LICA Wimbledon Ltd. Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08737677

LICA Wimbledon Ltd.

Filleted Unaudited Financial Statements

31 March 2025

LICA Wimbledon Ltd.

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

LICA Wimbledon Ltd.

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	–	143
Investments	6	1,933,924	3,361,151
		------------	------------
		1,933,924	3,361,294

Current assets

Debtors	7	2,154,753	1,014,945
Cash at bank and in hand		2,543	5,046
		------------	------------
		2,157,296	1,019,991

Creditors: amounts falling due within one year	8	1,300	790
		------------	------------
Net current assets		2,155,996	1,019,201
		------------	------------
Total assets less current liabilities		4,089,920	4,380,495
		------------	------------
Net assets		4,089,920	4,380,495
		------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	4,089,820	4,380,395
	------------	------------
Shareholders funds	4,089,920	4,380,495
	------------	------------

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 members have 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

LICA Wimbledon 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 December 2025 , and are signed on behalf of the board by:

Mr R M Jones
Director

Company registration number: 08737677

LICA Wimbledon 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 Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.

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 historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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.

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:

	Equipment	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: 2 ).

5. Tangible assets

	Equipment
	£
Cost
At 1 April 2024 and 31 March 2025	684
	----
Depreciation
At 1 April 2024	541
Charge for the year	143
	----
At 31 March 2025	684
	----
Carrying amount
At 31 March 2025	–
	----
At 31 March 2024	143
	----

6. Investments

	Investments	Other investments other than loans	Total
	£	£	£
Cost
At 1 April 2024	55,260	3,305,891	3,361,151
Additions	–	569,000	569,000
Disposals	–	( 1,804,859)	( 1,804,859)
Revaluations	–	( 191,368)	( 191,368)
	--------	------------	------------
At 31 March 2025	55,260	1,878,664	1,933,924
	--------	------------	------------
Impairment
At 1 April 2024 and 31 March 2025	–	–	–
	--------	------------	------------

Carrying amount
At 31 March 2025	55,260	1,878,664	1,933,924
	--------	------------	------------
At 31 March 2024	55,260	3,305,891	3,361,151
	--------	------------	------------

7. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	50,453	50,453
Other debtors	2,104,300	964,492
	------------	------------
	2,154,753	1,014,945
	------------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	1,300	790
	-------	----

9. Director's advances, credits and guarantees

At the year end the director owed the company £290,817 (2024: £329,618). During the year the director received advances of £157,658 (2024: £419,601) and made repayments of £206,970 (2024: £212,700). The company charged the director interest of £10,511 (2024: £12,540) on this balance.

10. Related party transactions

At the year end the company was owed £1,488,315 (2024: £359,927) from common directorships.