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REGISTERED NUMBER: 02576210 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30th June 2023

for

Llorel Limited

Llorel Limited (Registered number: 02576210)






Contents of the Financial Statements
for the year ended 30th June 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Llorel Limited

Company Information
for the year ended 30th June 2023







DIRECTORS: D S Wallis
L M Wallis



SECRETARY: L M Wallis



REGISTERED OFFICE: Unit 2
Hunmanby Industrial Estate
Hunmanby
Filey
YO14 0PH



REGISTERED NUMBER: 02576210 (England and Wales)



ACCOUNTANTS: Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX



BANKERS: HSBC Bank PLC
33 St. Nicholas Street
Scarborough
North Yorkshire
Y011 2HN

Llorel Limited (Registered number: 02576210)

Abridged Balance Sheet
30th June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,722 34,877
Investments 5 400,774 400,774
430,496 435,651

CURRENT ASSETS
Debtors 540,363 599,104
Cash at bank 95,507 303,930
635,870 903,034
CREDITORS
Amounts falling due within one year 71,336 75,344
NET CURRENT ASSETS 564,534 827,690
TOTAL ASSETS LESS CURRENT
LIABILITIES

995,030

1,263,341

CREDITORS
Amounts falling due after more than one year (35,116 ) (35,149 )

PROVISIONS FOR LIABILITIES (5,647 ) -
NET ASSETS 954,267 1,228,192

CAPITAL AND RESERVES
Called up share capital 6 20,000 20,000
Retained earnings 934,267 1,208,192
SHAREHOLDERS' FUNDS 954,267 1,228,192

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

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

Llorel Limited (Registered number: 02576210)

Abridged Balance Sheet - continued
30th June 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 12th November 2023 and were signed on its behalf by:





D S Wallis - Director


Llorel Limited (Registered number: 02576210)

Notes to the Financial Statements
for the year ended 30th June 2023

1. STATUTORY INFORMATION

Llorel 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.
Plant and machinery etc - 33% on cost and 10% on cost

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

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).

Llorel Limited (Registered number: 02576210)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st July 2022
and 30th June 2023 51,546
DEPRECIATION
At 1st July 2022 16,669
Charge for year 5,155
At 30th June 2023 21,824
NET BOOK VALUE
At 30th June 2023 29,722
At 30th June 2022 34,877

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st July 2022
and 30th June 2023 400,774
NET BOOK VALUE
At 30th June 2023 400,774
At 30th June 2022 400,774

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary A £10.0 0 10,000 10,000
1,000 Ordinary B £10.0 0 10,000 10,000
20,000 20,000

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Llorel Limited

The following reproduces the text of the report prepared for the directors 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 Directors 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 Llorel Limited for the year ended 30th June 2023 which comprise the Income Statement, Abridged 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 Board of Directors of Llorel Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Llorel Limited and state those matters that we have agreed to state to the Board of Directors of Llorel Limited, as a body, 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 Llorel Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Llorel 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 Llorel Limited. You consider that Llorel 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 Llorel 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.






Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX


12th November 2023