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REGISTERED NUMBER: 07493628 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

LOTAME SOLUTIONS INTERNATIONAL LIMITED

LOTAME SOLUTIONS INTERNATIONAL LIMITED (REGISTERED NUMBER: 07493628)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LOTAME SOLUTIONS INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







Director: A H Monfried





Registered office: Suite 2 First Floor
10 Temple Back
Bristol
BS1 6FL





Registered number: 07493628 (England and Wales)





Auditors: Mark Arber Limited
Statutory Auditors
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

LOTAME SOLUTIONS INTERNATIONAL LIMITED (REGISTERED NUMBER: 07493628)

BALANCE SHEET
31 DECEMBER 2022

31/12/22 31/12/21
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,890 5,720

CURRENT ASSETS
Debtors 5 522,926 350,663
Cash at bank 124,225 106,173
647,151 456,836
CREDITORS
Amounts falling due within one year 6 (151,259 ) (43,515 )
NET CURRENT ASSETS 495,892 413,321
TOTAL ASSETS LESS CURRENT
LIABILITIES

502,782

419,041

PROVISIONS FOR LIABILITIES - (653 )
NET ASSETS 502,782 418,388

CAPITAL AND RESERVES
Called up share capital 1 1
Other reserves 236,876 -
Retained earnings 265,905 418,387
502,782 418,388

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 12 April 2024 and were signed by:





A H Monfried - Director


LOTAME SOLUTIONS INTERNATIONAL LIMITED (REGISTERED NUMBER: 07493628)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Lotame Solutions International 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.

The financial statements are prepared in sterling , which is the functional currency of the company.
Monetary a mounts in these financial statements are rounded to the nearest £.

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.

These financial statements have been drawn up on the going concern basis. The company is dependent upon the support of its parent company, and only customer, in order to meet its working capital requirements. The parent company has provided assurances that this support will continue for a period that exceeds twelve months from the date of approval of these financial statements

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.

Computer Equipments- 33% on cost
Leasehold improvement- 33% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

LOTAME SOLUTIONS INTERNATIONAL LIMITED (REGISTERED NUMBER: 07493628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

2. ACCOUNTING POLICIES - continued

Share-based payments
The employees of the company are entitled to participate in the group share based compensation scheme. Cost is recognised in these financial statements based on the fair value of the awards at the date of grant, amortized over any vesting period that may apply. The company has taken the exemption provided in FRS 102 Section 1.12D not to disclose details of share-based payment arrangements concerning equity instruments of another group entity.

Related party disclosures
The company has taken the exemption provided by FFRS 102 Section 33.1A not to disclose related party transactions with wholly owned subsidiaries within the group.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2021 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 January 2022 31,449 27,133 58,582
Additions - 5,624 5,624
At 31 December 2022 31,449 32,757 64,206
Depreciation
At 1 January 2022 31,449 21,413 52,862
Charge for year - 4,454 4,454
At 31 December 2022 31,449 25,867 57,316
Net book value
At 31 December 2022 - 6,890 6,890
At 31 December 2021 - 5,720 5,720

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/22 31/12/21
£    £   
Amounts owed by group undertakings 387,696 210,109
Other debtors 135,230 140,554
522,926 350,663

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/22 31/12/21
£    £   
Trade creditors 6,899 1,310
Taxation and social security 30,007 24,828
Other creditors 114,353 17,377
151,259 43,515

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Arber (Senior Statutory Auditor)
for and on behalf of Mark Arber Limited

LOTAME SOLUTIONS INTERNATIONAL LIMITED (REGISTERED NUMBER: 07493628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

8. ULTIMATE CONTROLLING PARTY

Lotame Solutions, Inc (incorporated in United States of America) is regarded by the director as being the company's ultimate parent company.