18 18 Loller Limited 05263603 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is that of a real estate agency. Digita Accounts Production Advanced 6.30.9574.0 05263603 2024-01-01 2024-12-31 05263603 2024-12-31 05263603 bus:OrdinaryShareClass1 2024-12-31 05263603 bus:OrdinaryShareClass2 2024-12-31 05263603 bus:OrdinaryShareClass3 2024-12-31 05263603 bus:OrdinaryShareClass4 2024-12-31 05263603 core:CurrentFinancialInstruments 2024-12-31 05263603 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 05263603 core:Goodwill 2024-12-31 05263603 core:FurnitureFittingsToolsEquipment 2024-12-31 05263603 core:LandBuildings 2024-12-31 05263603 bus:SmallEntities 2024-01-01 2024-12-31 05263603 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 05263603 bus:FilletedAccounts 2024-01-01 2024-12-31 05263603 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05263603 bus:RegisteredOffice 2024-01-01 2024-12-31 05263603 bus:Director1 2024-01-01 2024-12-31 05263603 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 05263603 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 05263603 bus:OrdinaryShareClass3 2024-01-01 2024-12-31 05263603 bus:OrdinaryShareClass4 2024-01-01 2024-12-31 05263603 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05263603 bus:Agent1 2024-01-01 2024-12-31 05263603 core:Goodwill 2024-01-01 2024-12-31 05263603 core:FurnitureFittings 2024-01-01 2024-12-31 05263603 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 05263603 core:LandBuildings 2024-01-01 2024-12-31 05263603 core:LeaseholdImprovements 2024-01-01 2024-12-31 05263603 core:OfficeEquipment 2024-01-01 2024-12-31 05263603 countries:EnglandWales 2024-01-01 2024-12-31 05263603 2023-12-31 05263603 core:Goodwill 2023-12-31 05263603 core:FurnitureFittingsToolsEquipment 2023-12-31 05263603 core:LandBuildings 2023-12-31 05263603 2023-01-01 2023-12-31 05263603 2023-12-31 05263603 bus:OrdinaryShareClass1 2023-12-31 05263603 bus:OrdinaryShareClass2 2023-12-31 05263603 bus:OrdinaryShareClass3 2023-12-31 05263603 bus:OrdinaryShareClass4 2023-12-31 05263603 core:CurrentFinancialInstruments 2023-12-31 05263603 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 05263603 core:Goodwill 2023-12-31 05263603 core:FurnitureFittingsToolsEquipment 2023-12-31 05263603 core:LandBuildings 2023-12-31 05263603 bus:OrdinaryShareClass3 2023-01-01 2023-12-31 05263603 bus:OrdinaryShareClass4 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 05263603

Loller Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Loller Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

Loller Limited

Company Information

Director

Mrs Gail Roberts

Registered office

74 Mill Lane
West Derby
Liverpool
Merseyside
L12 7JB

Accountants

Williamson Croft Accountants Limited
Chartered Certified AccountantsYork House
20 York Street
Manchester
M2 3BB

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Loller Limited
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Loller Limited for the year ended 31 December 2024 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Loller Limited, as a body, in accordance with the terms of our engagement letter dated 1 November 2022. Our work has been undertaken solely to prepare for your approval the accounts of Loller Limited and state those matters that we have agreed to state to the Board of Directors of Loller Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Loller Limited and its Board of Directors as a body for our work or for this report.

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

We have not been instructed to carry out an audit or a review of the accounts of Loller 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 accounts.

......................................

Williamson Croft Accountants Limited
Chartered Certified Accountants
York House
20 York Street
Manchester
M2 3BB

11 June 2025

 

Loller Limited

(Registration number: 05263603)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

10,235

22,516

Tangible assets

5

103,833

46,785

 

114,068

69,301

Current assets

 

Debtors

6

91,334

154,416

Cash at bank and in hand

 

269,365

125,288

 

360,699

279,704

Creditors: Amounts falling due within one year

7

(164,682)

(84,790)

Net current assets

 

196,017

194,914

Total assets less current liabilities

 

310,085

264,215

Provisions for liabilities

(25,958)

(5,659)

Net assets

 

284,127

258,556

Capital and reserves

 

Called up share capital

8

100

2

Retained earnings

284,027

258,554

Shareholders' funds

 

284,127

258,556

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the director on 11 June 2025
 

 

Loller Limited

(Registration number: 05263603)
Balance Sheet as at 31 December 2024

.........................................
Mrs Gail Roberts
Director

 

Loller Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
74 Mill Lane
West Derby
Liverpool
Merseyside
L12 7JB

These financial statements were authorised for issue by the director on 11 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company.

Summary of disclosure exemptions

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Loller Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Government grants

Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred or when any terms and conditions relating to the grant are satisfied. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets.

Grants received in advance are included within other creditors whilst those for which the conditions have been met and which are virtually certain to be received by the company are included in other debtors.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold improvements

15% Reducing balance

Furniture and fittings

25% Reducing balance

Office equipment

33% Straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Loller Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10 years straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Loller Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 18 (2023 - 18).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 January 2024

122,809

122,809

At 31 December 2024

122,809

122,809

Amortisation

At 1 January 2024

100,293

100,293

Amortisation charge

12,281

12,281

At 31 December 2024

112,574

112,574

Carrying amount

At 31 December 2024

10,235

10,235

At 31 December 2023

22,516

22,516

 

Loller Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Tangible assets

Leasehold improvements
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

119,597

91,048

210,645

Additions

18,875

50,989

69,864

At 31 December 2024

138,472

142,037

280,509

Depreciation

At 1 January 2024

75,574

88,286

163,860

Charge for the year

6,839

5,977

12,816

At 31 December 2024

82,413

94,263

176,676

Carrying amount

At 31 December 2024

56,059

47,774

103,833

At 31 December 2023

44,023

2,762

46,785

6

Debtors

Current

2024
£

2023
£

Trade debtors

13,953

11,332

Prepayments and accrued income

25,632

42,051

Other debtors

51,749

101,033

 

91,334

154,416

 

Loller Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Due within one year

2024
£

2023
£

Trade creditors

55,809

9,036

Taxation and social security

73,224

50,340

Accruals and deferred income

20,417

20,690

Other creditors

15,232

4,724

164,682

84,790

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £1 each

85

85

1

1

B Ordinary share of £1 each

5

5

1

1

A Ordinary share of £1 (2023 - £0) each

5

5

-

-

C Ordinary share of £1 (2023 - £0) each

5

5

-

-

100

100

2

2

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of commitments, guarantees and contingencies is £57,233 (2023 - £89,324). The balance relates to the undiscounted minimum future payments due under non-cancellable operating leases, no security has been provided.

10

Related party transactions

As at the year end there were amounts totalling £291 owed to the director, in 2023 there were amounts totalling £40,132 due from the director. The amounts are unsecured and repayable on demand.