REGISTERED NUMBER: 14987828 (England and Wales)

LEXINGTON CORPORATE FINANCE LIMITED

Unaudited Financial Statements

FOR THE PERIOD

7 July 2023 to 31 July 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J S French

G R Jones

REGISTERED OFFICE:

110 Cannon Street

London

EC4N 6EU

REGISTERED NUMBER:

14987828 (England and Wales)

ACCOUNTANTS:

MHA (trading name of MHA Advisory Ltd)

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Investments

4

1,875,000

CURRENT ASSETS

Debtors

5

7,297

Cash at bank

991

8,288

CREDITORS

Amounts falling due within one year

6

(648,106

)

NET CURRENT LIABILITIES

(639,818

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,235,182

CAPITAL AND RESERVES

Called up share capital

7

1,251,389

Share premium

556

Retained earnings

(16,763

)

SHAREHOLDERS' FUNDS

1,235,182

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2024 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

G R Jones - Director

1.	STATUTORY INFORMATION

Lexington Corporate Finance Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

There have been no material departures from Financial Reporting Standard 102 1A.

Preparation of consolidated financial statements

The financial statements contain information about Lexington Corporate Finance Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, FRP Advisory Group Plc, 110 Cannon Street, London, England, EC4N 6EU.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Basic financial instruments

Basic financial instruments are recognised at amoritised cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

3,771,190

Impairments

(1,896,190

)

At 31 July 2024

1,875,000

NET BOOK VALUE

At 31 July 2024

1,875,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

7,297

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to group undertakings

645,247

Corporation tax

1,060

Accruals and deferred income

1,799

648,106

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1,156,250

Ordinary

£1

1,156,250

93,750

A Ordinary

£1

93,750

138,888

B Ordinary

£0.01

1,389

1,251,389

1,156,250 ordinary shares, 93,750 A ordinary shares and 425,000 redeemable preference shares were issued in exchange for shares in a subsidiary.

Preference shares were redeemed at par during the period.

138,888 B ordinary shares of £0.01 each were allotted at a premium of £0.004 per share during the period.

8.	ULTIMATE CONTROLLING PARTY

From 18 July 2024, the ultimate parent company was FRP Advisory Group Plc.