| Lumini Lettings Ltd |
| Registered number: |
11966054 |
| Balance Sheet |
| as at 30 April 2023 |
|
| Notes |
|
|
2023 |
|
|
2022 |
| £ |
£ |
| Fixed assets |
| Investment property |
3 |
|
|
310,000 |
|
|
310,000 |
|
| Current assets |
| Cash at bank and in hand |
|
|
9,236 |
|
|
7,053 |
|
| Creditors: amounts falling due within one year |
4 |
|
(10,049) |
|
|
(7,732) |
|
| Net current liabilities |
|
|
|
(813) |
|
|
(679) |
|
| Total assets less current liabilities |
|
|
|
309,187 |
|
|
309,321 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(273,069) |
|
|
(278,550) |
|
| Provisions for liabilities |
|
|
|
(9,033) |
|
|
(9,033) |
|
| Net assets |
|
|
|
27,085 |
|
|
21,738 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Non distributable revenue reserve |
6 |
|
|
(4,940) |
|
|
(4,940) |
| Profit and loss account |
|
|
|
32,024 |
|
|
26,677 |
|
| Shareholder's funds |
|
|
|
27,085 |
|
|
21,738 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
| H J Richards |
| Director |
| Approved by the board on 26 January 2024 |
|
| Lumini Lettings Ltd |
| Notes to the Accounts |
| for the year ended 30 April 2023 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised when rents are receivable. |
|
|
Investment Property |
|
Investment property is initially recognised at cost and then carried at fair value, derived from the current market prices for comparable property determined annually by the director using observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the profit or loss account. |
|
|
Creditors |
|
Short term creditors are measured at transaction price, which is usually the invoice price. |
|
|
|
| 2 |
Employees |
2023 |
|
2022 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Investment property |
|
| Investment |
| property |
| £ |
|
Cost |
|
At 1 May 2022 |
310,000 |
|
|
At 30 April 2023 |
310,000 |
|
|
| 4 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Bank loans and overdrafts |
6,770 |
|
6,770 |
|
Taxation and social security costs |
1,254 |
|
- |
|
Other creditors |
2,025 |
|
962 |
|
|
|
|
|
|
10,049 |
|
7,732 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Bank loans |
184,463 |
|
184,463 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
88,606 |
|
84,071 |
|
Other creditors |
- |
|
10,016 |
|
|
|
|
|
|
273,069 |
|
278,550 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Non distributable revenue reserve |
2023 |
|
2022 |
| £ |
£ |
|
|
At 1 May 2022 |
(4,940) |
|
- |
|
Deferred taxation arising on the revaluation of land and buildings |
- |
|
(4,940) |
|
|
At 30 April 2023 |
(4,940) |
|
(4,940) |
|
|
|
|
|
|
|
|
|
|
| 7 |
Related party transactions |
|
|
At the year end the company owed £122,621 (2022 - £84,071) to Lumini Developments Ltd, a company controlled by the director. |
|
|
| 8 |
Other information |
|
|
Lumini Lettings Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
9 Riverside Court |
|
Bath |
|
BA2 3DZ |
