ACCOUNTS - Final Accounts

Registered number: 10819252

LQAL UK LIMITED

UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

LQAL UK LIMITED

Company Information

Directors	M Bornitz
	E Hooper


Registered number	10819252


Registered office	Bromley Old Town Hall
	30 Tweedy Road
	London Borough of Bromley
	BR1 3FE

LQAL UK LIMITED

Registered number: 10819252

Balance sheet

As at 31 December 2024

		2024		2023
Note		£		£

Fixed assets
Investments	4		17,769,973		17,769,973
			17,769,973		17,769,973
Current assets
Debtors: amounts falling due within one year	5	2,887,205		2,887,205
		2,887,205		2,887,205
Total assets less current liabilities			20,657,178		20,657,178

Net assets			20,657,178		20,657,178

Capital and reserves
Called up share capital	6	1	1
Other reserves	7	21,455,619	21,455,619
Profit and loss account	7	(798,442)	(798,442)
		20,657,178	20,657,178

For the year ended 31 December 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 September 2025.

E Hooper

Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

LQAL UK LIMITED

Notes to the financial statements

For the Year Ended 31 December 2024

1.	General information

LQAL UK Limited is a private company limited by shares and is registered and incorporated in England and Wales. The registered office is Bromley Old Town Hall, 30 Tweedy Road, London Borough of Bromley, BR1 3FE.
The company's principal activity is that of a holding company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

2.2

Going concern

The directors are satisfied that any funding required will be available to the company on terms between group entities which ensure that they can individually continue to meet their debts as they fall due for the foreseeable future.

2.3

Fixed asset investments

Investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the Profit and Loss account.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain the benefits from its activities.

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

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LQAL UK LIMITED

Notes to the financial statements

For the Year Ended 31 December 2024

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2024	17,769,973
	At 31 December 2024	17,769,973

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	2,887,205	2,887,205
	2,887,205	2,887,205

6.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

1 (2023 - 1) Ordinary share of £1.00	1	1

Reserves

Other reserves

Amounts included within other reserves represent capital contributions received by the company from its immediate parent company.

8.Other financial commitments

During the year the Company has provided security for a loan advanced to a group company by way of a fixed and floating charge over the assets of the Company.

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