Lotties Ventures Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13903805

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		27,200		40,800
Tangible Assets	5		34,763		49,330

			61,963		90,130
CURRENT ASSETS
Stocks	6	3,000		2,535
Debtors	7	12,904		18,092
Cash at bank and in hand		2,481		1,788

		18,385		22,415
Creditors: Amounts Falling Due Within One Year	8	(531,510 )		(454,000 )

NET CURRENT ASSETS (LIABILITIES)			(513,125 )		(431,585 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(451,162 )		(341,455 )

NET LIABILITIES			(451,162 )		(341,455 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(451,262 )		(341,555 )

SHAREHOLDERS' FUNDS			(451,162)		(341,455)

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Lotties Ventures Ltd

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Nicola Gosling Director	Miss Charlotte Gosling Director
22nd September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Lotties Ventures Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13903805 . The registered office is 9 Byford Court, Crockatt Road, Hadleigh, Suffolk, IP7 6RD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

With the directors support, they have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 5 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing Balance
Fixtures & Fittings	15% Reducing Balance

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2024: 13)

4. Intangible Assets

	Goodwill
	£
Cost
As at 29 February 2024	68,000

As at 28 February 2025	68,000

Amortisation
As at 29 February 2024	27,200
Provided during the period	13,600

As at 28 February 2025	40,800

...CONTINUED

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Lotties Ventures Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

Net Book Value
As at 28 February 2025	27,200

As at 29 February 2024	40,800

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 29 February 2024	75,251	7,601	82,852
Additions	1,433	-	1,433
Disposals	(9,400 )	-	(9,400 )

As at 28 February 2025	67,284	7,601	74,885

Depreciation
As at 29 February 2024	31,575	1,947	33,522
Provided during the period	10,415	848	11,263
Disposals	(4,663 )	-	(4,663 )

As at 28 February 2025	37,327	2,795	40,122

Net Book Value
As at 28 February 2025	29,957	4,806	34,763

As at 29 February 2024	43,676	5,654	49,330

6. Stocks

	2025	2024
	£	£
Stock	3,000	2,535

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	79	13,998
Other debtors	12,825	4,094

	12,904	18,092

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	12,575	1,017
Other creditors	512,978	447,939
Taxation and social security	5,957	5,044

	531,510	454,000

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Lotties Ventures Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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