Registered number
13757836
Lovetta Investments Limited
Report and Financial Statements
30 November 2023
Lovetta Investments Limited
Registered number: 13757836
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £ £ £
Fixed assets
Tangible assets 3 32,733 20,244
Current assets
Debtors 4 2,651 18,047
Cash at bank and in hand 2,077 6,384
4,728 24,431
Creditors: amounts falling due within one year 5 (2,086) (16,299)
Net current assets 2,642 8,132
Total assets less current liabilities 35,375 28,376
Creditors: amounts falling due after more than one year 6 (1,015) (8,364)
Net assets 34,360 20,012
Capital and reserves
Called up share capital 100 100
Profit and loss account 34,260 19,912
Shareholder's funds 34,360 20,012
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T W Gowie
Director
Approved by the board on 27 August 2024
Lovetta Investments Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and Machinery Total
£ £
Cost
At 1 December 2022 23,816 23,816
Additions 18,265 18,265
At 30 November 2023 42,081 42,081
Depreciation
At 1 December 2022 3,572 3,572
Charge for the year 5,776 5,776
At 30 November 2023 9,348 9,348
Net book value
At 30 November 2023 32,733 32,733
At 30 November 2022 20,244 20,244
4 Debtors 2023 2022
£ £
Trade debtors 2,400 17,854
Other debtors 251 193
2,651 18,047
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 10,428
Corporation tax 358 -
Other taxes and social security costs 528 653
Other creditors 1,200 5,218
2,086 16,299
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 1,015 8,364
1,015 8,364
7 Other information
Lovetta Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
3rd Floor
City Reach
5 Greenwich View Place
London
E14 9NN
Lovetta Investments Limited 13757836 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts April 2024 T W Gowie No description of principal activity 13757836 2021-09-22 2022-11-30 13757836 core:WithinOneYear 2022-11-30 13757836 core:AfterOneYear 2022-11-30 13757836 core:ShareCapital 2022-11-30 13757836 core:RetainedEarningsAccumulatedLosses 2022-11-30 13757836 2022-12-01 2023-11-30 13757836 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13757836 bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 13757836 bus:Director40 2022-12-01 2023-11-30 13757836 1 2022-12-01 2023-11-30 13757836 2 2022-12-01 2023-11-30 13757836 core:LandBuildings 2022-12-01 2023-11-30 13757836 countries:England 2022-12-01 2023-11-30 13757836 bus:FRS102 2022-12-01 2023-11-30 13757836 bus:FilletedAccounts 2022-12-01 2023-11-30 13757836 2023-11-30 13757836 core:WithinOneYear 2023-11-30 13757836 core:AfterOneYear 2023-11-30 13757836 core:ShareCapital 2023-11-30 13757836 core:RetainedEarningsAccumulatedLosses 2023-11-30 13757836 core:LandBuildings 2023-11-30 13757836 2022-11-30 13757836 core:LandBuildings 2022-11-30 iso4217:GBP xbrli:pure