Lauriston Investments Limited 31/03/2025 iXBRL

Company registration number: 07133212

Lauriston Investments Limited

Unaudited filleted financial statements

31 March 2025

Lauriston Investments Limited

Contents

Statement of financial position

Notes to the financial statements

Lauriston Investments Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Investments	5	8,643,667		8,755,398
		_______		_______
			8,643,667		8,755,398

Current assets
Debtors	6	56		56
Cash at bank and in hand		719,690		450,198
		_______		_______
		719,746		450,254
Creditors: amounts falling due
within one year	7	( 316,962)		( 347,819)
		_______		_______
Net current assets			402,784		102,435
			_______		_______
Total assets less current liabilities			9,046,451		8,857,833


Provisions for liabilities	8		( 452,941)		( 457,423)

			_______		_______
Net assets			8,593,510		8,400,410
			_______		_______

Capital and reserves
Called up share capital			2		2
Fair value reserve			1,358,644		657,645
Profit and loss account			7,234,864		7,742,763
			_______		_______
Shareholders funds			8,593,510		8,400,410
			_______		_______

For the year ending 31 March 2025 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 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 21 October 2025 , and are signed on behalf of the board by:

T A McCurley

Director

Company registration number: 07133212

Lauriston Investments Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is 2nd Floor, 32-33 Gosfield St, Fitzrovia, London, W1W 6HL.

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.

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

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 Nil (2024: Nil).

The company had no employees other than the directors.

5. Investments

	Loans to group undertakings and participating interests	Other investments other than loans	Total
	£	£	£
Cost
At 1 April 2024	248,670	8,506,728	8,755,398
Additions	1,195	691,989	693,184
Disposals	-	( 786,988)	( 786,988)
Fair value adjustment	-	(17,927)	(17,927)
	_______	_______	_______
At 31 March 2025	249,865	8,393,802	8,643,667
	_______	_______	_______
Impairment
At 1 April 2024 and 31 March 2025	-	-	-
	_______	_______	_______
Carrying amount
At 31 March 2025	249,865	8,393,802	8,643,667
	_______	_______	_______
At 31 March 2024	248,670	8,506,728	8,755,398
	_______	_______	_______

Listed investments are measured at fair value and changes are recognised in the profit & loss account.

Investments held at valuation

In respect of investments held at valuation, the comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Other loans	Total
	£	£
At 31 March 2025
Aggregate cost	6,588,945	6,588,945
Aggregate depreciation	-	-
	_______	_______
Carrying amount	6,588,945	6,588,945
	_______	_______

At 31 March 2024
Aggregate cost	6,683,945	6,683,945
Aggregate depreciation	-	-
	_______	_______
Carrying amount	6,683,945	6,683,945
	_______	_______

6. Debtors

	2025	2024
	£	£
Other debtors	56	56
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	37,568	68,425
Other creditors	279,394	279,394
	_______	_______
	316,962	347,819
	_______	_______

8. Provisions

	Deferred tax (note 9)	Total
	£	£
At 1 April 2024	457,423	457,423
Charges against provisions	( 4,482)	( 4,482)
	_______	_______
At 31 March 2025	452,941	452,941
	_______	_______

9. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 8)	452,941	457,423
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Fair value adjustment of financial assets	455,777	457,423
	_______	_______

10. Related party transactions

Associated company

- -

The company has made a loan to an associated company on which interest is charged at 0.5% per annum

11. Controlling party

The company was controlled by the directors throughout the year.