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REGISTERED NUMBER: 12084699 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Lunaprop Limited

Lunaprop Limited (Registered number: 12084699)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Lunaprop Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: S Bard
M Krantz
H E F Sayer





REGISTERED OFFICE: The Roma Building
32/38 Scrutton Street
Bishopsgate
London
EC2A 4RQ





REGISTERED NUMBER: 12084699 (England and Wales)






Lunaprop Limited (Registered number: 12084699)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Investments 4 11,560 300

Current assets
Debtors 5 813,708 14,942,677
Cash at bank 1,328,304 1,159,550
2,142,012 16,102,227
Creditors
Amounts falling due within one year 6 63,600 14,164,155
Net current assets 2,078,412 1,938,072
Total assets less current liabilities 2,089,972 1,938,372

Capital and reserves
Called up share capital 7 100 100
Retained earnings 8 2,089,872 1,938,272
Shareholders' funds 2,089,972 1,938,372

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Board of Directors and authorised for issue on 6 March 2025 and were signed on its behalf by:





M Krantz - Director


Lunaprop Limited (Registered number: 12084699)

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

1. Statutory information

Lunaprop 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.

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

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Cash at bank and in hand
Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, and other short-term liquid investments with original maturities of three months or less.

Lunaprop Limited (Registered number: 12084699)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. Accounting policies - continued

Turnover
Revenue consists of interest earned in the year on loan finance with third parties. Revenue is measured at the fair value of the consideration received or receivable.

Taxation
Taxation for the year comprises current 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 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 statement of financial position date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.

Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority. The directors believe that gains and losses on property sales are likely to be offset over time, and have therefore netted the deferred tax in relation to revaluation gains and losses.

Deferred tax assets and liabilities are not discounted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on the tax rates and laws enacted or substantially enacted at the statement of financial position date.

3. Employees and directors

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

4. Fixed asset investments
Other
investments
£   
Cost
At 1 July 2023 300
Additions 11,260
At 30 June 2024 11,560
Net book value
At 30 June 2024 11,560
At 30 June 2023 300

Lunaprop Limited (Registered number: 12084699)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. Fixed asset investments - continued

During the year, the company has purchased additional 16 shares in Highbridge Lane Limited for £11,260. Thus giving a total shareholding of 316 at the year end.

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 775,842 13,597,771
Tax 37,866 -
Prepayments and accrued income - 1,344,906
813,708 14,942,677

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors - 4,200
Tax - 259,285
Other creditors - 13,728,044
Accruals and deferred income 63,600 172,626
63,600 14,164,155

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

8. Reserves
Retained
earnings
£   

At 1 July 2023 1,938,272
Profit for the year 151,600
At 30 June 2024 2,089,872

9. Related party disclosures

During the year, the Company paid £60,000 (2023: £60,000) in asset management fees and £2,400 (2023: £600) in annual governance fees to Jensen Management Limited, a Company under common control. At the year end there was a balance outstanding of £60,600 (2023: £600) owed to Jensen Management Limited.

During the year, the Company paid £15,500 (2023: £9,460) in management charges to The Estate Office Shoreditch, a Company under common control. At the year end there was a balance outstanding of £nil (2023: £3,600) owed to The Estate Office Shoreditch.

During the year, the Company paid £149,003 (2023: £616,146) in loan interest to R Company 4 Limited, a Company under common control. At the year end, there was a balance outstanding of £nil (2023: £107,126) owed to R Company 4. At the year end there ws a loan capital balance outstanding of £nil (2023: £13,100,000).