Lozenge Management Limited 07491323 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is letting and operating of leased real estate Digita Accounts Production Advanced 6.30.9574.0 true true 07491323 2022-09-01 2023-08-31 07491323 2023-08-31 07491323 bus:OrdinaryShareClass1 2023-08-31 07491323 core:CurrentFinancialInstruments 2023-08-31 07491323 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 07491323 core:FurnitureFittingsToolsEquipment 2023-08-31 07491323 bus:SmallEntities 2022-09-01 2023-08-31 07491323 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 07491323 bus:FilletedAccounts 2022-09-01 2023-08-31 07491323 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 07491323 bus:RegisteredOffice 2022-09-01 2023-08-31 07491323 bus:Director1 2022-09-01 2023-08-31 07491323 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 07491323 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 07491323 countries:England 2022-09-01 2023-08-31 07491323 2022-08-31 07491323 core:FurnitureFittingsToolsEquipment 2022-08-31 07491323 2021-09-01 2022-08-31 07491323 2022-08-31 07491323 bus:OrdinaryShareClass1 2022-08-31 07491323 core:CurrentFinancialInstruments 2022-08-31 07491323 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07491323

Lozenge Management Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 August 2023

 

Lozenge Management Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Lozenge Management Limited

Company Information

Director

Mr Alan James Fall

Registered office

Rectory House Church Lane
Warfield
Bracknell
Berkshire
RG42 6EE

Accountants

Morren Accountancy Limited
Unit B Broad Oak Business Park
Redbrook Maelor
Whitchurch
Shropshire
SY13 3AQ

 

Lozenge Management Limited

(Registration number: 07491323)
Abridged Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Current assets

 

Debtors

5

87,821

9,296

Cash at bank and in hand

 

-

136,973

 

87,821

146,269

Creditors: Amounts falling due within one year

(10,933)

(108,625)

Net assets

 

76,888

37,644

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

76,887

37,643

Shareholders' funds

 

76,888

37,644

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

Director's 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 director acknowledges his 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 October 2024
 

.........................................
Mr Alan James Fall
Director

 

Lozenge Management Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2023

1

General information

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

The address of its registered office is:
Rectory House Church Lane
Warfield
Bracknell
Berkshire
RG42 6EE
England

These financial statements were authorised for issue by the director on 23 October 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 abridged 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 abridged 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Lozenge Management Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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:

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 debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

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.

 

Lozenge Management Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2022

1,220

1,220

At 31 August 2023

1,220

1,220

Depreciation

At 1 September 2022

1,220

1,220

At 31 August 2023

1,220

1,220

Carrying amount

At 31 August 2023

-

-

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1