Lit Ott Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12251776 (England and Wales)

Unaudited Financial Statements

for the Period 1 January 2022 to 30 November 2022

for

Lit Ott Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I M Pompadur

Ms C E Rosencrantz

R Sebastian

M J Wells

A Woolfe

REGISTERED OFFICE:

Studio 55, Great Western Studios

65 Alfred Road

London

W2 5EU

REGISTERED NUMBER:

12251776 (England and Wales)

ACCOUNTANTS:

We`ll Mind Your Own Business LTD

39 Long Acre

London

WC2E 9LG

FIXED ASSETS

Intangible assets

4

7,430

8,531

CURRENT ASSETS

Debtors

5

59

59

Cash at bank

-

580

59

639

CREDITORS

Amounts falling due within one year

6

10,782

1,244,565

NET CURRENT LIABILITIES

(10,723

)

(1,243,926

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,293

)

(1,235,395

)

CAPITAL AND RESERVES

Called up share capital

62

62

Share premium

1,515,424

1,515,424

Retained earnings

(1,518,779

)

(2,750,881

)

(3,293

)

(1,235,395

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2022 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 6 January 2023 and were signed on its behalf by:

A Woolfe - Director

1.	STATUTORY INFORMATION

Lit Ott 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2021 - NIL).

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 January 2022

and 30 November 2022

11,008

AMORTISATION

At 1 January 2022

2,477

Amortisation for period

1,101

At 30 November 2022

3,578

NET BOOK VALUE

At 30 November 2022

7,430

At 31 December 2021

8,531

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.22

31.12.21

£

£

Other debtors

59

59

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.22

31.12.21

£

£

Trade creditors

10,082

537,078

VAT

-

90,080

Other creditors

-

616,457

Accrued expenses

700

950

10,782

1,244,565

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are C E Rosencrantz and A Woolfe.