Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsefalsetrueRetail sale of watches and jewellery in specialised stores.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1true2023-03-02 14701569 2023-03-01 14701569 2023-03-02 2023-12-31 14701569 2023-12-31 14701569 2022-03-02 2023-03-01 14701569 c:Director1 2023-03-02 2023-12-31 14701569 d:Buildings d:LongLeaseholdAssets 2023-03-02 2023-12-31 14701569 d:Buildings d:LongLeaseholdAssets 2023-12-31 14701569 d:CurrentFinancialInstruments 2023-12-31 14701569 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14701569 d:ShareCapital 2023-03-02 2023-12-31 14701569 d:ShareCapital 2023-12-31 14701569 d:RetainedEarningsAccumulatedLosses 2023-03-02 2023-12-31 14701569 d:RetainedEarningsAccumulatedLosses 2023-12-31 14701569 c:OrdinaryShareClass1 2023-03-02 2023-12-31 14701569 c:OrdinaryShareClass1 2023-12-31 14701569 c:FRS102 2023-03-02 2023-12-31 14701569 c:AuditExemptWithAccountantsReport 2023-03-02 2023-12-31 14701569 c:FullAccounts 2023-03-02 2023-12-31 14701569 c:PrivateLimitedCompanyLtd 2023-03-02 2023-12-31 14701569 e:PoundSterling 2023-03-02 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14701569


THE LUXURY CONNECTION LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED DECEMBER 31, 2023

 
THE LUXURY CONNECTION LIMITED
 
 
  
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE LUXURY CONNECTION LIMITED
FOR THE PERIOD ENDED DECEMBER 31, 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Luxury Connection Limited for the Period ended December 31, 2023 which comprise  the Balance sheet, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the director of The Luxury Connection Limited in accordance with the terms of our engagement letter Our work has been undertaken solely to prepare for your approval the financial statements of The Luxury Connection Limited and state those matters that we have agreed to state to the director of The Luxury Connection Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Luxury Connection Limited and its director for our work or for this report. 

It is your duty to ensure that The Luxury Connection Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Luxury Connection Limited. You consider that The Luxury Connection Limited is exempt from the statutory audit requirement for the Period.

We have not been instructed to carry out an audit or review of the financial statements of The Luxury Connection Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Wellers
Accountants
1 Vincent Square
London
SW1P 2PN
October 17, 2024
Page 1

 
THE LUXURY CONNECTION LIMITED
REGISTERED NUMBER: 14701569

BALANCE SHEET
AS AT DECEMBER 31, 2023

2023
Note
£

Fixed assets
  

Tangible assets
  
2,391

  
2,391

Current assets
  

Debtors: amounts falling due within one year
 5 
1,708

Cash at bank and in hand
 6 
190,796

  
192,504

Creditors: amounts falling due within one year
 7 
(7,006)

Net current assets
  
 
 
185,498

Total assets less current liabilities
  
187,889

  

Net assets
  
187,889


Capital and reserves
  

Called up share capital 
  
200,000

Profit and loss account
  
(12,111)

  
187,889


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Page 2

 
THE LUXURY CONNECTION LIMITED
REGISTERED NUMBER: 14701569
    
BALANCE SHEET (CONTINUED)
AS AT DECEMBER 31, 2023

................................................
Nada Ghazal
Director
Date: October 17, 2024

The notes on pages 5 to 8 form part of these financial statements.
Page 3

 
THE LUXURY CONNECTION LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED DECEMBER 31, 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the Period

Loss for the Period

-
(12,111)
(12,111)


Other comprehensive income for the Period
-
-
-


Total comprehensive income for the Period
-
(12,111)
(12,111)


Contributions by and distributions to owners

Shares issued during the Period
200,000
-
200,000


Total transactions with owners
200,000
-
200,000


At December 31, 2023
200,000
(12,111)
187,889

The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
THE LUXURY CONNECTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED DECEMBER 31, 2023

1.


General information

The Luxury Connection Limited is a private limited company limited by share capital, incorporated in England and Wales. The company's registration number is 14701569 and their registered office is 1 Vincent Square, London, United Kingdom, SW1P 2PN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
THE LUXURY CONNECTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED DECEMBER 31, 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:


The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.

Page 6

 
THE LUXURY CONNECTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED DECEMBER 31, 2023

4.


Tangible fixed assets





Long-term leasehold property

£



Cost or valuation


Additions
2,391



At December 31, 2023

2,391






Net book value



At December 31, 2023
2,391


5.


Debtors

2023
£


Other debtors
1,708

1,708



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
190,796

190,796


Page 7

 
THE LUXURY CONNECTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED DECEMBER 31, 2023

7.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
180

Other creditors
6,076

Accruals and deferred income
750

7,006



8.


Share capital

2023
£
Authorised, allotted, called up and fully paid


200,000 Ordinary £1 shares shares of £1.00 each
200,000


150,000 ordinary shares were issued to Nada Ghazal during the year at par value;
30,000 ordinary shares were issued to Firas Ghazal during the year at par value;
10,000 ordinary shares were issued to Maher Ghazal during the year at par value;
10,000 ordinary shares were issued to Saleh Ghazal during the year at par value.

 
Page 8