LCUK MANAGEMENT LTD Filleted Accounts Cover
LCUK MANAGEMENT LTD
Company No. 10319854
Information for Filing with The Registrar
31 August 2024
LCUK MANAGEMENT LTD Directors Report Registrar
The Director presents her report and the accounts for the year ended 31 August 2024.
Principal activities
The principal activity of the company during the year under review was the development of several high-end boutique fitness studios.
Statement of directors' responsibilities
The Director is responsible for preparing the Director's report and the accounts in accordance with applicable law and regulations.
Company law requires the director to prepare accounts for each financial year. Under that law the director has elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the accounts unless he is satisfied that they give a true and fair view of the state of affairs of the
company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgments and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Director
The Director who served at any time during the year was as follows:
L. Chubuklieva
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
L. Chubuklieva
Director
07 August 2025
LCUK MANAGEMENT LTD Balance Sheet Registrar
at
31 August 2024
Company No.
10319854
Notes
2024
2023
£
£
Fixed assets
Intangible assets
4
30,68741,683
Tangible assets
5
394,456666,715
Investments
6
102102
425,245708,500
Current assets
Debtors
7
808,743494,427
Cash at bank and in hand
14,25112,143
822,994506,570
Creditors: Amount falling due within one year
8
(1,867,236)
(1,443,732)
Net current liabilities
(1,044,242)
(937,162)
Total assets less current liabilities
(618,997)
(228,662)
Creditors: Amounts falling due after more than one year
9
(10,107)
(20,098)
Net liabilities
(629,104)
(248,760)
Capital and reserves
Called up share capital
4141
Share premium account
11
1,149,9591,149,959
Profit and loss account
11
(1,779,104)
(1,398,760)
Total equity
(629,104)
(248,760)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 August 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 07 August 2025 and signed on its behalf by:
L. Chubuklieva
Director
07 August 2025
LCUK MANAGEMENT LTD Notes to the Accounts Registrar
for the year ended 31 August 2024
1
General information
LCUK MANAGEMENT LTD is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 10319854
Its registered office is:
Flat 4 Tyburn Gardens
5 Peto Street North
London
E16 1RE
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Going concern
The accounts are prepared on a going concern basis, which assumes the company will continue in operational existence for the foreseeable future. Management believes the company is well placed to meet its future working capital requirements for a period of at least 12 months from the date of signing these financial statements.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced
for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of services is recognised when all the following conditions are satisfied:

• the Company has transferred to the buyer the significant risks and rewards of the services;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the services sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of services is recognised when services are delivered.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
17% Straight line
Furniture, fittings and equipment
25% Straight line
Taxation
Income tax expense represents the sum of the tax payable and deferred tax.

The tax payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Trade and other debtors
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.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Currency
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors including expectations of future events that are believed to be reasonable under the circumstances.

A key factor in the valuation of the investment acquired in the year is its estimated future revenue generated from deferred income.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
3229
4
Intangible fixed assets
Patents and trade-marks
Other
Total
£
£
£
Cost
At 1 September 2023
9,96150,00059,961
At 31 August 2024
9,96150,00059,961
Amortisation and impairment
At 1 September 2023
3,40114,87718,278
Charge for the year
99610,00010,996
At 31 August 2024
4,39724,87729,274
Net book values
At 31 August 2024
5,56425,12330,687
At 31 August 2023
6,56035,12341,683
Trademark and Intellectual property
5
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 September 2023
1,650,9181,650,918
Additions
3,3163,316
At 31 August 2024
1,654,2341,654,234
Depreciation
At 1 September 2023
984,203984,203
Charge for the year
275,575275,575
At 31 August 2024
1,259,7781,259,778
Net book values
At 31 August 2024
394,456394,456
At 31 August 2023
666,715
666,715
6
Investments
Investment in Subsidiaries
Total
£
£
Cost or valuation
At 1 September 2023
102
102
At 31 August 2024
102
102
Provisions/Impairment
Net book values
At 31 August 2024
102
102
At 31 August 2023
102
102
7
Debtors
2024
2023
£
£
Trade debtors
21,93020,196
Other debtors
777,702464,855
Prepayments and accrued income
9,1119,376
808,743494,427
8
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
13,60613,704
Trade creditors
5,3529,222
Taxes and social security
68,200
48,856
Loans from directors
1,777,8871,371,950
Other creditors
1,591-
Accruals and deferred income
600-
1,867,2361,443,732
9
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,10720,098
10,10720,098
10
Share Capital
Share premium account includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium. Profit and loss account - includes all current and prior period retained profits and losses.
11
Reserves
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
12
Guarantees and commitments
2024
2023
£
£
Total of guarantees and commitments
1,130,8901,373,700
Operating lease commitments
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