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REGISTERED NUMBER: 09353799 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

LDSD LIMITED

LDSD LIMITED (REGISTERED NUMBER: 09353799)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LDSD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: L S Davis





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 09353799 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

LDSD LIMITED (REGISTERED NUMBER: 09353799)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 69,213 79,482
Investments 4 270,000 270,000
339,213 349,482

CURRENT ASSETS
Debtors 5 403,587 261,095
Cash at bank 2,203 2,134
405,790 263,229
CREDITORS
Amounts falling due within one year 6 565,882 458,376
NET CURRENT LIABILITIES (160,092 ) (195,147 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,121

154,335

CREDITORS
Amounts falling due after more than one
year

7

(24,098

)

(34,098

)

PROVISIONS FOR LIABILITIES (5,521 ) (4,957 )
NET ASSETS 149,502 115,280

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 149,402 115,180
149,502 115,280

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

LDSD LIMITED (REGISTERED NUMBER: 09353799)

BALANCE SHEET - continued
31 DECEMBER 2022


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 director and authorised for issue on 5 April 2024 and were signed by:





L S Davis - Director


LDSD LIMITED (REGISTERED NUMBER: 09353799)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. 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 represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Fixtures and fittings - 25% on cost
Computer equipment - 33% on 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

LDSD LIMITED (REGISTERED NUMBER: 09353799)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

3. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2022 70,057 41,032 4,210 115,299
Additions - 3,612 - 3,612
At 31 December 2022 70,057 44,644 4,210 118,911
DEPRECIATION
At 1 January 2022 2,332 29,503 3,982 35,817
Charge for year 7,006 6,647 228 13,881
At 31 December 2022 9,338 36,150 4,210 49,698
NET BOOK VALUE
At 31 December 2022 60,719 8,494 - 69,213
At 31 December 2021 67,725 11,529 228 79,482

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2022
and 31 December 2022 270,000
NET BOOK VALUE
At 31 December 2022 270,000
At 31 December 2021 270,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
as restated
£    £   
Trade debtors 13,700 26,520
Amounts owed by associates 345,606 136,103
Other debtors 15,994 15,994
Directors' loan accounts - 82,478
Prepayments and accrued income 28,287 -
403,587 261,095

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
as restated
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 4,070 -
Amounts owed to associates 188,949 223,771
Tax 124,518 96,677
VAT 176,529 122,640
Directors' loan accounts 66 -
Accrued expenses 61,750 5,288
565,882 458,376

LDSD LIMITED (REGISTERED NUMBER: 09353799)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
as restated
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 14,098 24,098
24,098 34,098

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

2022 2021
as restated
£    £   
L S Davis
Balance outstanding at start of year (82,477 ) (260,085 )
Amounts advanced 654,340 1,035,776
Amounts repaid (571,797 ) (858,168 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 66 (82,477 )

This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

LDSD LIMITED (REGISTERED NUMBER: 09353799)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

9. RELATED PARTY DISCLOSURES

During the year, the company decreased its loan with IW Capital Limited. As at 30 December 2022, IW Capital Limited owed the Company £15,821 (2021: £28,387). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

During the year, the Company reduced its loan with Rockwater Group Ltd. As at 30 December 2022, the Company owed Rockwater Group Limited £95,755 (2021: £173,117). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

During the year, the Company decreased its loan with IW Inventa Limited. As at 30 December 2022, The Company owed IW Inventa Limited £16,738 (2021: £18,538). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

During the year, the company decreased its loan with Wavecatchers Ltd. As at 30 December 2022, the Company owed Wavecatchers Ltd £28,456 (2021 £32,116). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

During the year, the company decreased its loan with Iwhip Limited. As at 30 December 2022, the Company was owed by Iwhip Limited £Nil (2021:£107,716). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

During the year, the company introduced its loan with 42 Bruton Limited. As at 30 December 2022, 42 Bruton Limited owed the Company £700 (2021: £Nil). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

During the year, the company introduced its loan with LMD Chauffeurs Limited. As at 30 December 2022, LMD Chauffeurs Limited owed the Company £328,905 (2021: £Nil). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

During the year, the company introduced its loan with Helm Gallery Limited. As at 30 December 2022, Helm Gallery Limited owed the Company £180 (2021: £Nil). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

During the year, the company introduced its loan with Rockwater Sandbanks & Branksome Limited. As at 30 December 2022, the Company was owed by Sandbanks & Branksome Limited. £48,000 (2021: £Nil). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is L S Davis.

This was by virtue of his 100% holding of the issued share capital.