Company: LSEB
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001199835-25-000233
Chunk: 370

Company: LSEB Creative Corp.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 4
Chunk 370
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in meeting the listing requirements or qualifying for a listing on the Nasdaq exchange.

Results
of Operations for the years ended March 31, 2025 and 2024

The
following discussion and analysis of our financial condition and results of operations should be read in conjunction with the financial
statements and notes thereto for the years ended March 31, 2025 and March 31, 2024, and related management discussion herein.

Our
financial statements are stated in U.S. Dollars and are prepared in accordance with generally accepted accounting principles of the United
States (“GAAP”).

Going
Concern

Several
conditions and events cast substantial doubt about the Company’s ability to continue as a going concern. As reflected in the accompanying
financial statements, the Company has limited revenue from operations and has an accumulated deficit $714,545 as of March 31, 2025 since
its inception and requires capital for its contemplated operational and marketing activities to take place. In addition, the Company
has experienced negative cash flows from operations 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