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Registered number: 13225482
Loumin Capital Investments Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
BCS Accountants & Tax Consultants
60 Main Road
Bolton Le Sands
Carnforth
Lancashire
LA5 8DN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13225482
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 410,275 399,647
410,275 399,647
CURRENT ASSETS
Cash at bank and in hand 32 363
32 363
Creditors: Amounts Falling Due Within One Year 6 (297,222 ) (148,321 )
NET CURRENT ASSETS (LIABILITIES) (297,190 ) (147,958 )
TOTAL ASSETS LESS CURRENT LIABILITIES 113,085 251,689
Creditors: Amounts Falling Due After More Than One Year 7 - (125,000 )
NET ASSETS 113,085 126,689
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 112,985 126,589
SHAREHOLDERS' FUNDS 113,085 126,689
Page 1
Page 2
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Benjamin Horobin
Director
28/11/2024
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
Loumin Capital Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13225482 . The registered office is 5 Parsons Close, Lancaster, Lancashire, LA1 5FQ.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0% Reducing Balance
Plant & Machinery 0% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 March 2023 399,215 576 399,791
Additions 10,736 - 10,736
As at 28 February 2024 409,951 576 410,527
Depreciation
As at 1 March 2023 - 144 144
Provided during the period - 108 108
As at 28 February 2024 - 252 252
Net Book Value
As at 28 February 2024 409,951 324 410,275
As at 1 March 2023 399,215 432 399,647
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Other creditors 297,221 148,321
297,222 148,321
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans - 125,000
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4