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Registration number: 11103829

Lumos Property Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Lumos Property Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Lumos Property Limited

Company Information

Directors

K M Bacon Darwin

P A Bacon Darwin

Registered office

Cooper House
Lower Charlton Trading Estate
Shepton Mallet
Somerset
BA4 5QE

Accountants

Burton Sweet Ltd
Chartered Accountants & Business Advisers
Cooper House
Lower Charlton Trading Estate
Shepton Mallet
Somerset
BA4 5QE

 

Lumos Property Limited

(Registration number: 11103829)
Balance Sheet
31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

821,075

821,075

Current assets

 

Cash at bank and in hand

 

11,356

8,404

Creditors: Amounts falling due within one year

5

(821,534)

(839,157)

Net current liabilities

 

(810,178)

(830,753)

Net assets/(liabilities)

 

10,897

(9,678)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

10,797

(9,778)

Shareholders' funds/(deficit)

 

10,897

(9,678)

 

Lumos Property Limited

(Registration number: 11103829)
Balance Sheet
31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 19 August 2024 and signed on its behalf by:
 



K M Bacon Darwin
Director



P A Bacon Darwin
Director

 

Lumos Property Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Cooper House
Lower Charlton Trading Estate
Shepton Mallet
Somerset
BA4 5QE
UK

These financial statements were authorised for issue by the Board on 19 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the rental income receivable in the period.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Lumos Property Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2023

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable properties determined annually. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Investment properties

2023
£

At 1 January

821,075

At 31 December

821,075

There has been no valuation of investment property by an independent valuer.

 

Lumos Property Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2023

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

6

-

488,000

Taxation and social security

 

2,851

-

Other creditors

 

818,683

351,157

 

821,534

839,157

6

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank borrowings

-

488,000