Ludwig Associates Ltd - Accounts to registrar (filleted) - small 23.1.2

Ludwig Associates Ltd - Accounts to registrar (filleted) - small 23.1.2

LUDWIG ASSOCIATES LTD - Company Information

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REGISTERED NUMBER: 07709991 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

LUDWIG ASSOCIATES LTD
LUDWIG ASSOCIATES LTD (REGISTERED NUMBER: 07709991)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LUDWIG ASSOCIATES LTD

Company Information
for the Year Ended 31 March 2023







DIRECTORS: N Imrie
J M Imrie





REGISTERED OFFICE: 20-22 Wenlock Road
London
N1 1GU





REGISTERED NUMBER: 07709991 (England and Wales)





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LUDWIG ASSOCIATES LTD (REGISTERED NUMBER: 07709991)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 105,998 105,998

CURRENT ASSETS
Debtors 5 11,060 9,806
Cash at bank - 4,178
11,060 13,984
CREDITORS
Amounts falling due within one year 6 1,727 1,728
NET CURRENT ASSETS 9,333 12,256
TOTAL ASSETS LESS CURRENT
LIABILITIES
115,331
118,254

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 115,330 118,253
SHAREHOLDERS' FUNDS 115,331 118,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 14 July 2023 and were signed on its behalf by:





N Imrie - Director


The notes form part of these financial statements

2
LUDWIG ASSOCIATES LTD (REGISTERED NUMBER: 07709991)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Ludwig Associates Ltd 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Current asset investments are at the lower of cost and net realisable value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

3
LUDWIG ASSOCIATES LTD (REGISTERED NUMBER: 07709991)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 105,998
NET BOOK VALUE
At 31 March 2023 105,998
At 31 March 2022 105,998

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 11,060 9,806

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Accrued expenses 1,727 1,728

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
N Imrie
Balance outstanding at start of year 9,806 -
Amounts advanced 1,254 9,806
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,060 9,806

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N Imrie.

4