Lucava Dev3 Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12720131

Lucava Dev3 Limited

Filleted Unaudited Financial Statements

31 August 2025

Lucava Dev3 Limited

Statement of Financial Position

31 August 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		8,029,724		7,728,320

Current assets

Debtors	6	62,838		62,839

Creditors: amounts falling due within one year	7	4,932,675		4,932,676
		------------		------------
Net current liabilities			4,869,837		4,869,837
			------------		------------
Total assets less current liabilities			3,159,887		2,858,483

Provisions

Taxation including deferred tax	881,676	806,325
	------------	------------
Net assets	2,278,211	2,052,158
	------------	------------

Capital and reserves

Called up share capital	8	1	1
Other reserves		2,645,028	2,465,822
Profit and loss account		( 366,818)	( 413,665)
		------------	------------
Shareholders funds		2,278,211	2,052,158
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 August 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Lucava Dev3 Limited

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 12 March 2026 , and are signed on behalf of the board by:

MR PB Luen
Director

Company registration number: 12720131

Lucava Dev3 Limited

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor Phoenix House, South Parade, Leeds, LS1 5QX, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

4. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Deferred tax:

Origination and reversal of timing differences	75,351	46,846
	--------	--------
Tax on profit	75,351	46,846
	--------	--------

5. Tangible assets

	Freehold property
	£
Cost
At 1 September 2024	7,728,320
Other movements	301,404
	------------
At 31 August 2025	8,029,724
	------------
Depreciation
At 1 September 2024 and 31 August 2025	–
	------------
Carrying amount
At 31 August 2025	8,029,724
	------------
At 31 August 2024	7,728,320
	------------

6. Debtors

	2025	2024
	£	£
Called up share capital not paid	–	1
Other debtors	62,838	62,838
	--------	--------
	62,838	62,839
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings	3,870,922	3,870,923
Director loan accounts	1,061,753	1,061,753
	------------	------------
	4,932,675	4,932,676
	------------	------------

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

9. Director's advances, credits and guarantees

During the year there were no director's advances, credits and guarantees.

10. Related party transactions

During the year the company entered into transactions in the ordinary course of business, with its parent company Lucava Developments Limited. Transactions entered into and trading balances outstanding at 31st August 2024 are as followed:

	Amount owed by parent	Amount owed to parent
	£	£
2024	3,870,923
2023	3,870,923

11. Controlling party

The company was under the control of Lucava Developments Ltd, a company incorporated in England, throughout the period.