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REGISTERED NUMBER: 04658017 (England and Wales)















Unaudited Financial Statements

for the Period 1 July 2023 to 31 December 2024

for

Loop Corporation Limited

Loop Corporation Limited (Registered number: 04658017)






Contents of the Financial Statements
for the Period 1 July 2023 to 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Loop Corporation Limited

Company Information
for the Period 1 July 2023 to 31 December 2024







DIRECTORS: R Green
S Bray





SECRETARY: S Bray





REGISTERED OFFICE: 32 Hereford Road
Ealing
London
W5 4SE





REGISTERED NUMBER: 04658017 (England and Wales)





ACCOUNTANTS: Bennett and Company
Chartered Certified Accountants
The Coach House
Ealing Green
London
W5 5ER

Loop Corporation Limited (Registered number: 04658017)

Balance Sheet
31 December 2024

31.12.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 10,859

CURRENT ASSETS
Debtors 5 - 12,733
Cash at bank and in hand 156,479 140,776
156,479 153,509
CREDITORS
Amounts falling due within one year 6 46,403 45,445
NET CURRENT ASSETS 110,076 108,064
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,076

118,923

PROVISIONS FOR LIABILITIES 7 - 2,063
NET ASSETS 110,076 116,860

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 110,066 116,850
SHAREHOLDERS' FUNDS 110,076 116,860

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 13 February 2025 and were signed on its behalf by:



R Green - Director


Loop Corporation Limited (Registered number: 04658017)

Notes to the Financial Statements
for the Period 1 July 2023 to 31 December 2024

1. STATUTORY INFORMATION

Loop Corporation 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.

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 - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the period 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 period 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 period was 1 (2023 - 1 ) .

Loop Corporation Limited (Registered number: 04658017)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 11,166 110,679 121,845
Disposals (11,166 ) (110,679 ) (121,845 )
At 31 December 2024 - - -
DEPRECIATION
At 1 July 2023 8,225 102,761 110,986
Charge for period 1,011 3,518 4,529
Eliminated on disposal (9,236 ) (106,279 ) (115,515 )
At 31 December 2024 - - -
NET BOOK VALUE
At 31 December 2024 - - -
At 30 June 2023 2,941 7,918 10,859

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 30.6.23
£    £   
Trade debtors - 12,733

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 30.6.23
£    £   
Taxation and social security 26,823 26,249
Other creditors 19,580 19,196
46,403 45,445

7. PROVISIONS FOR LIABILITIES
31.12.24 30.6.23
£    £   
Deferred tax - 2,063

Deferred
tax
£   
Balance at 1 July 2023 2,063
Provided during period (2,063 )
Balance at 31 December 2024 -

Loop Corporation Limited (Registered number: 04658017)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 December 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 30.6.23
value: £    £   
10 Ordinary £1 10 10