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London Merchant Bank Limited
Filleted accounts
31 March 2025
Company registration number: 03837036
London Merchant Bank Limited
Directors and other information
Directors G M El-Kassir
S M Antonis
Secretary R E El Kassir
Company number 03837036
Registered office 7200 The Quorum
Oxford Business Park North
Oxford
OX4 2JZ
Auditor Cox Hinkins Audit Services Limited
The Old Dairy
12 Stephen Road
Headington
Oxford
OX3 9AY
London Merchant Bank Limited
Directors responsibilities statement
Year ended 31st March 2025
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
London Merchant Bank Limited
Balance sheet
31st March 2025
2025 2024
Note £ £ £ £
Current assets
Debtors 5 550,617 318,917
Cash at bank and in hand 67 38,713
_______ _______
550,684 357,630
Creditors: amounts falling due
within one year 6 ( 200,603) ( 28,938)
_______ _______
Net current assets 350,081 328,692
_______ _______
Net assets 350,081 328,692
_______ _______
Capital and reserves
Called up share capital 7 250,001 250,001
Profit and loss account 100,080 78,691
_______ _______
Shareholders funds 350,081 328,692
_______ _______
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 Profit & loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:
G M El-Kassir
Director
Company registration number: 03837036
London Merchant Bank Limited
Notes to the financial statements
Year ended 31st March 2025
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 7200 The Quorum, Oxford Business Park North, Oxford, OX4 2JZ. There was no significant change in the company's principal activity during the year which continued to be the provision of investment advice, predominately in connection with UK residential real estate.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The principal accounting policies are set out below. The financial statements are prepared in sterling which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. 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 capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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 not recognised in respect of any timing differences at the reporting date as all are insignificant.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties. Financial assets that are measured at cost and amortised and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2024: Nil).
5. Debtors
2025 2024
£ £
Trade debtors 390,550 286,110
Amounts owed by group undertakings and undertakings in which the company has a participating interest 71,560 10,460
Other debtors 88,507 22,347
_______ _______
550,617 318,917
_______ _______
6. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 128,718 27,283
Other creditors 71,885 1,655
_______ _______
200,603 28,938
_______ _______
7. Called up share capital
Issued, called up and fully paid
2025 2024
No £ No £
Ordinary shares of £ 1.00 each 250,001 250,001 250,001 250,001
_______ _______ _______ _______
8. Summary audit opinion
The auditor's report dated 23 December 2025 was unqualified.
The senior statutory auditor was Rodney Mark Morgan for and on behalf of Cox Hinkins Audit Services Limited
9. Controlling party
The company is under the control of GRE Capital Ltd, a company incorporated in England & Wales, which owns 100% of the issued share capital. GRE Capital Ltd prepares consolidated financial statements for the group.