REGISTERED NUMBER: 09388987 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

LNST INVESTMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M L Sugarman

L J Sugarman

REGISTERED OFFICE:

4th Floor

Charles House

108-110 Finchley Road

London

NW3 5JJ

REGISTERED NUMBER:

09388987 (England and Wales)

ACCOUNTANTS:

Numera Partners LLP

4th Floor

Charles House

108-110 Finchley Road

London

NW3 5JJ

FIXED ASSETS

Investments

4

947,409

854,567

CURRENT ASSETS

Debtors

5

5,665

-

Cash at bank and in hand

61,140

166,510

66,805

166,510

CREDITORS

Amounts falling due within one year

6

6,377

2,160

NET CURRENT ASSETS

60,428

164,350

TOTAL ASSETS LESS CURRENT LIABILITIES

1,007,837

1,018,917

CREDITORS

Amounts falling due after more than one year

7

375,871

545,871

NET ASSETS

631,966

473,046

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

318,870

224,200

Retained earnings

312,996

248,746

SHAREHOLDERS' FUNDS

631,966

473,046

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 26 November 2025 and were signed on its behalf by:

M L Sugarman - Director

1.	STATUTORY INFORMATION

The presentation currency of the financial statements is the Pound Sterling (£) and rounded to the nearest £.

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.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company, therefore continues to adopt the going concern policy in preparing its financial statements.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilites that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revisions affects both current and future periods.

Financial instruments

The company has elected to apply the provisions of section 11 'basic financial instruments' and section 12 'other financial instruments issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to contractual provisions of the instruments.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic Financial instruments

Basic financial instruments, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairments at each reporting date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in the profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are recognised only when the contractual rights to the cashflows form the asset expire of are settled, or when the company transfers the financial assets and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Hollyport

Other

Own

6 Investment

investments

shares

Totals

£

£

£

£

COST OR VALUATION

At 1 February 2024

296,127

558,440

-

854,567

Additions

-

-

8,870

8,870

Disposals

-

(10,500

)

-

(10,500

)

Revaluations

(33,311

)

127,783

-

94,472

At 31 January 2025

262,816

675,723

8,870

947,409

NET BOOK VALUE

At 31 January 2025

262,816

675,723

8,870

947,409

At 31 January 2024

296,127

558,440

-

854,567

Cost or valuation at 31 January 2025 is represented by:

Hollyport

Other

Own

6 Investment

investments

shares

Totals

£

£

£

£

Valuation in 2018

-

95,000

-

95,000

Valuation in 2019

313,314

88,077

-

401,391

Valuation in 2020

(34,591

)

(109,533

)

-

(144,124

)

Valuation in 2021

-

52,567

-

52,567

Valuation in 2022

55,382

286,777

-

342,159

Valuation in 2023

(46,069

)

(180,568

)

-

(226,637

)

Valuation in 2024

(7,686

)

17,081

-

9,395

Valuation in 2025

(33,311

)

(6,732

)

-

(40,043

)

Cost

15,777

433,054

8,870

457,701

262,816

675,723

8,870

947,409

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Other debtors

5,665

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Taxation and social security

4,217

-

Other creditors

2,160

2,160

6,377

2,160

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Other creditors

375,871

545,871

8.

RESERVES

Revaluation

reserve

£

At 1 February 2024

224,200

Revaluation

94,670

At 31 January 2025

318,870

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

£

L J Sugarman

Balance outstanding at start of year

-

(34,506

)

Amounts advanced

-

34,506

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

M L Sugarman

Balance outstanding at start of year

-

-

Amounts advanced

197,095

359,024

Amounts repaid

(197,095

)

(359,024

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

10.	RELATED PARTY DISCLOSURES

Included in creditors falling due more than one year is an amount of £375,871 owed to Bare Trust for the grandchildren of Lucille Nancy Sugarman. This balance arose as a result of financing transactions.