Acorah Software Products - Accounts Production 16.2.850 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13470942 Mr J F Konarek Mr E F Voisin Luxio Property Holdings Limited 12 Tremadoc Road, London, England, SW4 7NE true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13470942 2023-12-31 13470942 2024-12-31 13470942 2024-01-01 2024-12-31 13470942 frs-core:ShareCapital 2024-12-31 13470942 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13470942 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13470942 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13470942 frs-bus:SmallEntities 2024-01-01 2024-12-31 13470942 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13470942 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13470942 1 2024-01-01 2024-12-31 13470942 frs-bus:Director1 2024-01-01 2024-12-31 13470942 frs-bus:Director2 2024-01-01 2024-12-31 13470942 frs-countries:EnglandWales 2024-01-01 2024-12-31 13470942 2022-12-31 13470942 2023-12-31 13470942 2023-01-01 2023-12-31 13470942 frs-core:ShareCapital 2023-12-31 13470942 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Luxio Properties Spv1 Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13470942
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 248,631 299,439
248,631 299,439
Creditors: Amounts Falling Due Within One Year 5 - (46,450 )
NET CURRENT ASSETS (LIABILITIES) 248,631 252,989
TOTAL ASSETS LESS CURRENT LIABILITIES 248,631 252,989
NET ASSETS 248,631 252,989
CAPITAL AND RESERVES
Called up share capital 6 253,001 253,001
Profit and Loss Account (4,370 ) (12 )
SHAREHOLDERS' FUNDS 248,631 252,989
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 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 E F Voisin
Director
18 April 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Luxio Properties Spv1 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13470942 . The registered office is 12 Tremadoc Road , London , SW4 7NE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 believe that the going concern basis is not appropriate as the directors intend to cease trading and apply to formally strike the company from the Company Register. As such the accounts are prepared on a cessation basis so as to report all anticipated income and expenditure up to the point of dissolution.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of development properties and rental income. Turnover is reduced for deposits paid in advance, estimated customer refunds, rebates and other similar allowances.
Turnover from the sale of properties is recognised when the significant risks and rewards of ownership of the property has transferred to the buyer. This is usually at the point of exchange of contracts.
Rental income is recognised on an accruals basis so as to recognise rents due in the period of account.
2.4. Stocks and Work in Progress
Properties acquired for development and resale are held as stock on the company balance sheet. 
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for external market conditions. Cost includes all direct costs on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares, which are measured at fair value, with changes recognised in profit or loss. 
Derivative financial instruments, where applicable, are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and a deferred tax provision where necessary in accordance with accounting standards.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all material taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Where a reliable tax rate cannot be forecast, a deferred tax provision is calculated at the highest tax rate possibly applicable, based on tax rates (and tax laws) enacted by the end of the reporting date. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 2
Page 3
3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 2 (2023: 2)
2 2
4. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 248,631 299,439
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors - 46,450
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 253,001 253,001
7. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Luxio Property Holdings Limited , a company incorporated in England and Wales with company number 13738470. Luxio Property Holdings Limited controls 100% of the shares of Luxio Properties Spv1 Ltd .
Page 3