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REGISTERED NUMBER: 05848938 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

LUXURY CULTURAL TOURISM LIMITED

LUXURY CULTURAL TOURISM LIMITED (REGISTERED NUMBER: 05848938)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LUXURY CULTURAL TOURISM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: J N DUMMER
M M KILEI





SECRETARY: M A MYERS





REGISTERED OFFICE: 109 BAKER STREET
LONDON
W1U 6RP





REGISTERED NUMBER: 05848938 (England and Wales)






LUXURY CULTURAL TOURISM LIMITED (REGISTERED NUMBER: 05848938)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 338

CURRENT ASSETS
Debtors 5 9 9

CREDITORS
Amounts falling due within one year 6 14,993 14,993
NET CURRENT LIABILITIES (14,984 ) (14,984 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(14,983

)

(14,646

)

CAPITAL AND RESERVES
Called up share capital 9 9
Retained earnings (14,992 ) (14,655 )
SHAREHOLDERS' FUNDS (14,983 ) (14,646 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by:





J N DUMMER - Director


LUXURY CULTURAL TOURISM LIMITED (REGISTERED NUMBER: 05848938)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

LUXURY CULTURAL TOURISM 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.

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.

Going concern
The company had net liabilities of £14,646 for the year ended 30 June 2023. This raises doubts that the company will be able to continue as a going concern. The financial statements have been prepared on a going concern basis, on the assumption of the continuing availability of financial support from directors and shareholders. The financial statements do not include any adjustments that would arise from a failure to obtain the financial support.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Computer equipment 25% on reducing balance

Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Debtors and creditors receivable/ payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - NIL ) .

LUXURY CULTURAL TOURISM LIMITED (REGISTERED NUMBER: 05848938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2022
and 30 June 2023 6,000
DEPRECIATION
At 1 July 2022 5,662
Charge for year 337
At 30 June 2023 5,999
NET BOOK VALUE
At 30 June 2023 1
At 30 June 2022 338

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 9 9

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 11,323 11,323
Directors' current accounts 670 670
Accrued expenses 3,000 3,000
14,993 14,993

7. CONTINGENT LIABILITIES

Since the websites inception the creation of the web pages content with on-going alterations and additions have been made with the fees paid on success of generation of revenue in the near future.
A contingent liability therefore exists for £40,000 and this will be paid on successful project completion.