IRIS Accounts Production v22.1.4.3 09475578 director 1.7.21 30.6.22 30.6.22 0 false true false false true false Ordinary shares 1.00000 B shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure094755782021-06-30094755782022-06-30094755782021-07-012022-06-30094755782020-06-30094755782020-07-012021-06-30094755782021-06-3009475578ns16:EnglandWales2021-07-012022-06-3009475578ns15:PoundSterling2021-07-012022-06-3009475578ns11:Director12021-07-012022-06-3009475578ns11:PrivateLimitedCompanyLtd2021-07-012022-06-3009475578ns11:SmallEntities2021-07-012022-06-3009475578ns11:AuditExempt-NoAccountantsReport2021-07-012022-06-3009475578ns11:SmallCompaniesRegimeForDirectorsReport2021-07-012022-06-3009475578ns11:SmallCompaniesRegimeForAccounts2021-07-012022-06-3009475578ns11:FullAccounts2021-07-012022-06-3009475578ns11:OrdinaryShareClass12021-07-012022-06-3009475578ns11:OrdinaryShareClass22021-07-012022-06-3009475578ns11:CompanySecretary12021-07-012022-06-3009475578ns11:RegisteredOffice2021-07-012022-06-3009475578ns6:CurrentFinancialInstruments2022-06-3009475578ns6:CurrentFinancialInstruments2021-06-3009475578ns6:ShareCapital2022-06-3009475578ns6:ShareCapital2021-06-3009475578ns6:RetainedEarningsAccumulatedLosses2022-06-3009475578ns6:RetainedEarningsAccumulatedLosses2021-06-3009475578ns6:FurnitureFittings2021-07-012022-06-3009475578ns6:FurnitureFittings2021-06-3009475578ns6:FurnitureFittings2022-06-3009475578ns6:FurnitureFittings2021-06-3009475578ns6:WithinOneYearns6:CurrentFinancialInstruments2022-06-3009475578ns6:WithinOneYearns6:CurrentFinancialInstruments2021-06-3009475578ns11:OrdinaryShareClass12022-06-3009475578ns11:OrdinaryShareClass22022-06-30
REGISTERED NUMBER: 09475578 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2022

for

Luminate Ventures Limited

Luminate Ventures Limited (Registered number: 09475578)






Contents of the Financial Statements
for the Year Ended 30 June 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Luminate Ventures Limited

Company Information
for the Year Ended 30 June 2022







Director: I Traynor





Secretary: V Traynor





Registered office: 6 St Georges Crescent
Waverton
Chester
CH3 7QR





Registered number: 09475578 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Luminate Ventures Limited (Registered number: 09475578)

Statement of Financial Position
30 June 2022

30/6/22 30/6/21
Notes £    £   
Current assets
Debtors 5 3,967 4,900
Cash at bank 2,468 9,968
6,435 14,868
Creditors
Amounts falling due within one year 6 (6,667 ) (13,713 )
Net current (liabilities)/assets (232 ) 1,155
Total assets less current liabilities (232 ) 1,155

Capital and reserves
Called up share capital 7 200 200
Retained earnings (432 ) 955
Shareholders' funds (232 ) 1,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 September 2022 and were signed by:



I Traynor - Director


Luminate Ventures Limited (Registered number: 09475578)

Notes to the Financial Statements
for the Year Ended 30 June 2022

1. Statutory information

Luminate Ventures 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.

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

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 20% on cost

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

Current or deferred 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Luminate Ventures Limited (Registered number: 09475578)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

2. Accounting policies - continued

Going concern
The financial statements have been prepared on the going concern basis of accounting, on the assumption that the director will continue to provide financial support to enable the company to meet its liabilities, which exceeded its assets at 30 June 2022.

3. Employees and directors

The average number of employees during the year was NIL (2021 - 1 ).

4. Tangible fixed assets
Fixtures,
fittings
& equipment
£   
Cost
At 1 July 2021
and 30 June 2022 408
Depreciation
At 1 July 2021
and 30 June 2022 408
Net book value
At 30 June 2022 -
At 30 June 2021 -

5. Debtors: amounts falling due within one year
30/6/22 30/6/21
£    £   
Trade debtors 3,967 4,900

6. Creditors: amounts falling due within one year
30/6/22 30/6/21
£    £   
Taxation and social security 5,012 5,344
Other creditors 1,655 8,369
6,667 13,713

Luminate Ventures Limited (Registered number: 09475578)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

7. Called up share capital



Allotted, issued and fully paid:
Number: Class: Nominal 30/6/22 30/6/21
value: £    £   
100 Ordinary shares £1 100 100
100 B shares £1 100 100
200 200

8. Related party disclosures

The director has made loans to the company. The amount owed by the company at 30 June 2022 was £124 (2021 - £6,886). The loans are interest free and repayable on demand.