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REGISTERED NUMBER: 09353799 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LDSD LIMITED

LDSD LIMITED (REGISTERED NUMBER: 09353799)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LDSD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: L S Davis





REGISTERED OFFICE: 15 West Street
Brighton
East Sussex
BN1 2RL





REGISTERED NUMBER: 09353799 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

LDSD LIMITED (REGISTERED NUMBER: 09353799)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 51,649 56,222
Investments 4 270,000 270,000
321,649 326,222

CURRENT ASSETS
Debtors 5 1,008,143 1,305,047
Cash at bank 5,310 2,306
1,013,453 1,307,353
CREDITORS
Amounts falling due within one year 6 1,325,205 1,613,432
NET CURRENT LIABILITIES (311,752 ) (306,079 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,897

20,143

CREDITORS
Amounts falling due after more than one
year

7

(4,225

)

(14,098

)

PROVISIONS FOR LIABILITIES (4,977 ) (4,394 )
NET ASSETS 695 1,651

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 595 1,551
695 1,651

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LDSD LIMITED (REGISTERED NUMBER: 09353799)

BALANCE SHEET - continued
31 DECEMBER 2024


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 director and authorised for issue on 9 April 2025 and were signed by:





L S Davis - Director


LDSD LIMITED (REGISTERED NUMBER: 09353799)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. 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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover
Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% 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 taxation is provided in full on timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets and liabilities are not discounted.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

LDSD LIMITED (REGISTERED NUMBER: 09353799)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 70,057 44,644 4,210 118,911
Additions - 5,000 - 5,000
At 31 December 2024 70,057 49,644 4,210 123,911
DEPRECIATION
At 1 January 2024 16,344 42,135 4,210 62,689
Charge for year 7,006 2,567 - 9,573
At 31 December 2024 23,350 44,702 4,210 72,262
NET BOOK VALUE
At 31 December 2024 46,707 4,942 - 51,649
At 31 December 2023 53,713 2,509 - 56,222

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 270,000
NET BOOK VALUE
At 31 December 2024 270,000
At 31 December 2023 270,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates 820,594 1,289,053
Other debtors - 15,994
Directors' loan accounts 139,549 -
Accrued income 48,000 -
1,008,143 1,305,047

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 487 5,871
Amounts owed to associates 672,659 406,797
Tax 159,999 75,036
Social security and other taxes 263,440 263,440
VAT 216,287 250,161
Directors' loan accounts - 480,377
Accrued expenses 2,333 121,750
1,325,205 1,613,432

LDSD LIMITED (REGISTERED NUMBER: 09353799)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 4,225 10,000
Bank loans - 2-5 years - 4,098
4,225 14,098

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
L S Davis
Balance outstanding at start of year (480,377 ) (65 )
Amounts advanced 1,712,200 1,196,921
Amounts repaid (1,092,274 ) (1,677,233 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 139,549 (480,377 )

This balance represented the maximum amount outstanding during the year. Interest is charged on any overdrawn amounts at the beneficial loan interest rate.

LDSD LIMITED (REGISTERED NUMBER: 09353799)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. RELATED PARTY DISCLOSURES

Rockwater Group Limited
As at the year end, the company owed Rockwater Group Limited £285,453 (2023: £152,203). The balance is interest free and repayable on demand.

During the year, the company received income of £125,000 (2023: £125,000) from Rockwater Group Limited. All transactions were undertaken on a commercial arms length basis.

L Davis has a 49% shareholding and is a director in Rockwater Group Limited.

Rockwater Sandbanks & Branksome Limited
As at the year end, the company owed Rockwater Sandbanks & Branksome Limited £357,950 (2023: £207,850). The balance is interest free and repayable on demand.

During the year, the company received income of £125,000 (2023: £121,333) from Rockwater Sandbanks & Branksome Limited. All transactions were undertaken on a commercial arms length basis.

L Davis has a 46% shareholding and is a director in Rockwater Sandbanks & Branksome Limited.

Wavecatchers Ltd
As at the year end, the company owed Wavecatchers Ltd £29,256 (2023: £28,456). The balance is interest free and repayable on demand.

During the year, the company received income of £8,000 (2023: £12,000) from Wavecatchers Ltd. All transactions were undertaken on a commercial arms length basis.

L Davis has a 54% shareholding and is a director in Wavecatchers Limited.

Helm Gallery Limited
As at the year end, Helm Gallery Limited owed the company £820,594 (2023: £861,498). The balance is interest free and repayable on demand.

L Davis has a 70% shareholding and is a director in Helm Gallery Limited.

LMD Chauffeurs Limited
As at the year end, LMD Chauffeurs Limited owed the company £nil (2023: £377,613). The balance was cleared as a bad debt as LMD Chauffeurs Limited has been struck off.

L Davis is the sole shareholder and director in LMD Chauffeurs Limited.

IW Capital Ltd
As at the year end, IW Capital Ltd owed the company £nil (2023: £49,242). The balance was cleared to the directors' loan account as dealt with in the share sale.

L Davis has a 34% shareholding and was a director of IW Capital Ltd during the year.

IW Inventa Limited
As at the year end, the company owed IW Inventa Limited £nil (2023: 18,288). The balance was cleared to the directors' loan account as dealt with in the share sale.

L Davis was a director of IW Inventa Ltd during the year.

42 Bruton Limited
As at the year end, 42 Bruton Limited owed the company £nil (2023: £700). The balance was cleared to the directors' loan account as dealt with in the share sale.

L Davis was a director of 42 Bruton Limited during the year.

10. ULTIMATE CONTROLLING PARTY

The controlling party is L S Davis.

This was by virtue of his 100% holding of the issued share capital.

LDSD LIMITED (REGISTERED NUMBER: 09353799)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


11. ACCOUNTING BASIS

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. As at the year end the current liabilities exceeded current assets by £311,752.

The validity of this basis depends upon the continued support of the company's director. The director confirms that he will give the required support.