Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1true12022-04-01falseNo description of principal activitytrue 13280656 2022-04-01 2023-03-31 13280656 2021-03-21 2022-03-31 13280656 2023-03-31 13280656 2022-03-31 13280656 c:Director1 2022-04-01 2023-03-31 13280656 d:Buildings d:ShortLeaseholdAssets 2022-04-01 2023-03-31 13280656 d:Buildings d:ShortLeaseholdAssets 2023-03-31 13280656 d:Buildings d:ShortLeaseholdAssets 2022-03-31 13280656 d:CurrentFinancialInstruments 2023-03-31 13280656 d:CurrentFinancialInstruments 2022-03-31 13280656 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13280656 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13280656 d:ShareCapital 2023-03-31 13280656 d:ShareCapital 2022-03-31 13280656 d:SharePremium 2023-03-31 13280656 d:SharePremium 2022-03-31 13280656 d:RetainedEarningsAccumulatedLosses 2023-03-31 13280656 d:RetainedEarningsAccumulatedLosses 2022-03-31 13280656 c:OrdinaryShareClass1 2022-04-01 2023-03-31 13280656 c:OrdinaryShareClass1 2023-03-31 13280656 c:OrdinaryShareClass1 2022-03-31 13280656 c:FRS102 2022-04-01 2023-03-31 13280656 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 13280656 c:FullAccounts 2022-04-01 2023-03-31 13280656 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13280656









LOS LOBOS LONDON LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
LOS LOBOS LONDON LIMITED
REGISTERED NUMBER: 13280656

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
72,007
-

Current assets
  

Debtors: amounts falling due within one year
 5 
316,142
1

Cash at bank and in hand
 6 
198,277
-

  
514,419
1

Creditors: amounts falling due within one year
 7 
(165,527)
-

Net current assets
  
 
 
348,892
 
 
1

Total assets less current liabilities
  
420,899
1

  

Net assets
  
420,899
1


Capital and reserves
  

Called up share capital 
 8 
45
1

Share premium account
  
440,956
-

Profit and loss account
  
(20,102)
-

Total equity
  
420,899
1


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
LOS LOBOS LONDON LIMITED
REGISTERED NUMBER: 13280656
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




F D S Carruthers
Director

Date: 19 October 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
LOS LOBOS LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Los Lobos London Limited is a private company limited by shares and registered in England and Wales. Its registered office address is Aston House, Cornwall Avenue, London, N3 1LF.
The financial statements are presented in Sterling (£), rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial
statements.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Over the term of the lease

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
LOS LOBOS LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

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 debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

  
2.8

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
LOS LOBOS LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Short-term leasehold property

£



Cost or valuation


Additions
72,007



At 31 March 2023

72,007






Net book value



At 31 March 2023
72,007



At 31 March 2022
-


5.


Debtors

2023
2022
£
£


Other debtors
316,142
-

Called up share capital not paid
-
1

316,142
1



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
198,277
-


Page 5

 
LOS LOBOS LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
67,028
-

Other creditors
92,999
-

Accruals and deferred income
5,500
-

165,527
-



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



451,000 (2022 - 1) Ordinary shares of £0.0001(2022 - £1.00) each
45
1


On 1 November 2022 the existing 1 £1.00 Ordinary share was subdivided into 10,000 £0.0001 Ordinary shares.
On 2 December 2022 the company issued 150,000 Ordinary £0.0001 shares for £150,000.
On 23 December 2022 the company issued 75,000 Ordinary £0.0001 shares for £75,000.
On 3 March 2023 the company issued 216,000 Ordinary £0.0001 shares for £216,000.

 
Page 6