LB NORTH LTD

(formerly LAUGHING BAGS LTD)

Registered Number
07328025
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2025

LB NORTH LTD

Company Information
for the year from 1 August 2024 to 31 July 2025


Director	LINNEN, John Noel Edward Brown


Registered Address	Block B, Imperial Works
	Perren Street
	London
	NW5 3ED


Registered Number	07328025 (England and Wales)

LB NORTH LTD

Balance Sheet as at
31 July 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investments	3		9		9
			9		9
Current assets
Debtors		65,983		64,783
Cash at bank and on hand		929		4,003
		66,912		68,786
Creditors amounts falling due within one year	4	(65,884)		(67,610)
Net current assets (liabilities)			1,028		1,176
Total assets less current liabilities			1,037		1,185
Net assets			1,037		1,185
Capital and reserves
Called up share capital			100		100
Profit and loss account			937		1,085
Shareholders' funds			1,037		1,185

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 21 July 2026, and are signed on its behalf by:

LINNEN, John Noel Edward Brown
Director
Registered Company No. 07328025

LB NORTH LTD

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 August 24	9	9
At 31 July 25	9	9
Net book value
At 31 July 25	9	9
At 31 July 24	9	9

	Notes
	¹Investments in group undertakings and participating interests

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	18,666	33,609
Accrued liabilities and deferred income	47,218	34,001
Total	65,884	67,610