LMSL Holdings Limited - Filleted accounts

LMSL Holdings Limited - Filleted accounts

LMSL HOLDINGS LIMITED - Company Information

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Registered number
10055436
LMSL Holdings Limited
Filleted Accounts
31 December 2022
LMSL Holdings Limited
Registered number: 10055436
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
as restated
Fixed assets
Investments 3 63,002 63,002
Current assets
Debtors 4 15,027,367 15,027,367
Net current assets 15,027,367 15,027,367
Net assets 15,090,369 15,090,369
Capital and reserves
Called up share capital 1,002 1,002
Share premium 28,327,883 28,327,883
Profit and loss account (13,238,516) (13,238,516)
Shareholders' funds 15,090,369 15,090,369
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L Mohamed
Director
Approved by the board on 28 November 2023
LMSL Holdings Limited
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
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).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
No depreciation has been provided in this period.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 0 0
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2022 63,002
At 31 December 2022 63,002
4 Debtors 2022 2021
£ £
as restated
Other debtors 15,027,367 15,027,367
5 Related party transactions
The company has taken the exemption available in FRS102 1A.35 and not disclosed balances and transactions entered into between two or more members of the group, provided that any subsidiary which is a party to the transaction is wholly owned by such member.
6 Controlling party
The company is controlled by Mr. L Mohamed and Mrs S Lahrie. There is no ultimate controlling party.
7 Other information
LMSL Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
113 Hoe Street
Walthamstow
London
E17 4RX
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