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REGISTERED NUMBER: 14051371 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 19 APRIL 2022 TO 30 APRIL 2023

FOR

LUMINOSA LTD

LUMINOSA LTD (REGISTERED NUMBER: 14051371)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 19 APRIL 2022 TO 30 APRIL 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


LUMINOSA LTD (REGISTERED NUMBER: 14051371)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2023

Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 9,829
Investment property 5 248,028
257,857

CURRENT ASSETS
Debtors 6 177
Cash in hand 100
277
CREDITORS
Amounts falling due within one year 7 183,906
NET CURRENT LIABILITIES (183,629 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,228

CREDITORS
Amounts falling due after more than one
year

8

95,004
NET LIABILITIES (20,776 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (20,876 )
(20,776 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 January 2024 and were signed on its behalf by:




Mr M A Bone - Director


LUMINOSA LTD (REGISTERED NUMBER: 14051371)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 19 APRIL 2022 TO 30 APRIL 2023

1. STATUTORY INFORMATION

Luminosa Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14051371

Registered office: 1 Kings Avenue
London
N21 3NA

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


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.

The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery - 25% on reducing balance basis

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

Investment property
Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the reporting date.


LUMINOSA LTD (REGISTERED NUMBER: 14051371)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 19 APRIL 2022 TO 30 APRIL 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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.

Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
Additions 9,829
At 30 April 2023 9,829
NET BOOK VALUE
At 30 April 2023 9,829

LUMINOSA LTD (REGISTERED NUMBER: 14051371)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 19 APRIL 2022 TO 30 APRIL 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 248,028
At 30 April 2023 248,028
NET BOOK VALUE
At 30 April 2023 248,028

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

2023
£
Cost 248,028

Investment property was valued on an open market basis on 30 April 2023 by the director.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 177

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 300
Other creditors 183,606
183,906

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Other creditors 95,004

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 95,004

9. RELATED PARTY DISCLOSURES

Included in other creditors more than one year is an amount of £95,004 due to a connected company under common directorship. The amount is interest free and payable on 16 June 2032.

Included in other creditors less than one year is an amount of £182,542 due to director of the company.