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Company No: 15185817 (England and Wales)

# LUCENT HALO LIMITED

### Unaudited Financial Statements
For the financial period from 01 January 2024 to 31 March 2025
Pages for filing with the registrar

LUCENT HALO LIMITED

## Unaudited Financial Statements

For the financial period from 01 January 2024 to 31 March 2025

Contents

LUCENT HALO LIMITED

## BALANCE SHEET

As at 31 March 2025
LUCENT HALO LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 31.03.2025 |  | 31.12.2023
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 9,481,710 |  | 0
|  | 9,481,710 |  | 0
Current assets |  |  |  |
Debtors | 4 | 445,073 |  | 100
Cash at bank and in hand |  | 29,476 |  | 0
|  | 474,549 |  | 100
Creditors: amounts falling due within one year | 5 | ( 5,610,988) |  | 0
Net current (liabilities)/assets |  | (5,136,439) |  | 100
Total assets less current liabilities |  | 4,345,271 |  | 100
Creditors: amounts falling due after more than one year | 6 | ( 5,243,263) |  | 0
Net (liabilities)/assets |  | ( 897,992) |  | 100
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | ( 898,092 ) |  | 0
Total shareholder's (deficit)/funds |  | ( 897,992) |  | 100

For the financial period ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Lucent Halo Limited (registered number: 15185817) were approved and authorised for issue by the Director on 07 May 2026. They were signed on its behalf by:

M Slade Director |

LUCENT HALO LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 January 2024 to 31 March 2025
LUCENT HALO LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 January 2024 to 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.

##### General information and basis of accounting

Lucent Halo Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hartham Park Estate, Hartham Lane, Corsham, SN13 0RP, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £897,992. The Company is supported through loans from the Parent Company. The director has received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Reporting period length

The reporting period has been extended to 15 months, ending 31 March 2025 to align with the group companies.

##### Turnover

Turnover comprises the fair value of rent and events income received in the ordinary course of the company’s activities. Turnover is recognised over the period to which it relates.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either other creditors or other debtors in the Balance Sheet.

##### Other operating income

Included within other operating income are recharged costs incurred on behalf of other group companies.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | not depreciated
Plant and machinery | 25 % reducing balance
Office equipment | 4 years straight line
Computer equipment | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a straight line rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Loans and borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| Period from 01.01.2024 to 31.03.2025 |  | Period from 04.10.2023 to 31.12.2023
| Number |  | Number
Monthly average number of persons employed by the Company during the period, including the director | 23 |  | 1

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery |  | Office equipment |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 January 2024 | 0 |  | 0 |  | 0 |  | 0 |  | 0
Additions | 9,398,153 |  | 107,765 |  | 911 |  | 2,734 |  | 9,509,563
At 31 March 2025 | 9,398,153 |  | 107,765 |  | 911 |  | 2,734 |  | 9,509,563
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 January 2024 | 0 |  | 0 |  | 0 |  | 0 |  | 0
Charge for the financial period | 0 |  | 26,941 |  | 228 |  | 684 |  | 27,853
At 31 March 2025 | 0 |  | 26,941 |  | 228 |  | 684 |  | 27,853
Net book value |  |  |  |  |  |  |  |  |
At 31 March 2025 | 9,398,153 |  | 80,824 |  | 683 |  | 2,050 |  | 9,481,710
At 31 December 2023 | 0 |  | 0 |  | 0 |  | 0 |  | 0

The freehold land and buildings value of £9,398,153 is held at the original acquisition cost and is therefore below the underlying market value. Since the year end, the director has requested a professional valuation of the market value of the site. This valuation is expected to significantly exceed the value noted in the financial statements. Once the valuation has been completed and reviewed by the director, the director will consider revaluing the freehold land and buildings in the financial statements.

#### 4. Debtors

| 31.03.2025 |  | 31.12.2023
| £ |  | £
Trade debtors | 36,473 |  | 0
Amounts owed by Group undertakings | 2,254 |  | 0
Amounts owed by connected companies | 276,066 |  | 0
Other debtors | 130,280 |  | 100
| 445,073 |  | 100

#### 5. Creditors: amounts falling due within one year

| 31.03.2025 |  | 31.12.2023
| £ |  | £
Trade creditors | 273,813 |  | 0
Amounts owed to Group undertakings | 4,081,327 |  | 0
Amounts owed to connected companies | 643,793 |  | 0
Other taxation and social security | 107,869 |  | 0
Obligations under finance leases and hire purchase contracts (secured) | 63,169 |  | 0
Other creditors | 441,017 |  | 0
| 5,610,988 |  | 0

Obligations due under finance leases and hire purchase contracts are secured against the assets to which they relate.

#### 6. Creditors: amounts falling due after more than one year

| 31.03.2025 |  | 31.12.2023
| £ |  | £
Bank loans (secured) | 5,176,500 |  | 0
Obligations under finance leases and hire purchase contracts (secured) | 66,763 |  | 0
| 5,243,263 |  | 0

Bank loans due over one year are secured against the land and buildings of the company.
Obligations due under finance leases and hire purchase contracts are secured against the assets to which they relate.

#### 7. Financial commitments

Commitments

Capital commitments are as follows:

| 31.03.2025 |  | 31.12.2023
| £ |  | £
Contracted for but not provided for: |  |  |
Other | 189,931 |  | 0

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 31.03.2025 |  | 31.12.2023
| £ |  | £
within one year | 67,034 |  | 0
between one and five years | 122,897 |  | 0
Total future minimum lease payments under non-cancellable operating leases | 189,931 |  | 0

#### 8. Related party transactions

Other related party transactions

During the year, the company made loans to companies in which M Slade (director) has a significant influence. At the year end there are amounts owed by group and associated companies of £278,320.
During the year, the company received loans from companies in which M Slade (director) has a significant influence. At the year end there are amounts owed to the group and associated companies of £4,725,120.