Luscombe's Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 03324562

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		67,500		76,500
Tangible Assets	5		43,751		31,228

			111,251		107,728
CURRENT ASSETS
Stocks	6	3,000		2,200
Debtors	7	139,423		57,886
Cash at bank and in hand		118,126		92,782

		260,549		152,868
Creditors: Amounts Falling Due Within One Year	8	(253,498 )		(176,104 )

NET CURRENT ASSETS (LIABILITIES)			7,051		(23,236 )

TOTAL ASSETS LESS CURRENT LIABILITIES			118,302		84,492

Creditors: Amounts Falling Due After More Than One Year	9		-		(29,734 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(7,807 )		(5,933 )

NET ASSETS			110,495		48,825

CAPITAL AND RESERVES
Called up share capital	10		500		500
Share premium account			59,970		59,970
Profit and Loss Account			50,025		(11,645 )

SHAREHOLDERS' FUNDS			110,495		48,825

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Luscombe's Limited

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Stephen Luscombe

Director

18 May 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Luscombe's Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03324562 . The registered office is 8 Bell Street, Henley-On-Thames, Oxfordshire, RG9 2BG.

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. 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 the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on reducing balance
Fixtures & Fittings	15% on reducing balance
Computer Equipment	25% on reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.6. 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.

...CONTINUED

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Luscombe's Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.6. Taxation - continued

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 year, 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2025: 6)

4. Intangible Assets

	Other
	£
Cost
As at 1 March 2025	90,000

As at 28 February 2026	90,000

Amortisation
As at 1 March 2025	13,500
Provided during the period	9,000

As at 28 February 2026	22,500

Net Book Value
As at 28 February 2026	67,500

As at 1 March 2025	76,500

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 March 2025	9,147	25,419	3,128	37,694
Additions	9,238	10,196	-	19,434

As at 28 February 2026	18,385	35,615	3,128	57,128

Depreciation
As at 1 March 2025	2,189	3,815	462	6,466
Provided during the period	2,494	3,750	667	6,911

As at 28 February 2026	4,683	7,565	1,129	13,377

Net Book Value
As at 28 February 2026	13,702	28,050	1,999	43,751

As at 1 March 2025	6,958	21,604	2,666	31,228

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Luscombe's Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

6. Stocks

	2026	2025
	£	£
Stock	3,000	2,200

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	6,890	4,634
Prepayments and accrued income	9,949	217
Other debtors	107,834	38,285

	124,673	43,136
Due after more than one year
Other debtors	14,750	14,750

	139,423	57,886

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	22,269	13,803
Bank loans and overdrafts	-	19,767
Corporation tax	20,237	1,556
Other taxes and social security	1,824	2,256
VAT	15,359	14,931
Other creditors	140,246	81,236
Accruals and deferred income	982	762
Director's loan account	163	4,507
Amounts owed to associates	52,418	37,286

	253,498	176,104

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	-	29,734

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	500	500

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Luscombe's Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

11. Related Party Transactions

Home And Away Events Limited is a company under common ownership with this company. The shareholders of both companies are Stephen Luscombe and Carolina Heijbel.

Home And Away Events Limited does not operate its own bank account. During the year ended 28 February 2026, the company collected receipts on behalf of Home And Away Events Limited totalling £34,635 and made payments on behalf of Home And Away Events Limited totalling £19,503.

At the year end, the amount owed by the company to Home And Away Events Limited in respect of this arrangement was £52,418 (2025: £37,286). This balance is unsecured, interest-free and repayable on demand.

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