LSEB Creative Corp. Files 2024 10-K

TL;DR

LSEB Creative Corp. filed its annual 10-K for FY24 ending March 31. Details on financials and operations are now public.

AI Summary

LSEB Creative Corp. filed its 10-K for the fiscal year ending March 31, 2024. The company, incorporated in Wyoming, operates in the Men's & Boys' Furnishings sector. Its principal business address is in Sheridan, WY. The filing covers the period from April 1, 2023, to March 31, 2024.

Why It Matters

This filing provides investors with a comprehensive overview of LSEB Creative Corp.'s financial performance and business operations for the fiscal year 2024, crucial for investment decisions.

Risk Assessment

Risk Level: low — This is a standard annual report filing with no immediate red flags or significant new information presented in the provided snippet.

Key Numbers

• FY 2024 — Fiscal Year End (The reporting period covered by the 10-K filing.)
• 03-31 — Fiscal Year End Date (Specific end date for the fiscal year 2024.)
• 2024-03-31 — Report End Date (The end date of the reporting period.)
• 2023-04-01 — Report Start Date (The start date of the reporting period.)

Key Players & Entities

• LSEB Creative Corp. (company) — Filer of the 10-K
• 20240331 (date) — Conformed period of report
• 20240716 (date) — Filed as of date
• 0001888740 (company) — Central Index Key for LSEB Creative Corp.
• 2320 (dollar_amount) — Standard Industrial Classification code for Men's & Boys' Furnishings
• 834415385 (dollar_amount) — IRS Number
• WY (company) — State of Incorporation
• 82801 (dollar_amount) — ZIP code for business and mail address
• (902) 305-4177 (dollar_amount) — Business phone number

FAQ

Key Financial Figures

• $2.73 — the common equity last sold (which was $2.73 per share). For purposes of the above s
• $554,534 — have incurred an accumulated deficit of $554,534. Based on our financial history since i
• $7.7 — rect, indirect and induced) of a record $7.7 trillion in 2022. According to recent d

Filing Documents

• lseb-10k.htm (10-K) — 834KB
• lseb-ex31_1.htm (EX-31.1) — 20KB
• lseb-ex31_2.htm (EX-31.2) — 20KB
• lseb-ex32_1.htm (EX-32.1) — 7KB
• lseb-ex32_2.htm (EX-32.2) — 7KB
• lc001_v2.jpg (GRAPHIC) — 8KB
• lc002_v2.jpg (GRAPHIC) — 7KB
• lc003_v2.jpg (GRAPHIC) — 7KB
• lc004_v2.jpg (GRAPHIC) — 32KB
• lc005_v1.jpg (GRAPHIC) — 5KB
• lc006_v1.jpg (GRAPHIC) — 4KB
• 0001199835-24-000251.txt ( ) — 3067KB
• lseb-20240331.xsd (EX-101.SCH) — 22KB
• lseb-20240331_cal.xml (EX-101.CAL) — 31KB
• lseb-20240331_def.xml (EX-101.DEF) — 33KB
• lseb-20240331_lab.xml (EX-101.LAB) — 151KB
• lseb-20240331_pre.xml (EX-101.PRE) — 121KB
• lseb-10k_htm.xml (XML) — 279KB

forward-looking statements

forward-looking statements. We cannot predict all of the risks and uncertainties. Accordingly, such information should not be regarded as representations that the results or conditions described in such statements or that our objectives and plans will be achieved and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. These forward-looking statements are found at various places throughout this Annual Report on Form 10-K and include information concerning possible or assumed future results of our operations, including of management; any other statements regarding future acquisitions, future cash needs, future operations, business plans and future financial results, and any other statements that are not historical facts. These forward-looking statements represent our intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, uncertainties and other factors. Many of those factors are outside of our control and could cause actual results to differ materially from the results expressed or implied by those forward-looking statements. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements might not occur or might occur to a different extent or at a different time than we have described. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of the Annual Report on Form 10-K. All subsequent written and oral forward-looking statements concerning other matters addressed in this Annual Report on Form 10-K and attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this Annual Report on Form 10-K. Except to the extent required

BUSINESS

BUSINESS 5 ITEM 1A.

RISK FACTORS

RISK FACTORS 21 ITEM 1B. UNRESOLVED STAFF COMMENTS 31 ITEM 1C. CYBERSECURITY 31 ITEM 2.

PROPERTIES

PROPERTIES 31 ITEM 3.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 31 ITEM 4. MINE SAFETY DISCLOSURES 31 PART II ITEM 5. MARKET FOR THE REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES 32 ITEM 6.

SELECTED FINANCIAL DATA

SELECTED FINANCIAL DATA 35 ITEM 7.

MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 35 ITEM 7A.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 41 ITEM 8.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 42 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURES 57 ITEM 9A.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 57 ITEM 9B. OTHER INFORMATION 58 PART III ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 58 ITEM 11.

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 60 ITEM 12.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 62 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 62 ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES 63 PART IV ITEM 15. EXHIBITS AND SIGNATURES 64 4 PART I ITEM 1. BUSINESS General LSEB Creative Corp., was incorporated in the State of Wyoming on April 3, 2019. On August 3, 2023, the Company incorporated its wholly-owned subsidiary 1000615000 Ontario Corp, an Ontario corporation, and on September 12, 2023 filed articles of amendment to changed its name to LSEB Creative Corp (Ontario). Our business office is located at 30 N. Gould St. #4000, Sheridan, WY 82801. Our telephone number is 1-800-701-8561. We were founded by Lauren Bentley, who serves as our President and Director, and Jordan Starkman who serves as the Companys CFO and director. The Company is a specialty retailer that offers men and women elevated swimwear designs, constructed with the highest quality materials and techniques. With the recent substantial growth seen in the swimwear industry, our affluent, contemporary target market is in search of assortment and impressive concepts. By offering a new concept to swimwear; gender-coordinating collections that allow the wearer to look and feel powerful, partnered or individually, we will capture this new, sought-after space within the market. Our priority is to design products that offer superior fit, performance, and comfort while incorporating both function and fashionability. Our strategy is to capitalize on these existing opportunities in the luxury swimwear market through the development and growth of our web site www.laurenbentleyswim.com , and wholesaler partnerships on a global scale. We believe eCommerce will allow our target market convenient and easy access to our products while effectively building brand awareness and entry into new markets. We are committed to building a highly recognized br

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View this 10-K filing on SEC EDGAR