Leni's Model Management Limited - Accounts

LENI'S MODEL MANAGEMENT LIMITED - Company Information

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Registered Number: 06931305

England and Wales

LENI'S MODEL MANAGEMENT LIMITED

Unaudited Financial Statements

Period of accounts

Start date: 01 June 2021

End date: 31 May 2022

Leni's Model Management Limited
Contents Page
For the year ended 31 May 2022

Company information	1
Director's report	2
Accountants' report	3
Statement of financial position	4
Notes to the financial statements	5
Statement of changes in equity	6

Leni's Model Management Limited
Company Information
For the year ended 31 May 2022

Director	Eleni Renton
Registered Number	06931305
Registered Office	10 Laystall Street London EC1R 4PA
Accountants	Cubed Consultancy Limited 6-7 Waterside Station Road Harpenden Hertfordshire AL5 4US

Leni's Model Management Limited
Director's Report
For the year ended 31 May 2022

Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 May 2022

Director
The director who served the company throughout the year was as follows:

Eleni Renton

Statement of director's responsibilities

The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to

select suitable accounting policies and then apply them consistently
make judgments and accounting estimates that are reasonable and prudent
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.

----------------------------------
Eleni Renton
Director

Date approved: 28 February 2023

Leni's Model Management Limited Accountants' Report For the year ended 31 May 2022
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Leni's Model Management Limited for the year ended 31 May 2022. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Leni's Model Management Limited for the year ended 31 May 2022 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Leni's Model Management Limited , as a body, in accordance with the terms of our engagement letter dated 28 February 2023. Our work has been undertaken solely to prepare for your approval the accounts of Leni's Model Management Limited and state those matters that we have agreed to state to the Board of Directors of Leni's Model Management Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Leni's Model Management Limited and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Leni's Model Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Leni's Model Management Limited . You consider that Leni's Model Management Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Leni's Model Management Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the period ended 31 May 2022. .................................................... Cubed Consultancy Limited 6-7 Waterside Station Road Harpenden Hertfordshire AL5 4US 28 February 2023 3

Leni's Model Management Limited
Accountants' Report
For the year ended 31 May 2022

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Leni's Model Management Limited for the year ended 31 May 2022.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Leni's Model Management Limited for the year ended 31 May 2022 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Leni's Model Management Limited , as a body, in accordance with the terms of our engagement letter dated 28 February 2023. Our work has been undertaken solely to prepare for your approval the accounts of Leni's Model Management Limited and state those matters that we have agreed to state to the Board of Directors of Leni's Model Management Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Leni's Model Management Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Leni's Model Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Leni's Model Management Limited . You consider that Leni's Model Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Leni's Model Management Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the period ended 31 May 2022.

....................................................
Cubed Consultancy Limited
6-7 Waterside
Station Road
Harpenden
Hertfordshire
AL5 4US
28 February 2023

Leni's Model Management Limited
Statement of Financial Position
As at 31 May 2022

	Notes	2022 £	2021 £
Fixed assets
Tangible fixed assets	3	11,017	20,865
		11,017	20,865
Current assets
Debtors	4	722,461	801,017
Cash at bank and in hand		36,951	88,058
		759,412	889,075
Creditors: amount falling due within one year	5	(854,189)	(754,743)
Net current liabilities		(94,777)	134,332

Total assets less current liabilities		(83,760)	155,197
Creditors: amount falling due after more than one year	6	(192,500)	(278,750)
Net liabilities		(276,260)	(123,553)

Capital and reserves
Called up share capital		100	100
Other Comprehensive Income	7	0	124
Profit and loss account		(276,360)	(123,777)
Shareholder's funds		(276,260)	(123,553)

For the year ended 31 May 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 28 February 2023 and were signed by:

--------------------------------
Eleni Renton
Director

Leni's Model Management Limited
Statement of Changes in Equity
For the year ended 31 May 2022

	Equity share capital	Retained Earnings	Total
	£	£	£
At 01 June 2020	100	165,723	165,823
Profit for the year		(289,500)	(289,500)
Total comprehensive income for the year	-	(289,500)	(289,500)
Total investments by and distributions to owners	-	-	-
At 31 May 2021	100	(123,777)	(123,677)
At 01 June 2021	100	(123,777)	(123,677)
Profit for the year		(152,583)	(152,583)
Total comprehensive income for the year	-	(152,583)	(152,583)
Total investments by and distributions to owners	-	-	-
At 31 May 2022	100	(276,360)	(276,260)

Leni's Model Management Limited
Notes to the Financial Statements
For the year ended 31 May 2022

General Information

Leni's Model Management Limited is a private company, limited by shares, registered in England and Wales, registration number 06931305, registration address 10 Laystall Street, London, EC1R 4PA.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
The financial statements have been prepared on the going concern basis on the assumption that the company will continue to trade for the foreseeable future, even though it had net liabilities of £72,172 ( 2020 - £217,304 net assets) as at the balance sheet date.
The director considers the going concern basis to be appropriate as, in her opinion, the company will be able to secure sufficient funding to enable it to pay its debts as they fall due.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts for the provision of model management services.

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment	33% Straight Line
Fixtures and Fittings	20% Straight Line
Model Flat Equipment	20% Straight Line
Office Equipment	20% Straight Line

2.	Average number of employees Average number of employees during the year was 5 (2021 : 19).

Tangible fixed assets

Cost or valuation	Office Equipment	Model Flat Equipment	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£	£
At 01 June 2021	76,268	37,517	33,600	10,261	157,646
Additions	332	1,970	-	666	2,968
Disposals	-	-	-	-	-
At 31 May 2022	76,600	39,487	33,600	10,927	160,614
Depreciation
At 01 June 2021	72,202	26,719	32,750	5,110	136,781
Charge for year	2,708	6,832	568	2,708	12,816
On disposals	-	-	-	-	-
At 31 May 2022	74,910	33,551	33,318	7,818	149,597
Net book values
Closing balance as at 31 May 2022	1,690	5,936	282	3,109	11,017
Opening balance as at 01 June 2021	3,732	10,798	850	5,485	20,865

Debtors: amounts falling due within one year

	2022 £	2021 £
Trade Debtors	481,915	461,154
Prepayments & Accrued Income	194,187	202,299
Other Debtors	46,359	62,314
Directors' Current Accounts	0	75,250
	722,461	801,017

Creditors: amount falling due within one year

	2022 £	2021 £
Trade Creditors	355,910	389,943
Bank Loans & Overdrafts (Secured)	248,531	77,500
Bank Loans & Overdrafts	60,000	60,000
Corporation Tax	34,995	18,797
PAYE & Social Security	6,143	3,771
Accrued Expenses	3,357	852
Other Creditors	14,614	35,809
Directors' Current Accounts	30,813	0
VAT	99,826	168,071
	854,189	754,743

Creditors: amount falling due after more than one year

	2022 £	2021 £
Bank Loans & Overdrafts (secured)	0	38,750
Bank Loans & Overdrafts	192,500	240,000
	192,500	278,750

Other Comprehensive Income

	2022 £		2021 £
Foreign currency adjustments	0		124
	0		124