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REGISTERED NUMBER: 07245961 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Luna Rossa Gerrards Cross Ltd

Luna Rossa Gerrards Cross Ltd (Registered number: 07245961)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Luna Rossa Gerrards Cross Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: L Terranera





SECRETARY: Ms L C Terranera





REGISTERED OFFICE: 24 Packhorse Road
Gerrards Cross
Buckinghamshire
SL9 7DA





REGISTERED NUMBER: 07245961 (England and Wales)





ACCOUNTANTS: Martin+Heller
5 North End Road
London
NW11 7RJ

Luna Rossa Gerrards Cross Ltd (Registered number: 07245961)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,482,336 1,527,404

CURRENT ASSETS
Stocks 6,550 5,750
Debtors 5 3,313 12,663
Cash at bank and in hand 25,866 50,416
35,729 68,829
CREDITORS
Amounts falling due within one year 6 430,850 274,046
NET CURRENT LIABILITIES (395,121 ) (205,217 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,087,215

1,322,187

CREDITORS
Amounts falling due after more than one year 7 (637,921 ) (795,683 )

PROVISIONS FOR LIABILITIES 8 (9,584 ) (10,071 )
NET ASSETS 439,710 516,433

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 439,610 516,333
SHAREHOLDERS' FUNDS 439,710 516,433

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Rossa Gerrards Cross Ltd (Registered number: 07245961)

Balance Sheet - continued
31 July 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 director and authorised for issue on 5 February 2025 and were signed by:





L Terranera - Director


Luna Rossa Gerrards Cross Ltd (Registered number: 07245961)

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


1. STATUTORY INFORMATION

Luna Rossa Gerrards Cross Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 20% on reducing balance and over the term of the lease
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 30 (2023 - 24 ) .

Luna Rossa Gerrards Cross Ltd (Registered number: 07245961)

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


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 August 2023 1,785,110 154,492 1,939,602
Additions - 2,313 2,313
At 31 July 2024 1,785,110 156,805 1,941,915
DEPRECIATION
At 1 August 2023 310,710 101,488 412,198
Charge for year 36,001 11,380 47,381
At 31 July 2024 346,711 112,868 459,579
NET BOOK VALUE
At 31 July 2024 1,438,399 43,937 1,482,336
At 31 July 2023 1,474,400 53,004 1,527,404

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£ £
Trade debtors 2,703 12,053
Other debtors 610 610
3,313 12,663

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£ £
Bank loans and overdrafts 146,196 149,824
Taxation and social security 58,655 65,693
Other creditors 225,999 58,529
430,850 274,046

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£ £
Bank loans 637,921 795,683

8. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£ £
Deferred tax 9,584 10,071

Luna Rossa Gerrards Cross Ltd (Registered number: 07245961)

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


8. PROVISIONS FOR LIABILITIES - continued

Deferred tax
£
Balance at 1 August 2023 10,071
Provided during year (487 )
Balance at 31 July 2024 9,584

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £ £
100 Ordinary Shares 1 100 100

10. RESERVES
Retained
earnings
£

At 1 August 2023 516,333
Profit for the year 35,277
Dividends (112,000 )
At 31 July 2024 439,610