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REGISTERED NUMBER: 06465806 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29th February 2024

for

Lloyds Commercial & Trade Finance
Limited

Lloyds Commercial & Trade Finance
Limited (Registered number: 06465806)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Lloyds Commercial & Trade Finance
Limited

Company Information
for the Year Ended 29th February 2024







DIRECTOR: H Golshirazi





REGISTERED OFFICE: Unit 3
Hampstead Gate
1A Frognal
London
NW3 6AL





REGISTERED NUMBER: 06465806 (England and Wales)





ACCOUNTANTS: Spencer Hyde Limited
272 Regents Park Road
London
N3 3HN

Lloyds Commercial & Trade Finance
Limited (Registered number: 06465806)

Statement of Financial Position
29th February 2024

2024 2023
Notes €    €   
CURRENT ASSETS
Debtors 4 7,248,481 4,205,906
Cash at bank 565,039 661,891
7,813,520 4,867,797
CREDITORS
Amounts falling due within one year 5 7,695,242 4,790,508
NET CURRENT ASSETS 118,278 77,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,278

77,289

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 118,277 77,288
SHAREHOLDERS' FUNDS 118,278 77,289

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

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

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 21st January 2025 and were signed by:





H Golshirazi - Director


Lloyds Commercial & Trade Finance
Limited (Registered number: 06465806)

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

1. STATUTORY INFORMATION

Lloyds Commercial & Trade Finance 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.

The presentation currency of the financial statements is the Euro (€).


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.

The financial statements have been prepared in accordance with the going concern convention on the basis that continued financial support will be made available by the company's director, bankers and by the group companies.

As the director has a reasonable expectation that the company and the group have adequate resources to continue in operational existence for the foreseeable future, he considers it appropriate to adopt the going concern basis in preparing these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Foreign currencies
Assets and liabilities in foreign currencies are translated into euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into euro at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Functional and reporting currency
The company's has determined that the functional currency of the Group and the Company is Euro in the view that all sales contracts for the financial year ended 28 February 2010 onward are denominated in Euro as most of the operating expenses being denominated in Euro.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
€    €   
Trade debtors 887,296 131,123
Amounts owed by group undertakings 4,348,930 3,285,358
Other debtors 2,012,255 789,425
7,248,481 4,205,906

Lloyds Commercial & Trade Finance
Limited (Registered number: 06465806)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
€    €   
Bank loans and overdrafts 101 -
Trade creditors 10,845 1,439,748
Amounts owed to group undertakings 5,977,597 1,679,798
Tax 20,670 4,941
VAT 20,008 -
Advance from customers 724,814 724,814
Accrued expenses 3,425 3,425
Advance receipts 937,782 937,782
7,695,242 4,790,508

6. RELATED PARTY DISCLOSURES

The consolidated financial statements of the parent company, RTC Holdings Limited which is registered in England and Wales can be obtained from Companies House.