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REGISTERED NUMBER: 07281743 (England and Wales)















Financial Statements

for the Year Ended 30 June 2024

for

The Lumos Partnership Ltd

The Lumos Partnership Ltd (Registered number: 07281743)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


The Lumos Partnership Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: M W Cheung





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 07281743 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

The Lumos Partnership Ltd (Registered number: 07281743)

Statement of Financial Position
30 June 2024

30/6/24 30/6/23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 4,046 2,007

CURRENT ASSETS
Debtors 6 69,878 93,665
Cash at bank 122,589 111,707
192,467 205,372
CREDITORS
Amounts falling due within one year 7 (8,061 ) (19,913 )
NET CURRENT ASSETS 184,406 185,459
TOTAL ASSETS LESS CURRENT
LIABILITIES

188,452

187,466

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings 188,412 187,426
SHAREHOLDERS' FUNDS 188,452 187,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 May 2025 and were signed by:





M W Cheung - Director


The Lumos Partnership Ltd (Registered number: 07281743)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

The Lumos Partnership 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Revenue 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.
Office Equipment - Straight line over 4 years
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

The Lumos Partnership Ltd (Registered number: 07281743)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. PROPERTY, PLANT AND EQUIPMENT
Office Computer
Equipment equipment Totals
£    £    £   
Cost
At 1 July 2023 330 4,483 4,813
Additions - 2,936 2,936
At 30 June 2024 330 7,419 7,749
Depreciation
At 1 July 2023 330 2,476 2,806
Charge for year - 897 897
At 30 June 2024 330 3,373 3,703
Net book value
At 30 June 2024 - 4,046 4,046
At 30 June 2023 - 2,007 2,007

6. DEBTORS
30/6/24 30/6/23
£    £   
Amounts falling due within one year:
Trade debtors 9,600 33,510
Other debtors 278 155
9,878 33,665

Amounts falling due after more than one year:
Other debtors 60,000 60,000

Aggregate amounts 69,878 93,665

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade creditors 700 700
Taxation and social security 3,765 16,174
Other creditors 3,596 3,039
8,061 19,913

8. RELATED PARTY DISCLOSURES

At 30 June 2024 Mr M Cheung was a director and shareholder of MC Property Investment and Development Limited.

Included in other debtors is a loan to MC Property Investment and Development Limited of £60,000 (2023 - £60,000). The loan is repayable at its 10 year anniversary and there is an option to extend the term with consent from both parties. Interest is payable at 2.5% per annum with effect from July 2019.