Company Registration No. 12614206 (England and Wales)
LEMON LANE LTD
Unaudited accounts
for the year ended 31 May 2024
LEMON LANE LTD
Unaudited accounts
Contents
LEMON LANE LTD
Company Information
for the year ended 31 May 2024
Directors
Lucy Francis
Jade Howgrave-Graham
Rachel Capell
Company Number
12614206 (England and Wales)
Registered Office
167-169 GREAT PORTLAND STREET
London
London
W1W 5PF
United Kingdom
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
LEMON LANE LTD
for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of LEMON LANE LTD for the year ended 31 May 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of LEMON LANE LTD, as a body, in accordance with the terms of our engagement letter dated 30 March 2021. Our work has been undertaken solely to prepare for your approval the accounts of LEMON LANE LTD and state those matters that we have agreed to state to the Board of Directors of LEMON LANE LTD, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LEMON LANE LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that LEMON LANE LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of LEMON LANE LTD. You consider that LEMON LANE LTD 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 accounts of LEMON LANE LTD. 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 accounts.
Member in Practice
11 November 2024
LEMON LANE LTD
Statement of financial position
as at 31 May 2024
Tangible assets
6,221
5,631
Cash at bank and in hand
2,968,068
1,461,811
Creditors: amounts falling due within one year
(3,462,420)
(1,304,445)
Net current assets
791,956
446,703
Net assets
798,177
452,334
Called up share capital
3,000
3,000
Profit and loss account
795,177
449,334
Shareholders' funds
798,177
452,334
For the year ending 31 May 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by
Lucy Francis
Director
Company Registration No. 12614206
LEMON LANE LTD
Notes to the Accounts
for the year ended 31 May 2024
LEMON LANE LTD is a private company, limited by shares, registered in England and Wales, registration number 12614206. The registered office is 167-169 GREAT PORTLAND STREET, London, London, W1W 5PF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
1,484.66
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
1,234,719
289,337
Accrued income and prepayments
51,589
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LEMON LANE LTD
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
92,404
46,757
Taxes and social security
215,974
125,087
Other creditors
2,902,048
1,077,563
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Average number of employees
During the year the average number of employees was 12 (2023: 6).
8
Reconciliations on adoption of FRS 102