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REGISTERED NUMBER: 02035540 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Lurot Brand (2) Limited

Lurot Brand (2) Limited (Registered number: 02035540)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lurot Brand (2) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs K S Lurot
Mrs M Stevenson
Mrs M J Swallow





SECRETARY: J Arwas





REGISTERED OFFICE: 37-41 Sussex Place
Paddington
London
W2 2TH





REGISTERED NUMBER: 02035540 (England and Wales)





ACCOUNTANTS: Latham Lambourne Ltd
18 Woodlands Park
Bexley
Kent
DA5 2EL

Lurot Brand (2) Limited (Registered number: 02035540)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 53,216 52,750
Investments 6 53,204 31,467
106,420 84,217

CURRENT ASSETS
Debtors 7 96,250 135,853
Cash at bank 42,613 350,300
138,863 486,153
CREDITORS
Amounts falling due within one year 8 64,864 116,262
NET CURRENT ASSETS 73,999 369,891
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,419

454,108

CREDITORS
Amounts falling due after more than one
year

9

(87,728

)

(97,618

)

PROVISIONS FOR LIABILITIES (73 ) (73 )
NET ASSETS 92,618 356,417

CAPITAL AND RESERVES
Called up share capital 1,017 1,226
Share premium 5,463 12,766
Other reserves 209 -
Retained earnings 85,929 342,425
SHAREHOLDERS' FUNDS 92,618 356,417

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Lurot Brand (2) Limited (Registered number: 02035540)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





Mrs K S Lurot - Director


Lurot Brand (2) Limited (Registered number: 02035540)

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

1. STATUTORY INFORMATION

Lurot Brand (2) 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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced commission on sales, valuation and other fees, excluding value added tax.

Goodwill
Goodwill has been fully amortised in previous years.


Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - at varying rates on cost
Plant and machinery etc - 33% on reducing balance and in accordance with the property

In the opinion of the director's the leasehold properties are consistently maintained to a high standard and the properties will appreciate in value for a number of years. Depreciation has, however, been included as required by FRS102

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

Lurot Brand (2) Limited (Registered number: 02035540)

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

2. ACCOUNTING POLICIES - continued

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.

Consolidation
The company and it's subsidiary company comprise a small group. The company has therefore taken advantage of the exemption provided by Section 248 of the Companies Act 1985 not to prepare group accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 660
AMORTISATION
At 1 January 2023
and 31 December 2023 660
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 107,086 253,629 360,715
Additions - 16,813 16,813
At 31 December 2023 107,086 270,442 377,528
DEPRECIATION
At 1 January 2023 98,821 209,144 307,965
Charge for year 2,222 14,125 16,347
At 31 December 2023 101,043 223,269 324,312
NET BOOK VALUE
At 31 December 2023 6,043 47,173 53,216
At 31 December 2022 8,265 44,485 52,750

Lurot Brand (2) Limited (Registered number: 02035540)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 (3,214 )
Revaluations 21,737
At 31 December 2023 18,523
PROVISIONS
At 1 January 2023
and 31 December 2023 (34,681 )
NET BOOK VALUE
At 31 December 2023 53,204
At 31 December 2022 31,467

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2023 21,737
Cost (3,214 )
18,523

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 39,399 60,920
Other debtors 56,851 74,933
96,250 135,853

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 20,226 29,852
Taxation and social security 26,552 68,609
Other creditors 7,438 7,153
64,864 116,262

Lurot Brand (2) Limited (Registered number: 02035540)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 14,302 24,192
Amounts owed to group undertakings 73,426 73,426
87,728 97,618

10. OTHER FINANCIAL COMMITMENTS

The company has entered in to various leases for properties, ending (but renewable) at various intervals ranging from five years to eight years from the year end. The total commitment for next year is £100,400, with a minimum payable for the next following year of £83,900. A minimum of a total of £142,000 is payable from then to the end of the lease terms.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mrs K S Lurot
Balance outstanding at start of year 8,629 8,629
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,629 8,629

12. RELATED PARTY DISCLOSURES

The company is controlled by the directors by virtue of their shareholdings in the company.

The controlling party is The estate of A Lurot.