15 February 2023 false No description of principal activity Taxfiler 2024.6 14665196business:PrivateLimitedCompanyLtd2023-02-152024-06-30 146651962023-02-14 146651962023-02-152024-06-30 14665196business:AuditExemptWithAccountantsReport2023-02-152024-06-30 14665196business:FilletedAccounts2023-02-152024-06-30 146651962024-06-30 14665196business:Director12023-02-152024-06-30 14665196business:RegisteredOffice2023-02-152024-06-30 14665196core:WithinOneYear2024-06-30 14665196core:AfterOneYear2024-06-30 14665196core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 14665196core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 14665196core:PreviouslyStatedAmount2024-06-30 14665196business:SmallEntities2023-02-152024-06-30 14665196countries:EnglandWales2023-02-152024-06-30 iso4217:GBP xbrli:pure
Company Registration No. 14665196 (England and Wales)
Luxury Homes Estate Limited Unaudited accounts for the period from 15 February 2023 to 30 June 2024
Luxury Homes Estate Limited Unaudited accounts Contents
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Luxury Homes Estate Limited Company Information for the period from 15 February 2023 to 30 June 2024
Director
Dallandyshe Hupi
Company Number
14665196 (England and Wales)
Registered Office
Agents For Accounting Ltd Apex House Grand Arcade London N12 0EH England
Accountants
Agents For Accounting Ltd Apex House, 2nd Floor Grand Arcade London N12 0EH
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Luxury Homes Estate Limited Statement of financial position as at 30 June 2024
2024 
Notes
£ 
Fixed assets
Investment property
652,355 
Current assets
Cash at bank and in hand
8,642 
Creditors: amounts falling due within one year
(338,567)
Net current liabilities
(329,925)
Total assets less current liabilities
322,430 
Creditors: amounts falling due after more than one year
(316,250)
Net assets
6,180 
Capital and reserves
Called up share capital
10 
Profit and loss account
6,170 
Shareholders' funds
6,180 
For the period ending 30 June 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 January 2025 and were signed on its behalf by
Dallandyshe Hupi Director Company Registration No. 14665196
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Luxury Homes Estate Limited Notes to the Accounts for the period from 15 February 2023 to 30 June 2024
1
Statutory information
Luxury Homes Estate Limited is a private company, limited by shares, registered in England and Wales, registration number 14665196. The registered office is Agents For Accounting Ltd, Apex House, Grand Arcade, London, N12 0EH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Investment property
2024 
£ 
Additions
652,355 
At 30 June 2024
652,355 
5
Creditors: amounts falling due within one year
2024 
£ 
Trade creditors
2,930 
Taxes and social security
1,447 
Other creditors
125,516 
Loans from directors
208,640 
Accruals
34 
338,567 
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Luxury Homes Estate Limited Notes to the Accounts for the period from 15 February 2023 to 30 June 2024
6
Creditors: amounts falling due after more than one year
2024 
£ 
Other creditors
316,250 
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
8
Loans to directors
Included in other creditor is a balance of £208,640 owed by the company to its director D Hupi. This balance is unsecured and interest free, with no fixed repayment terms.
9
Transactions with related parties
As at the balance sheet date, an amount of £116,000 is included in other creditors, representing a balance owed by the company to its connected entity, Agents For Accounting Ltd. Agents For Accounting Ltd holds no further interest in, nor any charge over, the company or the underlying property. In accordance with the agreement, the loan will be settled at the end of the mortgage term, either through the sale of the property or by being written off.
10
Average number of employees
During the period the average number of employees was 0.
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