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Company Registration No. 11237003 (England and Wales)
Luxury Team Holdings Limited Unaudited accounts for the year ended 31 March 2023
Luxury Team Holdings Limited Unaudited accounts Contents
Page
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Luxury Team Holdings Limited Company Information for the year ended 31 March 2023
Director
C N Oakes
Company Number
11237003 (England and Wales)
Registered Office
Primary House Spring Gardens Macclesfield Cheshire SK10 2DX United Kingdom
Accountants
Taylor Consultancy, Chartered Certified Accountants Primary House Spring Gardens Macclesfield Cheshire SK10 2DX
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Luxury Team Holdings Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investments
1,160 
1,163 
Current assets
Debtors
379,902 
380,852 
Cash at bank and in hand
95 
95 
379,997 
380,947 
Creditors: amounts falling due within one year
(375,902)
(376,854)
Net current assets
4,095 
4,093 
Net assets
5,255 
5,256 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
5,155 
5,156 
Shareholders' funds
5,255 
5,256 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 November 2023 and were signed on its behalf by
C N Oakes Director Company Registration No. 11237003
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Luxury Team Holdings Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Luxury Team Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 11237003. The registered office is Primary House, Spring Gardens, Macclesfield, Cheshire, SK10 2DX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investments
Investments in shares in subsidiary companies are included at cost.
4
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2022
1,163 
Disposals
(3)
Valuation at 31 March 2023
1,160 
The investments relate to the following :- 58% owned subsidiary companies : Luxury Adlington Limited (Registered in England and Wales under company number 11977277) 1,160 B ordinary share of £1 each Disposal of Investments at cost following the striking off of the companies : Luxury Alderley Edge Limited (Registered in England and Wales under company number 11821511) 1 ordinary share of £1 each
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
379,902 
380,852 
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Luxury Team Holdings Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
350,000 
350,000 
Amounts owed to group undertakings and other participating interests
24,702 
25,652 
Loans from directors
1,200 
1,202 
375,902 
376,854 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Transactions with related parties
During the year Luxury Team Holdings Limited made a loan of £379,902 (2022 £380,852) to LBH Macclesfield Limited, an associated company. The loan is subject to interest at a commercial rate and is repayable upon demand. During the year Luxury Team Holdings Limited received a loan of £24,702 (2022 £25,652) from Luxury Adlington Limited, a 58% owned subsidiary company. The loan is subject to interest at a commercial rate and is repayable upon demand.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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