Lotce Holdings Limited - Accounts to registrar (filleted) - small 18.2

Lotce Holdings Limited - Accounts to registrar (filleted) - small 18.2

LOTCE HOLDINGS LIMITED - Company Information

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REGISTERED NUMBER: 07893502 (England and Wales)








LOTCE HOLDINGS LIMITED

Unaudited Financial Statements

For The Year Ended 31 December 2018





LOTCE HOLDINGS LIMITED (REGISTERED NUMBER: 07893502)

Contents of the Financial Statements
For The Year Ended 31 December 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOTCE HOLDINGS LIMITED

Company Information
For The Year Ended 31 December 2018







DIRECTOR: C R Shiret





REGISTERED OFFICE: 1 Nelson Street
Southend on Sea
Essex
SS1 1EG





REGISTERED NUMBER: 07893502 (England and Wales)





ACCOUNTANTS: Wilkins Kennedy
1 - 5 Nelson Street
Southend on Sea
Essex
SS1 1EG
Page 1
LOTCE HOLDINGS LIMITED (REGISTERED NUMBER: 07893502)

Balance Sheet
31 December 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,530 3,373
Investments 5 12,000 12,000
14,530 15,373

CURRENT ASSETS
Debtors 6 1 1
Cash at bank 17 126
18 127
CREDITORS
Amounts falling due within one year 7 1,412,723 1,410,950
NET CURRENT LIABILITIES (1,412,705 ) (1,410,823 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(1,398,175
)
(1,395,450
)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,398,176 ) (1,395,451 )
SHAREHOLDERS' FUNDS (1,398,175 ) (1,395,450 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
LOTCE HOLDINGS LIMITED (REGISTERED NUMBER: 07893502)

Balance Sheet - continued
31 December 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 22 March 2019 and were signed by:





C R Shiret - Director


The notes form part of these financial statements

Page 3
LOTCE HOLDINGS LIMITED (REGISTERED NUMBER: 07893502)

Notes to the Financial Statements
For The Year Ended 31 December 2018


1. STATUTORY INFORMATION

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

The accounts have been prepared on the going concern basis as the directors have indicated that they are not
planning to call upon their loan positions to be repaid in the foreseeable future.

Significant judgements and estimates
The preparation of financial statements requires management to make judgements, estimates and assumptions
about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates
and underlying assumptions are based on historical experience and other factors that are considered to be
relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates
are recognised in the period in which the estimate is revised if the revision affects only that period, or in the
period of the revision and future periods if the revision affects both current and future periods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Computer equipment is measured at cost less accumulated depreciation and accumulated impairment losses.

Investments in subsidiaries
Investments in subsidiaries are accounted for at cost less impairment in the financial statements.

Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or
past reporting periods using tax rates that have been enacted or substantively enacted by the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and
other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against
future taxable profits or against the reversal of deferred tax liabilities.

Deferred tax relating to a non-depreciable asset that is measured using the revaluation model, or to investment
properties measured at fair value, is measured using the tax rates and allowances that apply to the sale of the
asset.

In a business combination, a deferred tax liability or asset is recognised for the additional tax that will be paid or
avoided in respect of that difference. The amount that is attributable to goodwill is adjusted by the amount of the
deferred tax recognised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

Page 4 continued...
LOTCE HOLDINGS LIMITED (REGISTERED NUMBER: 07893502)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2018


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2018
and 31 December 2018 16,200
DEPRECIATION
At 1 January 2018 12,827
Charge for year 843
At 31 December 2018 13,670
NET BOOK VALUE
At 31 December 2018 2,530
At 31 December 2017 3,373

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2018
and 31 December 2018 12,000
NET BOOK VALUE
At 31 December 2018 12,000
At 31 December 2017 12,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 1 1

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other creditors 1,412,723 1,410,950

Other creditors includes £911,673 (2017: £908,850) of loans from the directors.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year amounts were advanced to the Company at various points by the director. These advances
totalled £2,823 (2017: £4,100).

The total amounts outstanding as at the year end date, was £911,673

Page 5 continued...
LOTCE HOLDINGS LIMITED (REGISTERED NUMBER: 07893502)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2018


9. ULTIMATE CONTROLLING PARTY

The controlling party is C R Shiret.

Page 6