Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-152024-06-15false2023-06-16The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.The princpal activity of the company is that of property developmentfalsetrue00false 10651637 2023-06-16 2024-06-15 10651637 2022-06-16 2023-06-15 10651637 2024-06-15 10651637 2023-06-15 10651637 c:Director2 2023-06-16 2024-06-15 10651637 d:CurrentFinancialInstruments 2024-06-15 10651637 d:CurrentFinancialInstruments 2023-06-15 10651637 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-15 10651637 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-15 10651637 d:ShareCapital 2024-06-15 10651637 d:ShareCapital 2023-06-15 10651637 d:RetainedEarningsAccumulatedLosses 2024-06-15 10651637 d:RetainedEarningsAccumulatedLosses 2023-06-15 10651637 c:OrdinaryShareClass1 2023-06-16 2024-06-15 10651637 c:OrdinaryShareClass1 2024-06-15 10651637 c:OrdinaryShareClass1 2023-06-15 10651637 c:FRS102 2023-06-16 2024-06-15 10651637 c:AuditExempt-NoAccountantsReport 2023-06-16 2024-06-15 10651637 c:FullAccounts 2023-06-16 2024-06-15 10651637 c:PrivateLimitedCompanyLtd 2023-06-16 2024-06-15 10651637 e:PoundSterling 2023-06-16 2024-06-15 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10651637














LUMINOUS PROPERTY GROUP LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 15 JUNE 2024

 
LUMINOUS PROPERTY GROUP LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1
Notes to the Financial Statements
 
 
2 - 3

 
LUMINOUS PROPERTY GROUP LIMITED
REGISTERED NUMBER:10651637

STATEMENT OF FINANCIAL POSITION
AS AT 15 JUNE 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
947,046
5,591,966

Cash at bank and in hand
  
5,359
118

  
952,405
5,592,084

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(226,396)
(4,862,231)

Net current assets
  
726,009
729,853

  

Net assets
  
726,009
729,853


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
725,909
729,753

  
726,009
729,853


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 August 2025.




K Singh
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
LUMINOUS PROPERTY GROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 15 JUNE 2024

1.


General information

Luminous Property Group Limited is a private company, limited by shares, incorporated in England and Wales with its registered office and business address at Cavendish House, 369 Burnt Oak Broadway, Edgware, Middlesex, HA8 5AW.
The principal activity of the Company is that of property development.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the Company in respect of development property sales, exclusive of Value Added Tax.
Development property sales are recognised at the date of exchange of contracts. If completion is conditional upon an external event, revenue is recognised at the time the transaction becomes unconditional.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
a) The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
b) Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

Debtors

Short term debtors are measured at the transaction price.

Page 2

 
LUMINOUS PROPERTY GROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 15 JUNE 2024

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.6

Creditors

Short term creditors are measured at the transaction price.


3.


Employees

The Company has no employees.



4.


Debtors

2024
2023
£
£


Other debtors
946,946
5,591,866

Called up share capital not paid
100
100

947,046
5,591,966



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
26,633
198,815

Taxation and social security
199,763
196,970

Other creditors
-
3,503,446

Accruals
-
963,000

226,396
4,862,231



6.


Share capital

2024
2023
£
£
Allotted, called up and unpaid



100 (2023 - 100) Ordinary shares of £1 each
100
100


 
Page 3