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REGISTERED NUMBER: 11224287 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

LUNA PROPERTY LIMITED

LUNA PROPERTY LIMITED (REGISTERED NUMBER: 11224287)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LUNA PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2024







DIRECTOR: A J Jackson





REGISTERED OFFICE: 10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA





REGISTERED NUMBER: 11224287 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

LUNA PROPERTY LIMITED (REGISTERED NUMBER: 11224287)

BALANCE SHEET
28 FEBRUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 545 681
Investment property 6 790,000 810,000
790,545 810,681

CURRENT ASSETS
Cash at bank 7,393 21,630

CREDITORS
Amounts falling due within one year 7 (616,844 ) (642,070 )
NET CURRENT LIABILITIES (609,451 ) (620,440 )
TOTAL ASSETS LESS CURRENT LIABILITIES 181,094 190,241

PROVISIONS FOR LIABILITIES 8 (20,433 ) (24,233 )
NET ASSETS 160,661 166,008

CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair value reserve 10 87,108 103,308
Retained earnings 73,551 62,698
SHAREHOLDERS' FUNDS 160,661 166,008

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LUNA PROPERTY LIMITED (REGISTERED NUMBER: 11224287)

BALANCE SHEET - continued
28 FEBRUARY 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





A J Jackson - Director


LUNA PROPERTY LIMITED (REGISTERED NUMBER: 11224287)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

1. STATUTORY INFORMATION

Luna Property 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable. The company is not VAT registered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

Investment property
Investment property is included at fair value. Fair value gains and losses are recognised in the profit and loss account. Deferred taxation is provided on these gains and losses at the rate expected to apply when the property is sold.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, 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.

4. EMPLOYEES AND DIRECTORS

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

LUNA PROPERTY LIMITED (REGISTERED NUMBER: 11224287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 28 February 2024 1,361
DEPRECIATION
At 1 March 2023 680
Charge for year 136
At 28 February 2024 816
NET BOOK VALUE
At 28 February 2024 545
At 28 February 2023 681

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 810,000
Revaluations (20,000 )
At 28 February 2024 790,000
NET BOOK VALUE
At 28 February 2024 790,000
At 28 February 2023 810,000

Fair value at 28 February 2024 is represented by:
£   
Valuation in 2019 17,541
Valuation in 2020 31,000
Valuation in 2021 39,000
Valuation in 2022 30,000
Valuation in 2023 10,000
Valuation in 2024 (20,000 )
Cost 682,459
790,000

LUNA PROPERTY LIMITED (REGISTERED NUMBER: 11224287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

6. INVESTMENT PROPERTY - continued

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

2024 2023
£    £   
Cost 682,459 682,459

Investment property was valued on an open market basis on 28 February 2024 by the director .

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 120 1,248
Taxation and social security 2,578 7,899
Other creditors 614,146 632,923
616,844 642,070

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 20,433 24,233

Deferred
tax
£   
Balance at 1 March 2023 24,233
Provided during year (3,800 )
Balance at 28 February 2024 20,433

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary 1 2 2

LUNA PROPERTY LIMITED (REGISTERED NUMBER: 11224287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

10. RESERVES
Fair
value
reserve
£   
At 1 March 2023 103,308
Fair Value Reserve (16,200 )

At 28 February 2024 87,108

11. RELATED PARTY DISCLOSURES

At the balance sheet date the amount of £289,825 (2023: £370,744) was owed to the directors. This amount is inclusive of interest charged of £4,989 (2023: £6,382). The amount is repayable on demand and is disclosed within other creditors.