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Registered Number: 12361465
England and Wales

 

 

 

LOA FINANCE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024
Accountants report
You consider that the company is exempt from an audit for the year ended 31 December 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

31 December 2024



....................................................



26 February 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Investments 3 824,905    824,905 
824,905    824,905 
Current assets      
Cash at bank and in hand 143    232 
Creditors: amount falling due within one year (840,916)   (827,224)
Net current assets (840,773)   (826,992)
 
Total assets less current liabilities (15,868)   (2,087)
Net assets (15,868)   (2,087)
 

Capital and reserves
     
Called up share capital (1)   (1)
Profit and loss account (15,867)   (2,086)
Shareholders' funds (15,868)   (2,087)
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 26 February 2025 and were signed by:


-------------------------------
Colin Marsh
Director
2
General Information
LOA Finance Limited is a private company, limited by shares, registered in England and Wales, registration number 12361465, registration address 40 Holmefield Court, Belsize Grove, London, NW3 4TT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 January 2024  
Additions  
Transfer to/from tangible fixed assets 824,905    824,905 
Disposals  
At 31 December 2024 824,905    824,905 

3