REGISTERED NUMBER: 12141753 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LONMILE PARTNERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N M Ayyaril

J N M Soares De Matos

REGISTERED OFFICE:

5 Stratford Place

London

London

W1C 1AX

REGISTERED NUMBER:

12141753 (England and Wales)

ACCOUNTANTS:

Thompson Taraz Rand Ltd

Chartered Accountants

10 Jesus Lane

Cambridge

Cambridgeshire

CB5 8BA

FIXED ASSETS

Tangible assets

5

31,369

12,546

Investments

6

75,120

149,860

106,489

162,406

CURRENT ASSETS

Debtors

7

1,106,797

924,400

Cash and cash equivalents

30,412

215,335

1,137,209

1,139,735

CREDITORS

Amounts falling due within one year

8

(779,105

)

(873,659

)

NET CURRENT ASSETS

358,104

266,076

TOTAL ASSETS LESS CURRENT LIABILITIES

464,593

428,482

CREDITORS

Amounts falling due after more than one year

9

(28,243

)

(33,673

)

NET ASSETS

436,350

394,809

CAPITAL AND RESERVES

Called up share capital

10

431,032

431,032

Retained earnings

5,318

(36,223

)

SHAREHOLDERS' FUNDS

436,350

394,809

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

N M Ayyaril - Director

J N M Soares De Matos - Director

1.	STATUTORY INFORMATION

Lonmile Partners 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Lonmile Partners Limited 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents business support services exclusive of VAT.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

at varying rates on cost

Investments in subsidiaries

Investment in subsidiaries are held at cost less impairment.

Financial instruments

Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation

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

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 4 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

18,142

Additions

28,062

At 31 December 2024

46,204

DEPRECIATION

At 1 January 2024

5,596

Charge for year

9,239

At 31 December 2024

14,835

NET BOOK VALUE

At 31 December 2024

31,369

At 31 December 2023

12,546

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

149,860

Disposals

(74,740

)

At 31 December 2024

75,120

NET BOOK VALUE

At 31 December 2024

75,120

At 31 December 2023

149,860

The disposal of £74,740 represents the repayment of a long-term intercompany loan, as such there was no gain or loss.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

24,366

7,866

Amounts owed by group undertakings

698,241

802,101

Other debtors

384,190

114,433

1,106,797

924,400

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,430

5,296

Trade creditors

11,254

38,246

Taxation and social security

11,212

368

Other creditors

751,209

829,749

779,105

873,659

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

28,243

33,673

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

431,032

Ordinary

1

431,032

431,032