REGISTERED NUMBER: 13116746 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

IMOGEN LUCIE LTD

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

I L Harris

A H C Tutcher

REGISTERED OFFICE:

11 Laura Place

Bath

BA2 4BL

REGISTERED NUMBER:

13116746 (England and Wales)

ACCOUNTANTS:

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

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 Imogen Lucie Ltd for the year ended 31 January 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Imogen Lucie Ltd, 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 Imogen Lucie Ltd and state those matters that we have agreed to state to the Board of Directors of Imogen Lucie Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Imogen Lucie Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Imogen Lucie Ltd 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 profit of Imogen Lucie Ltd. You consider that Imogen Lucie Ltd 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 Imogen Lucie Ltd. 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.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

30 October 2025

FIXED ASSETS

Tangible assets

4

159,252

49,130

Investments

5

592,377

530,514

751,629

579,644

CURRENT ASSETS

Debtors

6

973,736

254,113

Cash at bank and in hand

693,175

912,643

1,666,911

1,166,756

CREDITORS

Amounts falling due within one year

7

300,367

268,342

NET CURRENT ASSETS

1,366,544

898,414

TOTAL ASSETS LESS CURRENT LIABILITIES

2,118,173

1,478,058

PROVISIONS FOR LIABILITIES

8

57,517

19,715

NET ASSETS

2,060,656

1,458,343

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

2,060,654

1,458,341

SHAREHOLDERS' FUNDS

2,060,656

1,458,343

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

I L Harris - Director

1.	STATUTORY INFORMATION

Imogen Lucie Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when services are supplied.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Office Equipment

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

Contributions payable to pension schemes are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Investment

Investments in shares and other similar financial assets held for investment are held at fair value, with gains and losses taken to the profit and loss.

Critical accounting estimates and judgements

No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Office

Motor

Computer

Equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2024

11,874

71,940

7,167

90,981

Additions

2,890

159,983

-

162,873

Disposals

-

(71,940

)

-

(71,940

)

At 31 January 2025

14,764

159,983

7,167

181,914

DEPRECIATION

At 1 February 2024

5,870

31,474

4,507

41,851

Charge for year

3,691

6,666

1,928

12,285

Eliminated on disposal

-

(31,474

)

-

(31,474

)

At 31 January 2025

9,561

6,666

6,435

22,662

NET BOOK VALUE

At 31 January 2025

5,203

153,317

732

159,252

At 31 January 2024

6,004

40,466

2,660

49,130

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 February 2024

530,514

Additions

364,622

Disposals

(356,220

)

Revaluations

53,461

At 31 January 2025

592,377

NET BOOK VALUE

At 31 January 2025

592,377

At 31 January 2024

530,514

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

61,956

44,682

Other debtors

911,780

209,431

973,736

254,113

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,824

-

Taxation and social security

294,832

266,071

Other creditors

3,711

2,271

300,367

268,342

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

57,517

19,715

Deferred

tax

£

Balance at 1 February 2024

19,715

Accelerated capital allowances

27,531

Revaluation

10,271

Balance at 31 January 2025

57,517

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

A Ordinary

£1

1

1

1

B Ordinary

£1

1

1

2

2

The A Ordinary shares have full voting rights.

The B Ordinary shares hold no voting rights.

The A Ordinary and B Ordinary shares have differing rights to dividend payments depending on resolutions made at directors meetings.

The A Ordinary share holders are entitled pari passu to participate in a distribution arising from a winding up the company.

The B Ordinary share holders are not entitled to payments in the event of winding up other than the nominal amount paid up or credited as paid up on such shares

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, a director owed the company £839,554 (2024: £117,102). During the year £930,331 (2024: £232,843) was advanced and £207,879 (2024: £165.939) was repaid. Interest has been charged at 2.25%.