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REGISTERED NUMBER: 09727364 (England and Wales)












Lume Investments Ltd

Unaudited Financial Statements

for the Year Ended 31 August 2024






Lume Investments Ltd (Registered number: 09727364)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lume Investments Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs E Langridge
Mr R Langridge





SECRETARY: Mr R Langridge





REGISTERED OFFICE: 4 Pavilion Court
600 Pavilion Drive
Northampton
NN4 7SL





REGISTERED NUMBER: 09727364 (England and Wales)





ACCOUNTANTS: Kilby Fox
Chartered Accountants
4 Pavilion Court
600 Pavilion Drive
Northampton Business Park
Northampton
Northamptonshire
NN4 7SL

Lume Investments Ltd (Registered number: 09727364)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 761,307 699,438
Investments 5 82,182 164,364
Investment property 6 1,040,000 1,319,300
1,883,489 2,183,102

CURRENT ASSETS
Debtors 7 1,545 4,965
Cash at bank 34,919 29,871
36,464 34,836
CREDITORS
Amounts falling due within one year 8 16,087 25,156
NET CURRENT ASSETS 20,377 9,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,903,866

2,192,782

CREDITORS
Amounts falling due after more than one year 9 1,409,305 1,594,090
NET ASSETS 494,561 598,692

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 226,398 355,575
Retained earnings 268,063 243,017
SHAREHOLDERS' FUNDS 494,561 598,692

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Lume Investments Ltd (Registered number: 09727364)

Balance Sheet - continued
31 August 2024


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 17 March 2025 and were signed on its behalf by:




Mrs E Langridge - Director



Mr R Langridge - Director


Lume Investments Ltd (Registered number: 09727364)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Lume Investments Ltd 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery etc - 15% on reducing balance

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.

Taxation
Taxation for the year 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Lume Investments Ltd (Registered number: 09727364)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant &
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 September 2023 686,021 33,543 719,564
Additions - 78,464 78,464
Revaluations 5,000 - 5,000
At 31 August 2024 691,021 112,007 803,028
DEPRECIATION
At 1 September 2023 - 20,126 20,126
Charge for year - 21,595 21,595
At 31 August 2024 - 41,721 41,721
NET BOOK VALUE
At 31 August 2024 691,021 70,286 761,307
At 31 August 2023 686,021 13,417 699,438

Cost or valuation at 31 August 2024 is represented by:

Plant &
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2021 10,000 - 10,000
Valuation in 2022 5,000 - 5,000
Valuation in 2024 5,000 - 5,000
Cost 671,021 112,007 783,028
691,021 112,007 803,028

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 September 2023 164,364
Revaluations (82,182 )
At 31 August 2024 82,182
NET BOOK VALUE
At 31 August 2024 82,182
At 31 August 2023 164,364

Lume Investments Ltd (Registered number: 09727364)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 August 2024 is represented by:

Other
investments
£   
Valuation in 2024 (82,182 )
Cost 164,364
82,182

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 1,319,300
Disposals (305,000 )
Revaluations 25,700
At 31 August 2024 1,040,000
NET BOOK VALUE
At 31 August 2024 1,040,000
At 31 August 2023 1,319,300

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2016 170,158
Valuation in 2017 58,617
Valuation in 2018 (48 )
Valuation in 2019 (5,000 )
Valuation in 2020 (12,500 )
Valuation in 2021 45,000
Valuation in 2022 1,000
Valuation in 2023 73,300
Valuation in 2024 (124,129 )
Cost 833,602
1,040,000

If the properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 833,602 988,773

The Investment properties were valued on an open market basis on 31 August 2024 by the Director .

Lume Investments Ltd (Registered number: 09727364)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 3,420
Other debtors 1,545 1,545
1,545 4,965

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 11,151 -
Trade creditors 286 292
Taxation and social security 4,650 24,864
16,087 25,156

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 53,311 -
Other creditors 1,355,994 1,594,090
1,409,305 1,594,090

10. RESERVES
Revaluation
reserve
£   
At 1 September 2023 355,575
Revaluation (129,177 )

At 31 August 2024 226,398

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr and Mrs Langridge.

The ultimate controlling party is Mr and Mrs Langridge.