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REGISTERED NUMBER: 09025531 (England and Wales)















Unaudited Financial Statements

for the Period 1 June 2022 to 31 October 2023

for

Luna Rossa Productions Ltd

Luna Rossa Productions Ltd (Registered number: 09025531)






Contents of the Financial Statements
for the Period 1 June 2022 to 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Luna Rossa Productions Ltd

Company Information
for the Period 1 June 2022 to 31 October 2023







DIRECTORS: Ms M L Tough
M Sorrentino





REGISTERED OFFICE: Eliot House
1469 High Road
London
N20 9RT





REGISTERED NUMBER: 09025531 (England and Wales)






Luna Rossa Productions Ltd (Registered number: 09025531)

Balance Sheet
31 October 2023

31.10.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,974 3,966

CURRENT ASSETS
Debtors 5 1,747,037 1,850,291
Prepayments and accrued income - 18,187
Cash at bank and in hand 349,214 174,301
2,096,251 2,042,779
CREDITORS
Amounts falling due within one year 6 63,029 142,509
NET CURRENT ASSETS 2,033,222 1,900,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,036,196

1,904,236

PROVISIONS FOR LIABILITIES 802 802
NET ASSETS 2,035,394 1,903,434

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 2,035,294 1,903,334
SHAREHOLDERS' FUNDS 2,035,394 1,903,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Rossa Productions Ltd (Registered number: 09025531)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by:




M Sorrentino - Director



Ms M L Tough - Director


Luna Rossa Productions Ltd (Registered number: 09025531)

Notes to the Financial Statements
for the Period 1 June 2022 to 31 October 2023

1. STATUTORY INFORMATION

Luna Rossa Productions Ltd 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

Luna Rossa Productions Ltd (Registered number: 09025531)

Notes to the Financial Statements - continued
for the Period 1 June 2022 to 31 October 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 June 2022
and 31 October 2023 2,121 13,891 16,012
DEPRECIATION
At 1 June 2022 530 11,516 12,046
Charge for period 398 594 992
At 31 October 2023 928 12,110 13,038
NET BOOK VALUE
At 31 October 2023 1,193 1,781 2,974
At 31 May 2022 1,591 2,375 3,966

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.5.22
£    £   
Trade debtors - 144,100
Other debtors - 100
Luna Rossa Properties Limited 1,730,610 1,689,664
The Agency Excellent
Entertainment Ltd 15,910 15,910
VAT 517 517
1,747,037 1,850,291

Luna Rossa Productions Ltd (Registered number: 09025531)

Notes to the Financial Statements - continued
for the Period 1 June 2022 to 31 October 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.5.22
£    £   
Bank loans and overdrafts - 1,303
Bank Loan 9,974 9,974
Trade creditors 256 44,226
Tax 37,938 62,197
Social security and other taxes (2,029 ) 2,495
Wages Payable 7,174 6,839
Other creditors - 10,830
Directors' current accounts 4,646 4,645
Accrued expenses 5,070 -
63,029 142,509

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.5.22
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

As at the year end the company was owed £1,730,610 ( 2022-£1,689,663) by Luna Rossa Properties Limited, a company in which Mr M M Sorrentino and M L Tough were the directors.

9. ULTIMATE CONTROLLING PARTY

The controlling and ultimate controlling parties are Mr M M Sorrentino and Ms M L Tough, the directors of the company, by virtue of their shareholding in the company.