| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 31 May 2023 to 29 May 2024 |
| for |
| Lorton Entertainment Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 31 May 2023 to 29 May 2024 |
| for |
| Lorton Entertainment Limited |
| Lorton Entertainment Limited (Registered number: 07647405) |
| Contents of the Financial Statements |
| for the Period 31 May 2023 to 29 May 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Lorton Entertainment Limited |
| Company Information |
| for the Period 31 May 2023 to 29 May 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Accountants And Taxation Consultants |
| Solent House |
| 107a Alma Road |
| Portswood |
| Southampton |
| Hampshire |
| SO14 6UY |
| Lorton Entertainment Limited (Registered number: 07647405) |
| Balance Sheet |
| 29 May 2024 |
| 29.5.24 | 30.5.23 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| Lorton Entertainment Limited (Registered number: 07647405) |
| Balance Sheet - continued |
| 29 May 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Lorton Entertainment Limited (Registered number: 07647405) |
| Notes to the Financial Statements |
| for the Period 31 May 2023 to 29 May 2024 |
| 1. | STATUTORY INFORMATION |
| Lorton Entertainment Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Fixtures and fittings | - |
| Computer equipment | - |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was NIL (2023 - NIL). |
| Lorton Entertainment Limited (Registered number: 07647405) |
| Notes to the Financial Statements - continued |
| for the Period 31 May 2023 to 29 May 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 31 May 2023 |
| Disposals | ( |
) | ( |
) |
| At 29 May 2024 |
| DEPRECIATION |
| At 31 May 2023 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) |
| At 29 May 2024 |
| NET BOOK VALUE |
| At 29 May 2024 |
| At 30 May 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 29.5.24 | 30.5.23 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Directors' current accounts | 79,804 | 78,065 |
| Tax |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 29.5.24 | 30.5.23 |
| £ | £ |
| Trade creditors |
| Corporation tax |
| VAT | 102,489 | 50,791 |
| Other creditors |
| Accrued expenses |
| Lorton Entertainment Limited (Registered number: 07647405) |
| Notes to the Financial Statements - continued |
| for the Period 31 May 2023 to 29 May 2024 |
| 7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the periods ended 29 May 2024 and 30 May 2023: |
| 29.5.24 | 30.5.23 |
| £ | £ |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| 8. | RELATED PARTY DISCLOSURES |
| The company was under the control of Mr J L Bird and Mr J Berry throughout the current and previous year. Mr J L Bird is the managing director and majority shareholder. |
| At the end of the financial year Lorton Entertainment Limited owed Lorton Sports Productions Limited £244,741 (2023: £244,519) Wilshire Entertainment Limited £164,046 (2023: £463,923) Papcastle Limited £288,800 (2023: £288,800) Lorton International Sales Limited £750 (2023: £750) and Lorton Distribution Limited £37,181 (2023: £37,181). |
| In the year Lorton Distribution Limited wrote off part of its loan to Lorton Entertainment Limited £122,210 |
| In the year Lorton Entertainment Limited invoiced Wilshire Entertainment Limited £249,864 for the use of the Lorton Entertainment name. |
| Mr J Bird holds beneficial interest in all of the fore mentioned companies. |
| 9. | GOING CONCERN |
| These accounts have been prepared on the going concern basis on the understanding that the directors, the bank and current shareholders will continue to financially support the company through these uncertain times. |