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Company Registration No. 06483077 (England and Wales)
Lubaba Ltd Unaudited accounts for the year ended 31 March 2025
Lubaba Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Lubaba Ltd Company Information for the year ended 31 March 2025
Director
Mr M Mushaid
Company Number
06483077 (England and Wales)
Registered Office
21-23 Bury Place Holborn London WC1A 2JH
Accountants
Murugesu Associates 77 Milson Road West Kensington London W14 0LH
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Lubaba Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
21,000
21,000
Tangible assets
5
3,312
3,639
24,312
24,639
Current assets
Inventories
38,000
39,000
Cash at bank and in hand
(5,375)
(7,188)
32,625
31,812
Creditors: amounts falling due within one year
6
(51,412)
(46,878)
Net current liabilities
(18,787)
(15,066)
Total assets less current liabilities
5,525
9,573
Creditors: amounts falling due after more than one year
7
(30,467)
(35,839)
Net liabilities
(24,942)
(26,266)
Capital and reserves
Called up share capital
1
1
Profit and loss account
(24,943)
(26,267)
Shareholders' funds
(24,942)
(26,266)
For the year ending 31 March 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 September 2025 and were signed on its behalf by
Mr M Mushaid Director Company Registration No. 06483077
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Lubaba Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Lubaba Ltd is a private company, limited by shares, registered in England and Wales, registration number 06483077. The registered office is 21-23 Bury Place, Holborn, London, WC1A 2JH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024
21,000
At 31 March 2025
21,000
Amortisation
At 1 April 2024
-
At 31 March 2025
-
Net book value
At 31 March 2025
21,000
At 31 March 2024
21,000
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Lubaba Ltd Notes to the Accounts for the year ended 31 March 2025
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
2,329
5,521
7,850
At 31 March 2025
2,329
5,521
7,850
Depreciation
At 1 April 2024
-
4,211
4,211
Charge for the year
-
327
327
At 31 March 2025
-
4,538
4,538
Net book value
At 31 March 2025
2,329
983
3,312
At 31 March 2024
2,329
1,310
3,639
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
3,233
3,362
Taxes and social security
387
104
Other creditors
29,360
19,979
Loans from directors
17,232
19,912
Accruals
1,200
3,521
51,412
46,878
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
30,467
35,839
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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