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Registered number: 07599185
The Family Office London Limited
Financial Statements
For The Year Ended 31 March 2025
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07599185
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,400 14,241
13,400 14,241
CURRENT ASSETS
Debtors 5 27,687 -
Investments 6 1,667,194 1,590,204
Cash at bank and in hand 75,127 748,595
1,770,008 2,338,799
Creditors: Amounts Falling Due Within One Year 7 (390,442 ) (336,688 )
NET CURRENT ASSETS (LIABILITIES) 1,379,566 2,002,111
TOTAL ASSETS LESS CURRENT LIABILITIES 1,392,966 2,016,352
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 - (39,540 )
NET ASSETS 1,392,966 1,976,812
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 1,392,956 1,976,802
SHAREHOLDERS' FUNDS 1,392,966 1,976,812
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Sebastian Lyle
Director
22 September 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
The Family Office London Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07599185 . The registered office is Senator House, 85 Queen Victoria Street, London, England, EC4V 4DP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight line
Motor Vehicles 25% reducing balance
Computer Equipment 33% Straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.5. Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
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2.6. Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.7. Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 4)
3 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 5,100 20,000 15,871 40,971
Additions 2,698 - 3,209 5,907
As at 31 March 2025 7,798 20,000 19,080 46,878
Depreciation
As at 1 April 2024 1,520 12,793 12,417 26,730
Provided during the period 1,850 1,802 3,096 6,748
As at 31 March 2025 3,370 14,595 15,513 33,478
Net Book Value
As at 31 March 2025 4,428 5,405 3,567 13,400
As at 1 April 2024 3,580 7,207 3,454 14,241
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 27,687 -
27,687 -
6. Current Asset Investments
2025 2024
£ £
Listed investments 1,667,194 1,590,204
1,667,194 1,590,204
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 383,629 305,338
Other taxes and social security 204 3,301
Company Credit Card 2,804 6,225
Pension 483 470
Accruals 960 960
Director's loan account 2,362 20,394
390,442 336,688
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences (27,687) 39,540
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2024 39,540 39,540
Utilised (67,227 ) (67,227)
Balance at 31 March 2025 (27,687 ) (27,687)
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
11. Related Party Transactions
Amount owned by the director at the end of the year 2025 was £2,362. (2024 : £20,394).
12. Ultimate Controlling Party
The company was ultimately controlled throughout the current period by its director, Mr Sebastian Lyle by virtue of the fact that he owned majority of the ordinary share capital of the company.
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