REGISTERED NUMBER: 09745730 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

LONDON STANDARD LIMITED

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

Directors:

G H T Roberts

N A Treguer

Registered office:

24-28 Toynbee Street

London

E1 7NE

Registered number:

09745730 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of London Standard Limited for the year ended 30 September 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of London Standard Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of London Standard Limited and state those matters that we have agreed to state to the Board of Directors of London Standard Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that London Standard Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of London Standard Limited. You consider that London Standard Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of London Standard Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

30 September 2025

Fixed assets

Investments

4

532

532

Current assets

Debtors

5

580,583

321,289

Cash at bank and in hand

2,123

1,074

582,706

322,363

Creditors

Amounts falling due within one year

6

581,793

297,105

Net current assets

913

25,258

Total assets less current liabilities

1,445

25,790

Creditors

Amounts falling due after more than one year

7

29,630

34,641

Net liabilities

(28,185

)

(8,851

)

Capital and reserves

Called up share capital

8

1,000

1,000

Retained earnings

9

(29,185

)

(9,851

)

Shareholders' funds

(28,185

)

(8,851

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 30 September 2025 and were signed on its behalf by:

N A Treguer - Director

1.	Statutory information

London Standard 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.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared on a going concern basis, under the historical cost convention, as modified by the recognition of certain financial assets and liabilities measured at fair value.

Going Concern

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information in making their assessment and are of the opinion that the company will continue to be able to meet its financial commitments for a period of at least 12 months from the date of approval of these financial statements, based on the continuing support of the Directors and connected companies.

Key source of estimation, uncertainty and judgement

In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimated and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting

estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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.

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.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 October 2023

and 30 September 2024

532

Net book value

At 30 September 2024

532

At 30 September 2023

532

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Amounts owed by associates

580,453

319,949

Other debtors

130

1,340

580,583

321,289

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

5,556

6,100

Amounts owed to associates

523,425

25,100

Other creditors

52,812

265,905

581,793

297,105

7.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans

29,630

34,641

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

7,407

-

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

9,999

Ordinary

£0.10

1,000

1,000

9.

Reserves

Retained

earnings

£

At 1 October 2023

(9,851

)

Deficit for the year

(19,334

)

At 30 September 2024

(29,185

)

10.	Related party disclosures

As at the year end, the company owed £50,000 (2023: £263,091) to the directors, which is repayable upon demand. Included within this balance is loan interest charged at an approximate annual rate of 6.5%.

During the year, the company entered into routine transaction with companies under common control. These transactions comprised of loan advances / repayments. No interest was charged on these loans.

As at the year end, total aggregate monies owed to the company, by companies under common control, was £57,028 (2023: £294,849). This balance comprises of both amounts receivable and payable, as presented accordingly within the Balance Sheet.