ACCOUNTS - Final Accounts preparation

Registered number: 15157666

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2026

	LAMORNA INVESTMENTS LTD


LAMORNA INVESTMENTS LTD

COMPANY INFORMATION

Directors	C Antonian
	E Antonian
	H Antonian
	L M Antonian
	M L Antonian


Registered number	15157666


Registered office	2nd Floor Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ


Accountants	Menzies LLP
	Chartered Accountants
	Magna House
	18-32 London Road
	Staines-Upon-Thames
	TW18 4BP


LAMORNA INVESTMENTS LTD

CONTENTS

	Page
Statement of financial position	1
Notes to the financial statements	2 - 3


LAMORNA INVESTMENTS LTD REGISTERED NUMBER:15157666

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

		2026		2025
Note		£		£

Fixed assets
Fixed Asset Investments	4		12,107,909		10,985,321
			12,107,909		10,985,321
Current assets
Debtors: Amounts falling due within one year	5	570		542
Bank and cash balances		13,324		33,647
		13,894		34,189
Creditors: Amounts falling due within one year	6	(11,412,832)		(11,197,000)
Net current liabilities			(11,398,938)		(11,162,811)
Total assets less current liabilities			708,971		(177,490)

Net assets/(liabilities)			708,971		(177,490)

Capital and reserves
Called up share capital	300	300
Profit and loss account	708,671	(177,790)
	708,971	(177,490)

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

L M Antonian

Director

Date: 5 September 2026

The notes on pages 2 to 3 form part of these financial statements.

Page 1


LAMORNA INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Lamorna Investments Ltd is a private company, limited by shares, incorporated in England and Wales. The company's registered number and registered office can be found on the company information page. The company has no principal place of business.

2.Accounting policies

2.1

Basis of preparation of financial statements

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:

2.2

Going concern

At 31 March 2026, the company had net assets of £708,971 (2025: net liabilities of £177,490) and net current liabilities of £11,398,938 (2025: £11,162,811). With the ongoing support from the directors and income from the company's investment portfolio, the company expects to be able to meet its liabilities as they fall due for the forseeable future. Accordingly, the financial statements have been prepared on a going concern basis.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Valuation of investments

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.6

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Employees

The average number of monthly employees, including directors, was 5 (2025 - 5).

Page 2


LAMORNA INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

4.	Fixed asset investments

		Listed investments
		£
	Cost or valuation
	At 1 April 2025	10,985,321
	Additions	9,358,515
	Disposals	(9,409,943)
	Revaluations	1,174,016
	At 31 March 2026	12,107,909

Listed investments are recognised at market value as at 31 March 2026. Changes in market value are reflected in the Statement of Income and Retained Earnings as gains from changes in fair value of fixed asset investments

Debtors

					2026	2025
					£	£


Prepayments and accrued income	570	542
	570	542

6.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Other taxation and social security	87,290	-
Other creditors	10,304,626	10,376,220
Accruals and deferred income	1,020,916	820,780
	11,412,832	11,197,000

7.	Transactions with directors

Included within other creditors and accruals are amounts of £10,304,626 and £1,010,835 respectively (2025 - £10,376,220 and £810,699) due to the directors. Interest is being accrued daily at 1.5% above the Bank of England base rate and is payable, in arrears, annually on the final business day of the financial year, subject to directors' approval. The loan is repayable on demand.

Page 3