REGISTERED NUMBER: 07567710 (England and Wales)

Lucca (Poundbury) Limited

Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Miss L N Spurr

REGISTERED OFFICE:

24 Cornwall Road

Dorchester

Dorset

DT1 1RX

REGISTERED NUMBER:

07567710 (England and Wales)

ACCOUNTANTS:

Read Woodruff

Chartered Accountants

24 Cornwall Road

Dorchester

Dorset

DT1 1RX

FIXED ASSETS

Tangible assets

4

3,557

2,495

Investment property

5

130,000

130,000

133,557

132,495

CURRENT ASSETS

Debtors

6

1,090

791

Cash at bank

1,751

1,330

2,841

2,121

CREDITORS

Amounts falling due within one year

7

106,503

109,732

NET CURRENT LIABILITIES

(103,662

)

(107,611

)

TOTAL ASSETS LESS CURRENT LIABILITIES

29,895

24,884

PROVISIONS FOR LIABILITIES

8

3,286

3,084

NET ASSETS

26,609

21,800

CAPITAL AND RESERVES

Called up share capital

100

100

Undistributable reserves

9

11,128

11,128

Retained earnings

15,381

10,572

SHAREHOLDERS' FUNDS

26,609

21,800

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

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

The director acknowledges her 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 director and authorised for issue on 10 December 2025 and were signed by:

Miss L N Spurr - Director

1.	STATUTORY INFORMATION

Lucca (Poundbury) 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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

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 by the year end and that are expected to apply to the reversal of the timing difference.

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.

Undistributable reserves

Whilst fair value gains on investment property are taken to the profit and loss account, they are not distributable as dividend to shareholders because the gain is unrealised. The company therefore adopts the policy of transferring the fair value adjustment net/inclusive of the deferred tax charge/credit to a separate account, 'undistributable reserves'.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 April 2024

4,893

Additions

1,690

At 31 March 2025

6,583

DEPRECIATION

At 1 April 2024

2,398

Charge for year

628

At 31 March 2025

3,026

NET BOOK VALUE

At 31 March 2025

3,557

At 31 March 2024

2,495

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

130,000

NET BOOK VALUE

At 31 March 2025

130,000

At 31 March 2024

130,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

7,738

Valuation in 2023

6,000

Cost

116,262

130,000

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

2025

2024

£

£

Cost

116,262

116,262

Investment property was valued on a fair value basis on 31 March 2025 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,002

416

Other debtors

-

303

Prepayments and accrued income

88

72

1,090

791

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

UK corporation tax

926

1,586

Tax and social security costs

695

-

Directors' current accounts

103,947

107,211

Accruals and deferred income

935

935

106,503

109,732

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

676

474

Capital gains on investment properties

2,610

2,610

3,286

3,084

Deferred

tax

£

Balance at 1 April 2024

3,084

Charge to Income Statement during year

202

Balance at 31 March 2025

3,286

9.

RESERVES

Undistributable

reserves

£

At 1 April 2024

and 31 March 2025

11,128

Undistributable reserves represent the unrealised gains on carrying investment property at fair value less the deferred tax provision thereon; being unrealised, such amounts are not available to be distributed as dividend to shareholders.