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REGISTERED NUMBER: 04236999 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Loyalty Management Limited

Loyalty Management Limited (Registered number: 04236999)






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


Loyalty Management Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: T Gardner





REGISTERED OFFICE: Unit 1
Thorpe Court
Delta Way
Egham
Surrey
TW20 8RX





REGISTERED NUMBER: 04236999 (England and Wales)





ACCOUNTANTS: Bristow Burrell
4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX

Loyalty Management Limited (Registered number: 04236999)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 35,805 36,047
Investments 6 200 18,500
Investment property 7 1,332,727 1,288,828
1,368,732 1,343,375

CURRENT ASSETS
Debtors 8 1,023,412 823,656
Cash at bank 4,525 2,858
1,027,937 826,514
CREDITORS
Amounts falling due within one
year

9

284,797

166,238
NET CURRENT ASSETS 743,140 660,276
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,111,872

2,003,651

CREDITORS
Amounts falling due after more
than one year

10

(818,986

)

(797,919

)

PROVISIONS FOR LIABILITIES (93,038 ) (96,341 )
NET ASSETS 1,199,848 1,109,391

CAPITAL AND RESERVES
Called up share capital 310 110
Fair value reserve 12 377,323 377,323
Retained earnings 822,215 731,958
SHAREHOLDERS' FUNDS 1,199,848 1,109,391

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 director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 September 2024 and were signed by:



T Gardner - Director


Loyalty Management Limited (Registered number: 04236999)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Loyalty Management 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Loyalty Management Limited (Registered number: 04236999)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 137,990 61,404 199,394
Additions 6,601 2,691 9,292
At 31 March 2024 144,591 64,095 208,686
DEPRECIATION
At 1 April 2023 104,739 58,608 163,347
Charge for year 8,406 1,128 9,534
At 31 March 2024 113,145 59,736 172,881
NET BOOK VALUE
At 31 March 2024 31,446 4,359 35,805
At 31 March 2023 33,251 2,796 36,047

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 18,500
Additions 200
Disposals (18,500 )
At 31 March 2024 200
NET BOOK VALUE
At 31 March 2024 200
At 31 March 2023 18,500

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,288,828
Additions 43,899
At 31 March 2024 1,332,727
NET BOOK VALUE
At 31 March 2024 1,332,727
At 31 March 2023 1,288,828

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2016 450,000
Valuation in 2020 798,193
Valuation in 2021 31,835
Valuation in 2022 8,800
Valuation in 2024 43,899
1,332,727

Loyalty Management Limited (Registered number: 04236999)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 9,083 3,227
Other debtors 1,014,329 820,429
1,023,412 823,656

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 19,273 36,438
Trade creditors 31,916 25,895
Taxation and social security 69,804 98,997
Other creditors 163,804 4,908
284,797 166,238

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 818,986 797,919

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 762,000 650,401

11. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 838,259 834,327

The bank loans are secured by way of legal charge over the freehold property of the company.

12. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 377,323

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr T J Gardner.