Company Registration No. 08900143 (England and Wales)
LUCONA VENTURE LIMITED
Unaudited accounts
for the year ended 29 February 2024
LUCONA VENTURE LIMITED
Unaudited accounts
Contents
LUCONA VENTURE LIMITED
Company Information
for the year ended 29 February 2024
Directors
Kingsley AGOBA
Patience Efedarho DAPPA
Company Number
08900143 (England and Wales)
Registered Office
90 NORMAN ROAD
HORNCHURCH
ESSEX
RM11 1NB
ENGLAND
Accountants
CRYSTAL FINANCE SERVICES LIMITED
9 HOOK CLOSE
BEESTON
NOTTINGHAM
NG9 5AT
Accountants' report to the board of directors on the preparation of the unaudited statutory statements of LUCONA VENTURE LIMITED (The Company) for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 29 February 2024 which comprises of the profit and loss account, the balance sheet, and explanatory notes from the company's accounting records and from information and explanations which you have provided us with.
As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to the board of directors of the company, as a body, in accordance with the terms of our letter of engagement dated 21 February 2019. Our work has been undertaken solely to prepare for your approval the financial statements of the company, and state those matters that we have agreed to state to the board of directors of the company as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its board of directors as a body for our work or for this report.
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and financial performance of the company. You consider that the company is exempt from the requirement to have a statutory audit for the year ended 29 February 2024.
We have not been instructed to carry out any assurance service on the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
CRYSTAL FINANCE SERVICES LIMITED
Financial Accountants
9 HOOK CLOSE
BEESTON
NOTTINGHAM
NG9 5AT
25 August 2024
LUCONA VENTURE LIMITED
Statement of financial position
as at 29 February 2024
Tangible assets
115,162
115,786
Cash at bank and in hand
848
3,246
Creditors: amounts falling due within one year
(71,307)
(69,886)
Net current assets
97,845
101,664
Total assets less current liabilities
213,007
217,450
Creditors: amounts falling due after more than one year
(39,393)
(39,393)
Net assets
173,614
178,057
Called up share capital
245,050
245,050
Profit and loss account
(71,436)
(66,993)
Shareholders' funds
173,614
178,057
For the year ending 29 February 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by
Kingsley AGOBA
Director
Company Registration No. 08900143
LUCONA VENTURE LIMITED
Notes to the Accounts
for the year ended 29 February 2024
LUCONA VENTURE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08900143. The registered office is 90 NORMAN ROAD, HORNCHURCH, ESSEX, RM11 1NB, ENGLAND. The company is in the process of being wound up.
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:
As at the Balance Sheet the Company had received Share payments amounting to £244, 950 (2017: £144,950) from Director Patience Efedarho Dappa for which the Share Capital increase, allotment and Certificates were completed during the 2019 Financial year . This Note is a Requirement by the Home Office regarding Investment into the Company
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2023
18,568
141,275
159,843
At 29 February 2024
18,568
144,259
162,827
At 1 March 2023
18,568
25,489
44,057
Charge for the year
-
3,608
3,608
At 29 February 2024
18,568
29,097
47,665
At 29 February 2024
-
115,162
115,162
At 28 February 2023
-
115,786
115,786
LUCONA VENTURE LIMITED
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Other debtors
168,304
168,304
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
36,580
36,580
Taxes and social security
(1,897)
(1,897)
Loans from directors
35,124
33,953
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
245,050 Ordinary shares of £1 each
245,050
245,050
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).