Company No:
Contents
DIRECTORS | Miss W N Pagin |
Ms L J Pagin |
REGISTERED OFFICE | Bay View |
Gyllyngvase Road | |
Falmouth | |
TR11 4DJ | |
England | |
United Kingdom |
COMPANY NUMBER | 12201620 (England and Wales) |
CHARTERED ACCOUNTANTS | Francis Clark LLP |
Lowin House | |
Tregolls Road | |
Truro | |
Cornwall TR1 2NA |
2021 | 2020 | |||
£ | £ | |||
Current assets | ||||
Debtors | 3 |
|
|
|
Cash at bank and in hand |
|
|
||
20,840 | 17,315 | |||
Creditors | ||||
Amounts falling due within one year | 4 | (
|
(
|
|
Net current assets | 17,555 | 9,897 | ||
Total assets less current liabilities | 17,555 | 9,897 | ||
Net assets |
|
|
||
Capital and reserves | ||||
Called-up share capital |
|
|
||
Profit and loss account |
|
|
||
Total shareholder's funds |
|
|
Directors' responsibilities:
The financial statements of Lux Blu Anchorage Limited (registered number:
Miss L J Pagin
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Lux Blu Anchorage 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 Bay View, Gyllyngvase Road, Falmouth, TR11 4DJ, England, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include 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 £.
In 2021 the directors made the decision that the Company would cease trading. As at the date of signing the report the directors have not yet formally written off the loans with connected companies or other parties. As this is believed to be the intention the financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements any provision for future costs of terminating the business, which were committed to at the balance sheet date and where appropriate the Company's assets have been written down to their net realisable value
The company incorporated on 11 September 2019 and as such the prior period represents longer than 12 months from 11 September 2019 to 30 November 2020.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.
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.
2021 | 2020 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
|
|
2021 | 2020 | ||
£ | £ | ||
Other debtors |
|
|
2021 | 2020 | ||
£ | £ | ||
Corporation tax |
|
|
|
Other creditors |
|
|
|
|
|
The ultimate controlling party is Lux Blu Group Ltd