REGISTERED NUMBER: 07086486 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Lore Creative Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr T T Anthony

Ms S L Luckett

Mr R G Platt

REGISTERED OFFICE:

5 Whitebeam Drive

Witham St Hugh's

Lincoln

Lincolnshire

LN6 9WE

REGISTERED NUMBER:

07086486 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

FIXED ASSETS

Tangible assets

4

410

943

CURRENT ASSETS

Stocks

3,901

13,467

Debtors

5

47,051

37,563

Cash at bank

5

5

50,957

51,035

CREDITORS

Amounts falling due within one year

6

54,141

50,677

NET CURRENT (LIABILITIES)/ASSETS

(3,184

)

358

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,774

)

1,301

CREDITORS

Amounts falling due after more than one year

7

-

(875

)

PROVISIONS FOR LIABILITIES

(78

)

(179

)

NET (LIABILITIES)/ASSETS

(2,852

)

247

CAPITAL AND RESERVES

Called up share capital

9

94

94

Retained earnings

(2,946

)

153

SHAREHOLDERS' FUNDS

(2,852

)

247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2026 and were signed on its behalf by:

Mr T T Anthony - Director

1.	STATUTORY INFORMATION

Lore Creative Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

At the year end net current liabilities exceeded net assets by £3,184 (2025 net currect assets of £358). The directors consider it appropriate to prepare the financial statements on a going concern basis and have pledged their support to the business should this be required.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

20% on cost

Stocks

Work in progress is valued as the cost and time spent on assignments prior to completion.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2025

and 31 March 2026

6,359

DEPRECIATION

At 1 April 2025

5,416

Charge for year

533

At 31 March 2026

5,949

NET BOOK VALUE

At 31 March 2026

410

At 31 March 2025

943

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

196

576

Other debtors

46,855

36,987

47,051

37,563

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

15,719

11,522

Trade creditors

1,161

3,756

Taxation and social security

3,171

4,380

Other creditors

34,090

31,019

54,141

50,677

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

875

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

885

6,106

The balance in bank loans in this and the prior year consists of a single loan taken out under the Bounce Back Loan scheme. This loan is secured against a guarantee from the government under which the government guarantees the repayment of the loan if the Company were to default upon it.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

94

Ordinary

£1

94

94

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

£

Mr T T Anthony

Balance outstanding at start of year

14,942

13,860

Amounts advanced

18,999

7,555

Amounts repaid

(14,978

)

(6,473

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

18,963

14,942

Ms S L Luckett

Balance outstanding at start of year

11,399

10,989

Amounts advanced

5,333

9,908

Amounts repaid

(1,815

)

(9,498

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

14,917

11,399

Interest has been charged on these loans based on the official rate prescribed by HMRC and the loans are unsecured.