Loverail.com Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09864951 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2018

FOR

LOVERAIL.COM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M P Furlong

Mr G N Parrish

SECRETARY:

Mr M P Furlong

REGISTERED OFFICE:

C/O Cox Costello & Horne

4th & 5th Floor

14-15 Lower Grosvenor Place

London

SW1W 0EX

REGISTERED NUMBER:

09864951 (England and Wales)

ACCOUNTANTS:

Cox Costello & Horne

Chartered Accountants and Tax Advisors

4th & 5th Floor

14-15 Lower Grosvenor Place

London

SW1W 0EX

CURRENT ASSETS

Debtors

4

2,000

2,000

Cash at bank

506

58

2,506

2,058

CREDITORS

Amounts falling due within one year

5

10,710

9,330

NET CURRENT LIABILITIES

(8,204

)

(7,272

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,204

)

(7,272

)

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

(10,204

)

(9,272

)

SHAREHOLDERS' FUNDS

(8,204

)

(7,272

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 15 August 2019 and were signed on its behalf by:

Mr G N Parrish - Director

1.	STATUTORY INFORMATION

Loverail.com 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

When preparing financial statements, directors shall make an assessment of the company's ability to continue

as a going concern. Financial statements shall be prepared on a going concern basis unless a director either

intends to liquidate the entity or to cease trading, or has no realistic alternative but to do so. The directors have

formed the judgement, at the time of approving the financial statements, that the company has sufficient access

to financial resources which, together with internally generated cash flows, will continue to provide sufficient

sources of liquidity to fund its current operations including its contractual and commercial commitments. For

reasons mentioned, the directors continue to adopt the going concern basis in preparing the financial

statements.

Financial instruments

a) Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the

arrangement constitutes a financing transaction, where the transaction is measured at the present value of the

future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost

using the effective interest method, less any impairment.

b) Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related

parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction,

where the debt instrument is measured at the present value of the future payments discounted at a market rate

of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less

any impairment.

c) Cash at bank and in hand

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and

other short-term highly liquid investments that mature in no more than three months from the date of acquisition

and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Other debtors

2,000

2,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Other creditors

10,710

9,330

Other creditors include directors loan of £10,230 (2017: £8,230).

6.	RELATED PARTY DISCLOSURES

FastRail Ticketing Limited: Mr M P Furlong and Mr G N Parrish were directors and shareholders.

Amount due to related party at the balance sheet date £Nil (2017: £620).

7.	ULTIMATE CONTROLLING PARTY

The directors consider there is no single ultimate controlling party.