Company Registration No. 13491182 (England and Wales)
Luqom UK Limited
Financial statements
for the year ended 31 December 2023
Pages for filing with the registrar
Luqom UK Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
Luqom UK Limited
Statement of financial position
As at 31 December 2023
31 December 2023
1
2023
2022
Notes
£
£
£
£
Current assets
-
-
Creditors: amounts falling due within one year
3
(45,779)
(25,685)
Net current liabilities
(45,779)
(25,685)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(45,780)
(25,686)
Total equity
(45,779)
(25,685)

The director of the company has elected not to include a copy of the income statement within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 20 September 2024.
David Doust
Director
Company Registration No. 13491182
Luqom UK Limited
Notes to the financial statements
For the year ended 31 December 2023
2
1
Accounting policies
Company information

Luqom UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Rourke House, Watermans Business Park, The Causeway, Staines, TW18 3BA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Luqom Holdings GmbH truehas provided written assurance that it will provide further funding, to enable the company to meet its ongoing liabilities and to continue to trade for a period of at least twelve months from the date of signing these financial statements.

 

As such at the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Luqom UK Limited
Notes to the financial statements (continued)
For the year ended 31 December 2023
1
Accounting policies (continued)
3
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
3
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
15,732
-
0
Amounts owed to group undertakings
17,098
14,585
Other creditors
12,949
11,100
45,779
25,685
Luqom UK Limited
Notes to the financial statements (continued)
For the year ended 31 December 2023
4
4
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Sheryl Davis
Statutory Auditors:
Saffery LLP
Date of audit report:
24 September 2024
5
Parent company

The immediate parent company is Luqom Holding GmbH. The registered office of Luqom Holding GmbH is Seelbüde 13, 36110 Schlitz, Germany.

 

The ultimate parent company is Luqom GmbH. The registered office of Luqom Gmbh is Rudi-Dutschke-Strasse 26, 10969 Berlin, Germany.

2023-12-312023-01-01false24 September 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityThis audit opinion is unqualifiedDavid Doustfalse134911822023-01-012023-12-31134911822023-12-3113491182core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3113491182core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3113491182core:CurrentFinancialInstruments2023-12-3113491182core:CurrentFinancialInstruments2022-12-31134911822022-12-3113491182core:ShareCapital2023-12-3113491182core:ShareCapital2022-12-3113491182core:RetainedEarningsAccumulatedLosses2023-12-3113491182core:RetainedEarningsAccumulatedLosses2022-12-3113491182bus:Director12023-01-012023-12-31134911822022-01-012022-12-3113491182bus:PrivateLimitedCompanyLtd2023-01-012023-12-3113491182bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3113491182bus:FRS1022023-01-012023-12-3113491182bus:Audited2023-01-012023-12-3113491182bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP