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REGISTERED NUMBER: 14016413 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

LOTTE INVESTMENTS LIMITED

LOTTE INVESTMENTS LIMITED (REGISTERED NUMBER: 14016413)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LOTTE INVESTMENTS LIMITED

Company Information
for the year ended 31 March 2024







Directors: Mrs A F Chapman-Daniel
O Daniel





Registered office: Aissela
46 High Street
Esher
Surrey
KT10 9QY





Registered number: 14016413 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

LOTTE INVESTMENTS LIMITED (REGISTERED NUMBER: 14016413)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Investments 4 5,582,019 5,004,223

Current assets
Debtors 5 4,131 995
Cash at bank 30,622 23,960
34,753 24,955
Creditors
Amounts falling due within one year 6 5,025,824 5,013,845
Net current liabilities (4,991,071 ) (4,988,890 )
Total assets less current liabilities 590,948 15,333

Capital and reserves
Called up share capital 7 100 100
Retained earnings 590,848 15,233
Shareholders' funds 590,948 15,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:





Mrs A F Chapman-Daniel - Director


LOTTE INVESTMENTS LIMITED (REGISTERED NUMBER: 14016413)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Lotte Investments 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.


LOTTE INVESTMENTS LIMITED (REGISTERED NUMBER: 14016413)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

4. Fixed asset investments
Other
investments
£
Cost or valuation
At 1 April 2023 5,004,223
Additions 352,320
Disposals (340,153 )
Revaluations 565,629
At 31 March 2024 5,582,019
Net book value
At 31 March 2024 5,582,019
At 31 March 2023 5,004,223

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£
Valuation in 2023 9,917
Valuation in 2024 519,250
Cost 5,052,852
5,582,019

LOTTE INVESTMENTS LIMITED (REGISTERED NUMBER: 14016413)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


5. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 4,131 995

6. Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors 5,025,824 5,013,845

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
40 Ordinary A £1 40 40
40 Ordinary B £1 40 40
10 Ordinary C £1 10 10
90 90

8. Related party disclosures

Included within Other creditors in Note 6 is an amount of £5,020,396 (2023: £5,010,396) due to the directors of the company.

The amount due to A F Chapman-Daniel is £2,510,198 (2023: £2,505,198) and amount due to O Daniel is £2,510,198 (2023: £2,505,198).

The amounts to both A F Chapman-Daniel and O Daniel are interest free and repayable on demand.