| Lumini Lettings Ltd |
| Registered number: |
11966054 |
| Balance Sheet |
| as at 30 April 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Investment property |
3 |
|
|
647,115 |
|
|
310,000 |
|
| Current assets |
| Debtors |
4 |
|
- |
|
|
9,841 |
| Cash at bank and in hand |
|
|
926 |
|
|
1,643 |
|
|
|
926 |
|
|
11,484 |
|
| Creditors: amounts falling due within one year |
5 |
|
(3,209) |
|
|
(9,592) |
|
| Net current (liabilities)/assets |
|
|
|
(2,283) |
|
|
1,892 |
|
| Total assets less current liabilities |
|
|
|
644,832 |
|
|
311,892 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(596,753) |
|
|
(270,520) |
|
| Provisions for liabilities |
|
|
|
(8,972) |
|
|
(7,832) |
|
| Net assets |
|
|
|
39,107 |
|
|
33,540 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Non distributable revenue reserve |
8 |
|
|
38,248 |
|
|
33,388 |
| Profit and loss account |
|
|
|
858 |
|
|
151 |
|
| Shareholder's funds |
|
|
|
39,107 |
|
|
33,540 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his 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. |
|
| H J Richards |
| Director |
| Approved by the board on 16 January 2026 |
|
| Lumini Lettings Ltd |
| Notes to the Accounts |
| for the year ended 30 April 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised when rents are receivable. |
|
|
Investment Property |
|
Investment property is initially recognised at cost and then carried at fair value, derived from the current market prices for comparable property determined annually by the director using observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the profit or loss account. |
|
|
Creditors |
|
Short term creditors are measured at transaction price, which is usually the invoice price. |
|
|
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. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
| 3 |
Investment property |
| Investment |
| property |
| £ |
|
Cost |
|
At 1 May 2024 |
310,000 |
|
Additions |
331,115 |
|
Revaluation |
6,000 |
|
|
At 30 April 2025 |
647,115 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 May 2024 |
268,780 |
|
At 30 April 2025 |
599,895 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
- |
|
9,841 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
- |
|
6,770 |
|
Taxation and social security costs |
1,735 |
|
1,480 |
|
Other creditors |
1,474 |
|
1,342 |
|
|
|
|
|
|
3,209 |
|
9,592 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
423,983 |
|
184,463 |
|
Other creditors |
|
|
|
|
172,770 |
|
86,057 |
|
|
|
|
|
|
596,753 |
|
270,520 |
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
423,983 |
|
191,233 |
|
|
|
|
|
|
|
|
|
|
The company has a mortgage with Keystone Property Finance Ltd, and Paragon Bank. The mortgages are secured on the property owned by the company. |
|
| 8 |
Non distributable revenue reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 May 2024 |
33,388 |
|
32,187 |
|
Gain on revaluation of land and buildings |
6,000 |
|
- |
|
Deferred taxation arising on the revaluation of land and buildings |
(1,140) |
|
1,201 |
|
|
At 30 April 2025 |
38,248 |
|
33,388 |
|
|
|
|
|
|
|
|
|
| 9 |
Related party transactions |
|
|
Included in other non-current creditors are amounts for £78,660 (2024 - £86,057) owed to Lumini Developments Ltd, a company controlled by the director. Also included in other creditors is an amount of £98,110 (2024: £9,841 debtor) which is due to the director |
|
| 10 |
Other information |
|
Lumini Lettings Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Denmede |
|
Southstoke Road |
|
Bath |
|
BA2 3DZ |