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REGISTERED NUMBER: 03710685 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LONA (U.K.) LIMITED

LONA (U.K.) LIMITED (REGISTERED NUMBER: 03710685)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


LONA (U.K.) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs T Shamash
Mr S Shamash
Mr A Shamash





REGISTERED OFFICE: 415 Centennial Park
Centennial Avenue
Elstree
Hertfordshire
WD6 3TN





REGISTERED NUMBER: 03710685 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

LONA (U.K.) LIMITED (REGISTERED NUMBER: 03710685)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,958 7,150
Investments 5 191,983 191,983
201,941 199,133

CURRENT ASSETS
Stocks 6 413,897 430,226
Debtors 7 655,537 551,357
Cash at bank and in hand 427,470 476,254
1,496,904 1,457,837
CREDITORS
Amounts falling due within one year 8 263,797 195,519
NET CURRENT ASSETS 1,233,107 1,262,318
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,435,048

1,461,451

CAPITAL AND RESERVES
Called up share capital 1,428 1,428
Share premium 191,555 191,555
Retained earnings 1,242,065 1,268,468
SHAREHOLDERS' FUNDS 1,435,048 1,461,451

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





Mr A Shamash - Director


LONA (U.K.) LIMITED (REGISTERED NUMBER: 03710685)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Lona (U.K.) 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33.33% on reducing balance

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in the year are translated at the rate ruling at the transaction date. Exchange differences are taken into account in arriving at the operating result.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 7 ) .

LONA (U.K.) LIMITED (REGISTERED NUMBER: 03710685)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 26,829 19,536 46,365
Additions 4,218 1,748 5,966
At 31 March 2024 31,047 21,284 52,331
DEPRECIATION
At 1 April 2023 21,957 17,258 39,215
Charge for year 1,818 1,340 3,158
At 31 March 2024 23,775 18,598 42,373
NET BOOK VALUE
At 31 March 2024 7,272 2,686 9,958
At 31 March 2023 4,872 2,278 7,150

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 191,983
NET BOOK VALUE
At 31 March 2024 191,983
At 31 March 2023 191,983

6. STOCKS
2024 2023
£    £   
Stocks 413,897 430,226

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 51,697 114,631
Amounts owed by group undertakings 518,953 356,953
Other debtors 84,887 79,773
655,537 551,357

LONA (U.K.) LIMITED (REGISTERED NUMBER: 03710685)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 31,874 14,066
Taxation and social security 56,868 70,637
Other creditors 175,055 110,816
263,797 195,519

9. RELATED PARTY DISCLOSURES

During the period under review, the company sold goods and provision of other services amounting to £518,953 (2023:£356,953) to its subsidiary company, Rich Imperial Limited. These transactions were held at an arms length basis.

10. ULTIMATE CONTROLLING PARTY

During the period under review, the company was not under the control of any one individual.