REGISTERED NUMBER: 11869769 (England and Wales)

LGP GROUP LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Leone

G Leone

REGISTERED OFFICE:

5 Antrim Road

Bristol

BS9 4BS

REGISTERED NUMBER:

11869769 (England and Wales)

ACCOUNTANTS:

Green & Co

Chartered Certified Accountants

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

CURRENT ASSETS

Debtors

4

52,184

30,250

Investments

5

202

202

Cash at bank

377

2,166

52,763

32,618

CREDITORS

Amounts falling due within one year

6

17,698

31,733

NET CURRENT ASSETS

35,065

885

TOTAL ASSETS LESS CURRENT LIABILITIES

35,065

885

CAPITAL AND RESERVES

Called up share capital

7

402

402

Retained earnings

34,663

483

SHAREHOLDERS' FUNDS

35,065

885

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.

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th July 2025 and were signed on its behalf by:

G Leone - Director

1.	STATUTORY INFORMATION

LGP Group 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.

Turnover

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

LGP Assets Ltd

30,250

30,250

LGP Management Ltd

16,484

-

Prepayments and accrued income

5,450

-

52,184

30,250

5.	CURRENT ASSET INVESTMENTS

2024

2023

£

£

Shares in group undertakings

202

202

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

4,405

9,099

Corporation Tax

5,343

-

Social security and other taxes

90

239

Other creditors

2,006

1,915

LGP Management Ltd

-

18,316

Directors' current accounts

3,600

-

Accruals and deferred income

2,254

2,164

17,698

31,733

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

200

Ordinary A

£1

200

200

190

Ordinary B

£1

190

190

10

Ordinary C

£1

10

10

402

402

8.	RELATED PARTY DISCLOSURES

The company had the following outstanding directors loans at the year end:

- Mr G Leone was owed £1,800 (2023 - £Nil)

- Mrs G Leone was owed £1,800 (2023 - £Nil)