Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302025-05-212024-09-302025-05-2172023-10-01falseNo description of principal activity12falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10480946 2023-10-01 2024-09-30 10480946 2022-10-01 2023-09-30 10480946 2024-09-30 10480946 2023-09-30 10480946 c:Director2 2023-10-01 2024-09-30 10480946 d:PlantMachinery 2023-10-01 2024-09-30 10480946 d:PlantMachinery 2024-09-30 10480946 d:PlantMachinery 2023-09-30 10480946 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 10480946 d:FurnitureFittings 2023-10-01 2024-09-30 10480946 d:FurnitureFittings 2024-09-30 10480946 d:FurnitureFittings 2023-09-30 10480946 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 10480946 d:OfficeEquipment 2023-10-01 2024-09-30 10480946 d:OfficeEquipment 2024-09-30 10480946 d:OfficeEquipment 2023-09-30 10480946 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 10480946 d:ComputerEquipment 2023-10-01 2024-09-30 10480946 d:ComputerEquipment 2024-09-30 10480946 d:ComputerEquipment 2023-09-30 10480946 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 10480946 d:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 10480946 d:OtherPropertyPlantEquipment 2024-09-30 10480946 d:OtherPropertyPlantEquipment 2023-09-30 10480946 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 10480946 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 10480946 d:CurrentFinancialInstruments 2024-09-30 10480946 d:CurrentFinancialInstruments 2023-09-30 10480946 d:Non-currentFinancialInstruments 2024-09-30 10480946 d:Non-currentFinancialInstruments 2023-09-30 10480946 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 10480946 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 10480946 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 10480946 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 10480946 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 10480946 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 10480946 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-09-30 10480946 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-09-30 10480946 d:ShareCapital 2024-09-30 10480946 d:ShareCapital 2023-09-30 10480946 d:RetainedEarningsAccumulatedLosses 2024-09-30 10480946 d:RetainedEarningsAccumulatedLosses 2023-09-30 10480946 c:OrdinaryShareClass1 2023-10-01 2024-09-30 10480946 c:OrdinaryShareClass1 2024-09-30 10480946 c:OrdinaryShareClass1 2023-09-30 10480946 c:FRS102 2023-10-01 2024-09-30 10480946 c:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 10480946 c:FullAccounts 2023-10-01 2024-09-30 10480946 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10480946 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10480946










LIFESTYLE LOANS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
LIFESTYLE LOANS LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LIFESTYLE LOANS LIMITED
FOR THE YEAR ENDED 30 SEPTEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lifestyle Loans LImited for the year ended 30 September 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Lifestyle Loans LImited, as a body, in accordance with the terms of our engagement letter dated 30 November 2017Our work has been undertaken solely to prepare for your approval the financial statements of Lifestyle Loans LImited  and state those matters that we have agreed to state to the Board of directors of Lifestyle Loans LImited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lifestyle Loans LImited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Lifestyle Loans LImited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Lifestyle Loans LImited. You consider that Lifestyle Loans LImited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Lifestyle Loans LImited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



WR Partners
 
Chartered Accountants
  
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG
21 May 2025

 
LIFESTYLE LOANS LIMITED
REGISTERED NUMBER: 10480946

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
121,089
177,512

  
121,089
177,512

Current assets
  

Debtors: amounts falling due within one year
 5 
892,197
4,688,343

Cash at bank and in hand
 6 
76,103
82,912

  
968,300
4,771,255

Creditors: amounts falling due within one year
 7 
(1,622,469)
(1,475,657)

Net current (liabilities)/assets
  
 
 
(654,169)
 
 
3,295,598

Total assets less current liabilities
  
(533,080)
3,473,110

Creditors: amounts falling due after more than one year
 8 
(4,334,075)
(6,984,586)

  

Net liabilities
  
(4,867,155)
(3,511,476)


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
(4,867,255)
(3,511,576)

  
(4,867,155)
(3,511,476)



 
LIFESTYLE LOANS LIMITED
REGISTERED NUMBER: 10480946
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




P A Swift
Director

Date: 21 May 2025

The notes on  form part of these financial statements.


 
LIFESTYLE LOANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Lifestyle Loans Limited, 10480946, is a private company limited by shares and incorporated in England and Wales. The registered office is Belmont House, Shrewsbury Business Park, Shrewsbury, SY2 6LG.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

  
2.2

Going concern

The company and its shareholders continue to support the working capital needs of the business, and therefore on that basis, the directors consider it appropriate to prepare the accounts on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue represents interest and supplementary charges receivable on loan balances due from customers during the year.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.


 
LIFESTYLE LOANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Website
-
20%
Office equipment
-
20%
Computer equipment
-
20%
Vienna computer system
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.


 
LIFESTYLE LOANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 12).


 
LIFESTYLE LOANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Plant and machinery
Website
Office equipment
Vienna computer system
Computer equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 October 2023
4,173
7,500
32,309
103,948
204,202
352,132


Additions
-
-
-
-
7,065
7,065



At 30 September 2024

4,173
7,500
32,309
103,948
211,267
359,197



Depreciation


At 1 October 2023
3,825
6,750
17,789
79,837
66,420
174,621


Charge for the year on owned assets
348
750
4,952
15,184
42,253
63,487



At 30 September 2024

4,173
7,500
22,741
95,021
108,673
238,108



Net book value



At 30 September 2024
-
-
9,568
8,927
102,594
121,089



At 30 September 2023
349
750
14,520
24,111
137,782
177,512


 
LIFESTYLE LOANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
880,655
4,563,780

Amounts owed by group undertakings
4,618
4,618

Prepaid commissions
2,400
2,400

Prepayments
4,524
117,545

892,197
4,688,343



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
76,103
82,912

76,103
82,912



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
9,788
9,788

Trade creditors
16,106
77,867

Amounts owed to group undertakings
730,978
507,385

Other taxation and social security
8,592
12,896

Other creditors
820,941
792,050

Accruals and deferred income
36,064
75,671

1,622,469
1,475,657



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,500,938
5,151,449

Amounts owed to group undertakings
1,833,137
1,833,137

4,334,075
6,984,586



 
LIFESTYLE LOANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
9,788
9,788


9,788
9,788

Amounts falling due 1-2 years

Bank loans
2,493,137
5,133,000


2,493,137
5,133,000


Amounts falling due after more than 5 years

Bank loans
7,801
18,449

7,801
18,449

2,510,726
5,161,237



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £8,390 (2023: £8,791). Contributions totalling £4,188 (2023: £3,294) were payable to the fund at the balance sheet date and are included in creditors.


12.


Controlling party

The company is under under the control of Lifestyle Loans (Holdings) Limited, a company incorporated in England and Wales.