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REGISTERED NUMBER: 04828968 (England and Wales)















LION MARTIAL ARTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






LION MARTIAL ARTS LIMITED (REGISTERED NUMBER: 04828968)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LION MARTIAL ARTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr L S Alderman





SECRETARY: Mrs C Alderman





REGISTERED OFFICE: 424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 04828968 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

LION MARTIAL ARTS LIMITED (REGISTERED NUMBER: 04828968)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 4 5

CURRENT ASSETS
Cash at bank and in hand 53,920 51,825

CREDITORS
Amounts falling due within one year 5 (63,153 ) (59,193 )
NET CURRENT LIABILITIES (9,233 ) (7,368 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,229

)

(7,363

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (9,329 ) (7,463 )
SHAREHOLDERS' FUNDS (9,229 ) (7,363 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

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 29 February 2024 and were signed by:





Mr L S Alderman - Director


LION MARTIAL ARTS LIMITED (REGISTERED NUMBER: 04828968)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Lion Martial Arts 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.

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 - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 December 2022
and 30 November 2023 1,700
DEPRECIATION
At 1 December 2022 1,695
Charge for year 1
At 30 November 2023 1,696
NET BOOK VALUE
At 30 November 2023 4
At 30 November 2022 5

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 62,193 58,270
Accrued expenses 960 923
63,153 59,193

LION MARTIAL ARTS LIMITED (REGISTERED NUMBER: 04828968)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by Mr L Alderman, who holds 100% of the issued share capital of the company.

7. GOING CONCERN

As at the balance sheet date the company was insolvent, however included within other creditors is an amount of £62,193 (2022: £58,270) owed to Mr L Alderman, director and sole shareholder of the company. Mr Alderman has given an undertaking to support the company and, at present, there is no fixed date for repayment of this loan.