LAVENDER CAPITAL LTD 31/12/2024 iXBRL

Company registration number: NI650497

LAVENDER CAPITAL LTD

Trading as LAVENDER CAPITAL LIMITED

Unaudited filleted financial statements

31 December 2024

EF McCambridge & Co

Chartered Accountants, Chartered Tax Advisors

&

Registered Auditors

6 Bayview Terrace

Derry

BT48 7EE

LAVENDER CAPITAL LTD

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

LAVENDER CAPITAL LTD

Directors and other information


	Directors
		Mr James Neeson
		Mr Connor Neeson


	Company number	NI650497


	Registered office	141/143 DONEGALL PASS
		BELFAST
		BT7 1DS


	Business address	141/143 DONEGALL PASS
		BELFAST
		BT7 1DS


	Accountants	EF McCAMBRIDGE & CO
		6 BAYVIEW TERRACE
		DERRY
		BT48 7EE




	Bankers	ULSTER BANK
		11-16 DONEGAL SQUARE EAST
		BELFAST
		BT1 5UB

LAVENDER CAPITAL LTD

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	130,259		158,172
		_______		_______
			130,259		158,172

Current assets
Stocks		1,442,706		1,044,825
Debtors	6	9,329		7,953
Cash at bank and in hand		998,487		1,986,551
		_______		_______
		2,450,522		3,039,329
Creditors: amounts falling due
within one year	7	( 1,505,301)		( 2,243,647)
		_______		_______
Net current assets			945,221		795,682
			_______		_______
Total assets less current liabilities			1,075,480		953,854

			_______		_______
Net assets			1,075,480		953,854
			_______		_______

Capital and reserves
Called up share capital			1		1
Profit and loss account			1,075,479		953,853
			_______		_______
Shareholder funds			1,075,480		953,854
			_______		_______

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.

Directors responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year 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 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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 20 September 2025 , and are signed on behalf of the board by:

Mr James Neeson

Director

Company registration number: NI650497

LAVENDER CAPITAL LTD

Statement of changes in equity

Year ended 31 December 2024

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


At 1 January 2023	1	278,766	278,767

Profit for the year		675,087	675,087
	_______	_______	_______
Total comprehensive income for the year	-	675,087	675,087

	_______	_______	_______
At 31 December 2023 and 1 January 2024	1	953,853	953,854

Profit for the year		121,626	121,626
	_______	_______	_______
Total comprehensive income for the year	-	121,626	121,626

	_______	_______	_______
At 31 December 2024	1	1,075,479	1,075,480
	_______	_______	_______

LAVENDER CAPITAL LTD

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in UK. The address of the registered office is LAVENDER CAPITAL LIMITED, 141/143 DONEGALL PASS, BELFAST, BT7 1DS.

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.

Going concern

No material uncertainties that cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

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.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

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. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2023: Nil).

5. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 January 2024 and 31 December 2024	3,560	182,525	186,085
	_______	_______	_______
Depreciation
At 1 January 2024	534	27,379	27,913
Charge for the year	534	27,379	27,913
	_______	_______	_______
At 31 December 2024	1,068	54,758	55,826
	_______	_______	_______
Carrying amount
At 31 December 2024	2,492	127,767	130,259
	_______	_______	_______
At 31 December 2023	3,026	155,146	158,172
	_______	_______	_______

6. Debtors

	2024	2023
	£	£
Other debtors	9,329	7,953
	_______	_______

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	34,715	41,331
Trade creditors	625,000	1,225,000
Corporation tax	48,813	174,049
Social security and other taxes	949	-
Other creditors	795,824	803,267
	_______	_______
	1,505,301	2,243,647
	_______	_______

8. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr James Neeson	( 636,412)	( 14,041)	( 650,453)
		_______	_______	_______

2023
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr James Neeson	( 668,510)	32,098	( 636,412)
		_______	_______	_______