Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312025-05-2733The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-06-01falseRestaurant activitiesfalse42falsetrue 09140318 2023-06-01 2024-05-31 09140318 2022-06-01 2023-05-31 09140318 2024-05-31 09140318 2023-05-31 09140318 c:Director1 2023-06-01 2024-05-31 09140318 d:Buildings d:LongLeaseholdAssets 2023-06-01 2024-05-31 09140318 d:Buildings d:LongLeaseholdAssets 2024-05-31 09140318 d:Buildings d:LongLeaseholdAssets 2023-05-31 09140318 d:PlantMachinery 2023-06-01 2024-05-31 09140318 d:PlantMachinery 2024-05-31 09140318 d:PlantMachinery 2023-05-31 09140318 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 09140318 d:FurnitureFittings 2023-06-01 2024-05-31 09140318 d:FurnitureFittings 2024-05-31 09140318 d:FurnitureFittings 2023-05-31 09140318 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 09140318 d:OfficeEquipment 2023-06-01 2024-05-31 09140318 d:OfficeEquipment 2024-05-31 09140318 d:OfficeEquipment 2023-05-31 09140318 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 09140318 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 09140318 d:CurrentFinancialInstruments 2024-05-31 09140318 d:CurrentFinancialInstruments 2023-05-31 09140318 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 09140318 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 09140318 d:ShareCapital 2024-05-31 09140318 d:ShareCapital 2023-05-31 09140318 d:RetainedEarningsAccumulatedLosses 2024-05-31 09140318 d:RetainedEarningsAccumulatedLosses 2023-05-31 09140318 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 09140318 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 09140318 c:FRS102 2023-06-01 2024-05-31 09140318 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09140318 c:FullAccounts 2023-06-01 2024-05-31 09140318 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09140318 2 2023-06-01 2024-05-31 09140318 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 09140318









LURRA LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
LURRA LTD
REGISTERED NUMBER: 09140318

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
101,078
170,369

  
101,078
170,369

Current assets
  

Stocks
  
43,675
10,000

Debtors
 6 
1,458,912
1,221,618

Cash at bank and in hand
 7 
658,178
569,967

  
2,160,765
1,801,585

Creditors: amounts falling due within one year
 8 
(796,332)
(891,086)

Net current assets
  
 
 
1,364,433
 
 
910,499

Total assets less current liabilities
  
1,465,511
1,080,868

Provisions for liabilities
  

Deferred tax
  
(22,016)
(34,522)

  
 
 
(22,016)
 
 
(34,522)

Net assets
  
1,443,495
1,046,346


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,443,395
1,046,246

  
1,443,495
1,046,346


Page 1

 
LURRA LTD
REGISTERED NUMBER: 09140318
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M J Adams
Director

Date: 27 May 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
LURRA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Lurra Ltd is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
LURRA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
LURRA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Plant and machinery
-
10%
straight-line
Fixtures and fittings
-
10%
straight-line
Office equipment
-
25%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
LURRA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates. 


4.


Employees

The average monthly number of employees, including directors, during the year was 42 (2023 - 33).

Page 6

 
LURRA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 June 2023
18,344
168,492
444,328
18,242
649,406


Additions
-
11,103
5,591
-
16,694


Disposals
(18,344)
(1,777)
(38,444)
(4,928)
(63,493)



At 31 May 2024

-
177,818
411,475
13,314
602,607



Depreciation


At 1 June 2023
9,480
121,755
332,971
14,831
479,037


Charge for the year on owned assets
-
17,963
48,033
-
65,996


Disposals
(9,480)
(1,450)
(27,646)
(4,928)
(43,504)



At 31 May 2024

-
138,268
353,358
9,903
501,529



Net book value



At 31 May 2024
-
39,550
58,117
3,411
101,078



At 31 May 2023
8,864
46,737
111,357
3,411
170,369


6.


Debtors

2024
2023
£
£



Trade debtors
2,040
1,404

Amounts owed by group undertakings
1,262,551
1,072,292

Other debtors
160,895
147,922

Prepayments and accrued income
33,426
-

1,458,912
1,221,618


Page 7

 
LURRA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
658,178
569,967

658,178
569,967



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
172,574
164,429

Corporation tax
333,210
270,606

Other taxation and social security
122,613
318,019

Other creditors
125,485
112,352

Accruals and deferred income
42,450
25,680

796,332
891,086



9.


Deferred taxation




2024


£






At beginning of year
(34,522)


Charged to profit or loss
12,506



At end of year
(22,016)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(22,016)
(34,522)

(22,016)
(34,522)

Page 8

 
LURRA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

10.


Prior year adjustment

There was an adjustment made in respect of the prior year which amounted to an increase in the pre-tax profits by £242,161, and subsequently increase the tax charge provision by £48,438. The net overall impact increased the company's Profit & Loss account as at 31 May 2023 by £193,723.


11.


Related party transactions

At the balance sheet date the company was owed £1,262,551 (2023: £1,072,292) from related companies. These loans were interest-free and there were no terms for repayment. 


12.


Controlling party

The ultimate controlling party at the balance sheet date was Donostia Holdings Limited.

 
Page 9