LAUNCHMERE LIMITED 31/03/2025 iXBRL

Company registration number: 02304051

LAUNCHMERE LIMITED

Unaudited filleted financial statements

31 March 2025

Pearlman Rose

Chartered Accountants

Suite 1, First Floor

Jack Dash House

2 Lawn House Close

London, E14 9YQ

LAUNCHMERE LIMITED

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

LAUNCHMERE LIMITED

Directors and other information


	Directors
		Mr A D S Peto


	Secretary	S R Peto


	Company number	02304051


	Registered office	C/O Pearlman Rose
		Jack Dash House
		2 Lawn House Close
		London
		E14 9YQ


	Accountants	Pearlman Rose
		Chartered Accountants
		Suite 1, First Floor
		Jack Dash House
		2 Lawn House Close
		London
		E14 9YQ




	Bankers	NatWest Bank
		2 Greenwich Church Street
		London
		SE10 9BQ

LAUNCHMERE LIMITED

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	168,008		172,412
		_______		_______
			168,008		172,412

Current assets
Debtors	6	12,172		7,673
Cash at bank and in hand		12,823		13,855
		_______		_______
		24,995		21,528
Creditors: amounts falling due
within one year	7	( 8,881)		( 16,201)
		_______		_______
Net current assets			16,114		5,327
			_______		_______
Total assets less current liabilities			184,122		177,739

			_______		_______
Net assets			184,122		177,739
			_______		_______

Capital and reserves
Called up share capital			1,000		1,000
Revaluation reserve			41,798		41,798
Profit and loss account			141,324		134,941
			_______		_______
Shareholders funds			184,122		177,739
			_______		_______

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.

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

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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 26 November 2025 , and are signed on behalf of the board by:

Mr A D S Peto

Director

Company registration number: 02304051

LAUNCHMERE LIMITED

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Revaluation reserve	Profit and loss account	Total
	£	£	£	£


At 1 April 2023	1,000	41,798	131,991	174,789

Profit for the year			2,950	2,950
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	2,950	2,950

	_______	_______	_______	_______
At 31 March 2024 and 1 April 2024	1,000	41,798	134,941	177,739

Profit for the year			6,383	6,383
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	6,383	6,383

	_______	_______	_______	_______
At 31 March 2025	1,000	41,798	141,324	184,122
	_______	_______	_______	_______

LAUNCHMERE LIMITED

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 & Wales. The address of the registered office is C/O Pearlman Rose, Jack Dash House, 2 Lawn House Close, London, E14 9YQ.

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, 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.

Turnover

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.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, 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 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 are 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:


Plant and machinery	-	25 %	reducing balance
Fittings fixtures and equipment	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: 1 ).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024	153,100	24,183	25,788	23,891	226,962
Additions	-	565	-	-	565
	_______	_______	_______	_______	_______
At 31 March 2025	153,100	24,748	25,788	23,891	227,527
	_______	_______	_______	_______	_______
Depreciation
At 1 April 2024	-	22,278	25,180	7,092	54,550
Charge for the year	-	617	152	4,200	4,969
	_______	_______	_______	_______	_______
At 31 March 2025	-	22,895	25,332	11,292	59,519
	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2025	153,100	1,853	456	12,599	168,008
	_______	_______	_______	_______	_______
At 31 March 2024	153,100	1,905	608	16,799	172,412
	_______	_______	_______	_______	_______

Investment property

The freehold property is an investment property and in the opinion of the directors the property has a fair valuation of £150,000.

6. Debtors

	2025	2024
	£	£
Other debtors	12,172	7,673
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	450	450
Corporation tax	251	-
Social security and other taxes	1,636	1,363
Other creditors	6,544	14,388
	_______	_______
	8,881	16,201
	_______	_______