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Company Registration No. 10590438 (England and Wales)
LN7 Ltd Unaudited accounts for the year ended 30 June 2025
LN7 Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
LN7 Ltd Company Information for the year ended 30 June 2025
Director
Daniel William Strain
Company Number
10590438 (England and Wales)
Registered Office
323 Wilmslow Road Manchester Greater Manchester M14 6NW
- 3 -
LN7 Ltd Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
858,943
744,859
Investments
5
75
50
859,018
744,909
Current assets
Debtors
6
164
7,205
Cash at bank and in hand
6,025
14,667
6,189
21,872
Creditors: amounts falling due within one year
7
(5,131)
(36,382)
Net current assets/(liabilities)
1,058
(14,510)
Total assets less current liabilities
860,076
730,399
Creditors: amounts falling due after more than one year
8
(548,297)
(549,927)
Net assets
311,779
180,472
Capital and reserves
Called up share capital
50
50
Revaluation reserve
159,000
44,000
Profit and loss account
152,729
136,422
Shareholders' funds
311,779
180,472
For the year ending 30 June 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 February 2025 and were signed on its behalf by
Daniel William Strain Director Company Registration No. 10590438
- 4 -
LN7 Ltd Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
LN7 Ltd is a private company, limited by shares, registered in England and Wales, registration number 10590438. The registered office is 323 Wilmslow Road, Manchester, Greater Manchester, M14 6NW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 30 June 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At valuation
At cost
At cost
At 1 July 2024
742,234
6,947
857
750,038
Revaluations
115,000
-
-
115,000
At 30 June 2025
857,234
6,947
857
865,038
Depreciation
At 1 July 2024
-
4,836
343
5,179
Charge for the year
-
745
171
916
At 30 June 2025
-
5,581
514
6,095
Net book value
At 30 June 2025
857,234
1,366
343
858,943
At 30 June 2024
742,234
2,111
514
744,859
- 5 -
LN7 Ltd Notes to the Accounts for the year ended 30 June 2025
5
Investments
Subsidiary undertakings
£
Valuation at 1 July 2024
50
Additions
25
Valuation at 30 June 2025
75
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Amounts due from group undertakings etc.
-
22,415
Accrued income and prepayments
164
(15,210)
164
7,205
7
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings and other participating interests
31,530
-
Taxes and social security
(16)
5,678
Loans from directors
(27,583)
29,504
Accruals
1,200
1,200
5,131
36,382
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
548,297
549,927
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 6 -