Lobelha Management Limited |
Registered number: |
07702613 |
Balance Sheet |
as at 31 July 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
€ |
€ |
Fixed assets |
Tangible assets |
3 |
|
|
150,000 |
|
|
150,000 |
|
Current assets |
Debtors |
4 |
|
1,226 |
|
|
1,136 |
|
Creditors: amounts falling due within one year |
5 |
|
(199,477) |
|
|
(193,162) |
|
Net current liabilities |
|
|
|
(198,251) |
|
|
(192,026) |
|
Net liabilities |
|
|
|
(48,251) |
|
|
(42,026) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
1 |
|
|
1 |
Profit and loss account |
|
|
|
(48,252) |
|
|
(42,027) |
|
Shareholder's funds |
|
|
|
(48,251) |
|
|
(42,026) |
|
|
|
|
|
|
|
|
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 member has 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. |
|
|
|
|
Ben Bateson |
Director |
Approved by the board on 5 March 2024 |
|
Lobelha Management Limited |
Notes to the Accounts |
for the year ended 31 July 2023 |
|
|
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). |
|
|
Fundamental accounting concept |
|
The company is dependent on the continued financial support of the shareholder. The company's shareholder enables it to continue operating and to meet its liabilities as they fall due. The shareholder has confirmed that they will continue to provide financial support to the company for the foreseeable future to enable the company to continue normal activities until it is in a financial position to support itself. For this reason, the directors continue to adopt the going concern basis in producing the financial statements. Should this financial support not be available, the going concern basis would be inappropriate and adjustments would have to be made to revise the value of assets to their net realisable amounts and to provide for any further liabilities which might arise. |
|
|
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: |
|
|
Freehold buildings |
over 50 years |
|
Leasehold land and buildings |
over the lease term |
|
Plant and machinery |
over 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
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. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
€ |
|
Cost |
|
At 1 August 2022 |
150,000 |
|
At 31 July 2023 |
150,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 July 2023 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2023 |
150,000 |
|
At 31 July 2022 |
150,000 |
|
|
4 |
Debtors |
2023 |
|
2022 |
€ |
€ |
|
|
Other debtors |
1,226 |
|
1,136 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
€ |
€ |
|
|
Other creditors |
199,477 |
|
193,162 |
|
|
|
|
|
|
|
|
|
|
6 |
Other information |
|
|
Lobelha Management Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
4th Floor, Silverstream House |
|
45 Fitzroy Street, Fitzrovia |
|
London |
|
United Kingdom |
|
W1T 6EB |