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REGISTERED NUMBER: 11224287 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

LUNA PROPERTY LIMITED

LUNA PROPERTY LIMITED (REGISTERED NUMBER: 11224287)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LUNA PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: A J Jackson





REGISTERED OFFICE: 10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA





REGISTERED NUMBER: 11224287 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

LUNA PROPERTY LIMITED (REGISTERED NUMBER: 11224287)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 681 817
Investment property 6 810,000 800,000
810,681 800,817

CURRENT ASSETS
Cash at bank 21,630 52,975

CREDITORS
Amounts falling due within one year 7 (642,070 ) (686,553 )
NET CURRENT LIABILITIES (620,440 ) (633,578 )
TOTAL ASSETS LESS CURRENT LIABILITIES 190,241 167,239

PROVISIONS FOR LIABILITIES (24,233 ) (22,333 )
NET ASSETS 166,008 144,906

CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve 9 103,308 95,208
Retained earnings 62,698 49,696
SHAREHOLDERS' FUNDS 166,008 144,906

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

LUNA PROPERTY LIMITED (REGISTERED NUMBER: 11224287)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 November 2023 and were signed by:





A J Jackson - Director


LUNA PROPERTY LIMITED (REGISTERED NUMBER: 11224287)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Luna Property 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable. The company is not VAT registered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

Investment property
Investment property is included at fair value. Fair value gains and losses are recognised in the profit and loss account. Deferred taxation is provided on these gains and losses at the rate expected to apply when the property is sold.

4. EMPLOYEES AND DIRECTORS

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

LUNA PROPERTY LIMITED (REGISTERED NUMBER: 11224287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 1,361
DEPRECIATION
At 1 March 2022 544
Charge for year 136
At 28 February 2023 680
NET BOOK VALUE
At 28 February 2023 681
At 28 February 2022 817

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 800,000
Revaluations 10,000
At 28 February 2023 810,000
NET BOOK VALUE
At 28 February 2023 810,000
At 28 February 2022 800,000

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2019 17,541
Valuation in 2020 31,000
Valuation in 2021 39,000
Valuation in 2022 30,000
Valuation in 2023 10,000
Cost 682,459
810,000

LUNA PROPERTY LIMITED (REGISTERED NUMBER: 11224287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 682,459 682,459

Investment property was valued on an open market basis on 28 February 2023 by the director .

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,248 -
Taxation and social security 7,899 9,417
Other creditors 632,923 677,136
642,070 686,553

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2

9. RESERVES
Fair
value
reserve
£   
At 1 March 2022 95,208
Fair Value Reserve 8,100

At 28 February 2023 103,308

10. RELATED PARTY DISCLOSURES

At the balance sheet date the amount of £370,744 (2022: £427,051) was owed to the directors. This amount is inclusive of interest charged of £6,382 (2022: £7,343). The amount is repayable on demand and is disclosed within other creditors.