Acorah Software Products - Accounts Production 16.4.675 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 11585177 Ms Lisa Pagin Ms Willow Pagin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11585177 2023-11-30 11585177 2024-11-30 11585177 2023-12-01 2024-11-30 11585177 frs-core:CurrentFinancialInstruments 2024-11-30 11585177 frs-core:Non-currentFinancialInstruments 2024-11-30 11585177 frs-core:PlantMachinery 2024-11-30 11585177 frs-core:PlantMachinery 2023-12-01 2024-11-30 11585177 frs-core:PlantMachinery 2023-11-30 11585177 frs-core:ShareCapital 2024-11-30 11585177 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 11585177 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11585177 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 11585177 frs-bus:SmallEntities 2023-12-01 2024-11-30 11585177 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 11585177 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 11585177 frs-core:CostValuation 2023-11-30 11585177 frs-core:CostValuation 2024-11-30 11585177 frs-core:ProvisionsForImpairmentInvestments 2023-11-30 11585177 frs-core:ProvisionsForImpairmentInvestments 2024-11-30 11585177 frs-bus:Director1 2023-12-01 2024-11-30 11585177 frs-bus:Director2 2023-12-01 2024-11-30 11585177 frs-countries:EnglandWales 2023-12-01 2024-11-30 11585177 2022-11-30 11585177 2023-11-30 11585177 2022-12-01 2023-11-30 11585177 frs-core:CurrentFinancialInstruments 2023-11-30 11585177 frs-core:Non-currentFinancialInstruments 2023-11-30 11585177 frs-core:ShareCapital 2023-11-30 11585177 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 11585177
Lux Blu London Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11585177
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 275 827
Investment Properties 5 265,000 220,000
Investments 6 50 50
265,325 220,877
CURRENT ASSETS
Debtors 7 333,810 333,865
Cash at bank and in hand 4,825 4,811
338,635 338,676
Creditors: Amounts Falling Due Within One Year 8 (536,414 ) (380,314 )
NET CURRENT ASSETS (LIABILITIES) (197,779 ) (41,638 )
TOTAL ASSETS LESS CURRENT LIABILITIES 67,546 179,239
Creditors: Amounts Falling Due After More Than One Year 9 - (156,100 )
NET ASSETS 67,546 23,139
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 67,544 23,137
SHAREHOLDERS' FUNDS 67,546 23,139
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For the year ending 30 November 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Lisa Pagin
Director
27/08/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lux Blu London Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11585177 . The registered office is Bay View, Gyllyngvase Road, Falmouth, TR11 4DJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 6.67 years straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost or Valuation
As at 1 December 2023 3,683
As at 30 November 2024 3,683
Depreciation
As at 1 December 2023 2,856
Provided during the period 552
As at 30 November 2024 3,408
Net Book Value
As at 30 November 2024 275
As at 1 December 2023 827
5. Investment Property
2024
£
Fair Value
As at 1 December 2023 220,000
Revaluations 45,000
As at 30 November 2024 265,000
A full market valuation of the investment property was completed by Heather & Lay Independent Estate Agents during the year at a value of £265,000.
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 214,225 214,225
6. Investments
Subsidiaries
£
Cost or Valuation
As at 1 December 2023 50
As at 30 November 2024 50
Provision
As at 1 December 2023 -
As at 30 November 2024 -
Net Book Value
As at 30 November 2024 50
As at 1 December 2023 50
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The investment depicted in the note above represents a 50% ownership in Rosebay Court Ltd.
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 91
Deferred tax current asset 264 228
Amounts owed by connected companies 333,546 333,546
333,810 333,865
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 156,100 -
Corporation tax 3,323 3,323
Other creditors 376,991 376,991
536,414 380,314
Creditors include secured bank loans of £156,100 (2023: £156,100).  This loan is secured on the property at 5a Dracaena Avenue, Falmouth, Cornwall, TR11 2EG.
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 156,100
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Related Party Transactions
Other related party transactions:
Balances receiveable from connected companies at 30 November 2024 included within the debtors note above:
   - Lux Blu Developments Ltd:   £162,736   (2023: £162,736)
   - Rosebay Court Ltd:   £170,811   (2023: £170,811)
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