Draft Financial Statements at 20 July 2026 at 10:03:40
Company registration number 11031553 (England and Wales)
LUCAR GROUP LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
Draft Financial Statements at 20 July 2026 at 10:03:49
LUCAR GROUP LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
Draft Financial Statements at 20 July 2026 at 10:03:49
LUCAR GROUP LTD
BALANCE SHEET
AS AT
31 OCTOBER 2025
31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
906,436
911,436
Current assets
Debtors
4
2,480
-
0
Cash at bank and in hand
7,452
3,993
9,932
3,993
Creditors: amounts falling due within one year
5
(334,794)
(329,087)
Net current liabilities
(324,862)
(325,094)
Total assets less current liabilities
581,574
586,342
Creditors: amounts falling due after more than one year
6
(572,753)
(573,459)
Provisions for liabilities
(1,467)
(2,992)
Net assets
7,354
9,891
Capital and reserves
Called up share capital
41
41
Revaluation reserve
34,077
39,077
Profit and loss reserves
(26,764)
(29,227)
Total equity
7,354
9,891

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 18 July 2026
Mr J W Burns
Director
Company registration number 11031553 (England and Wales)
Draft Financial Statements at 20 July 2026 at 10:03:49
LUCAR GROUP LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2025
- 2 -
Share capital
Revaluation reserve
Profit and loss reserves
Total
£
£
£
£
Balance at 1 November 2023
41
42,077
(17,628)
24,490
Year ended 31 October 2024:
Loss and total comprehensive income
-
-
(14,599)
(14,599)
Transfers
-
(3,000)
3,000
-
Balance at 31 October 2024
41
39,077
(29,227)
9,891
Year ended 31 October 2025:
Loss and total comprehensive income
-
-
(2,537)
(2,537)
Transfers
-
(5,000)
5,000
-
Balance at 31 October 2025
41
34,077
(26,764)
7,354

The notes on pages 3 to 5 form part of these financial statements.

Draft Financial Statements at 20 July 2026 at 10:03:49
LUCAR GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 3 -
1
Accounting policies
Company information

Lucar Group Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 160 Aztec, Aztec West, Bristol, BS32 4TU.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for real estate services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Draft Financial Statements at 20 July 2026 at 10:03:49
LUCAR GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Investment property
2025
£
Fair value
At 1 November 2024
911,436
Revaluations
(5,000)
At 31 October 2025
906,436

The fair value of the investment property has been arrived at on the basis of a valuation carried out by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
2,480
-
0
Draft Financial Statements at 20 July 2026 at 10:03:49
LUCAR GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 5 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
334,794
329,087
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
572,753
573,459
Creditors which fall due after five years are payable as follows:
Payable by instalments
572,753
573,459
7
Related party transactions

During the year, the company loaned money from Live Life Limited. At the year end the amount owed to Live Life Limited was £330,963 (2024 - £10,000), this amount is included in creditors: amounts falling due within one year. Mr J Burns is a director of both Live Life Limited and Lucar Group Limited.

8
Directors' transactions

During the year the director made unsecured, interest free, repayable on demand loans to the company. At the balance sheet date the company owed the director £212 (2024 - £212).

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