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REGISTERED NUMBER: 09426028 (England and Wales)














LUNA ESTATES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






LUNA ESTATES LIMITED (REGISTERED NUMBER: 09426028)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LUNA ESTATES LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2024







DIRECTOR: R J Paterson





REGISTERED OFFICE: 47a Station Road
London
N21 3NB





REGISTERED NUMBER: 09426028 (England and Wales)





ACCOUNTANTS: Brindley Jacob
Chartered Accountants
167 Turners Hill
Cheshunt
Hertfordshire
EN8 9BH

LUNA ESTATES LIMITED (REGISTERED NUMBER: 09426028)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,433 3,244
Investment property 5 10,729,898 10,729,898
10,732,331 10,733,142

CURRENT ASSETS
Debtors 6 39,128 73,615
Cash at bank 267,999 173,312
307,127 246,927
CREDITORS
Amounts falling due within one year 7 552,719 529,476
NET CURRENT LIABILITIES (245,592 ) (282,549 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,486,739

10,450,593

CREDITORS
Amounts falling due after more than one year 8 (4,025,000 ) (4,025,000 )

PROVISIONS FOR LIABILITIES (620,276 ) (620,276 )
NET ASSETS 5,841,463 5,805,317

CAPITAL AND RESERVES
Called up share capital 2,500 2,500
Share premium 999 999
Revaluation reserve 9 2,644,334 2,644,334
Capital redemption reserve 925,000 925,000
Retained earnings 2,268,630 2,232,484
5,841,463 5,805,317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LUNA ESTATES LIMITED (REGISTERED NUMBER: 09426028)

BALANCE SHEET - continued
31 MARCH 2024


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 by the director and authorised for issue on 29 August 2024 and were signed by:





R J Paterson - Director


LUNA ESTATES LIMITED (REGISTERED NUMBER: 09426028)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024

1. STATUTORY INFORMATION

Luna Estates 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 as modified by the revaluation of certain assets.

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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

LUNA ESTATES LIMITED (REGISTERED NUMBER: 09426028)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 7,689
DEPRECIATION
At 1 April 2023 4,445
Charge for year 811
At 31 March 2024 5,256
NET BOOK VALUE
At 31 March 2024 2,433
At 31 March 2023 3,244

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 10,729,898
NET BOOK VALUE
At 31 March 2024 10,729,898
At 31 March 2023 10,729,898

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2016 1,713,775
Valuation in 2017 1,716,503
Valuation in 2019 (360,565 )
Valuation in 2020 (316,050 )
Valuation in 2021 510,948
Valuation in 2022 (620,277 )
Cost 8,085,564
10,729,898

LUNA ESTATES LIMITED (REGISTERED NUMBER: 09426028)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

6. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 32,698 61,115
Other debtors 6,430 -
39,128 61,115

Amounts falling due after more than one year:
Other debtors - 12,500

Aggregate amounts 39,128 73,615

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1 1
Tax 59,153 42,948
Unpaid dividend on 2%
cumulative redeemable
preference shares 161,000 80,500
Directors' current accounts 328,965 404,047
Accrued expenses 3,600 1,980
552,719 529,476

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Preference shares 4,025,000 4,025,000

9. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 2,644,334