Company registration number SC689411 (Scotland)
LUCCA HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
LUCCA HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
LUCCA HOLDINGS LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
2,993,404
2,993,404
Current assets
Cash at bank and in hand
40
43
Creditors: amounts falling due within one year
4
(2,376,441)
(1,872,317)
Net current liabilities
(2,376,401)
(1,872,274)
Total assets less current liabilities
617,003
1,121,130
Creditors: amounts falling due after more than one year
5
(194,488)
(508,445)
Net assets
422,515
612,685
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
422,415
612,585
Total equity
422,515
612,685
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 28 July 2025 and are signed on its behalf by:
Mr T Reynolds
Director
Company Registration No. SC689411
LUCCA HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information
Lucca Holdings Limited is a private company limited by shares incorporated in Scotland. The registered office is 2 Murray Place, Righead Industrial Estate, Bellshill, Lanarkshire, United Kingdom, ML4 3LP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.2
Going concern
The company has nettrue current liabilities of £2,376,401 (2024: £1,872,274) at the balance sheet date including an amount of £2,065,880 (2024: £1,613,695) due to subsidiary KD Doors Limited and £300,000 (2024: £250,000) due to former owners of KD Doors Limited.
The directors, who are also directors in KD Doors Limited, have confirmed that the neither the subsidiary nor the previous owners will seek early repayment of the balances due to them and will continue to provide financial support to the company to allow it to meet its ongoing financial liabilities.
Consequently, these financial statements have been prepared on a going concern basis.
As at the balance sheet date, the company had net assets of £422,515 (£612,685).
1.3
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
LUCCA HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
5
5
3
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
2,993,404
2,993,404
4
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
2,065,880
1,613,695
Other creditors
310,561
258,622
2,376,441
1,872,317
5
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
194,488
508,445
6
Security
A bond and floating charge has been granted over all the property or undertaking of the subsidiary company in favour of its former shareholders as security for a loan of £494,488 (2024: £758,446) included in other creditors.
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary Shares of £1 each
38
38
38
38
B Ordinary Shares of £1 each of £1 each
28
28
28
28
C Ordinary Shares of £1 each of £1 each
14
14
14
14
D Ordinary Shares of £1 each of £1 each
20
20
20
20
100
100
100
100
LUCCA HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
7
Called up share capital
(Continued)
- 4 -
Share Premium on 14 C Ordinary shares is remaining uncalled.
8
Related party transactions
Transactions with related parties
During the year, the company received £240,000 (2024: £145,950) dividends from KD Doors Limited, a wholly owned subsidiary. As at the balance sheet date the company owed £2,065,880 (2024: £1,613,694) to its subsidiary. The balance is unsecured, interest free and repayable on demand.
9
Directors' transactions
Dividends totalling £240,000 (2024: £145,950) were paid in the year in respect of shares held by the company's directors.
Included in other creditors is an amount of £6,675 (2024: £4,456) due to the directors. The balance is unsecured, interest free and repayable on demand.