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REGISTERED NUMBER: 11709699 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Lovenkjaer Holdings Ltd

Lovenkjaer Holdings Ltd (Registered number: 11709699)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lovenkjaer Holdings Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Dr R P Lovenkjaer Olsson
Dr K A Jacobi





REGISTERED OFFICE: 3 Twizel Close
Stonebridge
MILTON KEYNES
Buckinghamshire
MK13 0DX





REGISTERED NUMBER: 11709699 (England and Wales)





ACCOUNTANTS: Sherwoods Ltd
Chartered Certified Accountants
1st Floor
27 Shirwell Crescent
Furzton Lake
Milton Keynes
Buckinghamshire
MK4 1GA

Lovenkjaer Holdings Ltd (Registered number: 11709699)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 398,178 398,178

CURRENT ASSETS
Debtors 5 1,234 100
Cash at bank 20,614 16,933
21,848 17,033
CREDITORS
Amounts falling due within one year 6 189,906 188,870
NET CURRENT LIABILITIES (168,058 ) (171,837 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,120

226,341

CREDITORS
Amounts falling due after more than one
year

7

214,813

214,813
NET ASSETS 15,307 11,528

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 15,207 11,428
15,307 11,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Lovenkjaer Holdings Ltd (Registered number: 11709699)

Balance Sheet - continued
31 March 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 by the Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:




Dr K A Jacobi - Director



Dr R P Lovenkjaer Olsson - Director


Lovenkjaer Holdings Ltd (Registered number: 11709699)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Lovenkjaer Holdings 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 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2022
and 31 March 2023 398,178
NET BOOK VALUE
At 31 March 2023 398,178
At 31 March 2022 398,178

Lovenkjaer Holdings Ltd (Registered number: 11709699)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed by associates 1,134 -
Other debtors 100 100
1,234 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 1,206 170
Other creditors 188,700 188,700
189,906 188,870

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Amounts owed to associates 214,813 214,813

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Spine, Body & Health Ltd

A company owned and controlled by the directors.

A loan of £148,213 (2022 - £148,213) from Spine, Body & Health Ltd and was outstanding at the year end.

No interest was charged.

Chiropractic Marketing Stream Ltd

A company owned and controlled by the directors.

A loan of £66,600 (2022- £66,600) from Chiropractic Marketing Stream Ltd and was outstanding at the year end.

No interest was charged.

Roger Gracie Academy Ltd

A company owned and controlled by the directors.

A loan of £1,134 (2022- £nil) was paid to Roger Gracie Academy Ltd and was outstanding at the year end.

No interest was charged.

Lovenkjaer Holdings Ltd (Registered number: 11709699)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. RELATED PARTY DISCLOSURES

Mrs E Olsson

A 50% shareholder.

A loan of £188,000 (2022- £188,000) from Mrs E Olsson and was outstanding at the year end.

No interest was charged.