Company Registration No. 15121384 (England and Wales)
Lalemant Limited
Financial statements
for the period ended 30 September 2024
Pages for filing with the registrar
Lalemant Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 7
Lalemant Limited
Statement of financial position
As at 30 September 2024
1
2024
Notes
£
£
Fixed assets
Intangible assets
3
6,560
Tangible assets
4
752
7,312
Current assets
Debtors
5
6,145
Cash at bank and in hand
7,643
13,788
Creditors: amounts falling due within one year
6
(1,398,159)
Net current liabilities
(1,384,371)
Total assets less current liabilities
(1,377,059)
Provisions for liabilities
7
(167,069)
Net liabilities
(1,544,128)
Capital and reserves
Called up share capital
1,000
Profit and loss reserves
(1,545,128)
Total equity
(1,544,128)

The director of the company has elected not to include a copy of the income statement within the financial statements.true

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

The financial statements were approved and signed by the director and authorised for issue on 26 May 2025.
Arthur Seynaeve
Director
Company Registration No. 15121384
Lalemant Limited
Notes to the financial statements
For the period ended 30 September 2024
2
1
Accounting policies
Company information

Lalemant Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o Saffery LLP, St Catherine's Court, Berkeley Place, Bristol, BS8 1BQ.

1.1
Reporting period

The financial statements cover the 13 month period from 7 September 2023 to 30 September 2024. The accounting period is longer than 1 year in order to present financial statements from the incorporation date to a period end aligning with the month end.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling. The functional currency of the Company is US dollars. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

 

 

The financial statements of the company are consolidated in the financial statements of Arch Holding BV. These consolidated financial statements are available from its registered office, Ottergemsesteenweg 417, 9000 Gent, Belgium.

1.3
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Lalemant Limited
Notes to the financial statements (continued)
For the period ended 30 September 2024
1
Accounting policies (continued)
3
1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

 

1.5
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
Straight line over 5 years
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
Straight line over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Lalemant Limited
Notes to the financial statements (continued)
For the period ended 30 September 2024
1
Accounting policies (continued)
4
Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

 

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Lalemant Limited
Notes to the financial statements (continued)
For the period ended 30 September 2024
5
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
Number
Total
2
3
Intangible fixed assets
Software
£
Cost
At 7 September 2023
-
0
Additions
8,203
At 30 September 2024
8,203
Amortisation and impairment
At 7 September 2023
-
0
Amortisation charged for the period
1,643
At 30 September 2024
1,643
Carrying amount
At 30 September 2024
6,560
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 7 September 2023
-
0
Additions
792
At 30 September 2024
792
Depreciation and impairment
At 7 September 2023
-
0
Depreciation charged in the period
40
At 30 September 2024
40
Carrying amount
At 30 September 2024
752
Lalemant Limited
Notes to the financial statements (continued)
For the period ended 30 September 2024
6
5
Debtors
2024
Amounts falling due within one year:
£
Other debtors
6,145
6
Creditors: amounts falling due within one year
2024
£
Trade creditors
15,402
Other creditors
1,382,757
1,398,159

Included within other creditors are amounts due to related parties totalling £1,382,758.

7
Provisions for liabilities
2024
£
Provision for legal claim
167,069

The company is currently involved in a legal dispute. Depending on the outcome of this, the company may be required to pay costs of $186,228 (£167,069). However, the associated legal proceedings are still ongoing, and therefore the outcome is uncertain.

8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Neil Davies
Statutory Auditors:
Saffery LLP
Date of audit report:
28 May 2025
9
Contingent Assets

The company is currently involved in a legal dispute. Depending on the outcome of the claim, the company may receive compensation of $227,205. However, the associated legal proceedings are still ongoing, and therefore the outcome is uncertain.

Lalemant Limited
Notes to the financial statements (continued)
For the period ended 30 September 2024
7
10
Related party transactions

The company has taken advantage of the exemption available in FRS 102 Section 33 "Related Party Disclosures" whereby it has not disclosed transactions between the parent and any wholly owned subsidiary undertaking.

 

All balances due to the parent company and subsidiaries of the group are disclosed in note 6.

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