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REGISTERED NUMBER: 10999326 (England and Wales)















LUZO LTD

Unaudited Financial Statements

for the Year Ended 31 December 2024






LUZO LTD (REGISTERED NUMBER: 10999326)

Contents of the Financial Statements
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LUZO LTD

Company Information
for the year ended 31 December 2024







Directors: F Rondinelli
Y D Bloch





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 10999326 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

LUZO LTD (REGISTERED NUMBER: 10999326)

Balance Sheet
31 December 2024

2024 2023
Notes £ £
Fixed assets
Intangible assets 4 2,944 3,886
Tangible assets 5 71 215
Investments 6 - 88,626
3,015 92,727

Current assets
Debtors 7 5,382 1,256
Cash at bank 158 11
5,540 1,267
Creditors
Amounts falling due within one year 8 (3,131 ) (68,225 )
Net current assets/(liabilities) 2,409 (66,958 )
Total assets less current liabilities 5,424 25,769

Capital and reserves
Called up share capital 9 1,000 1,000
Retained earnings 10 4,424 24,769
Shareholders' funds 5,424 25,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:





F Rondinelli - Director


LUZO LTD (REGISTERED NUMBER: 10999326)

Notes to the Financial Statements
for the year ended 31 December 2024


1. Statutory information

Luzo Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The company ceased trading during the year and the financial statements have been prepared on the basis other than going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from the bank and other third parties, loans to related parties, and investment in ordinary shares.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

LUZO LTD (REGISTERED NUMBER: 10999326)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


3. Employees and directors

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

4. Intangible fixed assets
Patents and
licences
£
Cost
At 1 January 2024
and 31 December 2024 9,424
Amortisation
At 1 January 2024 5,538
Amortisation for year 942
At 31 December 2024 6,480
Net book value
At 31 December 2024 2,944
At 31 December 2023 3,886

5. Tangible fixed assets
Computer
equipment
£
Cost
At 1 January 2024
and 31 December 2024 574
Depreciation
At 1 January 2024 359
Charge for year 144
At 31 December 2024 503
Net book value
At 31 December 2024 71
At 31 December 2023 215

6. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 January 2024 88,626
Disposals (88,626 )
At 31 December 2024 -
Net book value
At 31 December 2024 -
At 31 December 2023 88,626

LUZO LTD (REGISTERED NUMBER: 10999326)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


7. Debtors: amounts falling due within one year
2024 2023
£ £
Amounts owed by group undertakings 1,256 1,256
Other debtors 4,126 -
5,382 1,256

8. Creditors: amounts falling due within one year
2024 2023
£ £
Taxation and social security 971 110
Other creditors 2,160 68,115
3,131 68,225

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £10 1,000 1,000

10. Reserves
Retained
earnings
£

At 1 January 2024 24,769
Deficit for the year (20,345 )
At 31 December 2024 4,424

11. Related party disclosures

Included within other creditors is £NIL (2023: £65,695) owed to the directors.