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REGISTERED NUMBER: 08035421 (England and Wales)











Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Lozack Limited

Lozack Limited (Registered number: 08035421)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 10

Lozack Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: S A Mears





REGISTERED OFFICE: 1 Marcher Court
Sealand Road
Chester
Cheshire
CH1 6BS





REGISTERED NUMBER: 08035421 (England and Wales)





ACCOUNTANTS: Crowther Jordan Limited
Chartered Accountants
39 High Street
Wednesfield
Wolverhampton
West Midlands
WV11 1ST

Lozack Limited (Registered number: 08035421)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 68,785 -
Investments 5 72,558 72,556
Investment property 6 2,563,488 1,402,702
2,704,831 1,475,258

CURRENT ASSETS
Debtors 7 169,472 13,709
Cash at bank 1,534,660 81,528
1,704,132 95,237
CREDITORS
Amounts falling due within one year 8 (2,568,978 ) (796,258 )
NET CURRENT LIABILITIES (864,846 ) (701,021 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,839,985 774,237

PROVISIONS FOR LIABILITIES 9 (58,017 ) (41,533 )
NET ASSETS 1,781,968 732,704

CAPITAL AND RESERVES
Called up share capital 10 2 2
Other reserves 213,877 213,877
Retained earnings 1,568,089 518,825
SHAREHOLDERS' FUNDS 1,781,968 732,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Lozack Limited (Registered number: 08035421)

Balance Sheet - continued
29 February 2024


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 and authorised for issue by the director and authorised for issue on 19 September 2024 and were signed by:





S A Mears - Director


Lozack Limited (Registered number: 08035421)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Lozack 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.

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Lozack Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under Financial Reporting Standard 102 not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


Lozack Limited (Registered number: 08035421)

Notes to the Financial Statements - continued
for the Year Ended 29 February 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.

Other operating income
Other operating income represents rental income received. Rental income is recognised when payment is received.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 76,803
At 29 February 2024 76,803
DEPRECIATION
Charge for year 8,018
At 29 February 2024 8,018
NET BOOK VALUE
At 29 February 2024 68,785

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 March 2023 106 72,450 72,556
Additions 2 - 2
At 29 February 2024 108 72,450 72,558
NET BOOK VALUE
At 29 February 2024 108 72,450 72,558
At 28 February 2023 106 72,450 72,556

Lozack Limited (Registered number: 08035421)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Jazz Fashion Publishing Limited
Registered office:
Nature of business: Magazine publishers
%
Class of shares: holding
Ordinary 100.00
29.2.24 28.2.23
£    £   
Aggregate capital and reserves (86,981 ) (28,867 )
Loss for the year (58,114 ) (28,429 )

Jazz Events Limited
Registered office:
Nature of business: Event organisers
%
Class of shares: holding
Ordinary 100.00
29.2.24 28.2.23
£    £   
Aggregate capital and reserves 570,259 449,391
Profit for the year 200,868 149,987

Camper Jam Limited
Registered office:
Nature of business: Event organisers
%
Class of shares: holding
Ordinary 100.00
29.2.24 28.2.23
£    £   
Aggregate capital and reserves 101,685 207,980
Profit for the year 393,705 243,425

Camper Calling Limited
Registered office:
Nature of business: Event organisers
%
Class of shares: holding
Ordinary 100.00
29.2.24 28.2.23
£    £   
Aggregate capital and reserves 790,947 812,189
Profit for the year 543,758 542,398

Lozack Limited (Registered number: 08035421)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. FIXED ASSET INVESTMENTS - continued

Walters Coffee House Limited
Registered office:
Nature of business: Café
%
Class of shares: holding
Ordinary 100.00
29.2.24 28.2.23
£    £   
Aggregate capital and reserves (17,261 ) 5,312
Loss for the year (22,573 ) (21,758 )

The Rookery Leisure Estate Limited
Registered office:
Nature of business: Recreational facilities
%
Class of shares: holding
Ordinary 100.00
29.2.24 28.2.23
£    £   
Aggregate capital and reserves 1 1

Kong Storage Limited
Registered office:
Nature of business: Storage
%
Class of shares: holding
Ordinary 51.00
29.2.24
£   
Aggregate capital and reserves 1

Northern Design Awards Limited
Registered office:
Nature of business: Magazine publishers
%
Class of shares: holding
Ordinary 100.00
29.2.24
£   
Aggregate capital and reserves 1

Lozack Limited (Registered number: 08035421)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 1,402,702
Additions 1,160,786
At 29 February 2024 2,563,488
NET BOOK VALUE
At 29 February 2024 2,563,488
At 28 February 2023 1,402,702

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2015 9,900
Valuation in 2016 20,000
Valuation in 2017 20,000
Valuation in 2018 50,000
Valuation in 2020 25,000
Valuation in 2021 125,000
Cost 2,313,588
2,563,488

Investment property was valued on an open market basis on 3 June 2021 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 18,907 10,778
Other debtors 150,565 2,931
169,472 13,709

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 621 2,474
Amounts owed to group undertakings 2,555,365 774,864
Taxation and social security 475 4,957
Other creditors 12,517 13,963
2,568,978 796,258

Lozack Limited (Registered number: 08035421)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax
Accelerated capital allowances 16,484 -
Other timing differences 41,533 41,533
58,017 41,533

Deferred
tax
£   
Balance at 1 March 2023 41,533
Charge to Income Statement during year 16,484
Balance at 29 February 2024 58,017

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
2 Ordinary £1 2 2

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
S A Mears
Balance outstanding at start of year - -
Amounts advanced 123,193 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 123,193 -

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Lozack Limited

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lozack Limited for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Lozack Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lozack Limited and state those matters that we have agreed to state to the director of Lozack Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lozack Limited and its director for our work or for this report.

It is your duty to ensure that Lozack Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lozack Limited. You consider that Lozack Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lozack Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Crowther Jordan Limited
Chartered Accountants
39 High Street
Wednesfield
Wolverhampton
West Midlands
WV11 1ST


19 September 2024