Company Registration No. 07186774 (England and Wales)
Lovelove Films Ltd
Unaudited accounts
for the year ended 31 March 2024
Lovelove Films Ltd
Unaudited accounts
Contents
Lovelove Films Ltd
Company Information
for the year ended 31 March 2024
Company Number
07186774 (England and Wales)
Registered Office
CINECHROME STUDIOS
CALVIN ROAD
BOURNEMOUTH
BH9 1LN
ENGLAND
Accountants
M. Whittingham Limited
Unit K2 Lion Works
543 Wallisdown Road
Poole
Dorset
BH12 5AD
Lovelove Films Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
87,907
78,392
Cash at bank and in hand
-
6,073
Creditors: amounts falling due within one year
(282,570)
(258,845)
Net current liabilities
(225,382)
(187,142)
Total assets less current liabilities
(137,475)
(108,750)
Creditors: amounts falling due after more than one year
(16,127)
(19,011)
Net liabilities
(153,602)
(127,761)
Called up share capital
100
100
Profit and loss account
(153,702)
(127,861)
Shareholders' funds
(153,602)
(127,761)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 March 2025 and were signed on its behalf by
Miss G Hurcombe
Director
Company Registration No. 07186774
Lovelove Films Ltd
Notes to the Accounts
for the year ended 31 March 2024
Lovelove Films Ltd is a private company, limited by shares, registered in England and Wales, registration number 07186774. The registered office is CINECHROME STUDIOS, CALVIN ROAD, BOURNEMOUTH, BH9 1LN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
15% reducing balance
Plant & machinery
25% reducing balance
Fixtures & fittings
15% reducing balance
The financial statements have been prepared on a going concern basis. The director considers this to be appropriate although there were net current liabilities of £225,382. Of the creditors £262,856 represents amounts owed to personal associates of the Director. Repayments of these amounts will not be sought until the company is in a position to pay. Accordingly the going concern basis is considered appropriate.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
47,467
163,425
13,150
224,042
Additions
-
36,627
-
36,627
At 31 March 2024
47,467
200,052
13,150
260,669
At 1 April 2023
36,134
101,465
8,051
145,650
Charge for the year
1,700
24,647
765
27,112
At 31 March 2024
37,834
126,112
8,816
172,762
At 31 March 2024
9,633
73,940
4,334
87,907
At 31 March 2023
11,333
61,960
5,099
78,392
Lovelove Films Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
2,594
3,184
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,134
2,791
Trade creditors
2,527
(990)
Taxes and social security
2,469
-
Other creditors
262,856
247,790
Deferred income
4,756
4,756
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
9,500 Ordinary shares of £0.01 each
95
95
500 Ordinary B shares of £0.01 each
5
5
9
Average number of employees
During the year the average number of employees was 2 (2023: 0).