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REGISTERED NUMBER: 12488546 (England and Wales)












Lunal Properties Limited

Unaudited Financial Statements

for the Year Ended 31 January 2024






Lunal Properties Limited (Registered number: 12488546)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


Lunal Properties Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: M Chapman
C L Chapman





SECRETARY: C L Chapman





REGISTERED OFFICE: 6 Brook End
Potton
Sandy
Bedfordshire
SG19 2QS





REGISTERED NUMBER: 12488546 (England and Wales)





ACCOUNTANTS: Clarkson Cleaver & Bowes Ltd
8a Wingbury Courtyard
Business Village
Wingrave
Buckinghamshire
HP22 4LW

Lunal Properties Limited (Registered number: 12488546)

Balance Sheet
31 January 2024

31/1/24 31/1/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 325,000 325,000

CURRENT ASSETS
Debtors 5 69 68
Cash at bank 867 465
936 533
CREDITORS
Amounts falling due within one year 6 (148,213 ) (140,289 )
NET CURRENT LIABILITIES (147,277 ) (139,756 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,723

185,244

CREDITORS
Amounts falling due after more than
one year

7

(189,990

)

(189,990

)
NET LIABILITIES (12,267 ) (4,746 )

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 31,385 31,385
Retained earnings (43,752 ) (36,231 )
SHAREHOLDERS' FUNDS (12,267 ) (4,746 )

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

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

The directors acknowledge their 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.

Lunal Properties Limited (Registered number: 12488546)

Balance Sheet - continued
31 January 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 Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:





M Chapman - Director


Lunal Properties Limited (Registered number: 12488546)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Lunal Properties 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.

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

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 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 and that are expected to apply to the reversal of the timing difference.

Current or deferred taxation liabilities are not discounted.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 February 2023
and 31 January 2024 325,000
NET BOOK VALUE
At 31 January 2024 325,000
At 31 January 2023 325,000

Lunal Properties Limited (Registered number: 12488546)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 January 2024 is represented by:

Freehold
property
£   
Valuation in 2024 325,000

If freehold property had not been revalued it would have been included at the following historical cost:

31/1/24 31/1/23
£    £   
Cost 293,615 293,615

Freehold property was valued on an open market basis on 1 July 2022 by The Cumberland .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Other debtors 69 68

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Other creditors 148,213 140,289

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/1/24 31/1/23
£    £   
Other creditors 189,990 189,990

8. GOING CONCERN

The original purchase of the property and subsequent renovation work was funded by loans from the Directors. During the 2023 accounting year the company secured a mortgage to provide longer term financing.

The renovation work was completed during the 2023 accounting year and the property is now available for commercial rent with income starting in 2024.

The 2024 accounts showed the company generating enough income to cover its costs, with the exception of the interest on the mortgage. The Directors are optimistic of the company showing profits in subsequent years.

The Directors are committed to support the company financially if required.