Lulham Ltd. Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09714727

Lulham Ltd.

Filleted Unaudited Financial Statements

29 August 2025

Lulham Ltd.

Statement of Financial Position

29 August 2025

	29 Aug 25		30 Aug 24
Note	£	£	£

Fixed assets

Tangible assets	5		38,879	48,700

Current assets

Stocks		6,748	6,000
Debtors	6	37,830	42,160
Cash at bank and in hand		1,234	2,006
		--------	--------
		45,812	50,166

Creditors: amounts falling due within one year	7	227,932		195,564
		---------		---------
Net current liabilities			182,120	145,398
			---------	---------
Total assets less current liabilities			( 143,241)	( 96,698)

Creditors: amounts falling due after more than one year	8		14,992	14,992

Provisions

Taxation including deferred tax	( 35,972)	( 27,112)
	---------	--------
Net liabilities	( 122,261)	( 84,578)
	---------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 122,361)	( 84,678)
	---------	--------
Shareholder deficit	( 122,261)	( 84,578)
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 29 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Lulham Ltd.

Statement of Financial Position (continued)

29 August 2025

These financial statements were approved by the board of directors and authorised for issue on 26 August 2026 , and are signed on behalf of the board by:

Mr G Lulham
Director

Company registration number: 09714727

Lulham Ltd.

Notes to the Financial Statements

Period from 31 August 2024 to 29 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is c/o Sin City Nightclub, 14/16 Dillwyn Street, City Centre, Swansea, SA1 4AQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Short leasehold property improvements	-	4% straight line
Equipment	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 20 (2024: 19 ).

5. Tangible assets

	Land and buildings	Equipment	Total
	£	£	£
Cost
At 31 August 2024	9,530	148,595	158,125
Additions	–	791	791
	-------	---------	---------
At 29 August 2025	9,530	149,386	158,916
	-------	---------	---------
Depreciation
At 31 August 2024	1,144	108,281	109,425
Charge for the period	335	10,277	10,612
	-------	---------	---------
At 29 August 2025	1,479	118,558	120,037
	-------	---------	---------
Carrying amount
At 29 August 2025	8,051	30,828	38,879
	-------	---------	---------
At 30 August 2024	8,386	40,314	48,700
	-------	---------	---------

6. Debtors

	29 Aug 25	30 Aug 24
	£	£
Trade debtors	377	4,707
Other debtors	37,453	37,453
	--------	--------
	37,830	42,160
	--------	--------

7. Creditors: amounts falling due within one year

	29 Aug 25	30 Aug 24
	£	£
Bank loans and overdrafts	20,202	17,456
Trade creditors	5,256	19,905
Social security and other taxes	196,608	137,619
Other creditors	5,866	20,584
	---------	---------
	227,932	195,564
	---------	---------

8. Creditors: amounts falling due after more than one year

	29 Aug 25	30 Aug 24
	£	£
Bank loans and overdrafts	14,992	14,992
	--------	--------

In 2020 the company received a £50,000 bounce back loan with an interest rate of 2.5% per annum. The loan is for 6 years with the first 12 months interest paid by the UK Government.