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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
Lemano Group Limited is a private limited liability company incorporated in England and Wales with its registered office at 5th Floor, 19-20, Berners Street, London, W1T 3NN.
The principal activity of the Company is that of a holding company.
The Company's functional and presentational currency is £ Sterling.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
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Exemption from preparing consolidated financial statements
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The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
The Company had net current liabilities of £4,263 at 31 October 2025. The director has assessed the Company's ability to continue as a going concern.
One of the Company's trading subsidiaries provides financial support to the Company. This support is reflected in the amounts owed to group undertakings of £246,141, disclosed in note 7. The subsidiary has confirmed it will not seek repayment of this balance for at least twelve months from the date these financial statements are approved, and will continue to provide financial support to the Company for that period.
On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Investments in subsidiaries are measured at cost less accumulated impairment.
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