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Registered number: 12912432
Loko Space Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Wizz Accounting Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12912432
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 397 407
Investment Properties 5 217,298 214,995
217,695 215,402
CURRENT ASSETS
Cash at bank and in hand 1,335 648
1,335 648
Creditors: Amounts Falling Due Within One Year 6 (240,305 ) (242,705 )
NET CURRENT ASSETS (LIABILITIES) (238,970 ) (242,057 )
TOTAL ASSETS LESS CURRENT LIABILITIES (21,275 ) (26,655 )
NET LIABILITIES (21,275 ) (26,655 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (21,375 ) (26,755 )
SHAREHOLDERS' FUNDS (21,275) (26,655)
Page 1
Page 2
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ka Chan
Director
14 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Loko Space Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12912432 . The registered office is 124 City Road, London, EC1V 2NX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings depreciated over 4 years on a straight line basis.
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 October 2023 815
Additions 258
As at 30 September 2024 1,073
Depreciation
As at 1 October 2023 408
Provided during the period 268
As at 30 September 2024 676
...CONTINUED
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Page 4
Net Book Value
As at 30 September 2024 397
As at 1 October 2023 407
5. Investment Property
2024
£
Fair Value
As at 1 October 2023 214,995
Additions 2,303
As at 30 September 2024 217,298
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 634 -
Directors' loan accounts 239,671 242,705
240,305 242,705
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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