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REGISTERED NUMBER: 12330179 (England and Wales)















LUSSO MANAGEMENT HOLDINGS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024






LUSSO MANAGEMENT HOLDINGS LIMITED (REGISTERED NUMBER: 12330179)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LUSSO MANAGEMENT HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: A D Bailey
L Bailey





REGISTERED OFFICE: Unit 17 Marsh Lane Industrial Estate
Portbury
Bristol
BS20 0NH





REGISTERED NUMBER: 12330179 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

LUSSO MANAGEMENT HOLDINGS LIMITED (REGISTERED NUMBER: 12330179)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 609,798 410,122

CURRENT ASSETS
Cash at bank 358,194 209,558

CREDITORS
Amounts falling due within one year 5 101,707 111,565
NET CURRENT ASSETS 256,487 97,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

866,285

508,115

PROVISIONS FOR LIABILITIES 78,200 13,213
NET ASSETS 788,085 494,902

CAPITAL AND RESERVES
Called up share capital 6 200 200
Fair value reserve 7 172,014 -
Retained earnings 615,871 494,702
SHAREHOLDERS' FUNDS 788,085 494,902

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

LUSSO MANAGEMENT HOLDINGS LIMITED (REGISTERED NUMBER: 12330179)

BALANCE SHEET - continued
31ST DECEMBER 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th March 2025 and were signed on its behalf by:





A D Bailey - Director


LUSSO MANAGEMENT HOLDINGS LIMITED (REGISTERED NUMBER: 12330179)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Lusso Management Holdings 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 as modified by the revaluation of certain assets.

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.
Freehold property - Not provided
Plant and machinery - 33% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

LUSSO MANAGEMENT HOLDINGS LIMITED (REGISTERED NUMBER: 12330179)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1st January 2024 270,648 28,983 4,878 174,631 479,140
Additions - 14,837 - - 14,837
Disposals - - - (12,990 ) (12,990 )
Revaluations 229,352 - - - 229,352
At 31st December 2024 500,000 43,820 4,878 161,641 710,339
DEPRECIATION
At 1st January 2024 - 21,342 1,691 45,985 69,018
Charge for year - 6,161 487 37,053 43,701
Eliminated on disposal - - - (12,178 ) (12,178 )
At 31st December 2024 - 27,503 2,178 70,860 100,541
NET BOOK VALUE
At 31st December 2024 500,000 16,317 2,700 90,781 609,798
At 31st December 2023 270,648 7,641 3,187 128,646 410,122

Cost or valuation at 31st December 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2024 229,352 - - - 229,352
Cost 270,648 43,820 4,878 161,641 480,987
500,000 43,820 4,878 161,641 710,339

LUSSO MANAGEMENT HOLDINGS LIMITED (REGISTERED NUMBER: 12330179)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1,198
Amounts owed to group undertakings 74,657 50,767
Directors' current accounts 26,000 58,600
Accrued expenses 1,050 1,000
101,707 111,565

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
80 Ordinary £1 80 80
80 Ordinary A £1 80 80
20 Ordinary B £1 20 20
20 Ordinary C £1 20 20
200 200

7. RESERVES
Fair
value
reserve
£   
Fair value reserve transfer 172,014

At 31st December 2024 172,014

8. RELATED PARTY DISCLOSURES

The company had an outstanding directors loan at the year end due to A D Bailey of £13,000 (2023 - £15,100).

The company had an outstanding directors loan at the year end due to L Bailey of £13,000 (2023 - £43,500).