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Registration number: 08904210

Lovis Global Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

Lovis Global Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8

Lovis Global Limited

Company Information

Director | R Funes Lovis

Registered office | Regus Berkley Square 2nd Floor Berkley Square House Berkley Square London W1J 6BD

Accountants | ASK UK Accountancy Ltd Airport House Purley Way Croydon Surrey CR0 0XZ

Lovis Global Limited

(Registration number: 08904210)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Current assets |  |  |
Debtors | 5 | 114,650 | 37,221
Creditors: Amounts falling due within one year | 6 | (180,325) | (99,919)
Total assets less current liabilities |  | (65,675) | (62,698)
Creditors: Amounts falling due after more than one year | 6 | 2,935 | (42)
Net liabilities |  | (62,740) | (62,740)
Capital and reserves |  |  |
Called up share capital | 7 | 5,000 | 5,000
Other reserves |  | (67,940) | (67,940)
Retained earnings |  | 200 | 200
Shareholders' deficit |  | (62,740) | (62,740)

Lovis Global Limited

(Registration number: 08904210)
Balance Sheet as at 31 December 2024

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 their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 July 2025

R Funes Lovis Director

Lovis Global 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 United Kingdom.

The address of its registered office is:
Regus Berkley Square
2nd Floor Berkley Square House
Berkley Square
London
W1J 6BD

These financial statements were authorised for issue by the director on 28 July 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.

Revenue recognition

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

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Lovis Global Limited

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

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.

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.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4 | Investments

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Lovis Global Limited

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

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2024 | 2023
Associates
Lovis Worldwide Limited |  |  | 0% | 0%
Lovis Consulting S.L |  |  | 0% | 0%
Lovis Holding Limited |  |  | 0% | 0%

5 | Debtors

Current | Note | 2024 £ | 2023 £
Amounts owed by related parties | 8 | 101,125 | 21,775
Other debtors |  | 13,525 | 15,446
|  | 114,650 | 37,221

Lovis Global Limited

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

6 | Creditors

Creditors: amounts falling due within one year

| 2024 £ | 2023 £
Due within one year |  |
Trade creditors | 2,612 | 34,797
Taxation and social security | 90,823 | 41,005
Other creditors | 86,890 | 24,117
| 180,325 | 99,919

Creditors: amounts falling due after more than one year

| 2024 £ | 2023 £
Due after one year |  |
Other non-current financial liabilities | (2,935) | 42

7 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary Shares of £1 each | 5,000 | 5,000 | 5,000 | 5,000

8 | Related party transactions

Lovis Global Limited

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

Director's remuneration

The director's remuneration for the year was as follows:

| 2024 £ | 2023 £
Remuneration | 88,860 | 88,860

Summary of transactions with associates

Lovis Worldwide Limited Provision of management and consultancy services from Lovis Worldwide Limited. The outstanding balance as at 31 December 2024 is £3,620 (2023: £Nil). The total value of purchases in the year is £NIL (2023: £NIL). Provision of management and consultancy services to Lovis Worldwide Limited. The outstanding balance receivable as at 31 December 2024 is £666,168 (2023: £510,400l). The total value of sales in the year is £156,228 (2023: £199,588).
Lovis Consulting S.L. Provision of management and consultancy services from Lovis Consulting S.L. The outstanding balance as at 31 December 2024 is £NIL (2023: £NIL). The total value of purchases in the year is £NIL (2023: £NIL).
Lovis Holdings Limited Provision of management and consultancy services from Lovis Holdings Limited. The outstanding balance receivable as at 31 December 2024 is £NIL (2023: £NIL). The total value of sales in the year is £NIL (2023:NIL).