COMPANY REGISTRATION NUMBER:
03899241
|
London & European Mercantile Limited |
|
|
Filleted Unaudited Accounts |
|
|
London & European Mercantile Limited |
|
|
Statement of Financial Position |
|
31 December 2024
Current assets
|
Debtors |
5 |
231,891 |
|
231,891 |
|
Cash at bank and in hand |
9,987 |
|
10,012 |
|
--------- |
|
--------- |
|
241,878 |
|
241,903 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
(
537,462) |
|
(
537,466) |
|
--------- |
|
--------- |
|
Net current liabilities |
|
(
295,584) |
(
295,563) |
|
|
--------- |
--------- |
|
Total assets less current liabilities |
|
(
295,584) |
(
295,563) |
|
|
--------- |
--------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
2 |
2 |
|
Profit and loss account |
|
(
295,586) |
(
295,565) |
|
|
--------- |
--------- |
|
Shareholders deficit |
|
(
295,584) |
(
295,563) |
|
|
--------- |
--------- |
|
|
|
|
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
;
-
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 were approved by the
board of directors
and authorised for issue on
28 September 2025
, and are signed on behalf of the board by:
Company registration number:
03899241
|
London & European Mercantile Limited |
|
Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 31 Woodham Road, Woking, GU21 4EN, England.
2.
Statement of compliance
These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future, from funds and support of the parent undertaking which will not be called for repayment until the company is in a position to do so. For this reason the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. The estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the preparation of these financial statement, there were no significant estimates or judgements made which would have a material impact on the financial results.
Tangible assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Equipment |
- |
3 years straight line
|
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4.
Tangible assets
|
Equipment |
|
£ |
|
Cost |
|
|
At 1 January 2024 and 31 December 2024 |
1,937 |
|
------- |
|
Depreciation |
|
|
At 1 January 2024 and 31 December 2024 |
1,937 |
|
------- |
|
Carrying amount |
|
|
At 31 December 2024 |
– |
|
------- |
|
At 31 December 2023 |
– |
|
------- |
|
|
5.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Amounts owed by group undertakings |
231,891 |
231,891 |
|
--------- |
--------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Amounts owed to group undertakings |
532,535 |
532,536 |
|
Social security and other taxes |
– |
3 |
|
Other creditors |
4,927 |
4,927 |
|
--------- |
--------- |
|
537,462 |
537,466 |
|
--------- |
--------- |
|
|
|
7.
Controlling party
The immediate and ultimate parent company is
L. & S. Building Services Limited
, a company incorporated in England and Wales. Its registered office and principal place of business place is: 31 Woodham Road, Woking, GU21 4EN, England