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REGISTERED NUMBER: 10372836 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th September 2024

for

LUCENT (BLACKBURN) LIMITED

LUCENT (BLACKBURN) LIMITED (REGISTERED NUMBER: 10372836)






Contents of the Financial Statements
for the Year Ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LUCENT (BLACKBURN) LIMITED

Company Information
for the Year Ended 30th September 2024







DIRECTOR: Mr J M Westmoreland





SECRETARY: Mr J M Westmoreland





REGISTERED OFFICE: Woodlands
Higher Commons Lane
Mellor Brook
Blackburn
BB2 7PS





REGISTERED NUMBER: 10372836 (England and Wales)





ACCOUNTANTS: BK Plus - Chorley
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

LUCENT (BLACKBURN) LIMITED (REGISTERED NUMBER: 10372836)

Balance Sheet
30th September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 170,000 170,000

CURRENT ASSETS
Cash at bank 5,582 10,141

CREDITORS
Amounts falling due within one year 5 49,762 58,598
NET CURRENT LIABILITIES (44,180 ) (48,457 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,820

121,543

CREDITORS
Amounts falling due after more than one
year

6

(99,980

)

(99,980

)

PROVISIONS FOR LIABILITIES (3,192 ) (3,192 )
NET ASSETS 22,648 18,371

CAPITAL AND RESERVES
Called up share capital 10 10
Non-distributable reserves 13,606 13,606
Retained earnings 9,032 4,755
22,648 18,371

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

LUCENT (BLACKBURN) LIMITED (REGISTERED NUMBER: 10372836)

Balance Sheet - continued
30th September 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16th June 2025 and were signed by:





Mr J M Westmoreland - Director


LUCENT (BLACKBURN) LIMITED (REGISTERED NUMBER: 10372836)

Notes to the Financial Statements
for the Year Ended 30th September 2024

1. STATUTORY INFORMATION

Lucent (Blackburn) Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue recognition
Revenue is derived from investment property management services, net of value added tax. It is recognised as it falls due based upon property occupancy.

Investment property
Investment properties are properties held to earn rentals, they are initially measured at cost, including transaction costs. Subsequently they are then measured at fair value on an open market basis. Deferred tax is provided on these movements. Gains and losses arising from changes in fair value are included in the Statement of Income and Retained Earnings in the period in which they arise.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2023
and 30th September 2024 170,000
NET BOOK VALUE
At 30th September 2024 170,000
At 30th September 2023 170,000

LUCENT (BLACKBURN) LIMITED (REGISTERED NUMBER: 10372836)

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

4. INVESTMENT PROPERTY - continued

Fair value at 30th September 2024 is represented by:
£   
Valuation in 2022 16,798
Cost 153,202
170,000

If the investment property had not been revalued it would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 153,202 153,202

Investment property was valued on an open market basis on 30th September 2024 by Mr J Westmoreland, a director .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other loans 43,205 52,870
Tax 1,003 566
Directors' current accounts 3,728 3,416
Accruals and deferred income 1,826 1,746
49,762 58,598

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Mortgage 99,980 99,980

7. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Mortgage 99,980 99,980

The mortgage due from the company to the lender is secured by way of a legal charge over the land and buildings at 1 Moorfield Mews, Moorfield Avenue, Ramsgreave, Blackburn.

8. RELATED PARTY DISCLOSURES

At the 30 September 2024 the company owed £43,205 (2023: £52,570) to a trust in which its director is a trustee. No interest has been charged to the company in respect of this loan and it is repayable on demand.

At the 30 September 2024 the company owed £3,728 (2023: £3,416) to its director. No interest has been charged to the company in respect of this loan and it is repayable on demand.

LUCENT (BLACKBURN) LIMITED (REGISTERED NUMBER: 10372836)

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

9. ULTIMATE CONTROLLING PARTY

Throughout the period, Mr J Westmoreland has controlled the company by virtue of his 100% holding interest in the issued ordinary share capital.