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Registered number: 13350201
Laudi Holdings Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 13350201
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 1,407,600 1,407,600
1,407,600 1,407,600
CURRENT ASSETS
Receivables 5 100 100
100 100
Payables: Amounts Falling Due Within One Year 6 (1,412,705 ) (1,410,545 )
NET CURRENT ASSETS (LIABILITIES) (1,412,605 ) (1,410,445 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,005 ) (2,845 )
NET LIABILITIES (5,005 ) (2,845 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement (5,105 ) (2,945 )
SHAREHOLDERS' FUNDS (5,005) (2,845)
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
D Slabovskyi
Director
17/02/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Laudi Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13350201 . The registered office is 12 Mulberry Place, Pinnell Road, London, SE9 6AR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).
2.2. Going Concern Disclosure
The director has considered the company's financial position, liquidity and future performance together with financial projections for the company over the foreseeable future. After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing the annual financial statements.
2.3. Financial Instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are
recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Exemption from preparing group accounts
The company and its subsidiary comprise a small group. The company has therefore taken advantage of the exemption provided in Section 399 of the Companies Act 2006 not to prepare group financial statements and accordingly these financial statements present information about the company as a single undertaking.
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2.7. Investments
Non-current investments are stated at historical cost less provision for any diminution in value.
2.8. Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investments
Unlisted
£
Cost
As at 1 June 2023 1,407,600
As at 31 May 2024 1,407,600
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 1,407,600
As at 1 June 2023 1,407,600
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as
follows:
The company holds 100% of ordinary shares of La Brioche LLC, a company incorporated in Ukraine. The principal activity of La Brioche LLC is that of real estate management. The loss for the financial year ending 31/12/24 was £34,431 and the aggregate amount of capital and reserves at the end of the year was £573,663.
5. Receivables
2024 2023
£ £
Due within one year
Other receivables 100 100
6. Payables: Amounts Falling Due Within One Year
2024 2023
£ £
Other payables 1,407,600 1,407,600
Accruals and deferred income 2,160 1,645
Director's loan account 2,945 1,300
1,412,705 1,410,545
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7. Share Capital
2024 2023
Allotted, called up but not fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
8. Reserves
The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.
9. Related Party Transactions
At the balance sheet date a balance of £2,945 (2023: £1,300) was due to a director of the company under non interest-bearing loan.
10. Ultimate Controlling Party
The company's ultimate controlling party is Dmytro Slabovskyi by virtue of his ownership of 100% of the issued share capital in the company.
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