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REGISTERED NUMBER: 14927160 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 9 JUNE 2023 TO 30 JUNE 2024

FOR

LUCIA (INVESTMENTS) LIMITED

LUCIA (INVESTMENTS) LIMITED (REGISTERED NUMBER: 14927160)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 9 JUNE 2023 TO 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LUCIA (INVESTMENTS) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 9 JUNE 2023 TO 30 JUNE 2024







DIRECTOR: Ms L E Townsend





REGISTERED OFFICE: 42 Lilliput Road
POOLE
Dorset
BH14 8JZ





REGISTERED NUMBER: 14927160 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

LUCIA (INVESTMENTS) LIMITED (REGISTERED NUMBER: 14927160)

BALANCE SHEET
30 JUNE 2024

Notes £    £   
FIXED ASSETS
Investment property 4 467,403

CURRENT ASSETS
Debtors 5 121,001
Cash at bank and in hand 42,831
163,832
CREDITORS
Amounts falling due within one year 6 13,261
NET CURRENT ASSETS 150,571
TOTAL ASSETS LESS CURRENT
LIABILITIES

617,974

CREDITORS
Amounts falling due after more than one
year

7

634,500
NET LIABILITIES (16,526 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (16,626 )
(16,526 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 7 March 2025 and were signed by:



Ms L E Townsend - Director


LUCIA (INVESTMENTS) LIMITED (REGISTERED NUMBER: 14927160)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 9 JUNE 2023 TO 30 JUNE 2024

1. STATUTORY INFORMATION

Lucia (Investments) 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.

The financial statements have been prepared under the going concern convention on the basis of continued financial support from the company's creditors.

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

Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured using a percentage of completion method.

Rental income is recognised on an accruals basis.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property is carried at fair value, derived from current market prices for comparable real estate determined annually by the director. The director uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the profit and loss account. No depreciation is provided on investment properties.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

LUCIA (INVESTMENTS) LIMITED (REGISTERED NUMBER: 14927160)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 9 JUNE 2023 TO 30 JUNE 2024

4. INVESTMENT PROPERTY
Total
£   
COST
Additions 467,403
At 30 June 2024 467,403
NET BOOK VALUE
At 30 June 2024 467,403

Included within the net book value of investment property above is £467,403 in respect of freehold land and buildings. The freehold property is held at historical cost as it was purchased in March 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 121,001

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 1,847
Other creditors 11,414
13,261

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 634,500

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 June 2024:

£   
Ms L E Townsend
Balance outstanding at start of period -
Amounts advanced 2,267
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 2,267

LUCIA (INVESTMENTS) LIMITED (REGISTERED NUMBER: 14927160)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 9 JUNE 2023 TO 30 JUNE 2024

9. RELATED PARTY DISCLOSURES

In November 2023 the company received a loan of £525,000 from a relative of the controlling parties. The loan agreement reflects an interest rate of 8% which is payable when requested. The attorney for the lender is also a controlling party in Lucia Investments Limited and is directly related to the lender. As at the year end, interest of £24,500 has been provided for in the accounts but not paid.

The company received further advances of £94,668 from the same lender in the year, no interest or repayments have accrued by the year end.

As at the year end, £9,668 of the loan is shown within current liabilities and the remaining £634,500 is shown within amounts due after more than one year.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by L E Townsend who together with her mother and father controls 100% of the issued share capital.