IRIS Accounts Production v24.1.4.33 03203225 director 30.12.22 29.12.23 29.12.23 0 0 false true false false true false Ordinary 1.64000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh032032252022-12-29032032252023-12-29032032252022-12-302023-12-29032032252021-12-29032032252021-12-302022-12-29032032252022-12-2903203225ns15:EnglandWales2022-12-302023-12-2903203225ns14:Euro2022-12-302023-12-2903203225ns10:Director12022-12-302023-12-2903203225ns10:PrivateLimitedCompanyLtd2022-12-302023-12-2903203225ns10:SmallEntities2022-12-302023-12-2903203225ns10:AuditExempt-NoAccountantsReport2022-12-302023-12-2903203225ns10:SmallCompaniesRegimeForDirectorsReport2022-12-302023-12-2903203225ns10:SmallCompaniesRegimeForAccounts2022-12-302023-12-2903203225ns10:FullAccounts2022-12-302023-12-2903203225ns10:OrdinaryShareClass12022-12-302023-12-2903203225ns10:CompanySecretary12022-12-302023-12-2903203225ns10:RegisteredOffice2022-12-302023-12-2903203225ns5:CurrentFinancialInstruments2023-12-2903203225ns5:CurrentFinancialInstruments2022-12-2903203225ns5:UnlistedNon-exchangeTradedns5:CostValuation2022-12-2903203225ns5:UnlistedNon-exchangeTradedns5:AdditionsToInvestments2023-12-2903203225ns5:UnlistedNon-exchangeTradedns5:CostValuation2023-12-2903203225ns5:UnlistedNon-exchangeTraded2023-12-2903203225ns5:UnlistedNon-exchangeTraded2022-12-2903203225ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-2903203225ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-2903203225ns10:OrdinaryShareClass12023-12-2903203225ns5:RetainedEarningsAccumulatedLosses2022-12-302023-12-29
REGISTERED NUMBER: 03203225 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 December 2023

for

Lucian Associates Limited

Lucian Associates Limited (Registered number: 03203225)






Contents of the Financial Statements
for the Year Ended 29 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lucian Associates Limited

Company Information
for the Year Ended 29 December 2023







DIRECTOR: Mrs M A Seville





SECRETARY: Regent Corporate Secretaries Ltd





REGISTERED OFFICE: Studio 3, 92 Lots Road
London
United Kingdom
SW10 0QD





REGISTERED NUMBER: 03203225 (England and Wales)





ACCOUNTANTS: InMindful (UK) Ltd
37-38 Long Acre
London
WC2E 9JT

Lucian Associates Limited (Registered number: 03203225)

Balance Sheet
29 December 2023

29.12.23 29.12.22
Notes €    €    €    €   
FIXED ASSETS
Investments 4 2,695,201 2,266,665

CURRENT ASSETS
Debtors 5 3,318 10,479
Cash at bank 8,406 559,681
11,724 570,160
CREDITORS
Amounts falling due within one year 6 10,373,440 10,335,112
NET CURRENT LIABILITIES (10,361,716 ) (9,764,952 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,666,515

)

(7,498,287

)

CAPITAL AND RESERVES
Called up share capital 8 16,400 16,400
Revaluation reserve 9 17,462 (55,152 )
Retained earnings 9 (7,700,377 ) (7,459,535 )
SHAREHOLDERS' FUNDS (7,666,515 ) (7,498,287 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 18 September 2024 and were signed by:





Mrs M A Seville - Director


Lucian Associates Limited (Registered number: 03203225)

Notes to the Financial Statements
for the Year Ended 29 December 2023

1. STATUTORY INFORMATION

Lucian Associates 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.

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 (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Unlisted
investments
€   
COST
At 30 December 2022 2,266,665
Additions 428,536
At 29 December 2023 2,695,201
NET BOOK VALUE
At 29 December 2023 2,695,201
At 29 December 2022 2,266,665

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.12.23 29.12.22
€    €   

Lucian Associates Limited (Registered number: 03203225)

Notes to the Financial Statements - continued
for the Year Ended 29 December 2023

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
Deferred Tax Asset 3,318 10,479

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.23 29.12.22
€    €   
Bank loans and overdrafts (see note 7) - 61
Trade creditors (13,956 ) (12,824 )
Other creditors 10,298,395 10,296,913
Accruals and deferred income 87,586 38,798
Accrued expenses 1,415 12,164
10,373,440 10,335,112

7. LOANS

An analysis of the maturity of loans is given below:

29.12.23 29.12.22
€    €   
Amounts falling due within one year or on demand:
Bank overdrafts - 61

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.12.23 29.12.22
value: €    €   
10,000 Ordinary €1.64 16,400 16,400

9. RESERVES
Retained Revaluation
earnings reserve Totals
€    €    €   

At 30 December 2022 (7,459,535 ) (55,152 ) (7,514,687 )
Deficit for the year (240,842 ) (240,842 )
Revaluation Reserve - 72,614 72,614
At 29 December 2023 (7,700,377 ) 17,462 (7,682,915 )