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Registered number: 09311870
Life Champions Technology Limited
Unaudited Financial Statements
For The Year Ended 30 November 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09311870
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 217,770 217,770
Tangible Assets 5 226 301
217,996 218,071
CURRENT ASSETS
Debtors 6 60 900
Cash at bank and in hand 16 2
76 902
Creditors: Amounts Falling Due Within One Year 7 (300,113 ) (273,882 )
NET CURRENT ASSETS (LIABILITIES) (300,037 ) (272,980 )
TOTAL ASSETS LESS CURRENT LIABILITIES (82,041 ) (54,909 )
Creditors: Amounts Falling Due After More Than One Year 8 (49,000 ) (49,000 )
NET LIABILITIES (131,041 ) (103,909 )
CAPITAL AND RESERVES
Called up share capital 9 11,090 11,090
Share premium account 19,980 19,980
Profit and Loss Account (162,111 ) (134,979 )
SHAREHOLDERS' FUNDS (131,041) (103,909)
Page 1
Page 2
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S Stimpson
Director
27 August 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Life Champions Technology Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09311870 . The registered office is 85 First Floor, Great Portland Street, London, W1W 7LT.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to the profit and loss on a straight line basis over their expected useful economic lives, which range from 5 to 10 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Computer Equipment 25% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Intangible Assets
Development Costs
£
Cost
As at 1 December 2024 217,770
As at 30 November 2025 217,770
Net Book Value
As at 30 November 2025 217,770
As at 1 December 2024 217,770
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Page 4
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 December 2024 1,694
As at 30 November 2025 1,694
Depreciation
As at 1 December 2024 1,393
Provided during the period 75
As at 30 November 2025 1,468
Net Book Value
As at 30 November 2025 226
As at 1 December 2024 301
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 60 -
Other debtors - 900
60 900
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 55,565 24,418
Bank loans and overdrafts - 1,103
VAT 109,939 118,900
Other creditors 40,088 17,450
Accruals and deferred income 94,296 94,297
Director's loan account 225 17,714
300,113 273,882
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 49,000 49,000
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 11,090 11,090
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10. Contingent Liabilities
2025 2024
£ £
At the end of the period 1,306,608 1,156,608
The company had contingent liabilities in respect of consultancy services that will become due based on future levels of sales and/or investments.
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