Acorah Software Products - Accounts Production 16.1.300 false true true 30 June 2023 7 June 2022 false 1 July 2023 30 June 2024 30 June 2024 14154754 Mr Colin Pittham Mr Luke Wigley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14154754 2023-06-30 14154754 2024-06-30 14154754 2023-07-01 2024-06-30 14154754 frs-core:CurrentFinancialInstruments 2024-06-30 14154754 frs-core:ComputerEquipment 2024-06-30 14154754 frs-core:ComputerEquipment 2023-07-01 2024-06-30 14154754 frs-core:ComputerEquipment 2023-06-30 14154754 frs-core:InvestmentPropertyIncludedWithinPPE 2024-06-30 14154754 frs-core:InvestmentPropertyIncludedWithinPPE 2023-07-01 2024-06-30 14154754 frs-core:InvestmentPropertyIncludedWithinPPE 2023-06-30 14154754 frs-core:ShareCapital 2024-06-30 14154754 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 14154754 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14154754 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 14154754 frs-bus:SmallEntities 2023-07-01 2024-06-30 14154754 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 14154754 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 14154754 frs-bus:Director1 2023-07-01 2024-06-30 14154754 frs-bus:Director2 2023-07-01 2024-06-30 14154754 frs-countries:EnglandWales 2023-07-01 2024-06-30 14154754 2022-06-06 14154754 2023-06-30 14154754 2022-06-07 2023-06-30 14154754 frs-core:CurrentFinancialInstruments 2023-06-30 14154754 frs-core:ShareCapital 2023-06-30 14154754 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 14154754
Luco Property Investment Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14154754
30 June 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 250,332 499
250,332 499
CURRENT ASSETS
Debtors 5 2,300 100
Cash at bank and in hand 3,101 176,964
5,401 177,064
Creditors: Amounts Falling Due Within One Year 6 (337,874 ) (212,955 )
NET CURRENT ASSETS (LIABILITIES) (332,473 ) (35,891 )
TOTAL ASSETS LESS CURRENT LIABILITIES (82,141 ) (35,392 )
NET LIABILITIES (82,141 ) (35,392 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (82,241 ) (35,492 )
SHAREHOLDERS' FUNDS (82,141) (35,392)
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Colin Pittham
Director
26/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Luco Property Investment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14154754 . The registered office is 1 Derwent Business Centre, Clarke Street, Derby, DE1 2BU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director's who have undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% Straight line
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived 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. The fair value of property is based on director's valuations and has not been based on a valuation by an independent valuer with a professional qualification. No depreciation is provided for. 
Changes in fair value are recognised in the profit and loss account.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Investment Properties Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 July 2023 - 666 666
Additions 282,698 - 282,698
Revaluation (32,698 ) - (32,698 )
As at 30 June 2024 250,000 666 250,666
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 July 2023 - 167 167
Provided during the period - 167 167
As at 30 June 2024 - 334 334
Net Book Value
As at 30 June 2024 250,000 332 250,332
As at 1 July 2023 - 499 499
5. Debtors
30 June 2024 30 June 2023
£ £
Due within one year
Prepayments and accrued income 2,200 -
Other debtors 100 100
2,300 100
6. Creditors: Amounts Falling Due Within One Year
30 June 2024 30 June 2023
£ £
Other creditors 29 29
Directors' loan accounts 337,845 212,926
337,874 212,955
7. Share Capital
30 June 2024 30 June 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4