Lima Fitzrovia Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 09103067

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		119,995		129,048

			119,995		129,048
CURRENT ASSETS
Stocks	5	10,316		11,226
Debtors	6	226,276		232,798
Cash at bank and in hand		198,145		240

		434,737		244,264
Creditors: Amounts Falling Due Within One Year	7	(562,633 )		(402,997 )

NET CURRENT ASSETS (LIABILITIES)			(127,896 )		(158,733 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(7,901 )		(29,685 )

Creditors: Amounts Falling Due After More Than One Year	8		(45,177 )		(78,337 )

NET LIABILITIES			(53,078 )		(108,022 )

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			(53,079 )		(108,023 )

SHAREHOLDERS' FUNDS			(53,078)		(108,022)

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Lima Fitzrovia Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Gabriel Gonzalez Flores

Director

30/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Lima Fitzrovia Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09103067 . The registered office is 31 Rathbone Place, London, W1T 1JH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	5% SLM
Plant & Machinery	20% SLM
Computer Equipment	20% SLM

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 18 (2023: 20)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	135,135	8,301	3,175	146,611

As at 31 December 2024	135,135	8,301	3,175	146,611

Depreciation
As at 1 January 2024	13,513	2,780	1,270	17,563
Provided during the period	6,757	1,661	635	9,053

As at 31 December 2024	20,270	4,441	1,905	26,616

...CONTINUED

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Lima Fitzrovia Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	114,865	3,860	1,270	119,995

As at 1 January 2024	121,622	5,521	1,905	129,048

5. Stocks

	2024	2023
	£	£
Stock	10,316	11,226

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	7,285	(4,198 )
Prepayments and accrued income	4,840	4,558
Other debtors	34,500	34,500
Pension scheme prepayments	(349 )	(807 )

	46,276	34,053
Due after more than one year
Amounts owed by group undertakings	180,000	198,745

	226,276	232,798

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	98,866	127,986
Other taxes and social security	32,997	35,593
VAT	122,315	140,576
Net wages	15,012	16,417
Other creditors	57,231	933
Other creditors (1)	13,862	27,476
Accruals and deferred income	55,532	43,622
Directors' loan accounts	933	-
Amounts owed to group undertakings	165,885	10,394

	562,633	402,997

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	45,177	78,337

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

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