Lucatess Property Ltd NI698387 false 2023-06-21 2024-06-30 2024-06-30 The principal activity of the company is property investment Digita Accounts Production Advanced 6.30.9574.0 true NI698387 2023-06-21 2024-06-30 NI698387 2024-06-30 NI698387 bus:OrdinaryShareClass1 2024-06-30 NI698387 core:CurrentFinancialInstruments 2024-06-30 NI698387 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 NI698387 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 NI698387 bus:SmallEntities 2023-06-21 2024-06-30 NI698387 bus:AuditExemptWithAccountantsReport 2023-06-21 2024-06-30 NI698387 bus:FilletedAccounts 2023-06-21 2024-06-30 NI698387 bus:SmallCompaniesRegimeForAccounts 2023-06-21 2024-06-30 NI698387 bus:RegisteredOffice 2023-06-21 2024-06-30 NI698387 bus:Director1 2023-06-21 2024-06-30 NI698387 bus:Director2 2023-06-21 2024-06-30 NI698387 bus:OrdinaryShareClass1 2023-06-21 2024-06-30 NI698387 bus:PrivateLimitedCompanyLtd 2023-06-21 2024-06-30 NI698387 countries:NorthernIreland 2023-06-21 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI698387

Lucatess Property Ltd

Unaudited Filleted Financial Statements

for the Period from 21 June 2023 to 30 June 2024

 

Lucatess Property Ltd

(Registration number: NI698387)
Balance Sheet as at 30 June 2024

Note

2024
£

Fixed assets

 

Investment property

4

161,070

Current assets

 

Debtors

5

2

Total assets less current liabilities

 

161,072

Creditors: Amounts falling due after more than one year

6

(161,070)

Net assets

 

2

Capital and reserves

 

Called up share capital

7

2

Shareholders' funds

 

2

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 March 2025 and signed on its behalf by:
 

.........................................
Mr Liam Dempsey
Director

.........................................
Mrs Patricia Dempsey
Director

 

Lucatess Property Ltd

Notes to the Unaudited Financial Statements for the Period from 21 June 2023 to 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 117a Lisnahunshin Road, Cullybackey, Ballymena, BT42 1ET.

These financial statements were authorised for issue by the Board on 11 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use 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 profit or loss.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

Lucatess Property Ltd

Notes to the Unaudited Financial Statements for the Period from 21 June 2023 to 30 June 2024

4

Investment properties

2024
£

Additions

161,070

At 30 June

161,070

There has been no valuation of investment property by an independent valuer.

5

Debtors

2024
£

Other debtors

2

 

2

6

Creditors: amounts falling due after more than one year

2024
£

Loan from related party

161,070

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary shares of £1 each

1

1

   

8

Related party transactions

At the year end the company owed Ashgrove Contract Furniture Limited £161,070. Ashgrove Contract Furniture Limited and Lucatess Property Limited are related through virtue of common control.