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Registered Number: 11652013
England and Wales

 

 

 


Report of the Directors and Unaudited Financial Statements

for the year ended 31 October 2023

for

LANTERNA135 LIMITED

 
 
Notes
 
2023
£
  2022
£
Fixed assets
Intangible fixed assets 2 2,775    6,307 
Tangible fixed assets 3 506    3,929 
3,281    10,236 
 
Current assets
Inventories 4 2,000    2,000 
Debtors 5 23,598    15,994 
Cash at bank and in hand 4,669    17,748 
30,267    35,742 
Creditors: amount falling due within one year 6 (205,234)   (130,814)
Net current assets (174,967)   (95,072)
 
Total assets less current liabilities (171,686)   (84,836)
Net assets (171,686)   (84,836)
 

Capital and reserves
Called up share capital 200    200 
Share premium account 7 99,970    99,970 
Profit and loss account 8 (271,856)   (185,006)
Shareholders fund (171,686)   (84,836)
 
For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors:


----------------------------------
Antonio Emmanouilidis
Director

Date approved: 26 August 2024
1
Statutory Information
LANTERNA135 LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 11652013, registration address 98 Richmond Road, Brighton, England, BN2 3RN, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when payment is received oppose to when the services are delivered.
Going Concern
It is appropriate to produce the financial statements on a going concern basis as the company is dependent upon the financial support of it's director. For the foreseeable future the director has confirmed that they will continue to support the company to ensure it will continue to meet it's liabilities as they fall due and ensure the business can continue to facilitate it's ability to trade.
Intangible assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation
Tangible fixed assets
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
2.

Intangible fixed assets

Cost or Valuation Other - 1   Total
  £   £
At 01 November 2022 17,660    17,660 
Additions  
Disposals  
At 31 October 2023 17,660    17,660 
Amortisation
At 01 November 2022 11,353    11,353 
Charge for year 3,532    3,532 
On disposals  
At 31 October 2023 14,885    14,885 
Net book values
At 31 October 2023 2,775    2,775 
At 31 October 2022 6,307    6,307 

3.

Tangible fixed assets

Cost or Valuation Improvements to property   Plant and machinery   Fixtures and fittings   Computer equipment   Total
  £   £   £   £   £
At 01 November 2022 15,585    7,738    18,339    958    42,620 
Additions       32    32 
Disposals        
At 31 October 2023 15,585    7,738    18,339    990    42,652 
Depreciation
At 01 November 2022 13,691    7,579    17,128    293    38,691 
Charge for year 1,894    159    1,211    191    3,455 
On disposals        
At 31 October 2023 15,585    7,738    18,339    484    42,146 
Net book values
Closing balance as at 31 October 2023       506    506 
Opening balance as at 01 November 2022 1,894    159    1,211    665    3,929 

4.

Inventories

2023
£
  2022
£
Finished goods 2,000    2,000 
2,000    2,000 
5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Rent Deposit 12,000    12,000 
Amex Credit Card   (173)
Prepayments   4,167 
Vat 11,598   
23,598    15,994 
6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade creditors 438    916 
Other creditors   (2)
Pension Payable 370    381 
Wages & salaries control account 2,968   
Cash Account 258   
Barclaycard  
Directors' current accounts 200,957    129,293 
Social security & other tax 241    226 
205,234    130,814 
7.

Share premium account

2023
£
  2022
£
Share premium brought forward 99,970    99,970 
99,970    99,970 
8.

Profit and loss account

  2023
£
Balance at 01 November 2022 (185,006)
Loss for the year (86,850)
Balance at 31 October 2023 (271,856)

9.

Average number of employees

Average number of employees during the year was 10  (2022: 10).
2