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Company Registration No. 02378809 (England and Wales)
Luxteam Limited Unaudited accounts for the year ended 31 March 2025
Luxteam Limited Unaudited accounts Contents
Page
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Luxteam Limited Company Information for the year ended 31 March 2025
Director
Huw Falconer Jones
Secretary
Deborah Jane Jones
Company Number
02378809 (England and Wales)
Registered Office
Home Farm Stables St Leonard's Forest Horsham West Sussex RH13 6PH
Accountants
Alison Austin FCA BFP Home Farm House St. Leonard's Forest Horsham West Sussex RH13 6PH
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Luxteam Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
90,690 
46,397 
Investment property
4,498,656 
4,259,319 
4,589,346 
4,305,716 
Current assets
Debtors
24,777 
11,545 
Cash at bank and in hand
116,950 
318,137 
141,727 
329,682 
Creditors: amounts falling due within one year
(74,999)
(75,575)
Net current assets
66,728 
254,107 
Total assets less current liabilities
4,656,074 
4,559,823 
Creditors: amounts falling due after more than one year
(55,564)
(55,680)
Provisions for liabilities
Deferred tax
(108,416)
(106,318)
Net assets
4,492,094 
4,397,825 
Capital and reserves
Called up share capital
100 
100 
Fair value reserve
3,727,066 
3,727,066 
Profit and loss account
764,928 
670,659 
Shareholders' funds
4,492,094 
4,397,825 
For the year ending 31 March 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 June 2025 and were signed on its behalf by
Huw Falconer Jones Director Company Registration No. 02378809
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Luxteam Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Luxteam Limited is a private company, limited by shares, registered in England and Wales, registration number 02378809. The registered office is Home Farm Stables, St Leonard's Forest, Horsham, West Sussex, RH13 6PH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
The turnover shown in the profit and loss account represents rents received and receivable by the company during the year.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
20% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
25% on reducing balance
Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised as profit or loss.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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Luxteam Limited Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2024
15,754 
72,319 
39,129 
3,655 
130,857 
Additions
3,325 
68,382 
359 
- 
72,066 
Disposals
- 
(22,417)
- 
- 
(22,417)
At 31 March 2025
19,079 
118,284 
39,488 
3,655 
180,506 
Depreciation
At 1 April 2024
7,531 
39,478 
34,022 
3,429 
84,460 
Charge for the year
2,887 
19,303 
820 
56 
23,066 
On disposals
- 
(17,710)
- 
- 
(17,710)
At 31 March 2025
10,418 
41,071 
34,842 
3,485 
89,816 
Net book value
At 31 March 2025
8,661 
77,213 
4,646 
170 
90,690 
At 31 March 2024
8,223 
32,841 
5,107 
226 
46,397 
5
Investment property
2025 
£ 
Fair value at 1 April 2024
4,259,319 
Additions
239,337 
At 31 March 2025
4,498,656 
Fair value at 31 March 2025 is represented by: Original cost of £1,025,836 and the following revaluations in 2011 of £924,710, in 2013 of £808,773 and in 2014 of £1,500,000. A further property has been purchased this year for £239,337 bringing the fair value total for investment properties held to £4,498.656. A further review of property values will be held in April 2027. Previous valuations of the properties have been undertaken by the director, Mr H Jones, and represent open market value at the revaluation date. The change in valuation is held in a fair value reserve.
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
12,431 
- 
Accrued income and prepayments
1,501 
- 
13,932 
- 
Amounts falling due after more than one year
Other debtors
10,845 
11,545 
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Luxteam Limited Notes to the Accounts for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
- 
6,809 
Taxes and social security
25,885 
54,757 
Accruals
49,114 
14,009 
74,999 
75,575 
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Other creditors
55,564 
55,680 
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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