Lomair Capital Limited 11630873 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is property investment Digita Accounts Production Advanced 6.30.9574.0 true true 11630873 2022-06-01 2023-05-31 11630873 2023-05-31 11630873 bus:OrdinaryShareClass1 2023-05-31 11630873 bus:OrdinaryShareClass2 2023-05-31 11630873 core:CurrentFinancialInstruments 2023-05-31 11630873 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 11630873 core:FurnitureFittingsToolsEquipment 2023-05-31 11630873 bus:SmallEntities 2022-06-01 2023-05-31 11630873 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 11630873 bus:FilletedAccounts 2022-06-01 2023-05-31 11630873 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 11630873 bus:RegisteredOffice 2022-06-01 2023-05-31 11630873 bus:Director1 2022-06-01 2023-05-31 11630873 bus:Director2 2022-06-01 2023-05-31 11630873 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 11630873 bus:OrdinaryShareClass2 2022-06-01 2023-05-31 11630873 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 11630873 core:FurnitureFittings 2022-06-01 2023-05-31 11630873 core:LandBuildings 2022-06-01 2023-05-31 11630873 countries:England 2022-06-01 2023-05-31 11630873 2022-05-31 11630873 core:FurnitureFittingsToolsEquipment 2022-05-31 11630873 2021-06-01 2022-05-31 11630873 2022-05-31 11630873 bus:OrdinaryShareClass1 2022-05-31 11630873 bus:OrdinaryShareClass2 2022-05-31 11630873 core:CurrentFinancialInstruments 2022-05-31 11630873 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2022-05-31 11630873 core:FurnitureFittingsToolsEquipment 2022-05-31 11630873 core:PreviouslyStatedAmount 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11630873

Lomair Capital Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2023

 

Lomair Capital Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Lomair Capital Limited

Company Information

Directors

Mr Oisin Henry Gibson

Mr John Oliver Gill

Registered office

Silver Rose Unit 21 East Lodge Village
East Lodge Lane
Enfield
EN2 8AS

Accountants

Paul Winston Limited
Silver Rose Unit 21
East Lodge Village
East Lodge Lane
Enfield
EN2 8AS

 

Lomair Capital Limited

(Registration number: 11630873)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

fixed assets

 

tangible assets

4

2,414

2,414

Investment property

5

156,457

156,457

 

158,871

158,871

Current assets

 

Cash at bank and in hand

 

44,058

44,058

Creditors: Amounts falling due within one year

6

(207,380)

(207,380)

Net current liabilities

 

(163,322)

(163,322)

Net liabilities

 

(4,451)

(4,451)

capital and reserves

 

Called up share capital

7

100

100

Profit and loss account

(4,551)

(4,551)

Shareholders' deficit

 

(4,451)

(4,451)

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Lomair Capital Limited

(Registration number: 11630873)
Balance Sheet as at 31 May 2023

Approved and authorised by the Board on 30 August 2024 and signed on its behalf by:
 

.........................................
Mr Oisin Henry Gibson
Director

.........................................
Mr John Oliver Gill
Director

 

Lomair Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Silver Rose Unit 21 East Lodge Village
East Lodge Lane
Enfield
EN2 8AS
United Kingdom

These financial statements were authorised for issue by the Board on 30 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

market value

Fixtures and fittings

25% net book value

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Lomair Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

Lomair Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2022

3,218

3,218

At 31 May 2023

3,218

3,218

Depreciation

At 1 June 2022

804

804

At 31 May 2023

804

804

Carrying amount

At 31 May 2023

2,414

2,414

At 31 May 2022

2,414

2,414

5

Investment properties

2023
£

At 1 June

156,457

At 31 May

156,457

There has been no valuation of investment property by an independent valuer.

 

Lomair Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

8

131,230

131,230

Other creditors

 

38,000

38,000

Directors' loan accounts

 

38,150

38,150

 

207,380

207,380

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary O of £1 each

50

50

50

50

Ordinary J of £1 each

50

50

50

50

100

100

100

100

8

Loans and borrowings

Current loans and borrowings

2023
£

2022
£

Bank borrowings

131,230

131,230

9

Dividends