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LIFE LOVE AND LOSS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2018






LIFE LOVE AND LOSS LTD (REGISTERED NUMBER: 07973817)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


LIFE LOVE AND LOSS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTOR: Dr Emma Loveridge





REGISTERED OFFICE: 6 Prior Bolton Street
London
N1 2NX





REGISTERED NUMBER: 07973817 (England and Wales)





ACCOUNTANTS: AEL Markhams Ltd
Chartered Accountants
201 Haverstock Hill
London
NW3 4QG

LIFE LOVE AND LOSS LTD (REGISTERED NUMBER: 07973817)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,550 8,677

CURRENT ASSETS
Debtors 5 8,218 8,424
Cash at bank and in hand 445 2,980
8,663 11,404
CREDITORS
Amounts falling due within one year 6 143,373 96,076
NET CURRENT LIABILITIES (134,710 ) (84,672 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(126,160

)

(75,995

)

PROVISIONS FOR LIABILITIES 821 578
NET LIABILITIES (126,981 ) (76,573 )

CAPITAL AND RESERVES
Called up share capital 70,000 70,000
Retained earnings (196,981 ) (146,573 )
SHAREHOLDERS' FUNDS (126,981 ) (76,573 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 18 September 2018 and were signed by:



Dr Emma Loveridge - Director


LIFE LOVE AND LOSS LTD (REGISTERED NUMBER: 07973817)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1. STATUTORY INFORMATION

Life Love And Loss Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The director has formed the judgement, at the time of approving the financial statements, that there is a
reasonable expectation that the Company has adequate resources to continue in operational existence for the
foreseeable future. For this reason, the director continue to adopt the going concern basis in preparing the
financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost
Fixtures and fittings - 25% on reducing balance

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are
measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to
be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for
objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised
though profit or loss.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between
an asset's carrying amount and the best estimate of the recoverable amount, which is an approximation of the
amount that the Company would receive for the asset if it were to be sold at the reporting date.

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 statement of financial position date.


LIFE LOVE AND LOSS LTD (REGISTERED NUMBER: 07973817)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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 5 (2017 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 April 2017 7,045 5,662 12,707
Additions - 2,722 2,722
At 31 March 2018 7,045 8,384 15,429
DEPRECIATION
At 1 April 2017 1,409 2,621 4,030
Charge for year 1,409 1,440 2,849
At 31 March 2018 2,818 4,061 6,879
NET BOOK VALUE
At 31 March 2018 4,227 4,323 8,550
At 31 March 2017 5,636 3,041 8,677

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 1,245 2,760
Other debtors 6,973 5,664
8,218 8,424

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 7,766 2,699
Taxation and social security 409 2,139
Other creditors 135,198 91,238
143,373 96,076

LIFE LOVE AND LOSS LTD (REGISTERED NUMBER: 07973817)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

7. OTHER FINANCIAL COMMITMENTS

At 31 March 2018, the company had total commitments under non-cancellable operating leases over the
remaining life of those leases of £71,466.