LCI Projects Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04488004

LCI Projects Limited

Filleted Unaudited Financial Statements

31 March 2025

LCI Projects Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Current assets

Debtors	4	12,432	12,432
Cash at bank and in hand		2,743	4,740
		--------	--------
		15,175	17,172

Creditors: amounts falling due within one year	5	723,908		764,701
		---------		---------
Net current liabilities			708,733	747,529
			---------	---------
Total assets less current liabilities			( 708,733)	( 747,529)
			---------	---------
Net liabilities			( 708,733)	( 747,529)
			---------	---------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	( 709,733)	( 748,529)
	---------	---------
Shareholder deficit	( 708,733)	( 747,529)
	---------	---------

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.

Directors' responsibilities:

- The member has 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 were approved by the board of directors and authorised for issue on 30 December 2025 , and are signed on behalf of the board by:

Mr C M Matthews

Director

Company registration number: 04488004

LCI Projects 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 and Wales. The address of the registered office is 55 Merthyr Terrace, Barnes, London, SW13 8DL.

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.

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.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	691	691
Other debtors	11,741	11,741
	--------	--------
	12,432	12,432
	--------	--------

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	713,122	753,064
Social security and other taxes	8,200	9,008
Other creditors	2,586	2,629
	---------	---------
	723,908	764,701
	---------	---------

6. Related party transactions

During the year the company charged £48,000 (2024: £54,000) in respect of management service charges. The transactions were made to the immediate holding company. The charges were made at arms length and, at 31 March 2025, LCI Projects Limited owed £713,122 (2024: £753,064) to the other company. During the year the company were charged £Nil (2024: £Nil) in respect of management service charges. The transactions were made by the ultimate holding company and, at 31 March 2025, LCI Projects Limited were owed £691 (2024 £691) by the other company.

7. Controlling party

The immediate holding company is LCI Productions Limited, a company incorporated in England. The ultimate holding company is LCI Holdings (UK) Limited, a company incorporated in England.