Company Registration No. 8344468 (England and Wales)
Lucerne House Limited
Unaudited accounts
for the year ended 31 March 2020
Lucerne House Limited
Unaudited accounts
Contents
Lucerne House Limited
Company Information
for the year ended 31 March 2020
Director
Ismail Abdul Azim Ricketts
Company Number
8344468 (England and Wales)
Registered Office
21 LUCERNE ROAD
THORNTON HEATH
SURREY
CR7 7BB
Lucerne House Limited
Statement of financial position
as at 31 March 2020
Intangible assets
30,000
40,000
Tangible assets
318,715
319,644
Cash at bank and in hand
8,905
9,722
Creditors: amounts falling due within one year
(119,336)
(131,352)
Net current liabilities
(110,431)
(121,630)
Total assets less current liabilities
238,284
238,014
Creditors: amounts falling due after more than one year
(168,353)
(161,506)
Called up share capital
100
100
Profit and loss account
69,831
76,408
Shareholders' funds
69,931
76,508
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 March 2021 and were signed on its behalf by
Ismail Abdul Azim Ricketts
Director
Company Registration No. 8344468
Lucerne House Limited
Notes to the Accounts
for the year ended 31 March 2020
Lucerne House Limited is a private company, limited by shares, registered in England and Wales, registration number 8344468. The registered office is 21 LUCERNE ROAD, THORNTON HEATH, SURREY, CR7 7BB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Reducing balance - 20%
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Lucerne House Limited
Notes to the Accounts
for the year ended 31 March 2020
4
Intangible fixed assets
Goodwill
Charge for the year
10,000
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2019
315,000
11,180
326,180
At 31 March 2020
315,000
11,180
326,180
At 1 April 2019
-
6,536
6,536
Charge for the year
-
929
929
At 31 March 2020
-
7,465
7,465
At 31 March 2020
315,000
3,715
318,715
At 31 March 2019
315,000
4,644
319,644
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
-
18,017
Taxes and social security
25,302
11,614
Other creditors
101,720
101,720
Loans from directors
(9,486)
-
7
Creditors: amounts falling due after more than one year
2020
2019
Bank loans
168,353
161,506
8
Average number of employees
During the year the average number of employees was 2 (2019: 3).