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REGISTERED NUMBER: 02414907 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Lotmod Limited

Lotmod Limited (Registered number: 02414907)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lotmod Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: A Beagley





SECRETARY: Mrs N Beagley





REGISTERED OFFICE: Unit 9 The Ashway Centre
Elm Crescent
Kingston Upon Thames
London
KT2 6HH





REGISTERED NUMBER: 02414907 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Lotmod Limited (Registered number: 02414907)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,598 10,504
Investments 5 1 1
Investment property 6 293,028 293,028
301,627 303,533

CURRENT ASSETS
Stocks 280,000 280,000
Debtors 7 35,993 55,026
Cash at bank 314,402 759,166
630,395 1,094,192
CREDITORS
Amounts falling due within one year 8 518,889 750,453
NET CURRENT ASSETS 111,506 343,739
TOTAL ASSETS LESS CURRENT
LIABILITIES

413,133

647,272

PROVISIONS FOR LIABILITIES 11 5,466 5,828
NET ASSETS 407,667 641,444

CAPITAL AND RESERVES
Called up share capital 12 10 10
Fair value reserve 13 32,028 32,028
Retained earnings 375,629 609,406
SHAREHOLDERS' FUNDS 407,667 641,444

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

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

Lotmod Limited (Registered number: 02414907)

Balance Sheet - continued
31 July 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 director and authorised for issue on 6 February 2024 and were signed by:





A Beagley - Director


Lotmod Limited (Registered number: 02414907)

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


1. STATUTORY INFORMATION

Lotmod 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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.


Lotmod Limited (Registered number: 02414907)

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


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2022 - 35 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 45,716 30,396 29,603 105,715
DEPRECIATION
At 1 August 2022 45,220 23,183 26,808 95,211
Charge for year 124 1,083 699 1,906
At 31 July 2023 45,344 24,266 27,507 97,117
NET BOOK VALUE
At 31 July 2023 372 6,130 2,096 8,598
At 31 July 2022 496 7,213 2,795 10,504

Lotmod Limited (Registered number: 02414907)

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


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2022
and 31 July 2023 1
NET BOOK VALUE
At 31 July 2023 1
At 31 July 2022 1

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 293,028
NET BOOK VALUE
At 31 July 2023 293,028
At 31 July 2022 293,028

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors - 3,196
Amounts owed by group undertakings - 21,000
Other debtors 35,993 30,830
35,993 55,026

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 423,708 603,843
Taxation and social security 43,466 52,070
Other creditors 51,715 94,540
518,889 750,453

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.23 31.7.22
£    £   
Within one year 55,700 55,700
Between one and five years 120,683 176,383
176,383 232,083

Lotmod Limited (Registered number: 02414907)

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


10. SECURED DEBTS

The company has allowed a fixed and floating charge over the company's assets as security for the bank.

11. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax 5,466 5,828

Deferred
tax
£   
Balance at 1 August 2022 5,828
Accelerated capital allowances (362 )
Balance at 31 July 2023 5,466

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
10 Ordinary £1 10 10

13. RESERVES
Fair
value
reserve
£   
At 1 August 2022
and 31 July 2023 32,028