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REGISTERED NUMBER: 07493628 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

LOTAME SOLUTIONS INTERNATIONAL LIMITED

LOTAME SOLUTIONS INTERNATIONAL LIMITED (REGISTERED NUMBER: 07493628)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LOTAME SOLUTIONS INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: A H Monfried





REGISTERED OFFICE: Suite 2 First Floor
10 Temple Back
Bristol
BS1 6FL





REGISTERED NUMBER: 07493628 (England and Wales)





AUDITORS: Mark Arber Limited
Statutory Auditors
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

LOTAME SOLUTIONS INTERNATIONAL LIMITED (REGISTERED NUMBER: 07493628)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,720 5,168

CURRENT ASSETS
Debtors 5 350,663 337,784
Cash at bank 106,173 66,646
456,836 404,430
CREDITORS
Amounts falling due within one year 6 (43,515 ) (57,512 )
NET CURRENT ASSETS 413,321 346,918
TOTAL ASSETS LESS CURRENT
LIABILITIES

419,041

352,086

PROVISIONS FOR LIABILITIES 7 (653 ) (1,083 )
NET ASSETS 418,388 351,003

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 418,387 351,002
418,388 351,003

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 director and authorised for issue on 1 September 2022 and were signed by:





A H Monfried - Director


LOTAME SOLUTIONS INTERNATIONAL LIMITED (REGISTERED NUMBER: 07493628)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Lotame Solutions International 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Computer Equipments- 33% on cost
Leasehold improvement- 33% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2020 - 11 ) .

LOTAME SOLUTIONS INTERNATIONAL LIMITED (REGISTERED NUMBER: 07493628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2021 31,449 23,037 54,486
Additions - 4,096 4,096
At 31 December 2021 31,449 27,133 58,582
DEPRECIATION
At 1 January 2021 31,448 17,870 49,318
Charge for year 1 3,543 3,544
At 31 December 2021 31,449 21,413 52,862
NET BOOK VALUE
At 31 December 2021 - 5,720 5,720
At 31 December 2020 1 5,167 5,168

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Amounts owed by group undertakings 210,109 204,251
VAT 14,956 11,523
Prepayments 52,996 49,408
Deposits 72,602 72,602
350,663 337,784

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 1,310 10,065
Tax 19,255 16,535
Social security and other taxes 5,573 5,470
Accrued expenses 5,081 8,751
Deferred rent 12,296 16,691
43,515 57,512

7. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax 653 1,083

Deferred
tax
£   
Balance at 1 January 2021 1,083
Provided during year (430 )
Balance at 31 December 2021 653

LOTAME SOLUTIONS INTERNATIONAL LIMITED (REGISTERED NUMBER: 07493628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Arber (Senior Statutory Auditor)
for and on behalf of Mark Arber Limited

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

Lotame Solutions, Inc (incorporated in United States of America) is regarded by the director as being the company's ultimate parent company.

11. SHARE-BASED PAYMENT TRANSACTIONS

The company has taken advantage of the exemption provided in FRS 102 Section 1.12D not to disclose details of share-based payment arrangements concerning equity instruments of another group entity.

The parent company has not allocated any cost in respect of this scheme to the company; therefore, no costs have been recognised in these financial statements.