Lucorum Ltd - Filleted accounts

Registered number

13269601

Lucorum Ltd

Filleted Accounts

31 March 2025

Lucorum Ltd
Registered number:		13269601
Balance Sheet
as at 31 March 2025

Notes			2025		2024

Fixed assets
Tangible assets	3		125,000		125,000

Current assets
Cash at bank and in hand		1,572		233

Creditors: amounts falling due within one year	4	(101,316)		(106,172)

Net current liabilities			(99,744)		(105,939)

Total assets less current liabilities			25,256		19,061


Provisions for liabilities			(4,808)		(3,631)


Net assets			20,448		15,430

Capital and reserves
Called up share capital			2		2
Profit and loss account			20,446		15,428

Shareholders' funds			20,448		15,430

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mrs R M Burdin
Director
Approved by the board on 3 December 2025

Lucorum Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover represents rental income being rent receivable from tenants in respect of the lease of the company's property.

	Investment properties
	Investment properties are carried at fair value determined annually by external valuers or the directors and derived from the current market rents and investment property yields for comparable properties, adjusted if necessary for any difference in the nature, location or condition of the specific asset. no depreciation is provided. Changes in fair value are recognised in profit or loss.No depreciation is provided on investment properties.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	0		0


3	Tangible fixed assets
				Investment properties

	Fair value
	At 1 April 2024			125,000
	At 31 March 2025			125,000

	Depreciation
	At 31 March 2025			-

	Net book value
	At 31 March 2025			125,000
	At 31 March 2024			125,000


	Investment properties	2025		2024

	Historical cost	94,505		94,505
	Cumulative depreciation based on historical cost	-		-
		94,505		94,505
	The properties have been valued by the directors at the financial year end, taking into account the valuations of similar sized properties in the local area.


4	Creditors: amounts falling due within one year	2025		2024


	Other creditors	101,316		106,172


5	Related party transactions

	Directors' Remuneration The aggregate remuneration of the directors during the period was: 31.03.25: £Nil 31.03.24: £Nil Remuneration includes salaries, benefits in kind, pension contributions and other emoluments. Advances, Credits and Guarantees At the balance sheet date, the following amounts were due from/(to) the directors: Loan balance: £(101,064) (31.3.24:£(105,920)) The loan is interest free, unsecured and repayable on demand.


6	Controlling party

	The directors consider that there is no individual controlling party.


7	Other information

	Lucorum Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	71-75 Shelton Street
	London
	WC2H 9JQ