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Company No: 08030081 (England and Wales)

LAUREN POPE LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2023
Pages for filing with the registrar

LAUREN POPE LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2023

Contents

LAUREN POPE LIMITED

COMPANY INFORMATION

For the financial year ended 31 July 2023
LAUREN POPE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 July 2023
DIRECTOR Miss L G Pope
REGISTERED OFFICE Sigma House Oak View Close
Edginswell Park
Torquay
TQ2 7FF
United Kingdom
COMPANY NUMBER 08030081 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
LAUREN POPE LIMITED

BALANCE SHEET

As at 31 July 2023
LAUREN POPE LIMITED

BALANCE SHEET (continued)

As at 31 July 2023
2023 2022
£ £
Current assets
Debtors 3 284,661 85,373
Cash at bank and in hand 20,986 249,299
305,647 334,672
Creditors: amounts falling due within one year 4 ( 44,393) ( 56,184)
Net current assets 261,254 278,488
Total assets less current liabilities 261,254 278,488
Net assets 261,254 278,488
Capital and reserves
Called-up share capital 5 1 1
Profit and loss account 261,253 278,487
Total shareholder's funds 261,254 278,488

For the financial year ending 31 July 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Lauren Pope Limited (registered number: 08030081) were approved and authorised for issue by the Director on 12 April 2024. They were signed on its behalf by:

Miss L G Pope
Director
LAUREN POPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
LAUREN POPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lauren Pope Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

2023 2022
£ £
Trade debtors 0 18,000
Amounts owed by connected companies 57,716 30,439
Amounts owed by director 226,945 36,934
284,661 85,373

4. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 2,910 390
Accruals 2,900 2,575
Taxation and social security 38,583 53,219
44,393 56,184

5. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

6. Related party transactions

Transactions with the entity's director

2023 2022
£ £
At 1 August 36,934 123,606
Advances to director 251,363 143,640
Repayments by director (61,352) (230,312)
At 31 July 226,945 36,934

The company operates a loan account with its director. The loan is repayable on demand and interest is charged at rates stipulated by HMRC.