Company registration number 11632998 (England and Wales)
LUNAR GREEN HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
LUNAR GREEN HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
LUNAR GREEN HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
80
80
Current assets
Debtors
4
322,047
333,228
Cash at bank and in hand
1,148
29
323,195
333,257
Creditors: amounts falling due within one year
5
(23,338)
(13,666)
Net current assets
299,857
319,591
Total assets less current liabilities
299,937
319,671
Creditors: amounts falling due after more than one year
6
(318,370)
(323,930)
Net liabilities
(18,433)
(4,259)
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
(18,435)
(4,261)
Total equity
(18,433)
(4,259)
For the financial year ended 31 December 2024 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 of its financial statements for the year in question in accordance with section 476.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 19 August 2025 and are signed on its behalf by:
Mr R J Garbutt
Director
Company registration number 11632998 (England and Wales)
LUNAR GREEN HOLDINGS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 January 2023
2
(1,500)
(1,498)
Year ended 31 December 2023:
Loss and total comprehensive income
-
(2,761)
(2,761)
Balance at 31 December 2023
2
(4,261)
(4,259)
Year ended 31 December 2024:
Loss and total comprehensive income
-
(14,174)
(14,174)
Balance at 31 December 2024
2
(18,435)
(18,433)
LUNAR GREEN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information
Lunar Green Holdings Limited is a private company limited by shares incorporated in England and Wales, registration number 11632998. The address of the registered office and principal place of business is Unit 2 Reynolds House, 4 Archway, Manchester, M15 5RL.
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.
1.2
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.
1.3
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash at bank and in hand.
1.4
Foreign exchange
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.
1.5
Preparation of consolidated financial statements
The financial statements contain information about Lunar Green Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
1.6
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
LUNAR GREEN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.7
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
80
80
4
Debtors
2024
2023
Amounts falling due after more than one year:
£
£
Amounts owed by group undertakings
322,047
333,228
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
9,860
12,088
Other creditors
13,478
1,578
23,338
13,666
LUNAR GREEN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
31,483
38,873
Other creditors
286,887
285,057
318,370
323,930
Secured debts
The shareholders hold a charge, dated 1st February 2022, creating a fixed and floating charge over the property or undertaking of the entity's subsidiary, Lunar Blockchain Limited. This charge contains a negative pledge and relates to shareholders loans provided to the group.
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
8
Directors' transactions
Interest of £6,500 (2023: £6,510) has been recognised in the profit and loss account in respect of a long-term loan from a director, calculated at a fixed rate of 12% per annum. The 2023 amount was incorrectly posted to the loan account rather than recognised as an expense. As a result, the total interest charge of £13,010 has been recognised in the current year’s profit and loss account. No restatement of comparatives has been made, as the adjustment is not material to the prior year’s results.
9
Parent company
The ultimate controlling parties are the shareholders of the business by virtue of their controlling interest in the entity.