IRIS Accounts Production v23.3.0.418 08035421 director 1.3.22 28.2.23 28.2.23 0 0 true false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure080354212022-02-28080354212023-02-28080354212022-03-012023-02-28080354212021-02-28080354212021-03-012022-02-28080354212022-02-2808035421ns16:EnglandWales2022-03-012023-02-2808035421ns15:PoundSterling2022-03-012023-02-2808035421ns11:Director12022-03-012023-02-2808035421ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2808035421ns11:SmallEntities2022-03-012023-02-2808035421ns11:AuditExemptWithAccountantsReport2022-03-012023-02-2808035421ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2808035421ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2808035421ns11:FullAccounts2022-03-012023-02-2808035421ns11:OrdinaryShareClass12022-03-012023-02-2808035421ns11:RegisteredOffice2022-03-012023-02-2808035421ns6:CurrentFinancialInstruments2023-02-2808035421ns6:CurrentFinancialInstruments2022-02-2808035421ns6:ShareCapital2023-02-2808035421ns6:ShareCapital2022-02-2808035421ns6:FurtherSpecificReserve2ComponentTotalEquity2023-02-2808035421ns6:FurtherSpecificReserve2ComponentTotalEquity2022-02-2808035421ns6:RetainedEarningsAccumulatedLosses2023-02-2808035421ns6:RetainedEarningsAccumulatedLosses2022-02-2808035421ns6:CostValuation2022-02-2808035421ns6:AdditionsToInvestments2023-02-2808035421ns6:CostValuation2023-02-2808035421ns6:Subsidiary12022-03-012023-02-28080354211ns6:Subsidiary12022-03-012023-02-2808035421ns6:Subsidiary12023-02-2808035421ns6:Subsidiary12022-02-2808035421ns6:Subsidiary12021-03-012022-02-2808035421ns6:Subsidiary22022-03-012023-02-2808035421ns6:Subsidiary232022-03-012023-02-2808035421ns6:Subsidiary22023-02-2808035421ns6:Subsidiary22022-02-2808035421ns6:Subsidiary22021-03-012022-02-2808035421ns6:Subsidiary32022-03-012023-02-28080354215ns6:Subsidiary32022-03-012023-02-2808035421ns6:Subsidiary32023-02-2808035421ns6:Subsidiary32022-02-2808035421ns6:Subsidiary32021-03-012022-02-2808035421ns6:Subsidiary42022-03-012023-02-28080354217ns6:Subsidiary42022-03-012023-02-2808035421ns6:Subsidiary42023-02-2808035421ns6:Subsidiary42022-02-2808035421ns6:Subsidiary42021-03-012022-02-2808035421ns6:Subsidiary52022-03-012023-02-2808035421ns6:Subsidiary592022-03-012023-02-2808035421ns6:Subsidiary52023-02-2808035421ns6:Subsidiary52022-02-2808035421ns6:Subsidiary52021-03-012022-02-2808035421ns6:Subsidiary62022-03-012023-02-2808035421ns6:Subsidiary6112022-03-012023-02-2808035421ns6:Subsidiary62023-02-2808035421ns6:Subsidiary62022-02-2808035421ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-2808035421ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-2808035421ns6:DeferredTaxation2022-02-2808035421ns6:DeferredTaxation2023-02-2808035421ns11:OrdinaryShareClass12023-02-28
REGISTERED NUMBER: 08035421 (England and Wales)









Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Lozack Limited

Lozack Limited (Registered number: 08035421)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

Lozack Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: S A Mears





REGISTERED OFFICE: The Old School
Main Road
Higher Kinnerton
Chester
Cheshire
CH4 9AJ





REGISTERED NUMBER: 08035421 (England and Wales)





ACCOUNTANTS: Crowther Jordan Limited
Chartered Accountants
39 High Street
Wednesfield
Wolverhampton
West Midlands
WV11 1ST

Lozack Limited (Registered number: 08035421)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 72,556 106
Investment property 5 1,402,702 1,060,087
1,475,258 1,060,193

CURRENT ASSETS
Debtors 6 13,709 11,539
Cash at bank 81,528 77,058
95,237 88,597
CREDITORS
Amounts falling due within one year 7 796,258 346,448
NET CURRENT LIABILITIES (701,021 ) (257,851 )
TOTAL ASSETS LESS CURRENT LIABILITIES 774,237 802,342

PROVISIONS FOR LIABILITIES 8 41,533 41,533
NET ASSETS 732,704 760,809

CAPITAL AND RESERVES
Called up share capital 9 2 2
Other reserves 213,877 213,877
Retained earnings 518,825 546,930
SHAREHOLDERS' FUNDS 732,704 760,809

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Lozack Limited (Registered number: 08035421)

Balance Sheet - continued
28 February 2023


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 and authorised for issue by the director and authorised for issue on 9 October 2023 and were signed by:





S A Mears - Director


Lozack Limited (Registered number: 08035421)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Lozack 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.

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Lozack 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.

Related party exemption
The company has taken advantage of exemption, under Financial Reporting Standard 102 not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Other operating income
Other operating income represents rental income received. Rental income is recognised when payment is received.

Lozack Limited (Registered number: 08035421)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 March 2022 106 - 106
Additions - 72,450 72,450
At 28 February 2023 106 72,450 72,556
NET BOOK VALUE
At 28 February 2023 106 72,450 72,556
At 28 February 2022 106 - 106

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Jazz Fashion Publishing Limited
Registered office:
Nature of business: Magazine publishers
%
Class of shares: holding
Ordinary 100.00
28.2.23 28.2.22
£    £   
Aggregate capital and reserves (28,867 ) 9,562
Loss for the year (28,429 ) (564 )

Jazz Events Limited
Registered office:
Nature of business: Event organisers
%
Class of shares: holding
Ordinary 100.00
28.2.23 28.2.22
£    £   
Aggregate capital and reserves 449,391 299,404
Profit for the year 149,987 129,474

Lozack Limited (Registered number: 08035421)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. FIXED ASSET INVESTMENTS - continued

Camper Jam Limited
Registered office:
Nature of business: Event organisers
%
Class of shares: holding
Ordinary 100.00
28.2.23 28.2.22
£    £   
Aggregate capital and reserves 207,980 (35,445 )
Profit/(loss) for the year 243,425 (14,066 )

Camper Calling Limited
Registered office:
Nature of business: Event organisers
%
Class of shares: holding
Ordinary 100.00
28.2.23 28.2.22
£    £   
Aggregate capital and reserves 812,189 269,791
Profit for the year 542,398 267,699

Walters Coffee House Limited
Registered office:
Nature of business: Café
%
Class of shares: holding
Ordinary 100.00
28.2.23 28.2.22
£    £   
Aggregate capital and reserves 5,312 27,070
(Loss)/profit for the year (21,758 ) 26,970

The Rookery Leisure Estate Limited
Registered office:
Nature of business: Recreational facilities
%
Class of shares: holding
Ordinary 100.00
28.2.23 28.2.22
£    £   
Aggregate capital and reserves 1 1

Lozack Limited (Registered number: 08035421)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 1,060,087
Additions 342,615
At 28 February 2023 1,402,702
NET BOOK VALUE
At 28 February 2023 1,402,702
At 28 February 2022 1,060,087

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2015 9,900
Valuation in 2016 20,000
Valuation in 2017 20,000
Valuation in 2018 50,000
Valuation in 2020 25,000
Valuation in 2021 125,000
Cost 1,152,802
1,402,702

Investment property was valued on an open market basis on 3 June 2021 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 10,778 11,539
Other debtors 2,931 -
13,709 11,539

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 2,474 -
Amounts owed to group undertakings 774,864 324,800
Taxation and social security 4,957 6,103
Other creditors 13,963 15,545
796,258 346,448

8. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax
Other timing differences 41,533 41,533

Lozack Limited (Registered number: 08035421)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2022 41,533
Balance at 28 February 2023 41,533

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
2 Ordinary £1 2 2

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Lozack Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lozack Limited for the year ended 28 February 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Lozack Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lozack Limited and state those matters that we have agreed to state to the director of Lozack Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lozack Limited and its director for our work or for this report.

It is your duty to ensure that Lozack Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lozack Limited. You consider that Lozack Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lozack Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Crowther Jordan Limited
Chartered Accountants
39 High Street
Wednesfield
Wolverhampton
West Midlands
WV11 1ST


9 October 2023