Company Registration No. 09439098 (England and Wales)
LXE Investments Ltd
Unaudited accounts
for the year ended 28 February 2025
LXE Investments Ltd
Unaudited accounts
Contents
LXE Investments Ltd
Company Information
for the year ended 28 February 2025
Company Number
09439098 (England and Wales)
Registered Office
21a-21b Swains Lane
London
N6 6QX
England
LXE Investments Ltd
Statement of financial position
as at 28 February 2025
Tangible assets
1,800
1,100
Investment property
3,990,000
3,990,000
Cash at bank and in hand
132,095
116,500
Creditors: amounts falling due within one year
(350,835)
(325,518)
Net current liabilities
(132,290)
(158,752)
Total assets less current liabilities
3,859,510
3,832,348
Creditors: amounts falling due after more than one year
(3,740,467)
(3,627,309)
Provisions for liabilities
Deferred tax
(41,407)
(41,407)
Called up share capital
1
1
Fair value reserve
148,721
148,721
Profit and loss account
(71,086)
14,910
Shareholders' funds
77,636
163,632
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 November 2025 and were signed on its behalf by
Alexis Stavrou
Director
Company Registration No. 09439098
LXE Investments Ltd
Notes to the Accounts
for the year ended 28 February 2025
LXE Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 09439098. The registered office is 21a-21b Swains Lane, London, N6 6QX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
over three years
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
LXE Investments Ltd
Notes to the Accounts
for the year ended 28 February 2025
4
Tangible fixed assets
Computer equipment
Fair value at 1 March 2024
3,990,000
At 28 February 2025
3,990,000
The fair value of the properties at February 2024 has been arrived at on the basis of a valuation carried out in June 2023 by Jon Christopher Surveyor a professionally qualified valuer.
The valuation was arrived at by reference to market evidence of transaction prices for similar properties in its location and the rental market in the area where the properties are situated.
The historic cost of the investment properties were £3,607,752 (2023: £3,607,752) and the aggregate depreciation thereon would have been £74,000 (2023: £63,000).
The company has allowed a floating charge over the company’s investment properties with a carrying amount of £3,990,000, as security for the bank loan.
Amounts falling due within one year
Other debtors
85,000
49,000
LXE Investments Ltd
Notes to the Accounts
for the year ended 28 February 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
17,850
5,882
Other creditors
282,565
289,066
Deferred income
29,367
6,667
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
2,812,031
2,630,881
Loans from directors
928,436
996,428
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).