REGISTERED NUMBER: 03484595 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Lionvest Trading (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

W S Gumbrell

S L Loo

SECRETARY:

D Redman

REGISTERED OFFICE:

41b Beach Road

Littlehampton

West Sussex

BN17 5JA

REGISTERED NUMBER:

03484595 (England and Wales)

FIXED ASSETS

Tangible assets

4

33,090

54,369

CURRENT ASSETS

Stocks

809,281

1,332,941

Debtors

5

699,751

601,096

Investments

6

3,041

3,041

Cash at bank and in hand

278,771

123,986

1,790,844

2,061,064

CREDITORS

Amounts falling due within one year

7

(788,221

)

(1,067,817

)

NET CURRENT ASSETS

1,002,623

993,247

TOTAL ASSETS LESS CURRENT LIABILITIES

1,035,713

1,047,616

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

1,025,713

1,037,616

SHAREHOLDERS' FUNDS

1,035,713

1,047,616

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by:

W S Gumbrell - Director

1.	STATUTORY INFORMATION

Lionvest Trading (UK) Limited 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 12 (2023 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

9,567

11,066

119,729

74,884

215,246

Additions

9,567

-

-

9,756

19,323

Disposals

(9,567

)

-

(28,495

)

-

(38,062

)

At 31 December 2024

9,567

11,066

91,234

84,640

196,507

DEPRECIATION

At 1 January 2024

8,850

9,311

80,654

62,062

160,877

Charge for year

717

496

9,157

7,487

17,857

Eliminated on disposal

(9,408

)

-

(5,909

)

-

(15,317

)

At 31 December 2024

159

9,807

83,902

69,549

163,417

NET BOOK VALUE

At 31 December 2024

9,408

1,259

7,332

15,091

33,090

At 31 December 2023

717

1,755

39,075

12,822

54,369

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

449,136

382,129

Amounts owed by group undertakings

186,278

164,462

Other debtors

64,337

54,505

699,751

601,096

6.	CURRENT ASSET INVESTMENTS

31.12.24

31.12.23

£

£

Other

3,041

3,041

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

-

38,737

Trade creditors

528,090

724,410

Taxation and social security

141,128

120,400

Other creditors

119,003

184,270

788,221

1,067,817

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Finance line

-

38,737

The finance line is secured against the trade debtors.

9.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had total financial commitments of £28,000.