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REGISTERED NUMBER: SC528756 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Lauder Financial Ltd

Lauder Financial Ltd (Registered number: SC528756)






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

Report of the Accountants 6

Lauder Financial Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P Moore
Ms S Peace
K Thomson





REGISTERED OFFICE: First Floor
The Connal Building
34 West George Street
Glasgow
G2 1DA





REGISTERED NUMBER: SC528756 (Scotland)





ACCOUNTANTS: Key Professional Partnership Ltd
Unit 3
Morris Park
37 Rosyth Road
Glasgow
G5 0YE

Lauder Financial Ltd (Registered number: SC528756)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 918 2,541
Cash at bank 31,344 34,014
32,262 36,555
CREDITORS
Amounts falling due within one year 6 11,037 10,140
NET CURRENT ASSETS 21,225 26,415
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,225

26,415

PROVISIONS FOR LIABILITIES 160 160
NET ASSETS 21,065 26,255

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 21,064 26,254
SHAREHOLDERS' FUNDS 21,065 26,255

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 20 November 2024 and were signed on its behalf by:





Ms S Peace - Director


Lauder Financial Ltd (Registered number: SC528756)

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

1. STATUTORY INFORMATION

Lauder Financial Ltd is a private company, limited by shares , registered in Scotland. 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
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic oflreland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern
The director considers the working capital requirements of the business on a regular basis to ensure that it has sufficient resources to meet obligations as they fall due. Furthermore financial assistance is provided in the form of loan capital from time to time, including the retention of capital to meet the requirement of the FCA Taking all of these factors in to account the director is of the view that the company has sufficient requirements over the next year and as such has prepared accounts on a going concern basis.

Whilst no business is immune from the impact of the Covid 19 virus, business activities have continued and are expected to continue albeit on a basis that involves working remotely from clients. The director is of the view that this arrangement can continue for the foreseeable future.

Fees and commissions earned
Fees and commissions earned comprise the fair value of the consideration received or receivable for the sale of goods and rendering of services in the ordinary course of the company's activities.

Fees and commissions are presented, net of value-added tax, rebates, discounts and shared commission.

The company recognises revenue when the amount of revenue and related cost can be reliably measured, it is probable that the collectability of the related receivables is reasonably assured and when the specific criteria for each of the company's activities are met Commissions received on an indemnity basis are recognised over the earning period to which it relates.

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.
Computer equipment - 25% on cost

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.


Lauder Financial Ltd (Registered number: SC528756)

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

2. ACCOUNTING POLICIES - continued
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.

Going concern
The director considers the working capital requirements of the business on a regular basis to ensure that it has sufficient resources to meet obligations as they fall due. Furthermore financial assistance is provided in the form of loan capital from time to time, including the retention of capital to meet the requirement of the FCA. Taking all of these factors in to account the director is of the view that the company has sufficient requirements over the next year and as such has prepared accounts on a going concern basis.

Fees and commissions earned
Fees and commissions earned comprise the fair value of the consideration received or receivable for the sale of goods and rendering of services in the ordinary course of the company's activities.
Fees and commissions are presented, net of value-added tax, rebates, discounts and shared commission.

The company recognises revenue when the amount of revenue and related cost can be reliably measured, it is probable that the collectability of the related receivables is reasonably assured and when the specific criteria for each of the company's activities are met. Commissions received on an indemnity basis are recognised over the earning period to which it relates

Financial instruments
Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality. The company has two main categories of financial instruments, which are loans and other receivables and other financial liabilities:
Loans and other receivables
Loans and other receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Upon recognition, these assets are measured at fair value less directly related transaction expenses. In successive periods these are measured at amortised cost, and any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value less any allowance for credit losses.

Other financial liabilities
Other financial liabilities are recognised initially at fair value, net of transaction costs incurred. In successive periods these are measured at amortised cost. Any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value.

Impairment of financial instruments
A provision for impairment is established when there is objective evidence that, as a result of one or more events that occurred after the initial recognition, the estimated future cash flows have been impacted.

Impairment of fixed assets
At each reporting date, the company reviews the carrying amounts of its tangible and intangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the amount of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs

Lauder Financial Ltd (Registered number: SC528756)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS

Fixed assets held at year-end have been fully written off due to the change in ownership after year-end.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 918 918
Other debtors - 1,623
918 2,541

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - (1 )
Taxation and social security 9,151 9,407
Other creditors 1,886 734
11,037 10,140

Lauder Financial Ltd

Report of the Accountants to the Directors of
Lauder Financial Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Key Professional Partnership Ltd
Unit 3
Morris Park
37 Rosyth Road
Glasgow
G5 0YE


20 November 2024