Illuminate Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05250735 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Illuminate Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J K Taylor

P Whittall

SECRETARY:

Mrs H L Taylor

REGISTERED OFFICE:

15 Sea Lane

Ferring

West Sussex

BN12 5DP

REGISTERED NUMBER:

05250735 (England and Wales)

ACCOUNTANTS:

Reeves Wilkinson Limited trading as Botting & Co

Chartered Certified Accountants

41b Beach Road

Littlehampton

West Sussex

BN17 5JA

FIXED ASSETS

Investment property

4

267,654

267,654

CURRENT ASSETS

Debtors

5

400

-

Cash at bank

1,274

3,584

1,674

3,584

CREDITORS

Amounts falling due within one year

6

(11,527

)

(12,486

)

NET CURRENT LIABILITIES

(9,853

)

(8,902

)

TOTAL ASSETS LESS CURRENT LIABILITIES

257,801

258,752

CREDITORS

Amounts falling due after more than one year

7

(205,783

)

(217,185

)

NET ASSETS

52,018

41,567

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

51,918

41,467

SHAREHOLDERS' FUNDS

52,018

41,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2024 and were signed on its behalf by:

J K Taylor - Director

1.	STATUTORY INFORMATION

Illuminate Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared on the going concern basis which assumes the continued financial support of the directors.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2022

and 30 September 2023

267,654

NET BOOK VALUE

At 30 September 2023

267,654

At 30 September 2022

267,654

Fair value at 30 September 2023 is represented by:

£

Valuation in 2017

78,449

Cost

189,205

267,654

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Trade debtors

400

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Bank loans and overdrafts

7,772

8,820

Taxation and social security

2,783

2,694

Other creditors

972

972

11,527

12,486

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.23

30.9.22

£

£

Bank loans

-

11,402

Other creditors

205,783

205,783

205,783

217,185

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.23

30.9.22

£

£

Bank loans

7,772

20,222