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REGISTERED NUMBER: 03042345 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

LOTHAY LIMITED

LOTHAY LIMITED (REGISTERED NUMBER: 03042345)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOTHAY LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M Epstein
L Reich





SECRETARY: L Reich





REGISTERED OFFICE: 49 Fellows Road
London
NW3 3DX





REGISTERED NUMBER: 03042345 (England and Wales)





ACCOUNTANT: Abigail Sayagh
Chartered Accountant
12 Beverley Gardens
London
NW11 9DG

LOTHAY LIMITED (REGISTERED NUMBER: 03042345)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 475,000 475,000

CURRENT ASSETS
Debtors 5 428 -
Cash at bank 451,424 472,010
451,852 472,010
CREDITORS
Amounts falling due within one year 6 4,337 20,307
NET CURRENT ASSETS 447,515 451,703
TOTAL ASSETS LESS CURRENT
LIABILITIES

922,515

926,703

PROVISIONS FOR LIABILITIES 63,593 52,533
NET ASSETS 858,922 874,170

CAPITAL AND RESERVES
Called up share capital 1,002 1,002
Share premium 7 333,659 333,659
Fair value reserve 7 284,158 295,218
Retained earnings 7 240,103 244,291
SHAREHOLDERS' FUNDS 858,922 874,170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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

LOTHAY LIMITED (REGISTERED NUMBER: 03042345)

Balance Sheet - continued
31 March 2023


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 Board of Directors and authorised for issue on 26 December 2023 and were signed on its behalf by:





L Reich - Director


LOTHAY LIMITED (REGISTERED NUMBER: 03042345)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Lothay 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.

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 as modified by the revaluation of certain assets.

Turnover
Rent receivable, excluding VAT.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 - 2 ).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 475,000
NET BOOK VALUE
At 31 March 2023 475,000
At 31 March 2022 475,000

LOTHAY LIMITED (REGISTERED NUMBER: 03042345)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2011 122,752
Valuation in 2017 225,000
Cost 127,248
475,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 428 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 2,537 3,745
Other creditors 1,800 16,562
4,337 20,307

7. RESERVES
Fair
Retained Share value
earnings premium reserve Totals
£    £    £    £   

At 1 April 2022 244,291 333,659 295,218 873,168
Deficit for the year (248 ) - - (248 )
Dividends (15,000 ) - - (15,000 )
Deferred tax 11,060 - (11,060 ) -
At 31 March 2023 240,103 333,659 284,158 857,920

8. ULTIMATE CONTROLLING PARTY

The controlling party is M Epstein.