REGISTERED NUMBER: 14373566 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

LCA INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr T P Armstrong

Mr N A Curry

Mr J Langford

SECRETARY:

Ms D Langford

REGISTERED OFFICE:

8 Baymount Road

Paignton

Devon

TQ3 2LD

REGISTERED NUMBER:

14373566 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

BANKERS:

Barclays

Truro

TR1 2RP

CURRENT ASSETS

Debtors

4

1,284

2,709

Investments

5

1,044,020

626,220

Cash at bank

13,316

15,881

1,058,620

644,810

CREDITORS

Amounts falling due within one year

6

1,165,807

651,392

NET CURRENT LIABILITIES

(107,187

)

(6,582

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(107,187

)

(6,582

)

CAPITAL AND RESERVES

Called up share capital

284

284

Retained earnings

(107,471

)

(6,866

)

SHAREHOLDERS' FUNDS

(107,187

)

(6,582

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2026 and were signed on its behalf by:

Mr J Langford - Director

Mr N A Curry - Director

Mr T P Armstrong - Director

1.	STATUTORY INFORMATION

LCA Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

The company meets its day to day working capital requirements through a loan provided by the directors. They will continue to support the company in this way until such times as profits are made.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Directors' current accounts

1,284

1,284

Prepayments

-

1,425

1,284

2,709

5.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Unlisted investments

1,044,020

626,220

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

6,994

9,725

Amounts owed to group undertakings

1,150,664

630,755

Tax

-

1,976

VAT

76

863

Accrued expenses

8,073

8,073

1,165,807

651,392

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2025 and 31 October 2024:

2025

2024

£

£

Mr J Langford

Balance outstanding at start of year

1,142

142

Amounts advanced

-

101,000

Amounts repaid

-

(100,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,142

1,142

Mr N A Curry

Balance outstanding at start of year

84

84

Amounts advanced

-

59,155

Amounts repaid

-

(59,155

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

84

84

Mr T P Armstrong

Balance outstanding at start of year

58

58

Amounts advanced

-

40,845

Amounts repaid

-

(40,845

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

58

58

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £110,000 were paid to the directors .

There is an inter-company loan with Zenith Marine Limited (a wholly owned subsidiary), at the year end the amount owed by the Company was £1,150,664 (2024: £630,755. The loan is interest free and repayable on demand.

Dividends were received from Zenith Marine Ltd in the year of £110,000 (2024: £200,000.)

During the year fees of £37,464 (2024: £37,463) were paid to Enzo Capital Ltd, a company controlled by one of the Directors, Mr N Curry.

Also, during the year fees of £11,000 (2024: £8,073) were paid to Timoneers Ltd, a company controlled by one of the Directors, Mr T Armstrong.