Licence Store Investment Limited

Registered number

04446026

Filleted Accounts

31 May 2025

Licence Store Investment Limited
Registered number:		04446026
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Investments	3		-			17,600

Current assets
Debtors	4	26,012			110,219
Cash at bank and in hand		999			5,591
		27,011			115,810

Creditors: amounts falling due within one year	5	(162,547)			(224,050)

Net current liabilities			(135,536)			(108,240)

Net liabilities			(135,536)			(90,640)

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			(136,536)			(91,640)

Shareholder's funds			(135,536)			(90,640)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




P Fichot
Director
Approved by the board on 31 October 2025

Licence Store Investment Limited
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		-		-


3	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 June 2024				17,600
	Disposals				(17,600)

	At 31 May 2025				-


4	Debtors		2025		2024
£				£

	Trade debtors		-		31,247
	Other debtors		26,012		78,972
			26,012		110,219


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		86,308		86,752
	Director's loan account		23,105		26,299
	Other creditors		53,134		110,999
			162,547		224,050


6	Controlling party

	Mr Fichot the company director, controls the company by virtue of his 100% shareholdings.


7	Other information

	Licence Store Investment Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Brenchley House
	Brenchley Mews
	Charing
	Kent
	TN27 0JW


8	Going concern

	The accounts have been prepared on the going concern basis. The shareholders have confirmed
	that they will continue to provide finance to enable the company to meet its financial obligations
	for a period of at least one year.