LOODY LTD 28/02/2023 iXBRL

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Company registration number: 11843275

LOODY LTD

Unaudited filleted financial statements

28 February 2023

LOODY LTD

Contents

Directors and other information

Directors report

Statement of financial position and notes to the financial statements

LOODY LTD

Directors and other information


	Directors	Mr Enrico Giuliani
		Mr Fabio Tarantino


	Company number	11843275


	Registered office	14 Glebe House
		Slippers Place
		London
		SE16 2EP


	Business address	14 Glebe House
		Slippers Place
		London
		SE16 2EP


	Accountants	STERLING WISE
		Chartered Certified Accountants
		85 Lynton Avenue
		London
		NW9 6PB




	Bankers	Starling Bank

		Transferwise Bank

LOODY LTD

Directors report

Year ended 28 February 2023

The directors present their report and the unaudited financial statements of the company for the year ended 28 February 2023.

Directors

The directors who served the company during the year were as follows:

Mr Enrico Giuliani

Mr Fabio Tarantino

Dividends

The directors do not recommend the payment of a dividend.

Directors responsibilities statement

The directors are responsible for preparing the strategic report, directors report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors 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 the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and 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. They are 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 directors are 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.

This report was approved by the board of directors on 19 May 2023 and signed on behalf of the board by:

Mr Enrico Giuliani

Director

LOODY LTD

Statement of financial position

28 February 2023

	2023	2022
	£	£

Fixed assets	-	354
	_______	_______

Current assets	6,209	4,840

Creditors: amounts falling due within one year	( 9,982)	( 10,062)
	_______	_______

Net current liabilities	( 3,773)	( 5,222)
	_______	_______

Total assets less current liabilities	( 3,773)	( 4,868)

Accruals and deferred income	( 240)	( 400)

	_______	_______
Net liabilities	( 4,013)	( 5,268)
	_______	_______

Capital and reserves	( 4,013)	( 5,268)
	_______	_______

Notes to the financial statements

LOODY LTD

Year ended 28 February 2023

1. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2023
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Enrico Giuliani	( 5,274)	283	( 4,991)
	Mr Fabio Tarantino	( 2,865)	( 2,127)	( 4,992)
		_______	_______	_______
		( 8,139)	( 1,844)	( 9,983)
		_______	_______	_______

2022
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Enrico Giuliani	( 2,865)	( 2,409)	( 5,274)
	Mr Fabio Tarantino	( 2,865)	-	( 2,865)
		_______	_______	_______
		( 5,730)	( 2,409)	( 8,139)
		_______	_______	_______

For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsiblities:

- 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved by the board of directors and authorised for issue on 19 May 2023 , and are signed on behalf of the board by:

Mr Enrico Giuliani

Director

Company registration number: 11843275

The company is a private company limited by shares, registered in England.

LOODY LTD

The following pages do not form part of the statutory accounts.

LOODY LTD

Report to the board of directors on the preparation of the

unaudited statutory financial statements of LOODY LTD

Year ended 28 February 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of LOODY LTD for the year ended 28 February 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the board of directors of LOODY LTD, as a body, in accordance with the terms of our engagement letter dated 26 June 2020. Our work has been undertaken solely to prepare for your approval the financial statements of LOODY LTD and state those matters that we have agreed to state to the board of directors of LOODY LTD as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LOODY LTD and its board of directors as a body for our work or for this report.

It is your duty to ensure that LOODY LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of LOODY LTD. You consider that LOODY LTD 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 financial statements of LOODY LTD. 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 financial statements.

STERLING WISE

Chartered Certified Accountants

85 Lynton Avenue

London

NW9 6PB

19 May 2023