2022-04-252023-04-302023-04-30false14065554LANTERNA PROPERTY COMPANY LTD2023-10-0968100iso4217:GBPxbrli:pure140655542022-04-25140655542023-04-30140655542022-04-252023-04-30140655542022-04-24140655542022-04-24140655542022-04-242022-04-2414065554bus:SmallEntities2022-04-252023-04-3014065554bus:AuditExempt-NoAccountantsReport2022-04-252023-04-3014065554bus:FullAccounts2022-04-252023-04-3014065554bus:PrivateLimitedCompanyLtd2022-04-252023-04-3014065554core:WithinOneYear2023-04-3014065554core:AfterOneYear2023-04-3014065554core:WithinOneYear2022-04-2414065554core:AfterOneYear2022-04-2414065554core:ShareCapital2023-04-3014065554core:SharePremium2023-04-3014065554core:RevaluationReserve2023-04-3014065554core:OtherReservesSubtotal2023-04-3014065554core:RetainedEarningsAccumulatedLosses2023-04-3014065554core:ShareCapital2022-04-2414065554core:SharePremium2022-04-2414065554core:RevaluationReserve2022-04-2414065554core:OtherReservesSubtotal2022-04-2414065554core:RetainedEarningsAccumulatedLosses2022-04-2414065554core:LandBuildings2023-04-3014065554core:PlantMachinery2023-04-3014065554core:Vehicles2023-04-3014065554core:FurnitureFittings2023-04-3014065554core:OfficeEquipment2023-04-3014065554core:NetGoodwill2023-04-3014065554core:IntangibleAssetsOtherThanGoodwill2023-04-3014065554core:ListedExchangeTraded2023-04-3014065554core:UnlistedNon-exchangeTraded2023-04-3014065554core:LandBuildings2022-04-2414065554core:PlantMachinery2022-04-2414065554core:Vehicles2022-04-2414065554core:FurnitureFittings2022-04-2414065554core:OfficeEquipment2022-04-2414065554core:NetGoodwill2022-04-2414065554core:IntangibleAssetsOtherThanGoodwill2022-04-2414065554core:ListedExchangeTraded2022-04-2414065554core:UnlistedNon-exchangeTraded2022-04-2414065554core:LandBuildings2022-04-252023-04-3014065554core:PlantMachinery2022-04-252023-04-3014065554core:Vehicles2022-04-252023-04-3014065554core:FurnitureFittings2022-04-252023-04-3014065554core:OfficeEquipment2022-04-252023-04-3014065554core:NetGoodwill2022-04-252023-04-3014065554core:IntangibleAssetsOtherThanGoodwill2022-04-252023-04-3014065554core:ListedExchangeTraded2022-04-252023-04-3014065554core:UnlistedNon-exchangeTraded2022-04-252023-04-3014065554core:MoreThanFiveYears2022-04-252023-04-3014065554core:Non-currentFinancialInstruments2023-04-3014065554core:Non-currentFinancialInstruments2022-04-2414065554dpl:CostSales2022-04-252023-04-3014065554dpl:DistributionCosts2022-04-252023-04-3014065554core:LandBuildings2022-04-252023-04-3014065554core:PlantMachinery2022-04-252023-04-3014065554core:Vehicles2022-04-252023-04-3014065554core:FurnitureFittings2022-04-252023-04-3014065554core:OfficeEquipment2022-04-252023-04-3014065554dpl:AdministrativeExpenses2022-04-252023-04-3014065554core:NetGoodwill2022-04-252023-04-3014065554core:IntangibleAssetsOtherThanGoodwill2022-04-252023-04-3014065554dpl:GroupUndertakings2022-04-252023-04-3014065554dpl:ParticipatingInterests2022-04-252023-04-3014065554dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-252023-04-3014065554core:ListedExchangeTraded2022-04-252023-04-3014065554dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-252023-04-3014065554core:UnlistedNon-exchangeTraded2022-04-252023-04-3014065554dpl:CostSales2022-04-242022-04-2414065554dpl:DistributionCosts2022-04-242022-04-2414065554core:LandBuildings2022-04-242022-04-2414065554core:PlantMachinery2022-04-242022-04-2414065554core:Vehicles2022-04-242022-04-2414065554core:FurnitureFittings2022-04-242022-04-2414065554core:OfficeEquipment2022-04-242022-04-2414065554dpl:AdministrativeExpenses2022-04-242022-04-2414065554core:NetGoodwill2022-04-242022-04-2414065554core:IntangibleAssetsOtherThanGoodwill2022-04-242022-04-2414065554dpl:GroupUndertakings2022-04-242022-04-2414065554dpl:ParticipatingInterests2022-04-242022-04-2414065554dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-242022-04-2414065554core:ListedExchangeTraded2022-04-242022-04-2414065554dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-242022-04-2414065554core:UnlistedNon-exchangeTraded2022-04-242022-04-2414065554core:NetGoodwill2023-04-3014065554core:IntangibleAssetsOtherThanGoodwill2023-04-3014065554core:LandBuildings2023-04-3014065554core:PlantMachinery2023-04-3014065554core:Vehicles2023-04-3014065554core:FurnitureFittings2023-04-3014065554core:OfficeEquipment2023-04-3014065554core:AfterOneYear2023-04-3014065554core:WithinOneYear2023-04-3014065554core:ListedExchangeTraded2023-04-3014065554core:UnlistedNon-exchangeTraded2023-04-3014065554core:ShareCapital2023-04-3014065554core:SharePremium2023-04-3014065554core:RevaluationReserve2023-04-3014065554core:OtherReservesSubtotal2023-04-3014065554core:RetainedEarningsAccumulatedLosses2023-04-3014065554core:NetGoodwill2022-04-2414065554core:IntangibleAssetsOtherThanGoodwill2022-04-2414065554core:LandBuildings2022-04-2414065554core:PlantMachinery2022-04-2414065554core:Vehicles2022-04-2414065554core:FurnitureFittings2022-04-2414065554core:OfficeEquipment2022-04-2414065554core:AfterOneYear2022-04-2414065554core:WithinOneYear2022-04-2414065554core:ListedExc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LANTERNA PROPERTY COMPANY LTD

Registered Number
14065554
(England and Wales)

Unaudited Financial Statements for the Period ended
30 April 2023

LANTERNA PROPERTY COMPANY LTD
Company Information
for the period from 25 April 2022 to 30 April 2023

Directors

GRUNDY, Elyna Heng
GRUNDY, Kenneth
GRUNDY, Mia Funa

Registered Address

6 Edison Village
Nottingham Science & Technology Park
Nottingham
NG7 2RF

Registered Number

14065554 (England and Wales)
LANTERNA PROPERTY COMPANY LTD
Balance Sheet as at
30 April 2023

Notes

2023

£

£

Fixed assets
Tangible assets51,220,012
1,220,012
Current assets
Cash at bank and on hand15,779
15,779
Creditors amounts falling due within one year7(6,965)
Net current assets (liabilities)8,814
Total assets less current liabilities1,228,826
Creditors amounts falling due after one year8(1,233,551)
Provisions for liabilities9(32,529)
Net assets(37,254)
Capital and reserves
Profit and loss account(37,254)
Shareholders' funds(37,254)
The financial statements were approved and authorised for issue by the Board of Directors on 9 October 2023, and are signed on its behalf by:
GRUNDY, Kenneth
Director
Registered Company No. 14065554
LANTERNA PROPERTY COMPANY LTD
Notes to the Financial Statements
for the period ended 30 April 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings25
Office Equipment25
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

2023
Average number of employees during the year0
5.Property, plant and equipment

Land & buildings

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
Additions1,048,809200,0004031,249,212
At 30 April 231,048,809200,0004031,249,212
Depreciation and impairment
Charge for year-29,1663429,200
At 30 April 23-29,1663429,200
Net book value
At 30 April 231,048,809170,8343691,220,012
At 24 April 22----
6.Description of nature of transactions and balances with related parties
During the year the company had interest-free loans owing to the directors and shareholders to the balance of £1,233,550.
7.Creditors within one year

2023

£
Trade creditors / trade payables1,987
Taxation and social security4,978
Total6,965
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors after one year

2023

£
Amounts owed to related parties1,233,551
Total1,233,551
9.Provisions for liabilities

2023

£
Net deferred tax liability (asset)32,529
Total32,529