Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Mrs L L Crump 03/03/2015 Mr M A Crump 03/03/2015 26 April 2025 The principle activity of the company is marketing and consultancy services. 09467007 2024-04-30 09467007 bus:Director1 2024-04-30 09467007 bus:Director2 2024-04-30 09467007 2023-04-30 09467007 core:CurrentFinancialInstruments 2024-04-30 09467007 core:CurrentFinancialInstruments 2023-04-30 09467007 core:Non-currentFinancialInstruments 2024-04-30 09467007 core:Non-currentFinancialInstruments 2023-04-30 09467007 core:ShareCapital 2024-04-30 09467007 core:ShareCapital 2023-04-30 09467007 core:RetainedEarningsAccumulatedLosses 2024-04-30 09467007 core:RetainedEarningsAccumulatedLosses 2023-04-30 09467007 core:OfficeEquipment 2023-04-30 09467007 core:OfficeEquipment 2024-04-30 09467007 bus:OrdinaryShareClass1 2024-04-30 09467007 2023-05-01 2024-04-30 09467007 bus:FilletedAccounts 2023-05-01 2024-04-30 09467007 bus:SmallEntities 2023-05-01 2024-04-30 09467007 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 09467007 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09467007 bus:Director1 2023-05-01 2024-04-30 09467007 bus:Director2 2023-05-01 2024-04-30 09467007 core:OfficeEquipment 2023-05-01 2024-04-30 09467007 2022-05-01 2023-04-30 09467007 core:Non-currentFinancialInstruments 2023-05-01 2024-04-30 09467007 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 09467007 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09467007 (England and Wales)

LOVEGATE MARKETING LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

LOVEGATE MARKETING LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

LOVEGATE MARKETING LIMITED

BALANCE SHEET

As at 30 April 2024
LOVEGATE MARKETING LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 372 851
372 851
Current assets
Debtors 4 69,503 50,617
Cash at bank and in hand 6,306 409
75,809 51,026
Creditors: amounts falling due within one year 5 ( 26,165) ( 22,296)
Net current assets 49,644 28,730
Total assets less current liabilities 50,016 29,581
Creditors: amounts falling due after more than one year 6 ( 8,635) ( 12,129)
Net assets 41,381 17,452
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 41,281 17,352
Total shareholders' funds 41,381 17,452

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Lovegate Marketing Limited (registered number: 09467007) were approved and authorised for issue by the Board of Directors on 26 April 2025. They were signed on its behalf by:

Mr M A Crump
Director
LOVEGATE MARKETING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
LOVEGATE MARKETING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lovegate Marketing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House, Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer and revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 May 2023 1,915 1,915
At 30 April 2024 1,915 1,915
Accumulated depreciation
At 01 May 2023 1,064 1,064
Charge for the financial year 479 479
At 30 April 2024 1,543 1,543
Net book value
At 30 April 2024 372 372
At 30 April 2023 851 851

4. Debtors

2024 2023
£ £
Amounts owed by associates 69,503 49,098
Other debtors 0 1,519
69,503 50,617

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 5,073 5,478
Trade creditors 2,614 4,133
Amounts owed to associates 10,485 2,400
Accruals 1,575 5,100
Other taxation and social security 5,262 4,008
Other creditors 1,156 1,177
26,165 22,296

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 8,635 12,129

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100