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REGISTERED NUMBER: 12758900 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2023

for

LODEAN LIMITED

LODEAN LIMITED (REGISTERED NUMBER: 12758900)

Contents of the Financial Statements
for the year ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LODEAN LIMITED

Company Information
for the year ended 30 April 2023







Director: Mr D Barker





Registered office: Regency House
Station Road
Harold Wood
Essex
RM3 0BS





Registered number: 12758900 (England and Wales)





Accountants: Haines Watts South East LLP
Chartered Accountants
Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

LODEAN LIMITED (REGISTERED NUMBER: 12758900)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Investments 4 225,868 154,868

Current assets
Debtors 5 12,000 -
Cash at bank and in hand 3,654 3,639
15,654 3,639
Creditors
Amounts falling due within one year 6 3,543 1,628
Net current assets 12,111 2,011
Total assets less current liabilities 237,979 156,879

Capital and reserves
Called up share capital 7 100 100
Retained earnings 237,879 156,779
Shareholders' funds 237,979 156,879

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2023 and were signed by:





Mr D Barker - Director


LODEAN LIMITED (REGISTERED NUMBER: 12758900)

Notes to the Financial Statements
for the year ended 30 April 2023


1. Statutory information

Lodean 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.

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

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 May 2022 154,868
Additions 71,000
At 30 April 2023 225,868
Net book value
At 30 April 2023 225,868
At 30 April 2022 154,868

LODEAN LIMITED (REGISTERED NUMBER: 12758900)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


5. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 12,000 -

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors - 108
Other creditors 3,543 1,520
3,543 1,628

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
Mr D Barker
Balance outstanding at start of year (20 ) -
Amounts repaid (108 ) (20 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (128 ) (20 )

9. Related party disclosures

Included in other creditors due within one year is an amount totalling £2,514 due to a company registered in England and Wales in which the director has a material interest. This loan is interest free and repayable on demand.