ACCOUNTS - Final Accounts preparation

Company registration number: 15157666

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	LAMORNA INVESTMENTS LTD


LAMORNA INVESTMENTS LTD

COMPANY INFORMATION

Directors	C Antonian
	E Antonian
	H Antonian
	L M Antonian
	M L Antonian


Registered number	15157666


Registered office	2nd Floor Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ


Accountants	Menzies LLP
	Chartered Accountants
	Magna House
	18-32 London Road
	Staines-Upon-Thames
	TW18 4BP


LAMORNA INVESTMENTS LTD

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 5


LAMORNA INVESTMENTS LTD REGISTERED NUMBER:15157666

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		As restated
	2025	2024
Note	£	£

Fixed assets
Fixed Asset Investments	4		10,985,321		10,372,254
			10,985,321		10,372,254
Current assets
Debtors: Amounts falling due within one year	5	542		514
Cash at bank and in hand		33,647		3,728
		34,189		4,242
Creditors: Amounts falling due within one year	6	(11,197,000)		(10,317,889)
Net current liabilities			(11,162,811)		(10,313,647)
Total assets less current liabilities			(177,490)		58,607

Net (liabilities)/assets			(177,490)		58,607

Capital and reserves
Called up share capital	300	300
Profit and loss account	(177,790)	58,307
	(177,490)	58,607

Page 1


LAMORNA INVESTMENTS LTD REGISTERED NUMBER:15157666

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

L M Antonian

Director

Date: 12 December 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2


LAMORNA INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Lamorna Investments Ltd is a private company, limited by shares, incorporated in England and Wales. The company's registered number and registered office can be found on the company information page. The company has no principal place of business.
The company's prior year financial statements were representative of a period shorter than one year due to the company being incorporated on 23 September 2023. Therefore the comparative figures are not entirely comparable to those of the current financial year.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

At the balance sheet date the company had a deficit of net liabilities of £177,490 (2024: net assets of £58,607). The company has the ongoing support from the shareholders which enables the company to meet creditors as they fall due and expects this to be the case for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

2.6

Valuation of investments

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 3


LAMORNA INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.7

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Employees

The average number of monthly employees, including directors, was 5 (2024 - 5).

4.	Fixed asset investments

		Listed investments
		£
	Cost or valuation
	At 1 April 2024 (as previously stated)	10,375,982
	Prior Year Adjustment	(3,728)
	At 1 April 2024 (as restated)	10,372,254
	Additions	13,891,198
	Disposals	(13,605,801)
	Revaluations	327,670
	At 31 March 2025	10,985,321

Listed investments are recognised at market value as at 31 March 2025. Changes in market value are reflected in the Statement of Income and Retained Earnings as gains from changes in fair value of fixed asset investments

Debtors

					2025	2024
					£	£


Prepayments and accrued income	542	514
	542	514

Page 4


LAMORNA INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Corporation tax	-	19,475
Other creditors	10,376,220	10,281,279
Accruals and deferred income	820,780	17,135
	11,197,000	10,317,889

7.	Prior year adjustment

A prior year adjustment has been made to reclassify current account balances previously included within fixed asset investments. The resulting impact of this adjustment is that fixed asset investments have decreased by £3,728 and cash at bank and in hand has increased by £3,728. There was no impact to Profit and Loss or Retained Earnings.

Page 5