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Company registration number:
09032825
Lainston Securities Limited
Unaudited Filleted Abridged Financial Statements for the year ended
31 March 2024
Lainston Securities Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Lainston Securities Limited
Year ended
31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
abridged financial statements
of
Lainston Securities Limited
for the year ended
31 March 2024
which comprise the abridged income statement, abridged statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com/​.
This report is made solely to the Board of Directors of
Lainston Securities Limited
, as a body, in accordance with the terms of our engagement letter dated 1 January 2026. Our work has been undertaken solely to prepare for your approval the
abridged financial statements
of
Lainston Securities Limited
and state those matters that we have agreed to state to the Board of Directors of
Lainston Securities Limited
, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com/​. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Lainston Securities Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Lainston Securities Limited
has kept adequate accounting records and to prepare statutory
abridged financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Lainston Securities Limited
. You consider that
Lainston Securities Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the abridged financial statements of Lainston Securities Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory abridged financial statements.
Switch Accounting Limited
The IncuHive Space, Hursley Campus
Hursley Park Road
Winchester
Hampshire
SO21 2JN
United Kingdom
Date:
20 March 2026
Lainston Securities Limited
Abridged Statement of Financial Position
31 March 2024

|  | 2024 | 2023
--- | --- | --- | ---
| Note | £ | £
Fixed assets |  |  |  |  |
Investments | 5 | 48,493 |  | 67,202 |
Current assets |  |  |  |  |
Debtors |  | 1,314,192 |  | 1,284,806 |
Cash at bank and in hand |  | - |  | 2 |
|  | 1,314,192 |  | 1,284,808 |
Creditors: amounts falling due within one year |  | (578,952 | ) | (2,006,808 | )
Net current assets/(liabilities) |  | 735,240 |  | (722,000 | )
Total assets less current liabilities |  | 783,733 |  | (654,798 | )
Creditors: amounts falling due after more than one year |  | (34,127 | ) | - |
Net assets/(liabilities) |  | 749,606 |  | (654,798 | )
Capital and reserves |  |  |  |  |
Called up share capital |  | 100 |  | 100 |
Profit and loss account |  | 749,506 |  | (654,898 | )
Shareholders funds/(deficit) |  | 749,606 |  | (654,798 | )

For the year ending
31 March 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.

All of the members have consented to the preparation of the abridged statement of financial position and the abridged income statement for the year ended
31 March 2024
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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 income statement has not been delivered.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
23 March 2026
, and are signed on behalf of the board by:

R Clarke
Director

Company registration number:
09032825
Lainston Securities Limited
Notes to the Abridged Financial Statements
Year ended
31 March 2024

## 1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Second Floor Roman Landing
,
35-37 St. Marys Place
,
Southampton
,
SO14 3HY
, England.

## 2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

## 3 Accounting policies

## Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

## Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

## 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.

## Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity 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.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
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.
All equity instruments regardless of significance, and other financial assets that are individually significant, 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.

## Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

## Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

## 4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
2.00
).

## 5 Fixed assets

| Investments
--- | ---
| £
Cost |  |
At 1 April 2023 | 67,202 |
Revaluations | (18,709 | )
At 31 March 2024 | 48,493 |
Impairment |  |
At 1 April 2023 and 31 March 2024 | - |
Carrying amount |  |
At 31 March 2024 | 48,493 |
At 31 March 2023 | 67,202 |

## 6 Controlling party

From 24 May 2021, the company's immediate and parent undertaking is Lainston Holdings Limited incorporated in England & Wales. It owns and controls 87.5% of the shares of Lainston Securities Limited .