IRIS Accounts Production v24.3.0.553 01967093 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh019670932023-03-31019670932024-03-31019670932023-04-012024-03-31019670932022-03-31019670932022-04-012023-03-31019670932023-03-3101967093ns15:EnglandWales2023-04-012024-03-3101967093ns14:PoundSterling2023-04-012024-03-3101967093ns10:Director12023-04-012024-03-3101967093ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101967093ns10:SmallEntities2023-04-012024-03-3101967093ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3101967093ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101967093ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101967093ns10:FullAccounts2023-04-012024-03-3101967093ns10:OrdinaryShareClass12023-04-012024-03-3101967093ns10:Director22023-04-012024-03-3101967093ns10:CompanySecretary12023-04-012024-03-3101967093ns10:RegisteredOffice2023-04-012024-03-3101967093ns5:CurrentFinancialInstruments2024-03-3101967093ns5:CurrentFinancialInstruments2023-03-3101967093ns5:ShareCapital2024-03-3101967093ns5:ShareCapital2023-03-3101967093ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3101967093ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3101967093ns5:RetainedEarningsAccumulatedLosses2024-03-3101967093ns5:RetainedEarningsAccumulatedLosses2023-03-3101967093ns5:FurnitureFittings2023-03-3101967093ns5:MotorVehicles2023-03-3101967093ns5:FurnitureFittings2023-04-012024-03-3101967093ns5:MotorVehicles2023-04-012024-03-3101967093ns5:FurnitureFittings2024-03-3101967093ns5:MotorVehicles2024-03-3101967093ns5:FurnitureFittings2023-03-3101967093ns5:MotorVehicles2023-03-3101967093ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3101967093ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3101967093ns10:OrdinaryShareClass12024-03-3101967093ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-31
REGISTERED NUMBER: 01967093 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

R. Lunn Developments Limited

R. Lunn Developments Limited (Registered number: 01967093)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R. Lunn Developments Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R J Lunn
Mrs N Ruff





SECRETARY: Mrs D Pixsley-Lunn





REGISTERED OFFICE: Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ





REGISTERED NUMBER: 01967093 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ

R. Lunn Developments Limited (Registered number: 01967093)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 902 1,310
Investments 5 5,715,000 5,715,000
5,715,902 5,716,310

CURRENT ASSETS
Debtors 6 37,090 2,038
Cash at bank and in hand 839,085 864,368
876,175 866,406
CREDITORS
Amounts falling due within one year 7 129,062 76,800
NET CURRENT ASSETS 747,113 789,606
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,463,015

6,505,916

PROVISIONS FOR LIABILITIES 522,572 522,572
NET ASSETS 5,940,443 5,983,344

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 3,641,880 3,641,880
Retained earnings 2,298,463 2,341,364
SHAREHOLDERS' FUNDS 5,940,443 5,983,344

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 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.

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 24 October 2024 and were signed on its behalf by:





R J Lunn - Director


R. Lunn Developments Limited (Registered number: 01967093)

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

1. STATUTORY INFORMATION

R. Lunn Developments 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.

Turnover
Turnover represents amounts receivable from tenants for rent and service charges excluding value added tax.


Tangible fixed assets
Tangible fixed assets other than freehold property are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the costs less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment 15% & 33% on cost


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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments
Listed investments are stated in the accounts at market value at the year end.

Investment properties are stated in the balance sheet at the director's valuation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

R. Lunn Developments Limited (Registered number: 01967093)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 31,186 8,495 39,681
DEPRECIATION
At 1 April 2023 31,041 7,330 38,371
Charge for year 117 291 408
At 31 March 2024 31,158 7,621 38,779
NET BOOK VALUE
At 31 March 2024 28 874 902
At 31 March 2023 145 1,165 1,310

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Balance brought forward 5,715,000 5,715,000

Investments (neither listed nor unlisted) represent investment properties held within the company. These have been valued on an open market basis by R.J. Lunn, a director of the company.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 708
Other debtors 37,090 1,330
37,090 2,038

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 270
Taxation and social security 73,674 54,064
Other creditors 55,388 22,466
129,062 76,800

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary 0.01 100 100

R. Lunn Developments Limited (Registered number: 01967093)

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

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 3,641,880

10. ULTIMATE CONTROLLING PARTY

The company is controlled by R Lunn by way of his majority shareholding.