REGISTERED NUMBER: 12488546 (England and Wales)

Lunal Properties Limited

Unaudited Financial Statements

for the Year Ended 31 January 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTORS:

M Chapman

C L Chapman

SECRETARY:

C L Chapman

REGISTERED OFFICE:

6 Brook End

Potton

Sandy

Bedfordshire

SG19 2QS

REGISTERED NUMBER:

12488546 (England and Wales)

ACCOUNTANTS:

Clarkson Cleaver & Bowes Ltd

8a Wingbury Courtyard

Business Village

Wingrave

Buckinghamshire

HP22 4LW

FIXED ASSETS

Tangible assets

4

325,000

325,000

CURRENT ASSETS

Debtors

5

71

69

Cash at bank

516

867

587

936

CREDITORS

Amounts falling due within one year

6

(151,009

)

(148,213

)

NET CURRENT LIABILITIES

(150,422

)

(147,277

)

TOTAL ASSETS LESS CURRENT LIABILITIES

174,578

177,723

CREDITORS

Amounts falling due after more than one year

7

(189,990

)

(189,990

)

NET LIABILITIES

(15,412

)

(12,267

)

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

31,385

31,385

Retained earnings

(46,897

)

(43,752

)

SHAREHOLDERS' FUNDS

(15,412

)

(12,267

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by:

M Chapman - Director

1.	STATUTORY INFORMATION

Lunal Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted and that are expected to apply to the reversal of the timing difference.

Current or deferred taxation liabilities are not discounted.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 February 2024

and 31 January 2025

325,000

NET BOOK VALUE

At 31 January 2025

325,000

At 31 January 2024

325,000

Cost or valuation at 31 January 2025 is represented by:

Freehold

property

£

Valuation in 2025

325,000

If freehold property had not been revalued it would have been included at the following historical cost:

31/1/25

31/1/24

£

£

Cost

293,615

293,615

Freehold property was valued on an open market basis on 1 July 2022 by The Cumberland .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Other debtors

71

69

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Other creditors

151,009

148,213

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/1/25

31/1/24

£

£

Other creditors

189,990

189,990

8.	GOING CONCERN

The original purchase of the property and subsequent renovation work was funded by loans from the Directors. During the 2023 accounting year the company secured a mortgage to provide longer term financing.

The renovation work was completed during the 2023 accounting year and the property is now available for commercial rent with income starting in 2024.

The 2024 and 2025 accounts showed the company generating enough income to cover its costs, with the exception of the interest on the mortgage. The Directors are optimistic of the company showing profits in subsequent years.

The Directors are committed to support the company financially if required.