Loyco UK Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07234974 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2019

for

Loyco UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Sir K E Mills

D W A Stirling

REGISTERED OFFICE:

33 Broadwick Street

London

W1F 0DQ

REGISTERED NUMBER:

07234974 (England and Wales)

ACCOUNTANTS:

Ward Mackenzie Ltd

Chartered Accountants

Oxford House

15-17 Mount Ephraim Road

Tunbridge Wells

Kent

TN1 1EN

CURRENT ASSETS

Debtors

3

7,629

6,506

Cash at bank

-

2,380

7,629

8,886

CREDITORS

Amounts falling due within one year

4

(1,522

)

(1,342

)

NET CURRENT ASSETS

6,107

7,544

TOTAL ASSETS LESS CURRENT LIABILITIES

6,107

7,544

CAPITAL AND RESERVES

Called up share capital

5

1

1

Retained earnings

6

6,106

7,543

SHAREHOLDERS' FUNDS

6,107

7,544

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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 on 27 January 2020 and were signed on its behalf by:

Sir K E Mills - Director

1.	STATUTORY INFORMATION

Loyco UK 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

7,629

6,506

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

144

-

Tax

106

106

Accrued expenses

1,272

1,236

1,522

1,342

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1

Ordinary

£1

1

1

6.

RESERVES

Retained

earnings

£

At 1 May 2018

7,543

Deficit for the year

(1,437

)

At 30 April 2019

6,106

7.	RELATED PARTY DISCLOSURES

At the year end the company was owed £514 (2018: £514) from Loyco International Limited, a company with Sir K

E Mills as a common director.

At the year end the company was owed £7,115 (2018 : £5,992) from KEM Investments Limited, a company under

the control of director Sir K E Mills and Mr D W A Stirling.

At the year end the company owed £144 (2018 : Nil) to KEM Investments Limited for recharges, a company under

the control of director Sir K E Mills and Mr D W A Stirling.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Sir K E Mills by virtue of holding 100% share capital of the company.