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Registered number: 12351704
Luxfield Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Ecommerce Accountants LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12351704
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 555,441 -
555,441 -
CURRENT ASSETS
Debtors 5 - 104,857
Cash at bank and in hand 5,207 168,671
5,207 273,528
Creditors: Amounts Falling Due Within One Year 6 (2,297 ) (2,298 )
NET CURRENT ASSETS (LIABILITIES) 2,910 271,230
TOTAL ASSETS LESS CURRENT LIABILITIES 558,351 271,230
Creditors: Amounts Falling Due After More Than One Year 7 (635,229 ) (320,961 )
NET LIABILITIES (76,878 ) (49,731 )
CAPITAL AND RESERVES
Called up share capital 8 30,100 30,100
Profit and Loss Account (106,978 ) (79,831 )
SHAREHOLDERS' FUNDS (76,878) (49,731)
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Minsup Roh
Director
28/03/2025
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
Luxfield Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12351704 . The registered office is Lytchett House 13 Freeland Park, Wareham Road, Poole, Dorset, BH16 6FA.
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. 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:
Leasehold Straight line basis over 50 years.
Fixtures & Fittings Straight line basis over 3 years.
The Freehold property has been revalued for the first time during the current financial year, whilst they were carried at cost less accumulated depreciation and impairment during the reporting period. The use of a policy of revaluation provides more relevant and reliable information about the value of the property owned by the company.
Leasehold properties are carried at their revalued amounts, being fair value at the date of valuation less subsequent depreciation and impairment losses.
2.3. Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2024 - - -
Additions 556,331 1,205 557,536
As at 31 December 2024 556,331 1,205 557,536
Depreciation
As at 1 January 2024 - - -
Provided during the period 1,854 241 2,095
As at 31 December 2024 1,854 241 2,095
Net Book Value
As at 31 December 2024 554,477 964 555,441
As at 1 January 2024 - - -
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 104,857
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 2,297 2,298
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 635,229 320,961
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 30,100 30,100
9. Related Party Transactions
At the balance sheet date, the company owes 635,229 (2023 - £320,961) to Sangjee Engineering & Construction Co. Ltd, the Parent Company. 
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