Lunaprop Limited - Accounts to registrar (filleted) - small 22.3

Lunaprop Limited - Accounts to registrar (filleted) - small 22.3

LUNAPROP LIMITED - Company Information

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REGISTERED NUMBER: 12084699 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

Lunaprop Limited
Lunaprop Limited (Registered number: 12084699)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lunaprop Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: S Bard
M Krantz
H E F Sayer





REGISTERED OFFICE: The Roma Building
32/38 Scrutton Street
Bishopsgate
London
EC2A 4RQ





REGISTERED NUMBER: 12084699 (England and Wales)





1
Lunaprop Limited (Registered number: 12084699)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Investments 4 300 300

Current assets
Debtors 5 14,942,677 12,882,376
Cash at bank 1,159,550 289,699
16,102,227 13,172,075
Creditors
Amounts falling due within one year 6 14,164,155 12,239,774
Net current assets 1,938,072 932,301
Total assets less current liabilities 1,938,372 932,601

Capital and reserves
Called up share capital 7 100 100
Retained earnings 8 1,938,272 932,501
Shareholders' funds 1,938,372 932,601

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 27 March 2024 and were signed on its behalf by:





M Krantz - Director


The notes form part of these financial statements

2
Lunaprop Limited (Registered number: 12084699)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. Statutory information

Lunaprop 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.

Going concern
The directors have at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Revenue consists of interest earned in the year on loan finance with third parties. Revenue is measured at the fair value of the consideration received or receivable.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.

Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority. The directors believe that gains and losses on property sales are likely to be offset over time, and have therefore netted the deferred tax in relation to revaluation gains and losses.

Deferred tax assets and liabilities are not discounted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on the tax rates and laws enacted or substantially enacted at the statement of financial position date.

3. Employees and directors

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

3 continued...
Lunaprop Limited (Registered number: 12084699)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. Fixed asset investments
Other
investments
£   
Cost
At 1 July 2022
and 30 June 2023 300
Net book value
At 30 June 2023 300
At 30 June 2022 300

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 13,597,771 12,868,015
Prepayments and accrued income 1,344,906 14,361
14,942,677 12,882,376

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 4,200 69,760
Tax 259,285 123,051
Other creditors 13,728,044 12,017,880
Accruals and deferred income 172,626 29,083
14,164,155 12,239,774

7. Called up share capital


Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

8. Reserves
Retained
earnings
£   

At 1 July 2022 932,501
Profit for the year 1,005,771
At 30 June 2023 1,938,272

4 continued...
Lunaprop Limited (Registered number: 12084699)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. Related party disclosures

During the year, the Company paid £60,000 (2022: £36,000) in asset management fees and £600 (2022: £nil) in annual governance fees to Jensen Management Limited, a Company under common control. At the year end there was a balance outstanding of £60,600 (2022: £nil) owed to Jensen Management Limited

During the year, the Company paid £9,460 (2022: £6,750) in management charges and £nil (2022: £193,085) in loan arrangement fees to The Estate Office Shoreditch, a Company under common control. At the year end there was a balance outstanding of £3,600 (2022: £67,120) owed to The Estate Office Shoreditch.

During the year, the Company paid £616,146 (2022: £336,061) in loan interest to R Company 4 Limited, a Company under common control. At the year end, there was a balance outstanding of £107,126 (2022: £89,836) owed to R Company 4.

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