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Registration number: 09578270

Loonasol Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2025

 

Loonasol Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Loonasol Limited

Company Information

Director

S Duchess Of York

Registered office

Innovations House
19 Staple Gardens
Winchester
Hampshire
SO23 8SR

Accountants

Tax Innovations Limited Innovations House
19 Staple Gardens
Winchester
Hampshire
SO23 8SR

 

Loonasol Limited

(Registration number: 09578270)
Balance Sheet as at 31 May 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

1,782

-

Current assets

 

Cash at bank and in hand

 

100

100

Creditors: Amounts falling due within one year

5

(1,782)

-

Net current (liabilities)/assets

 

(1,682)

100

Net assets

 

100

100

Capital and reserves

 

Called up share capital

6

100

100

Shareholders' funds

 

100

100

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 18 June 2025
 

.........................................
S Duchess Of York
Director

 

Loonasol Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Innovations House
19 Staple Gardens
Winchester
Hampshire
SO23 8SR
United Kingdom

These financial statements were authorised for issue by the director on 18 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows: To be confirmed

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Loonasol Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

Additions acquired separately

1,782

1,782

At 31 May 2025

1,782

1,782

Amortisation

Carrying amount

At 31 May 2025

1,782

1,782

5

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

1,782

-

6

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

100 Ordinary shares of £1 each

100

100

100

100