Acorah Software Products - Accounts Production 16.0.110 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 13087302 Mr D Rieger iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13087302 2022-12-31 13087302 2023-12-31 13087302 2023-01-01 2023-12-31 13087302 frs-core:CurrentFinancialInstruments 2023-12-31 13087302 frs-core:Non-currentFinancialInstruments 2023-12-31 13087302 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 13087302 frs-core:OtherResidualIntangibleAssets 2023-12-31 13087302 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 13087302 frs-core:OtherResidualIntangibleAssets 2022-12-31 13087302 frs-core:ShareCapital 2023-12-31 13087302 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13087302 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13087302 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13087302 frs-bus:SmallEntities 2023-01-01 2023-12-31 13087302 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13087302 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13087302 frs-bus:Director1 2023-01-01 2023-12-31 13087302 frs-bus:Director1 2022-12-31 13087302 frs-bus:Director1 2023-12-31 13087302 frs-countries:EnglandWales 2023-01-01 2023-12-31 13087302 2021-12-31 13087302 2022-12-31 13087302 2022-01-01 2022-12-31 13087302 frs-core:CurrentFinancialInstruments 2022-12-31 13087302 frs-core:Non-currentFinancialInstruments 2022-12-31 13087302 frs-core:ShareCapital 2022-12-31 13087302 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13087302
Luna Portfolio Ltd.
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13087302
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 49,275 39,063
49,275 39,063
CURRENT ASSETS
Debtors 5 83 2,031
83 2,031
Creditors: Amounts Falling Due Within One Year 6 (33,202 ) (26,194 )
NET CURRENT ASSETS (LIABILITIES) (33,119 ) (24,163 )
TOTAL ASSETS LESS CURRENT LIABILITIES 16,156 14,900
Creditors: Amounts Falling Due After More Than One Year 7 (90,000 ) (90,000 )
NET LIABILITIES (73,844 ) (75,100 )
CAPITAL AND RESERVES
Called up share capital 8 97 97
Profit and Loss Account (73,941 ) (75,197 )
SHAREHOLDERS' FUNDS (73,844) (75,100)
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D Rieger
Director
27 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Luna Portfolio Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 13087302 . The registered office is 42 Tyndall Court, Commerce Road, Lynch Wood, Peterborough, PE2 6LR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Cryptocurrencies.
Cryptocurrencies are initially recognised at cost. After recognition, under the revaluation model, they are measured at cost less any accumulated impairment losses. At each reporting date the company assesses whether there is any indication of impairment. If such indication existed, the recoverable amount of the asset is determined which is higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. As cryptocurrencies are designed to act as a store of value over time, they are considered to have an indefinate life
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Intangible Assets
Other
£
Cost
As at 1 January 2023 75,793
Additions 19,218
Disposals (30,925 )
As at 31 December 2023 64,086
...CONTINUED
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Amortisation
As at 1 January 2023 36,730
Impairment losses (21,919 )
As at 31 December 2023 14,811
Net Book Value
As at 31 December 2023 49,275
As at 1 January 2023 39,063
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 83 2,031
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 105 -
Other creditors 19,560 12,540
Taxation and social security 13,537 13,654
33,202 26,194
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other loans 90,000 90,000
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 97 97
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr David Rieger 1,533 - 1,470 - 63
The above loan is unsecured, interest free and repayable on demand.
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