REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 |
FOR |
LDSD LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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 |
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 |
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 |
Turnover |
Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration. |
Tangible fixed assets |
Improvements to property | - |
Fixtures and fittings | - |
Computer equipment | - |
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 |
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 |
Additions |
At 31 December 2022 |
DEPRECIATION |
At 1 January 2022 |
Charge for year |
At 31 December 2022 |
NET BOOK VALUE |
At 31 December 2022 |
At 31 December 2021 |
4. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 January 2022 |
and 31 December 2022 |
NET BOOK VALUE |
At 31 December 2022 |
At 31 December 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
as restated |
£ | £ |
Trade debtors |
Amounts owed by associates |
Other debtors |
Directors' loan accounts | - | 82,478 |
Prepayments and accrued income |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
as restated |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to associates | 188,949 | 223,771 |
Tax |
VAT | 176,529 | 122,640 |
Directors' loan accounts | 66 | - |
Accrued expenses |
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 |
Bank loans - 2-5 years |
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 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) |
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. |