Company Registration No. 11613746 (England and Wales)
Lunaria Finance Ltd
Unaudited accounts
for the year ended 31 October 2023
Lunaria Finance Ltd
Company Information
for the year ended 31 October 2023
Director
Christopher Cullen
Company Number
11613746 (England and Wales)
Registered Office
Portland House
Belmont Business Park
Durham
DH1 1TW
Accountants
Accounting Inc. Ltd
Hoults Yard
Walker Rd
Newcastle upon Tyne
Tyne and Wear
NE6 2HL
Lunaria Finance Ltd
Statement of financial position
as at 31 October 2023
Cash at bank and in hand
15,627
1,226
Creditors: amounts falling due within one year
(13,999)
2,090
Net current assets
14,437
15,271
Total assets less current liabilities
14,486
15,567
Creditors: amounts falling due after more than one year
(9,500)
(15,500)
Called up share capital
1
1
Profit and loss account
4,985
66
Shareholders' funds
4,986
67
For the year ending 31 October 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 26 February 2024 and were signed on its behalf by
Christopher Cullen
Director
Company Registration No. 11613746
Lunaria Finance Ltd
Notes to the Accounts
for the year ended 31 October 2023
Lunaria Finance Ltd is a private company, limited by shares, registered in England and Wales, registration number 11613746. The registered office is Portland House, Belmont Business Park, Durham, DH1 1TW.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight Line
The director has a reasonable expectation that the company has resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. The financial statements have been prepared on the going concern basis, on the understanding that the director and shareholder will continue to financially support the company during this uncertain period.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Lunaria Finance Ltd
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Amounts due from group undertakings etc.
2,410
450
Accrued income and prepayments
9,741
11,105
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,000
6,000
Taxes and social security
11,289
2,513
Loans from directors
(3,290)
(10,554)
7
Creditors: amounts falling due after more than one year
2023
2022
Lunaria Finance Ltd
Notes to the Accounts
for the year ended 31 October 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
10,554
30,500
37,764
3,290
10,554
30,500
37,764
3,290
During the period C Cullen (director) operated a loan account with the company. The balance owed to the company at the period end was £3,290 (2022: £10,554). This loan is unsecured, has no fixed terms of repayment and at the balance sheet date incurs no interest.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).