Ltd. (Registered number: 09059982)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Lavanda Ventures Ltd.

Company Information
for the Year Ended 31st December 2024







Directors: Mr G J F Westlake
Mr H D Hill
Mr F B C Lerche-Lerchenborg
Mr A Ghei
Mr M C Slumbers





Registered office: 1 Long Lane
London
SE1 4PG





Registered number: 09059982 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Lavanda Ventures Ltd. (Registered number: 09059982)

Statement of Financial Position
31st December 2024

2024 2023
Notes £    £    £   
Fixed assets
Intangible assets 4 1,141,992 2,154,940
Tangible assets 5 4,376 14,615
Investments 6 1 1
1,146,369 2,169,556

Current assets
Debtors 7 677,329 1,051,832
Cash at bank 1,112,155 1,881,557
1,789,484 2,933,389
Creditors
Amounts falling due within one year 8 2,835,997 1,615,393
Net current (liabilities)/assets (1,046,513 ) 1,317,996
Total assets less current liabilities 99,856 3,487,552

Creditors
Amounts falling due after more than one
year

9

844,925

2,217,391
Net (liabilities)/assets (745,069 ) 1,270,161

Capital and reserves
Called up share capital 4,239 3,769
Share premium 15,301,164 13,171,063
Capital redemption reserve 59,770 59,770
Retained earnings (16,110,242 ) (11,964,441 )
(745,069 ) 1,270,161

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

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

The directors acknowledge their 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.

Lavanda Ventures Ltd. (Registered number: 09059982)

Statement of Financial Position - continued
31st December 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 Board of Directors and authorised for issue on 22nd July 2025 and were signed on its behalf by:





Mr G J F Westlake - Director


Lavanda Ventures Ltd. (Registered number: 09059982)

Notes to the Financial Statements
for the Year Ended 31st December 2024

1. Statutory information

Lavanda Ventures Ltd. 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.

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the directors, that they will continue to give financial support to the company for twelve months from the date of signing of these financial statements.

On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's financial statements may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The financial statements do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

Preparation of consolidated financial statements
The financial statements contain information about Lavanda Ventures Ltd. as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. Employees and directors

The average number of employees during the year was 66 (2023 - 44 ) .

Lavanda Ventures Ltd. (Registered number: 09059982)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

4. Intangible fixed assets
Developme
costs
£   
Cost
At 1st January 2024
and 31st December 2024 7,158,476
Amortisation
At 1st January 2024 5,003,536
Amortisation for year 1,012,948
At 31st December 2024 6,016,484
Net book value
At 31st December 2024 1,141,992
At 31st December 2023 2,154,940

5. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1st January 2024 28,243
Additions 1,417
Disposals (20,852 )
At 31st December 2024 8,808
Depreciation
At 1st January 2024 13,628
Charge for year 1,458
Eliminated on disposal (10,654 )
At 31st December 2024 4,432
Net book value
At 31st December 2024 4,376
At 31st December 2023 14,615

Lavanda Ventures Ltd. (Registered number: 09059982)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

6. Fixed asset investments
Shares in
group
undertakin
£   
Cost
At 1st January 2024
and 31st December 2024 1
Net book value
At 31st December 2024 1
At 31st December 2023 1

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 383,192 579,608
Amounts owed by group undertakings 11,180 11,180
Other debtors 282,957 461,044
677,329 1,051,832

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 274,495 37,635
Taxation and social security 146,242 95,606
Other creditors 2,415,260 1,482,152
2,835,997 1,615,393

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Other creditors 844,925 2,217,391