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REGISTERED NUMBER: 12330179 (England and Wales)















LUSSO MANAGEMENT HOLDINGS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






LUSSO MANAGEMENT HOLDINGS LIMITED (REGISTERED NUMBER: 12330179)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LUSSO MANAGEMENT HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: A D Bailey
L Bailey





REGISTERED OFFICE: Unit 17 Marsh Lane Industrial Estate
Portbury
Bristol
BS20 0NH





REGISTERED NUMBER: 12330179 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

LUSSO MANAGEMENT HOLDINGS LIMITED (REGISTERED NUMBER: 12330179)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 410,122 299,581

CURRENT ASSETS
Debtors 5 - 5,302
Cash at bank 209,558 436,006
209,558 441,308
CREDITORS
Amounts falling due within one year 6 111,565 180,582
NET CURRENT ASSETS 97,993 260,726
TOTAL ASSETS LESS CURRENT
LIABILITIES

508,115

560,307

PROVISIONS FOR LIABILITIES 13,213 5,497
NET ASSETS 494,902 554,810

CAPITAL AND RESERVES
Called up share capital 7 200 200
Retained earnings 494,702 554,610
SHAREHOLDERS' FUNDS 494,902 554,810

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

LUSSO MANAGEMENT HOLDINGS LIMITED (REGISTERED NUMBER: 12330179)

BALANCE SHEET - continued
31ST DECEMBER 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 has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th July 2024 and were signed on its behalf by:





A D Bailey - Director


LUSSO MANAGEMENT HOLDINGS LIMITED (REGISTERED NUMBER: 12330179)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Lusso Management Holdings 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not provided
Plant and machinery - 33% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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 year 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.

LUSSO MANAGEMENT HOLDINGS LIMITED (REGISTERED NUMBER: 12330179)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st January 2023 270,648 25,899 4,878 36,576 338,001
Additions - 3,084 - 138,055 141,139
At 31st December 2023 270,648 28,983 4,878 174,631 479,140
DEPRECIATION
At 1st January 2023 - 13,136 1,203 24,081 38,420
Charge for year - 8,206 488 21,904 30,598
At 31st December 2023 - 21,342 1,691 45,985 69,018
NET BOOK VALUE
At 31st December 2023 270,648 7,641 3,187 128,646 410,122
At 31st December 2022 270,648 12,763 3,675 12,495 299,581

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts - 200
Tax - 5,102
- 5,302

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,198 1,199
Amounts owed to group undertakings 50,767 178,383
Directors' current accounts 58,600 -
Accrued expenses 1,000 1,000
111,565 180,582

LUSSO MANAGEMENT HOLDINGS LIMITED (REGISTERED NUMBER: 12330179)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
80 Ordinary £1 80 160
80 Ordinary A £1 80 -
20 Ordinary B £1 20 20
20 Ordinary C £1 20 20
200 200

8. RELATED PARTY DISCLOSURES

The company had an outstanding directors loan at the year end due to A D Bailey of £15,100 (Due from A D Bailey 2022 - £100).

The company had an outstanding directors loan at the year end due to L Bailey of £43,500 (Due from L Bailey 2022 - £100).