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Company No: 11500688 (England and Wales)

LUUX PROPERTY LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

LUUX PROPERTY LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

LUUX PROPERTY LIMITED

COMPANY INFORMATION

For the financial year ended 31 August 2024
LUUX PROPERTY LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 August 2024
DIRECTOR Christopher George Wilson
REGISTERED OFFICE Gascoyne House Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
IP28 6JY
United Kingdom
COMPANY NUMBER 11500688 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
LUUX PROPERTY LIMITED

BALANCE SHEET

As at 31 August 2024
LUUX PROPERTY LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 499,165 499,165
499,165 499,165
Current assets
Cash at bank and in hand 25,910 22,239
25,910 22,239
Creditors: amounts falling due within one year 4 ( 2,273) ( 1,947)
Net current assets 23,637 20,292
Total assets less current liabilities 522,802 519,457
Creditors: amounts falling due after more than one year 5 ( 522,251) ( 521,118)
Net assets/(liabilities) 551 ( 1,661)
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 451 ( 1,761 )
Total shareholder's funds/(deficit) 551 ( 1,661)

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Luux Property Limited (registered number: 11500688) were approved and authorised for issue by the Director on 14 March 2025. They were signed on its behalf by:

Christopher George Wilson
Director
LUUX PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
LUUX PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Luux Property Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Gascoyne House Moseleys Farm Business Centre, Fornham All Saints, Bury St Edmunds, IP28 6JY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 September 2023 499,165 499,165
At 31 August 2024 499,165 499,165
Accumulated depreciation
At 01 September 2023 0 0
At 31 August 2024 0 0
Net book value
At 31 August 2024 499,165 499,165
At 31 August 2023 499,165 499,165

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 652 739
Taxation and social security 691 315
Other creditors 930 893
2,273 1,947

5. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 352,147 352,147
Amounts owed to Group undertakings 170,104 168,971
522,251 521,118

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100