Company Registration No. 10570515 (England and Wales)
Lovibonds Contracts Ltd
Unaudited accounts
for the year ended 31 January 2021
Lovibonds Contracts Ltd
Unaudited accounts
Contents
Lovibonds Contracts Ltd
Company Information
for the year ended 31 January 2021
Company Number
10570515 (England and Wales)
Registered Office
38 Morland Road
Harrow
London
HA3 9LU
United Kingdom
Lovibonds Contracts Ltd
Statement of financial position
as at 31 January 2021
Investments
1,800,041
1,800,041
Cash at bank and in hand
1
1
Creditors: amounts falling due within one year
(41)
(41)
Net current liabilities
(40)
(40)
Total assets less current liabilities
1,800,001
1,800,001
Creditors: amounts falling due after more than one year
(2,410,000)
(2,410,000)
Net liabilities
(609,999)
(609,999)
Called up share capital
1
1
Profit and loss account
(610,000)
(610,000)
Shareholders' funds
(609,999)
(609,999)
For the year ending 31 January 2021 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 January 2022 and were signed on its behalf by
S Kanoria
Director
Company Registration No. 10570515
Lovibonds Contracts Ltd
Notes to the Accounts
for the year ended 31 January 2021
Lovibonds Contracts Ltd is a private company, limited by shares, registered in England and Wales, registration number 10570515. The registered office is 38 Morland Road, Harrow, London, HA3 9LU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention unless otherwise specified within these accounting policies.
The accounts are presented in £ sterling.
At the balance sheet date, the company had a net deficit. The company has obtained assurances to continued financial support from its parent company, which has confirmed that its loan will only be recalled when the company has sufficient funds available to repay it. The parent has further confirmed ongoing financial assistance will be provided as necessary. The accounts have therefore been prepared on a going concern basis which, in the opinion of the director, is wholly appropriate.
Investment in associate is measured at cost less impairment.
4
Investments
Other investments
Valuation at 1 February 2020
1,800,041
Valuation at 31 January 2021
1,800,041
Investment in associate:
The company holds 40% interest in the ordinary shares of Hanover Holding Ltd, which is engaged in buying and selling of its own real estate.
5
Creditors: amounts falling due within one year
2021
2020
6
Creditors: amounts falling due after more than one year
2021
2020
Other creditors
2,410,000
2,410,000
Lovibonds Contracts Ltd
Notes to the Accounts
for the year ended 31 January 2021
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 0 (2020: 0).
