Acorah Software Products - Accounts Production 15.0.600 false true true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 11171358 Ms Lisa Pagin Ms Willow Pagin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11171358 2022-11-30 11171358 2023-11-30 11171358 2022-12-01 2023-11-30 11171358 frs-core:CurrentFinancialInstruments 2023-11-30 11171358 frs-core:Non-currentFinancialInstruments 2023-11-30 11171358 frs-core:ComputerEquipment 2023-11-30 11171358 frs-core:ComputerEquipment 2022-12-01 2023-11-30 11171358 frs-core:ComputerEquipment 2022-11-30 11171358 frs-core:ShareCapital 2023-11-30 11171358 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 11171358 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11171358 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 11171358 frs-bus:SmallEntities 2022-12-01 2023-11-30 11171358 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11171358 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11171358 frs-bus:Director1 2022-12-01 2023-11-30 11171358 frs-bus:Director1 2022-11-30 11171358 frs-bus:Director1 2023-11-30 11171358 frs-bus:Director2 2022-12-01 2023-11-30 11171358 frs-countries:EnglandWales 2022-12-01 2023-11-30 11171358 2021-11-30 11171358 2022-11-30 11171358 2021-12-01 2022-11-30 11171358 frs-core:CurrentFinancialInstruments 2022-11-30 11171358 frs-core:Non-currentFinancialInstruments 2022-11-30 11171358 frs-core:ShareCapital 2022-11-30 11171358 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 11171358
Lux Blu Management Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11171358
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 39,443 39,250
Cash at bank and in hand 275 1,778
39,718 41,028
Creditors: Amounts Falling Due Within One Year 6 (27,184 ) (32,529 )
NET CURRENT ASSETS (LIABILITIES) 12,534 8,499
TOTAL ASSETS LESS CURRENT LIABILITIES 12,534 8,499
Creditors: Amounts Falling Due After More Than One Year 7 (26,307 ) (31,087 )
NET LIABILITIES (13,773 ) (22,588 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (13,775 ) (22,590 )
SHAREHOLDERS' FUNDS (13,773) (22,588)
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For the year ending 30 November 2023 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Lisa Pagin
Director
28/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Lux Blu Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11171358 . The registered office is Bay View, Gyllyngvase Road, Falmouth, Cornwall, TR11 4DJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements.  The directors note that the business has net liabilities of £13,773.  The company is supported through loans from the directors and other connected companies.  The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company.  Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements.  Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 3 years straight line
3. Average Number of Employees
0Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 December 2022 1,008
As at 30 November 2023 1,008
Depreciation
As at 1 December 2022 1,008
As at 30 November 2023 1,008
...CONTINUED
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Net Book Value
As at 30 November 2023 -
As at 1 December 2022 -
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income - 111
Other debtors 11,435 11,435
Directors' loan accounts 15,477 15,173
Amounts owed by connected companies 12,531 12,531
39,443 39,250
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 4,783 4,783
Corporation tax 2,934 3,779
Accruals and deferred income - 2,100
Directors' loan accounts 262 962
Amounts owed to connected companies 19,205 20,905
27,184 32,529
The bank loans balance represents the company's bounce back loan that is secured by the government.
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 26,307 31,087
The bank loans balance represents the company's bounce back loan that is secured by the government.
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2022 Amounts advanced Amounts repaid Amounts written off As at 30 November 2023
£ £ £ £ £
Ms Lisa Pagin 15,174 303 - - 15,477
The above loan is unsecured, repayable on demand and carries an interest rate of 2%.
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10. Related Party Transactions
Balances receiveable from connected companies at 30 November 2023 included within the debtors note above:
    - Lux Blu Cleaning Ltd:   £7,491   (2022: £7,491)
    - Red Willow Holdings Ltd:   £5,040   (2022: £5,040)
Balances payable to connected companies at 30 November 2023 included within the creditors note above:
    - Lux Blu Developments Ltd:   £7,998   (2022: £9,698)
    - Pennywort Properties Ltd:   £11,207   (2022: £11,207)
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