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REGISTERED NUMBER: 08122178 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Lantern (UK) Limited

Lantern (UK) Limited (Registered number: 08122178)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lantern (UK) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: A McMahon
A D McMahon





REGISTERED OFFICE: The Coach House
Ealing Green
London
W5 5ER





REGISTERED NUMBER: 08122178 (England and Wales)





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

Lantern (UK) Limited (Registered number: 08122178)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,944 5,050

CURRENT ASSETS
Debtors 5 31,830 14,910
Cash at bank 1,366 32,205
33,196 47,115
CREDITORS
Amounts falling due within one year 6 22,678 26,430
NET CURRENT ASSETS 10,518 20,685
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,462

25,735

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 13,461 25,734
SHAREHOLDERS' FUNDS 13,462 25,735

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 24 March 2025 and were signed on its behalf by:





A McMahon - Director


Lantern (UK) Limited (Registered number: 08122178)

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

1. STATUTORY INFORMATION

Lantern (UK) 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 cost
Computer equipment - 25% 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 1 (2023 - 1 ) .

Lantern (UK) Limited (Registered number: 08122178)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 7,200 4,197 11,397
DEPRECIATION
At 1 July 2023 3,384 2,963 6,347
Charge for year 1,503 603 2,106
At 30 June 2024 4,887 3,566 8,453
NET BOOK VALUE
At 30 June 2024 2,313 631 2,944
At 30 June 2023 3,816 1,234 5,050

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 31,830 14,910

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 6,443 521
Taxation and social security 5,230 11,589
Other creditors 11,005 14,320
22,678 26,430

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 Ordinary £1 1 1