LAPIN INVESTMENT LTD 31/12/2024 iXBRL

Company registration number: 13205508

LAPIN INVESTMENT LTD

Unaudited financial statements

31 December 2024

LAPIN INVESTMENT LTD

Contents

Directors and other information

Directors report

Statement of comprehensive income

Statement of financial position

Statement of changes in equity

Notes to the financial statements

LAPIN INVESTMENT LTD

Directors and other information


Directors	Jennifer Kate Holgate	(Appointed 21 May 2024)
	Ilkka Johannes Niiranen	(Appointed 17 June 2024)
	Michael James Reynolds	(Appointed 21 May 2024)
	Matthew John Edgar	(Resigned 21 May 2024)
	Andrew Horsley Clifford Hartley	(Resigned 21 May 2024)
	Christopher Brian Waples	(Resigned 21 May 2024)


Company number	13205508


Registered office	1 Bartholomew Lane
	London
	EC2N 2AX

LAPIN INVESTMENT LTD

Directors report

Period ended 31 December 2024

The directors present their report and the unaudited financial statements of the company for the period ended 31 December 2024.

Directors

The directors who served the company during the period were as follows:


Jennifer Kate Holgate				(Appointed 21 May 2024)
Ilkka Johannes Niiranen				(Appointed 17 June 2024)
Michael James Reynolds				(Appointed 21 May 2024)
Matthew John Edgar				(Resigned 21 May 2024)
Andrew Horsley Clifford Hartley				(Resigned 21 May 2024)
Christopher Brian Waples				(Resigned 21 May 2024)

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 29 September 2025 and signed on behalf of the board by:

Jennifer Kate Holgate

Director

LAPIN INVESTMENT LTD

Statement of comprehensive income

Period ended 31 December 2024

		Period	Period
		ended	ended
		31/12/24	31/03/24
	Note	£	£


Turnover		133,336	198,227
Other operating expenses		( 252,476)	( 580,784)
		_______	_______
Operating loss		( 119,140)	( 382,557)

Other interest receivable and similar income		1,393,373	631,954
Interest payable and similar expenses		( 2,032,587)	( 1,464,410)
		_______	_______
Loss before taxation		( 758,354)	( 1,215,013)

Tax on loss		-	303,279
		_______	_______
Loss for the financial period and total comprehensive income		( 758,354)	( 911,734)
		_______	_______

All the activities of the company are from continuing operations.

LAPIN INVESTMENT LTD

Statement of financial position

31 December 2024

		31/12/24		31/03/24
	Note	£	£	£	£

Fixed assets
Investments	4	31,047,305		26,468,591
		_______		_______
			31,047,305		26,468,591

Current assets
Debtors	5	20,384,937		440,112
Cash at bank and in hand		106,851		226,792
		_______		_______
		20,491,788		666,904
Creditors: amounts falling due
within one year	6	( 362,189)		( 1,622,289)
		_______		_______
Net current assets/(liabilities)			20,129,599		( 955,385)
			_______		_______
Total assets less current liabilities			51,176,904		25,513,206

Creditors: amounts falling due
after more than one year	7		( 48,397,100)		( 21,744,235)
			_______		_______
Net assets			2,779,804		3,768,971
			_______		_______

Capital and reserves
Called up share capital			5,058,680		5,058,680
Profit and loss account			( 2,278,876)		( 1,289,709)
			_______		_______
Shareholders funds			2,779,804		3,768,971
			_______		_______

For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

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

These financial statements have been prepared 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'.

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

Jennifer Kate Holgate

Director

Company registration number: 13205508

LAPIN INVESTMENT LTD

Statement of changes in equity

Period ended 31 December 2024

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2023	5,058,680	( 377,975)	4,680,705

Loss for the period		( 911,734)	( 911,734)
	_______	_______	_______
Total comprehensive income for the period	-	( 911,734)	( 911,734)

	_______	_______	_______
At 31 March 2024 and 1 April 2024	5,058,680	(1,520,522)	3,538,158

Loss for the period		( 758,354)	( 758,354)
	_______	_______	_______
Total comprehensive income for the period	-	( 758,354)	( 758,354)

	_______	_______	_______
At 31 December 2024	5,058,680	( 2,278,876)	2,779,804
	_______	_______	_______

LAPIN INVESTMENT LTD

Notes to the financial statements

Period ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in . The address of the registered office is 1 Bartholomew Lane, London, EC2N 2AX.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

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. 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 are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Investments

	Other investments other than loans	Total
	£	£
Cost
At 1 April 2024	-	-
Additions	31,047,305	31,047,305
	_______	_______
At 31 December 2024	31,047,305	31,047,305
	_______	_______
Other Movements	7,282,120	12,306,189
	-	-
	_______	_______

At 31 December 2024	16,880,871	26,468,591
	_______	_______
At 31 March 2024	9,598,751	14,162,402
	_______	_______

5. Debtors

	31/12/24	31/03/24
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	19,671,066	-
Other debtors	713,871	440,112
	_______	_______
	20,384,937	440,112
	_______	_______

6. Creditors: amounts falling due within one year

	31/12/24	31/03/24
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	237,658	1,592,289
Other creditors	124,531	30,000
	_______	_______
	362,189	1,622,289
	_______	_______

7. Creditors: amounts falling due after more than one year

	31/12/24	31/03/24
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	48,397,100	21,744,235
	_______	_______