London Lifestyle Associates Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04614358 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2023

for

London Lifestyle Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms B A Needham

Ms A D Wills

REGISTERED OFFICE:

49 Chepstow Road

Westminster

London

W2 5PB

REGISTERED NUMBER:

04614358 (England and Wales)

ACCOUNTANTS:

D and E Accountancy Ltd

Tax Advisors and Accountants

2nd Floor, 2 Walsworth Road

Hitchin

Hertfordshire

SG4 9SP

FIXED ASSETS

Tangible assets

4

953

1,024

Investments

5

130,312

130,057

131,265

131,081

CURRENT ASSETS

Debtors

6

17,100

12,500

Cash at bank and in hand

26,244

30,325

43,344

42,825

CREDITORS

Amounts falling due within one year

7

5,535

5,535

NET CURRENT ASSETS

37,809

37,290

TOTAL ASSETS LESS CURRENT LIABILITIES

169,074

168,371

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

9

168,074

167,371

SHAREHOLDERS' FUNDS

169,074

168,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2024 and were signed on its behalf by:

Ms B A Needham - Director

1.	STATUTORY INFORMATION

London Lifestyle Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 December 2022

13,068

4,867

17,935

Additions

168

-

168

At 30 November 2023

13,236

4,867

18,103

DEPRECIATION

At 1 December 2022

13,068

3,843

16,911

Charge for year

34

205

239

At 30 November 2023

13,102

4,048

17,150

NET BOOK VALUE

At 30 November 2023

134

819

953

At 30 November 2022

-

1,024

1,024

5.	FIXED ASSET INVESTMENTS

Own

shares

£

COST

At 1 December 2022

130,057

Additions

255

At 30 November 2023

130,312

NET BOOK VALUE

At 30 November 2023

130,312

At 30 November 2022

130,057

During the period the company invested in managed equity fund accumulation shares, dividends generated are reinvested.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.23

30.11.22

£

£

Trade debtors

4,000

-

Other debtors

13,100

12,500

17,100

12,500

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.23

30.11.22

£

£

Other creditors

5,535

5,535

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.23

30.11.22

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.

RESERVES

Retained

earnings

£

At 1 December 2022

167,371

Profit for the year

2,703

Dividends

(2,000

)

At 30 November 2023

168,074