Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-3012023-07-01falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05840231 2023-07-01 2024-06-30 05840231 2022-07-01 2023-06-30 05840231 2024-06-30 05840231 2023-06-30 05840231 2022-07-01 05840231 1 2023-07-01 2024-06-30 05840231 2 2023-07-01 2024-06-30 05840231 5 2023-07-01 2024-06-30 05840231 d:Director1 2023-07-01 2024-06-30 05840231 e:FreeholdInvestmentProperty 2024-06-30 05840231 e:FreeholdInvestmentProperty 2023-06-30 05840231 e:FreeholdInvestmentProperty 2 2023-07-01 2024-06-30 05840231 e:LeaseholdInvestmentProperty 2024-06-30 05840231 e:LeaseholdInvestmentProperty 2023-06-30 05840231 e:LeaseholdInvestmentProperty 2 2023-07-01 2024-06-30 05840231 e:CurrentFinancialInstruments 2024-06-30 05840231 e:CurrentFinancialInstruments 2023-06-30 05840231 e:Non-currentFinancialInstruments 2024-06-30 05840231 e:Non-currentFinancialInstruments 2023-06-30 05840231 e:CurrentFinancialInstruments e:WithinOneYear 2024-06-30 05840231 e:CurrentFinancialInstruments e:WithinOneYear 2023-06-30 05840231 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2024-06-30 05840231 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2023-06-30 05840231 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2024-06-30 05840231 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2023-06-30 05840231 e:Non-currentFinancialInstruments e:MoreThanFiveYears 2024-06-30 05840231 e:Non-currentFinancialInstruments e:MoreThanFiveYears 2023-06-30 05840231 e:ShareCapital 2023-07-01 2024-06-30 05840231 e:ShareCapital 2024-06-30 05840231 e:ShareCapital 2022-07-01 2023-06-30 05840231 e:ShareCapital 2023-06-30 05840231 e:ShareCapital 2022-07-01 05840231 e:InvestmentPropertiesRevaluationReserve 2023-07-01 2024-06-30 05840231 e:InvestmentPropertiesRevaluationReserve 2024-06-30 05840231 e:InvestmentPropertiesRevaluationReserve 1 2023-07-01 2024-06-30 05840231 e:InvestmentPropertiesRevaluationReserve 2022-07-01 2023-06-30 05840231 e:InvestmentPropertiesRevaluationReserve 2023-06-30 05840231 e:InvestmentPropertiesRevaluationReserve 2022-07-01 05840231 e:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 05840231 e:RetainedEarningsAccumulatedLosses 2024-06-30 05840231 e:RetainedEarningsAccumulatedLosses 1 2023-07-01 2024-06-30 05840231 e:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 05840231 e:RetainedEarningsAccumulatedLosses 2023-06-30 05840231 e:RetainedEarningsAccumulatedLosses 2022-07-01 05840231 d:FRS102 2023-07-01 2024-06-30 05840231 d:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05840231 d:FullAccounts 2023-07-01 2024-06-30 05840231 d:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05840231 2 2023-07-01 2024-06-30 05840231 e:ShareCapital 1 2023-07-01 2024-06-30 05840231 f:PoundSterling 2023-07-01 2024-06-30 05840231 e:RetainedEarningsAccumulatedLosses 5 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 05840231


LUNA-V LTD
(Formerly known as Toor's Properties Ltd)
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
LUNA-V LTD
REGISTERED NUMBER: 05840231

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Fixed assets
  

Investment property
 4 
491,000
502,000

  
491,000
502,000

Current assets
  

Debtors: amounts falling due within one year
 5 
-
2,540

Cash at bank and in hand
  
1,500
505

  
1,500
3,045

Creditors: amounts falling due within one year
 6 
(88,244)
(83,877)

Net current liabilities
  
 
 
(86,744)
 
 
(80,832)

Total assets less current liabilities
  
404,256
421,168

  

Creditors: amounts falling due after more than one year
 7 
(189,295)
(195,790)

  
214,961
225,378

Provisions for liabilities
  

Deferred taxation
  
(16,665)
(18,755)

  

Net assets
  
198,296
206,623


Capital and reserves
  

Called up share capital 
  
2
2

Investment property reserve
 9 
172,712
181,622

Profit and loss account
 9 
25,582
24,999

  
198,296
206,623


Page 1

 
LUNA-V LTD
REGISTERED NUMBER: 05840231
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 March 2025.




Dr S Toor
Director

The notes on pages 5 to 11 form part of these financial statements.

Page 2

 
LUNA-V LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 July 2023
2
181,622
24,999
206,623


Comprehensive income for the year

Loss for the year
-
-
(7,327)
(7,327)

Transfer to investment property revaluation reserve
-
-
8,910
8,910

Property revaluation loss
-
(8,910)
-
(8,910)
Total comprehensive income for the year
-
(8,910)
1,583
(7,327)


Contributions by and distributions to owners

Dividends
-
-
(1,000)
(1,000)


At 30 June 2024
2
172,712
25,582
198,296


The notes on pages 5 to 11 form part of these financial statements.

Page 3

 
LUNA-V LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 July 2022
2
181,622
25,861
207,485


Comprehensive income for the year

Loss for the year
-
-
(862)
(862)
Total comprehensive income for the year
-
-
(862)
(862)


At 30 June 2023
2
181,622
24,999
206,623


The notes on pages 5 to 11 form part of these financial statements.

Page 4

 
LUNA-V LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Toor's Properties Limited is a private limited company incorporated and registered in England (registration number 05840231).  Its registered office is at Cromwell House, 68 West Gate, Mansfield, Nottinghamshire, NG18 1RR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the date of signing there is still a degree of uncertainty about the longer term economic impact of the cost of living and wider geo-political issues. The director continues to monitor the position closely, however believes that the company can continue its current level of activity subject to continued support from herself and the bank and therefore continues to adopt the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 5

 
LUNA-V LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.8

Investment property

Investment property is carried at fair value determined annually from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. 

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 6

 
LUNA-V LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 7

 
LUNA-V LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 July 2023
289,000
213,000
502,000


Surplus on revaluation
-
(11,000)
(11,000)



At 30 June 2024
289,000
202,000
491,000

The 2024 valuations were made by the director, on an open market value for existing use basis.

2024
2023
£
£

Revaluation reserves


At 1 July 2023
181,622
181,622

Net deficit in movement properties
(8,910)
-

At 30 June 2024
172,712
181,622



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
301,624
301,624

301,624
301,624

Page 8

 
LUNA-V LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Prepayments and accrued income
-
1,548

Tax recoverable
-
992

-
2,540



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
9,689
11,268

Other creditors
76,802
72,057

Accruals and deferred income
1,753
552

88,244
83,877


The following liabilities were secured:

2024
2023
£
£



Bank loans
9,689
11,268

9,689
11,268

Details of security provided:

The bank loans are secured on the properties.

Page 9

 
LUNA-V LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
189,295
195,790

189,295
195,790


The following liabilities were secured:

2024
2023
£
£



Bank loans
195,790
195,790

195,790
195,790

Details of security provided:

The loans are secured on the properties.

Page 10

 
LUNA-V LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
9,689
11,268


9,689
11,268

Amounts falling due 1-2 years

Bank loans
10,038
11,899


10,038
11,899

Amounts falling due 2-5 years

Bank loans
29,302
36,168


29,302
36,168

Amounts falling due after more than 5 years

Bank loans
149,955
147,723

149,955
147,723

198,984
207,058



9.


Reserves

Investment property revaluation reserve

The investment property revaluation reserve is not distributable, it contains unrealised gains and losses on the valuations of the investment properties.

Profit and loss account

The profit and loss reserve includes all current and prior retained profits and losses.

 
Page 11