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REGISTERED NUMBER: 05791693 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

LODEY ASSOCIATES LTD

LODEY ASSOCIATES LTD (REGISTERED NUMBER: 05791693)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Balance Sheet 1

Notes to the Financial Statements 3


LODEY ASSOCIATES LTD (REGISTERED NUMBER: 05791693)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 44,324 -
Tangible assets 5 32,382 32,284
76,706 32,284

CURRENT ASSETS
Debtors 6 36,441 44,503
Cash at bank 71,011 123,468
107,452 167,971
CREDITORS
Amounts falling due within one year 7 82,184 65,360
NET CURRENT ASSETS 25,268 102,611
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,974

134,895

PROVISIONS FOR LIABILITIES 3,608 3,584
NET ASSETS 98,366 131,311

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 98,362 131,307
SHAREHOLDERS' FUNDS 98,366 131,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

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.

LODEY ASSOCIATES LTD (REGISTERED NUMBER: 05791693)

BALANCE SHEET - continued
31 MARCH 2025


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:





J P Lodey - Director


LODEY ASSOCIATES LTD (REGISTERED NUMBER: 05791693)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Lodey Associates Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05791693

Registered office: The Old School
The Stennack
St Ives
Cornwall
TR26 1QU

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Other intangible assets are measured using the revaluation model as there is an active market for the trading of these assets and the market value can be ascertained accurately.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

LODEY ASSOCIATES LTD (REGISTERED NUMBER: 05791693)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST OR VALUATION
At 1 April 2024 30,000 - 30,000
Additions - 56,534 56,534
Revaluations - (12,210 ) (12,210 )
At 31 March 2025 30,000 44,324 74,324
AMORTISATION
At 1 April 2024
and 31 March 2025 30,000 - 30,000
NET BOOK VALUE
At 31 March 2025 - 44,324 44,324
At 31 March 2024 - - -

Cost or valuation at 31 March 2025 is represented by:

Other
intangible
Goodwill assets Totals
£    £    £   
Valuation in 2025 - (12,210 ) (12,210 )
Cost 30,000 56,534 86,534
30,000 44,324 74,324

LODEY ASSOCIATES LTD (REGISTERED NUMBER: 05791693)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 17,950 53,007 70,957
Additions - 9,852 9,852
At 31 March 2025 17,950 62,859 80,809
DEPRECIATION
At 1 April 2024 - 38,673 38,673
Charge for year - 9,754 9,754
At 31 March 2025 - 48,427 48,427
NET BOOK VALUE
At 31 March 2025 17,950 14,432 32,382
At 31 March 2024 17,950 14,334 32,284

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 33,990 42,405
Other debtors 2,451 2,098
36,441 44,503

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 65,536 54,382
Other creditors 16,648 10,978
82,184 65,360

8. ULTIMATE CONTROLLING PARTY

The board of directors.