The London Display Company Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

The London Display Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02774709 . The registered office is 18 Crucifix Lane, Runway East Building, London Bridge, London, SE1 3JW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	25% on reducing balance

2.4. Financial Instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a

party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial

recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the

effective interest rate method. A provision is established when there is objective evidence that the company will

not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank

and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the

substance of the contractual arrangements entered into and the definitions of a financial liability and an equity

instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company

after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds

received, net of direct issue costs.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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The London Display Company Limited

Notes to the Financial Statements (continued)

For the Period 1 December 2024 to 31 March 2026

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned companies within the group.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 8 (2024: 7)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 December 2024	3,450	401	6,257	10,108
Additions	-	-	1,739	1,739

As at 31 March 2026	3,450	401	7,996	11,847

Depreciation
As at 1 December 2024	901	208	2,771	3,880
Provided during the period	850	65	1,741	2,656

As at 31 March 2026	1,751	273	4,512	6,536

Net Book Value
As at 31 March 2026	1,699	128	3,484	5,311

As at 1 December 2024	2,549	193	3,486	6,228

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The London Display Company Limited

Notes to the Financial Statements (continued)

For the Period 1 December 2024 to 31 March 2026

5. Debtors

	31 March 2026	30 November 2024
	£	£
Due within one year
Trade debtors	340,089	59,307
Other debtors	266,634	157,974

	606,723	217,281

6. Creditors: Amounts Falling Due Within One Year

	31 March 2026	30 November 2024
	£	£
Trade creditors	114,358	70,279
Amounts owed to participating interests	79,416	180,716
Other creditors	518,717	117,053
Taxation and social security	97,404	46,338

	809,895	414,386

7. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 December 2024	1,557	1,557
Utilised	(229 )	(229)

Balance at 31 March 2026	1,328	1,328

8. Share Capital

	31 March 2026	30 November 2024
Allotted, called up and fully paid	£	£
90 Ordinary A shares of £ 1.00 each	90	90
10 Ordinary B shares of £ 1.00 each	10	10

	100	100

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The London Display Company Limited

Notes to the Financial Statements (continued)

For the Period 1 December 2024 to 31 March 2026

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	31 March 2026	30 November 2024
	£	£
Not later than one year	44,160	34,860
Later than one year and not later than five years	77,280	-

	121,440	34,860

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 December 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2026
	£	£	£	£	£
Mr Adam Walsh	19,836	89,885	47,001	-	62,720
Mr Phil Green	45,643	57,164	48,485	-	54,332

The above loan is unsecured, subject to interest and repayable on demand.

11. Ultimate Controlling Party

The company's ultimate controlling party is The London Display Holdings Limited by virtue of his ownership of 100% of the issued share capital in the company.

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		31 March 2026		30 November 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		5,311		6,228

			5,311		6,228
CURRENT ASSETS
Debtors	5	606,723		217,281
Cash at bank and in hand		321,798		372,849

		928,521		590,130
Creditors: Amounts Falling Due Within One Year	6	(809,895 )		(414,386 )

NET CURRENT ASSETS (LIABILITIES)			118,626		175,744

TOTAL ASSETS LESS CURRENT LIABILITIES			123,937		181,972

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,328 )		(1,557 )

NET ASSETS			122,609		180,415

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			122,509		180,315

SHAREHOLDERS' FUNDS			122,609		180,415