Acorah Software Products - Accounts Production 19.1.200 false true true false 18 September 2024 30 September 2025 30 September 2025 15964364 Mr J Luxon Mrs. C C Luxon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15964364 2024-09-17 15964364 2025-09-30 15964364 2024-09-18 2025-09-30 15964364 frs-core:CurrentFinancialInstruments 2025-09-30 15964364 frs-core:Non-currentFinancialInstruments 2025-09-30 15964364 frs-core:ShareCapital 2025-09-30 15964364 frs-core:RetainedEarningsAccumulatedLosses 2024-09-18 2025-09-30 15964364 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-09-17 15964364 frs-core:RetainedEarningsAccumulatedLosses 2025-09-30 15964364 frs-bus:PrivateLimitedCompanyLtd 2024-09-18 2025-09-30 15964364 frs-bus:FilletedAccounts 2024-09-18 2025-09-30 15964364 frs-bus:SmallEntities 2024-09-18 2025-09-30 15964364 frs-bus:AuditExempt-NoAccountantsReport 2024-09-18 2025-09-30 15964364 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-18 2025-09-30 15964364 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-09-17 15964364 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-09-30 15964364 frs-bus:Director1 2024-09-18 2025-09-30 15964364 frs-bus:Director2 2024-09-18 2025-09-30 15964364 frs-countries:EnglandWales 2024-09-18 2025-09-30
Registered number: 15964364
Luxon Lettings Ltd
Unaudited Financial Statements
For the Period 18 September 2024 to 30 September 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 15964364
30 September 2025
Notes £ £
FIXED ASSETS
Investment Properties 4 963,475
963,475
CURRENT ASSETS
Debtors 5 100
Cash at bank and in hand 162,240
162,340
Creditors: Amounts Falling Due Within One Year 6 (523,774 )
NET CURRENT ASSETS (LIABILITIES) (361,434 )
TOTAL ASSETS LESS CURRENT LIABILITIES 602,041
Creditors: Amounts Falling Due After More Than One Year 7 (481,882 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (28,402 )
NET ASSETS 91,757
CAPITAL AND RESERVES
Called up share capital 8 1
Fair value reserve 9 85,206
Profit and Loss Account 6,550
SHAREHOLDERS' FUNDS 91,757
Page 1
Page 2
For the period ending 30 September 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J Luxon
Director
8 April 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Luxon Lettings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15964364 . The registered office is 16 Grosvenor Avenue, Newquay, Cornwall, TR7 1BQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
As at the period end, the company's balance sheet shows net current liabilities totalling £361,480. Accordingly, the directors have had to consider the basis upon which the accounts should be prepared and determine whether a going concern basis remains appropriate. The accounts have been prepared on a going concern basis, as the director continues to provide financial support to the company, when necessary. The director has also reviewed the position for twelve months from the date the accounts were approved and in his opinion the company will reduce the balance sheet deficiency and show positive results for the next financial period. 
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rent. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Investment Property
30 September 2025
£
Fair Value
As at 18 September 2024 -
Additions 849,867
Revaluations 113,608
As at 30 September 2025 963,475
The properties have been included at values provided by the director. A professional valuation has not taken place during the year.
5. Debtors
30 September 2025
£
Due within one year
Trade debtors (1,033 )
Other debtors 1,133
100
6. Creditors: Amounts Falling Due Within One Year
30 September 2025
£
Trade creditors 632
Other creditors 521,606
Taxation and social security 1,536
523,774
7. Creditors: Amounts Falling Due After More Than One Year
30 September 2025
£
Bank loans 481,882
Page 4
Page 5
8. Share Capital
30 September 2025
£
Allotted, Called up and fully paid 1
9. Reserves
Fair value reserve Profit and Loss Account
£ £
As at 18 September 2024 - -
Profit for the period and total comprehensive income - 91,756
Arising on shares issued during the period - -
Movements in fair value reserve 85,206 -
Transfer to/from Fair value reserve - (85,206)
As at 30 September 2025 85,206 6,550
Page 5