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REGISTERED NUMBER: SC531966 (Scotland)






























Financial Statements for the Year Ended 30 April 2024

for

Lola Holdings Ltd

Lola Holdings Ltd (Registered number: SC531966)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lola Holdings Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: B N Johnstone
Miss L Rojas De Millar





SECRETARY:





REGISTERED OFFICE: 66 Beechgrove Terrace
Aberdeen
AB15 5HH





REGISTERED NUMBER: SC531966 (Scotland)





ACCOUNTANTS: A J Croll & Company
19 Bon Accord Crescent
Aberdeen
Aberdeenshire
AB11 6DE

Lola Holdings Ltd (Registered number: SC531966)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 301 348

CURRENT ASSETS
Debtors 5 36,870 27,800
Cash at bank 1,547 418
38,417 28,218
CREDITORS
Amounts falling due within one year 6 16,574 13,267
NET CURRENT ASSETS 21,843 14,951
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,144

15,299

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 22,143 15,298
SHAREHOLDERS' FUNDS 22,144 15,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 29 January 2025 and were signed on its behalf by:





Miss L Rojas De Millar - Director


Lola Holdings Ltd (Registered number: SC531966)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Lola Holdings 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
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.

At the time of approving the financial statements the directors has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

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.
Fixtures and fittings - 20% on cost
Computer equipment - 20% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Lola Holdings Ltd (Registered number: SC531966)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 6,253 165 6,418
DEPRECIATION
At 1 May 2023 5,905 165 6,070
Charge for year 47 - 47
At 30 April 2024 5,952 165 6,117
NET BOOK VALUE
At 30 April 2024 301 - 301
At 30 April 2023 348 - 348

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 36,870 27,800

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors - (1 )
Taxation and social security 5,744 1,664
Other creditors 10,830 11,604
16,574 13,267

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Miss L Rojas De Millar
Balance outstanding at start of year (301 ) (301 )
Amounts advanced 10,614 -
Amounts repaid (10,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (187 ) (301 )

8. RELATED PARTY DISCLOSURES

During the year the company loaned £12,260 (£ 6,635 2023) to Mariarose Ltd and was repaid £3,190(£2,907 2032). As at 30 April 2024£36,128 ( £27,058 2023) remained outstanding and is included in Other Debtors. Miss L Rojas De Millar is a director and shareholder in Mariarose Ltd.