Registered number
10935517
Luna & Stella Ltd
Filleted Accounts
for the year 1 September 2022 to
31 August 2023
Luna & Stella Ltd
Registered number: 10935517
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 34 34
Creditors: amounts falling due within one year 4 (11,639) (11,169)
Net current liabilities (11,639) (11,169)
Net liabilities (11,605) (11,135)
Capital and reserves
Called up share capital 100 100
Profit and loss account (11,705) (11,235)
Shareholders' funds (11,605) (11,135)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Savarese
Director
Approved by the board on 15 November 2023
Luna & Stella Ltd
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Slumber party tents 25% reducing balance
Fixtures and fittings 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2022 707 141 848
At 31 August 2023 707 141 848
Depreciation
At 1 September 2022 706 108 814
At 31 August 2023 706 108 814
Net book value
At 31 August 2023 1 33 34
At 31 August 2022 1 33 34
4 Creditors: amounts falling due within one year 2023 2022
£ £
Director's loan account 11,639 11,019
Other creditors - 150
11,639 11,169
5 Events after the reporting date
This is the final accounting period as the director is applying for the Company to be dissolved/struck off. The Company stopped trading on 27th November 2022.
6 Related party transactions
S Savarese is a related party as a director and shareholder. As at 27th November 2022, the director was owed £11,639 (as at 31st August 2022: £11,019).
7 Controlling party
S Savarese jointly controls the Company.
8 Other information
Luna & Stella Ltd is a private company limited by shares and incorporated in England. Its registered office is:
105 Greenvale Road
Eltham
London
SE9 1PE
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