Lunar Collective Limited 10762307 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is letting of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true 10762307 2023-10-01 2024-09-30 10762307 2024-09-30 10762307 core:CurrentFinancialInstruments 2024-09-30 10762307 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 10762307 core:Non-currentFinancialInstruments 2024-09-30 10762307 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 10762307 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-30 10762307 bus:SmallEntities 2023-10-01 2024-09-30 10762307 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 10762307 bus:FilletedAccounts 2023-10-01 2024-09-30 10762307 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10762307 bus:RegisteredOffice 2023-10-01 2024-09-30 10762307 bus:Director1 2023-10-01 2024-09-30 10762307 bus:Director2 2023-10-01 2024-09-30 10762307 bus:Director3 2023-10-01 2024-09-30 10762307 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10762307 bus:Agent1 2023-10-01 2024-09-30 10762307 countries:England 2023-10-01 2024-09-30 10762307 2023-09-30 10762307 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 10762307 2022-10-01 2023-09-30 10762307 2023-09-30 10762307 core:CurrentFinancialInstruments 2023-09-30 10762307 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 10762307 core:Non-currentFinancialInstruments 2023-09-30 10762307 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 10762307 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 10762307

Lunar Collective Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Lunar Collective Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Lunar Collective Limited

Company Information

Directors

J Rodgers

J Sylvester

D Deacon

Registered office

Globe Works
Penistone Road
Sheffield
S6 3AE

Accountants

Wickersham Limited Eckington Business Centre 1
62 Market Street
Eckington
Sheffield
S21 4JH

 

Lunar Collective Limited

(Registration number: 10762307)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

152,000

152,000

Current assets

 

Debtors

5

68,901

32,248

Cash at bank and in hand

 

263,094

-

 

331,995

32,248

Creditors: Amounts falling due within one year

6

(335,725)

(34,037)

Net current liabilities

 

(3,730)

(1,789)

Total assets less current liabilities

 

148,270

150,211

Creditors: Amounts falling due after more than one year

6

(46,465)

(56,675)

Net assets

 

101,805

93,536

Capital and reserves

 

Called up share capital

3

3

Retained earnings

101,802

93,533

Shareholders' funds

 

101,805

93,536

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 June 2025 and signed on its behalf by:
 

.........................................
J Rodgers
Director

 

Lunar Collective Limited

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

1

General information

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

The address of its registered office is:
Globe Works
Penistone Road
Sheffield
S6 3AE

These financial statements were authorised for issue by the Board on 26 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Lunar Collective Limited

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

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 debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 directors) during the year, was 3 (2023 - 3).

 

Lunar Collective Limited

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

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 October 2023

152,000

152,000

At 30 September 2024

152,000

152,000

Depreciation

Carrying amount

At 30 September 2024

152,000

152,000

At 30 September 2023

152,000

152,000

Included within the net book value of land and buildings above is £152,000 (2023 - £152,000) in respect of freehold land and buildings.
 

5

Debtors

2024
£

2023
£

Prepayments

47,705

15,000

Other debtors

21,196

17,248

68,901

32,248

 

Lunar Collective Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

9,729

10,572

Trade creditors

 

10,370

-

Taxation and social security

 

5,726

5,465

Accruals and deferred income

 

3,000

3,000

Other creditors

 

306,900

15,000

 

335,725

34,037

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

46,465

56,675

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

46,465

56,675

Current loans and borrowings

2024
£

2023
£

Bank borrowings

9,729

9,248

Bank overdrafts

-

1,324

9,729

10,572