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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2019 |
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LOLA BECK LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2019 |
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FOR |
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LOLA BECK LIMITED |
LOLA BECK LIMITED (REGISTERED NUMBER: 08877708) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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LOLA BECK LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
2-4 Packhorse Road |
Gerrards Cross |
Buckinghamshire |
SL9 7QE |
LOLA BECK LIMITED (REGISTERED NUMBER: 08877708) |
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BALANCE SHEET |
31 MARCH 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Retained earnings |
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The director acknowledges his responsibilities for: |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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LOLA BECK LIMITED (REGISTERED NUMBER: 08877708) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2019 |
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1. | STATUTORY INFORMATION |
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Lola Beck Limited is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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Lola Beck Limited is a non-trading holding company. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Preparation of consolidated financial statements |
The financial statements contain information about Lola Beck Limited as an individual company and do not |
contain consolidated financial information as the parent of a group. The company is exempt under Section |
399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost, less any impairment. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2018 - NIL). |
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4. | FIXED ASSET INVESTMENTS |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Amounts owed to group undertakings |
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Amounts owed to group undertakings are unsecured, interest free and have no fixed repayment date. |
LOLA BECK LIMITED (REGISTERED NUMBER: 08877708) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
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6. | CALLED UP SHARE CAPITAL |
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2019 | 2018 |
Allotted, called up and fully paid | £ | £ |
569,500 "A" Ordinary shares of £0.01 each | 5,695 | 5,695 |
33,500 "B" Ordinary shares of £0.01 each | 335 | 335 |
33,500 "C" Ordinary shares of £0.01 each | 335 | 335 |
33,500 "D" Ordinary shares of £0.01 each | 335 | 335 |
6,700 | 6,700 |
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Details of the rights attributable to each of the classes of shares are set out in the Articles of Association but in |
summary are as follows: |
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-"A" Ordinary shares - holders are entitled to: a dividend but only after any dividend on the "B" Ordinary shares is |
paid; one vote per share in general meetings; and 85% on a sale of the company, liquidation or other return of |
capital. |
-"B" Ordinary shares - holders are entitled to: a dividend of £0.48 per share per annum in priority to "A" Ordinary |
shares; no voting rights other than regarding the winding up or variation of class rights of the shares; and 5% on |
a sale of the company, liquidation or other return of capital. |
-"C" Ordinary shares - holders are not entitled to a dividend; have no voting rights other than regarding the |
winding up or variation of class rights of the share; and 5% on a sale of the company, liquidation or other return |
of capital. |
-"D" Ordinary shares - holders are not entitled to a dividend; have no voting rights other than regarding the |
winding up or variation of class rights of the share; and 5% on a sale of the company, liquidation or other return |
of capital. |
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7. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party of the company is S P Beck by virtue of his majority ownership. |