Company Registration No. 02170461 (England and Wales)
L Xap Limited
Annual report and unaudited financial statements
For the year ended 31 March 2022
Pages for filing with registrar
L XAP LIMITED
L Xap Limited
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
L XAP LIMITED
L Xap Limited
BALANCE SHEET
AS AT
31 MARCH 2022
31 March 2022
- 1 -
2022
2021
Notes
£
£
£
£
Current assets
Debtors
2
42,294
42,294
Creditors: amounts falling due within one year
3
(39,459)
(39,459)
Net current assets
2,835
2,835
Capital and reserves
Called up share capital
4
1,000
1,000
Profit and loss reserves
1,835
1,835
Total equity
2,835
2,835
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2022 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 18 May 2022 and are signed on its behalf by:
P J Lawlor
Director
Company Registration No. 02170461
L XAP LIMITED
L Xap Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
- 2 -
1
Accounting policies
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Going concern
The accounts have been prepared on the going concern basis however the company ceased trading on 31 March 2008. At 31 March 20true22 there were no fixed assets or long term liabilities. Accordingly the director believes that no material adjustments are required to the carrying value of the current assets or liabilities.
1.3
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Debtors
2022
2021
Amounts falling due within one year:
£
£
Other debtors
42,294
42,293
3
Creditors: amounts falling due within one year
2022
2021
£
£
Corporation tax
59
59
Other creditors
39,400
39,400
39,459
39,459
4
Called up share capital
2022
2021
£
£
Ordinary share capital
Issued and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
L XAP LIMITED
L Xap Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 3 -
5
Company information
L Xap Limited is a private company limited by shares incorporated in England and Wales. The registered office is 55 Loudoun Road, St John's Wood, London, NW8 0DL.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
