LV House Edit Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11503937

LV House Edit Ltd

Filleted Unaudited Financial Statements

31 March 2025

LV House Edit Ltd

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		1,504		–

Current assets

Debtors	6	1,469	1,469
Cash at bank and in hand		1,662	2,536
		-------	-------
		3,131	4,005

Creditors: amounts falling due within one year	7	16,257		18,157
		--------		--------
Net current liabilities			13,126		14,152
			--------		--------
Total assets less current liabilities			( 11,622)		( 14,152)
			--------		--------
Net liabilities			( 11,622)		( 14,152)
			--------		--------

Capital and reserves

Called up share capital	8	1	1
Profit and loss account		( 11,623)	( 14,153)
		--------	--------
Shareholder deficit		( 11,622)	( 14,152)
		--------	--------

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 income and retained earnings has not been delivered.

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.

Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

LV House Edit Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 12 November 2025 , and are signed on behalf of the board by:

L Sequeira
Director

Company registration number: 11503937

LV House Edit Ltd

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 and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AO.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the going concern basis which is based on the continued support of the company's director. The director has indicated her willingness to support the company in the foreseeable future by ensuring sufficient funds are available for the company to continue trading. The company is continuing to meet debts as they fall due and therefore the director considers the going concern basis appropriate.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity 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:

Plant and machinery	-	20% straight line
Fixtures and fittings	-	20% straight line
Equipment	-	20% straight line

Financial instruments

A financial asset or a financial liability is recognised only when the entity 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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	2,000	2,000	–	4,000
Additions	–	–	1,529	1,529
	-------	-------	-------	-------
At 31 March 2025	2,000	2,000	1,529	5,529
	-------	-------	-------	-------
Depreciation
At 1 April 2024	2,000	2,000	–	4,000
Charge for the year	–	–	25	25
	-------	-------	-------	-------
At 31 March 2025	2,000	2,000	25	4,025
	-------	-------	-------	-------
Carrying amount
At 31 March 2025	–	–	1,504	1,504
	-------	-------	-------	-------
At 31 March 2024	–	–	–	–
	-------	-------	-------	-------

6. Debtors

	2025	2024
	£	£
Trade debtors	1,469	1,469
	-------	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	1,528	1,437
Director loan accounts	14,729	16,720
	--------	--------
	16,257	18,157
	--------	--------

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	5,750	5,750
Later than 1 year and not later than 5 years	13,945	19,695
	--------	--------
	19,695	25,445
	--------	--------

10. Related party transactions

There is a balance owed to the director at the year end of £14,729 (2024: £16,720).