2Accounting Policies

Other accounting policies
POST BALANCE SHEET EVENTS AND GOING CONCERN
Subsequent to the balance sheet date:
1. The Company ceased to hold any CQC registration;
2. Lisa Franklin gave one month's notice to terminate the licence agreement relating to all intellectual
property rights licensed by her for use in connection with the Company's business activities;
3. The landlords of the Company's premises purported to exercise forfeiture of the lease without prior notice during ongoing commercial negotiations concerning accrued rent and service charge arrears, the latter of which had purportedly been increased by approximately 184% since 24 July 2020;
4. The Company changed its name from Lisa Franklin Ltd to Eversley Brown Ltd; and
5. The Company's business has subsequently been restricted to the provision of services to its
parent company, Luminescent Group Ltd.
The financial statements have been prepared on the going concern basis.
The directors acknowledge that, unless the Company is able to achieve a satisfactory resolution
of outstanding matters with its landlords and other creditors, the Company will cease to be
a going concern.
The receipt of continued support of the directors, including the deferral of remuneration due to
them and the provision of additional financial support, has been taken into account in compiling
financial statements on a going concern basis. The receipt of continued financial support of
Luminescent Group Ltd, the Company’s parent company, is a consideration of the directors in
compiling accounts on a going concern basis. The Company will cease to be a going concern
in the event of any material withdrawal of support by the directors and/or Luminescent Group Ltd.
CONTINGENT ASSETS AND LIABILITIES
The Company is involved in an ongoing dispute concerning alleged loans claimed by former
shareholders. The directors dispute both the validity and quantum of certain sums claimed and have
obtained professional advice in relation to these matters.
The financial statements include liabilities totaling £210,000 in respect of loans alleged to be due to
former shareholders. However, the directors believe that the Company has substantial counterclaims arising from the conduct of the former shareholders, the value of which is expected to exceed the aggregate amount of the alleged loans.
The ultimate outcome of these matters remains uncertain and cannot presently be quantified with
sufficient reliability.
RELATED PARTY TRANSACTIONS
During the year and subsequent periods, the directors, Lisa Franklin and Dean Franklin, agreed to
reduce the level of their salaries drawn from the Company in order to support the Company's cash flow, on the basis that the accrued unpaid remuneration would be treated as loans from the directors to the Company. These balances remain outstanding and continued to increase month by month after the balance sheet date.
As at 31 October 2025, the aggregate sum of accrued unpaid salaries due to the directors amounted
to £188,750.
During the year, the Company became a wholly-owned subsidiary of Luminescent Group Ltd.