Company: LSEB
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001199835-25-000233
Chunk: 511

Company: LSEB Creative Corp.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 7
Chunk 511
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 since inception. This raises substantial doubt about its ability to continue as a
going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional
capital and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company
is unable to continue as a going concern. The Company’s ability to raise additional capital through the future issuances of common
stock is unknown. The obtainment of additional financing, the successful development of the Company’s plan of operations, and its
transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. The ability
to successfully resolve these factors raise substantial doubt about the Company’s ability to continue as a going concern. Therefore,
our auditors opinion has raised substantial doubt about our ability to continue as a going concern.

Management
believes that actions presently being taken to obtain additional funding and the implementation of its strategic plans provide the opportunity
for the Company to continue as a going concern.

Revenue

The
Company generated $20,537 in sales during the year ended March 31, 2025, and $3,989 for the year ended March 31, 2024. The Company launched
its new e-commerce platform, laurenbentleyswim.com in October 2023. The Company has received its bulk production from its factory in
Portugal in order to generate revenues as the Company expands its operations.

Operating
Expenses

Operating
expenses for the years ended March 31, 2025 and March 31, 2024 were $168,163 and $164,424, respectively. The operating expenses during
the year ended March 31, 2025 and March 31, 2024 were primarily attributed to advertising and promotion expenses, consulting expenses,
professional fees related to the Company’s yearly audit and quarterly reviews, and general expenses related to travel to visit
the Company’s factories in Portugal. 

38

 Net
loss

We
reported a net loss of $160,011 and $163,553 for the years ended March 31, 2025 and March 31, 2024, respectively. The ongoing loss was
primarily due to the consulting expenses, professional fees, advertising and promotion, and travel expenses as indicated above

During
the years ended March 31, 2025 and March 31, 2024 the Company recorded $59,574 and $30,073 in Legal and