REGISTERED NUMBER: 09405589 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

LEONG & CHEE LIMITED

T/A

LC VENTURE

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Chee

REGISTERED OFFICE:

71-75 Shelton Street

Covent Garden

London

WC2H 9JQ

REGISTERED NUMBER:

09405589 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

698

Investments

5

1,338

1,338

1,338

2,036

CURRENT ASSETS

Debtors

15,031

255

Cash at bank

2,454

11,071

17,485

11,326

CREDITORS

Amounts falling due within one year

103,849

46,101

NET CURRENT LIABILITIES

(86,364

)

(34,775

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(85,026

)

(32,739

)

CREDITORS

Amounts falling due after more than one year

3,920

10,640

NET LIABILITIES

(88,946

)

(43,379

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(88,956

)

(43,389

)

SHAREHOLDERS' FUNDS

(88,946

)

(43,379

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2025 and were signed by:

G Chee - Director

1.	STATUTORY INFORMATION

Leong & Chee 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the prior year.

Turnover

Turnover comprises the value of sales (net of value added tax) of services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Patents and licences

Patents and licences that are acquired are recognised at cost and are subsequently carried at cost less accumulated amortisation and accumulated impairment losses. These costs are amortised to profit or loss using the straight line method over ten years.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Fixed asset investments

Fixed asset investments are acquired and recognised at cost and are subsequently carried at cost less accumulated impairment losses.

Management note

The company operates as part of an international group providing cross-border advisory, consulting, and management services, including educational, family-office, and strategic business support to private clients and partner organisations across the UK, China, Hong Kong, Europe, the United States, Singapore and Malaysia. The year reflects a period of restructuring and strategic realignment within the group, resulting in changes to intercompany management structures and income flows, rather than any decline in underlying operations

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

and 31 January 2025

6,973

AMORTISATION

At 1 February 2024

6,275

Amortisation for year

698

At 31 January 2025

6,973

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

698

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 February 2024

and 31 January 2025

1,338

NET BOOK VALUE

At 31 January 2025

1,338

At 31 January 2024

1,338

6.	CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.