Registered number
06338697
LOVELACE LODGE COMPANY LIMITED
Filleted Accounts
31 December 2024
LOVELACE LODGE COMPANY LIMITED
Registered number: 06338697
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 4 4
Cash at bank and in hand 1,721 2,351
1,725 2,355
Net current assets 1,725 2,355
Net assets 1,725 2,355
Capital and reserves
Called up share capital 4 4
Profit and loss account 1,721 2,351
Shareholders' funds 1,725 2,355
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
I Purse
Director
Approved by the board on 30 September 2025
LOVELACE LODGE COMPANY LIMITED
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 1
3 Debtors 2024 2023
£ £
Other debtors 4 4
4 Controlling party
No one person has control of the company as the four issued shares are held by four independent individuals.
5 Other information
LOVELACE LODGE COMPANY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
8 Sea Grove
Selsey
Chichester
West Sussex
PO20 9HT
LOVELACE LODGE COMPANY LIMITED 06338697 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 I Purse No description of principal activity 06338697 2023-01-01 2023-12-31 06338697 core:ShareCapital 2023-12-31 06338697 core:RetainedEarningsAccumulatedLosses 2023-12-31 06338697 2024-01-01 2024-12-31 06338697 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06338697 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06338697 bus:Director40 2024-01-01 2024-12-31 06338697 1 2024-01-01 2024-12-31 06338697 countries:England 2024-01-01 2024-12-31 06338697 bus:FRS102 2024-01-01 2024-12-31 06338697 bus:FilletedAccounts 2024-01-01 2024-12-31 06338697 2024-12-31 06338697 core:ShareCapital 2024-12-31 06338697 core:RetainedEarningsAccumulatedLosses 2024-12-31 06338697 2023-12-31 iso4217:GBP xbrli:pure