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Registration number: 14162275

Luna Bella Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Luna Bella Properties Limited

Contents
for the Year Ended 30 June 2024

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Luna Bella Properties Limited

Company Information
for the Year Ended 30 June 2024

Directors

N Turner

F Turner

Registered office

St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

Registered number

14162275 ( England and Wales )

Accountants

Windsor Accountancy Limited
Chartered Certified Accountants
St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

 

Luna Bella Properties Limited

(Registration number: 14162275)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Non current assets

 

Tangible assets

4

2,884

-

Debtors

6

200,000

200,000

Other financial assets

5

250,000

200,000

 

452,884

400,000

Current assets

 

Cash at bank and in hand

 

7,674

3,411

Creditors: Amounts falling due within one year

7

(463,194)

(409,427)

Net current liabilities

 

(455,520)

(406,016)

Net liabilities

 

(2,636)

(6,016)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(2,736)

(6,116)

Shareholders' deficit

 

(2,636)

(6,016)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 November 2024 and signed on its behalf by:
 

.........................................
N Turner
Director

 

Luna Bella Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

These financial statements were authorised for issue by the Board on 28 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Luna Bella Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

33% Straight Line

Fixture & Fittings

20% Straight Line

Fixed asset investments

Interests in joint ventures are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Luna Bella Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

3,228

3,228

At 30 June 2024

3,228

3,228

Depreciation

Charge for the year

344

344

At 30 June 2024

344

344

Carrying amount

At 30 June 2024

2,884

2,884

 

Luna Bella Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 July 2023

200,000

200,000

Additions

50,000

50,000

At 30 June 2024

250,000

250,000

Impairment

Carrying amount

At 30 June 2024

250,000

250,000

6

Debtors

Non-current

2024
£

2023
£

Other debtors

200,000

200,000

 

200,000

200,000

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

820

481

Accruals and deferred income

2,434

2,400

Other creditors

459,940

406,546

463,194

409,427

 

Luna Bella Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

8

Related party transactions

Transactions with directors

2024

At 1 July 2023
£

Advances to director
£

Repayments by director
£

At 30 June 2024
£

Advances and credits

(406,546)

9,800

(63,194)

(459,940)

 

2023

At 9 June 2022
£

Advances to director
£

Repayments by director
£

At 30 June 2023
£

Advances and credits

-

2,100

(408,646)

(406,546)

 

Other transactions with directors

The balance due to the directors at the year end date was free of interest and deemed repayable on demand.