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REGISTERED NUMBER: 12280396 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Luna Investment Management Limited

Luna Investment Management Limited (Registered number: 12280396)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Luna Investment Management Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J M Stevenson
J Carter
C Romain





REGISTERED OFFICE: The Old Schoolhouse
5-7 Byrom Street
Manchester
M3 4PF





REGISTERED NUMBER: 12280396 (England and Wales)





ACCOUNTANTS: Pareto Tax & Wealth LLP
The Old Schoolhouse
5-7 Byrom Street
Manchester
M3 4PF

Luna Investment Management Limited (Registered number: 12280396)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,453 7,564
Tangible assets 5 63,244 19,680
67,697 27,244

CURRENT ASSETS
Debtors 6 1,416,742 1,037,866
Cash at bank 122,216 3,440
1,538,958 1,041,306
CREDITORS
Amounts falling due within one year 7 614,981 745,604
NET CURRENT ASSETS 923,977 295,702
TOTAL ASSETS LESS CURRENT
LIABILITIES

991,674

322,946

CREDITORS
Amounts falling due after more than one
year

8

(45,872

)

-

PROVISIONS FOR LIABILITIES (16,924 ) (5,176 )
NET ASSETS 928,878 317,770

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 928,877 317,769
SHAREHOLDERS' FUNDS 928,878 317,770

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.

Luna Investment Management Limited (Registered number: 12280396)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:





J M Stevenson - Director


Luna Investment Management Limited (Registered number: 12280396)

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

1. STATUTORY INFORMATION

Luna Investment Management 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 33% on cost
Computer equipment - 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Luna Investment Management Limited (Registered number: 12280396)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 26,690
AMORTISATION
At 1 April 2023 19,126
Charge for year 3,111
At 31 March 2024 22,237
NET BOOK VALUE
At 31 March 2024 4,453
At 31 March 2023 7,564

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 24,351 - 14,439 38,790
Additions - 62,150 846 62,996
At 31 March 2024 24,351 62,150 15,285 101,786
DEPRECIATION
At 1 April 2023 8,561 - 10,549 19,110
Charge for year 7,931 9,064 2,437 19,432
At 31 March 2024 16,492 9,064 12,986 38,542
NET BOOK VALUE
At 31 March 2024 7,859 53,086 2,299 63,244
At 31 March 2023 15,790 - 3,890 19,680

Luna Investment Management Limited (Registered number: 12280396)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 62,150
At 31 March 2024 62,150
DEPRECIATION
Charge for year 9,064
At 31 March 2024 9,064
NET BOOK VALUE
At 31 March 2024 53,086

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 464,031 410,264
Other debtors 58,743 92,607
Amounts due from related party 111,093 78,900
Directors' current accounts 681,033 372,509
Prepayments and accrued income 101,842 83,586
1,416,742 1,037,866

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 6,708 -
Trade creditors 139,183 149,960
Tax 274,014 143,711
Social security and other taxes 38,850 36,208
VAT 93,056 60,902
Other creditors 6,223 11,382
Amount due to related party - 283,938
Accruals and deferred income 56,947 59,503
614,981 745,604

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 45,872 -

Luna Investment Management Limited (Registered number: 12280396)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
J M Stevenson
Balance outstanding at start of year 372,379 20,500
Amounts advanced 726,702 351,879
Amounts repaid (418,048 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 681,033 372,379

J Carter
Balance outstanding at start of year 130 -
Amounts advanced - 130
Amounts repaid (130 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 130

10. RELATED PARTY DISCLOSURES

At 31 March 2024 the company owed £45,048 (2023: £283,938) to Pareto Financial Planning Limited, a company under common control.
The amount is interest free and was repaid within one year.

At 31 March 2024 the company was owed £Nil (2023: £47,476) by Pareto Commercial Finance Ltd, a company under common control.
An amount of £86,531 was written off during the year.

At 31 March 2024 the company was owed £66,045 (2023: £Nil) by Pareto Property Investments LLP, an entity under common control.
The amount is interest free.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J M Stevenson.