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REGISTERED NUMBER: 14615558 (England and Wales)















Unaudited Financial Statements

for the Period 25 January 2023 to 31 March 2024

for

Lola May Ltd

Lola May Ltd (Registered number: 14615558)






Contents of the Financial Statements
for the Period 25 January 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lola May Ltd

Company Information
for the Period 25 January 2023 to 31 March 2024







DIRECTOR: Miss L M Massingham





SECRETARY: T W Massingham





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





REGISTERED NUMBER: 14615558 (England and Wales)





ACCOUNTANTS: RWB Tax Consultants Limited
G8 Lynch Lane Offices
79 Lynch Lane
Weymouth
Dorset
DT4 9DN

Lola May Ltd (Registered number: 14615558)

Balance Sheet
31 March 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 2,592

CURRENT ASSETS
Cash at bank 12

CREDITORS
Amounts falling due within one year 5 33,874
NET CURRENT LIABILITIES (33,862 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(31,270

)

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (31,370 )
SHAREHOLDERS' FUNDS (31,270 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 24 October 2024 and were signed by:





Miss L M Massingham - Director


Lola May Ltd (Registered number: 14615558)

Notes to the Financial Statements
for the Period 25 January 2023 to 31 March 2024

1. STATUTORY INFORMATION

Lola May Ltd 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.

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

Taxation
Taxation for the period 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 period 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.

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.

Going concern
At 31 March 2024, the company had a negative balance sheet 2024 - £-31,270. The accounts have been prepared on a going concern basis because the director will continue to support the company by not drawing down the directors loan account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

Lola May Ltd (Registered number: 14615558)

Notes to the Financial Statements - continued
for the Period 25 January 2023 to 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 3,869
At 31 March 2024 3,869
DEPRECIATION
Charge for period 1,277
At 31 March 2024 1,277
NET BOOK VALUE
At 31 March 2024 2,592

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 531
Other creditors 33,343
33,874

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss L M Massingham.