Silverfin false false 31/10/2023 01/11/2022 31/10/2023 P D Edmonds 26/02/2019 N R Ellis 26/02/2019 17 April 2024 The principal activity of the Company during the financial year was that of a holding company. 11848058 2023-10-31 11848058 bus:Director1 2023-10-31 11848058 bus:Director2 2023-10-31 11848058 2022-10-31 11848058 core:CurrentFinancialInstruments 2023-10-31 11848058 core:CurrentFinancialInstruments 2022-10-31 11848058 core:ShareCapital 2023-10-31 11848058 core:ShareCapital 2022-10-31 11848058 core:RetainedEarningsAccumulatedLosses 2023-10-31 11848058 core:RetainedEarningsAccumulatedLosses 2022-10-31 11848058 core:CostValuation 2022-10-31 11848058 core:CostValuation 2023-10-31 11848058 2022-11-01 2023-10-31 11848058 bus:FilletedAccounts 2022-11-01 2023-10-31 11848058 bus:SmallEntities 2022-11-01 2023-10-31 11848058 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 11848058 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11848058 bus:Director1 2022-11-01 2023-10-31 11848058 bus:Director2 2022-11-01 2023-10-31 11848058 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure

Company No: 11848058 (England and Wales)

LOUDER THAN LOVE LTD

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

LOUDER THAN LOVE LTD

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

LOUDER THAN LOVE LTD

BALANCE SHEET

As at 31 October 2023
LOUDER THAN LOVE LTD

BALANCE SHEET (continued)

As at 31 October 2023
Note 2023 2022
£ £
Restated - note 2
Fixed assets
Investments 4 2 2
2 2
Current assets
Debtors 5 350,254 577,329
Cash at bank and in hand 322,621 239,862
672,875 817,191
Creditors: amounts falling due within one year 6 ( 119,352) ( 262,810)
Net current assets 553,523 554,381
Total assets less current liabilities 553,525 554,383
Net assets 553,525 554,383
Capital and reserves
Called-up share capital 4 4
Profit and loss account 553,521 554,379
Total shareholders' funds 553,525 554,383

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

Directors' responsibilities:

The financial statements of Louder Than Love Ltd (registered number: 11848058) were approved and authorised for issue by the Director on 17 April 2024. They were signed on its behalf by:

P D Edmonds
Director
N R Ellis
Director
LOUDER THAN LOVE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
LOUDER THAN LOVE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 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

Louder Than Love Ltd (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 470 Bath Road, Bristol, BS4 3AP, England, 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 £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Prior year error

In the accounts for the year ended 31 October 2022, Louder than Love Ltd owned shares in a subsidiary which were not included as an investment. The prior year balance sheet has been restated to show the investment.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Prior year adjustment

The amended balance sheet replaces the original balance sheet for the financial year ended 31 October 2022.

In the prior year Louder than Love Limited owned shares in a subsidiary which were not included in the original 2022 accounts. The prior year balance sheet has been restated to include the investment.

As previously reported Adjustment As restated
Year ended 31 October 2022 £ £ £
Investment 0 2 2
Other creditors 577,329 2 577,331

3. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

4. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 November 2022 2
At 31 October 2023 2
Carrying value at 31 October 2023 2
Carrying value at 31 October 2022 2

5. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 350,254 577,329

6. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 119,352 262,810