Luchrain Investments Limited - Accounts to registrar (filleted) - small 18.2

Luchrain Investments Limited - Accounts to registrar (filleted) - small 18.2

LUCHRAIN INVESTMENTS LIMITED - Company Information

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REGISTERED NUMBER: 10480187 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2020

FOR

LUCHRAIN INVESTMENTS LIMITED
Prime
Chartered Accountants
Corner Oak
1 Homer Road
Solihull
B91 3QG








LUCHRAIN INVESTMENTS LIMITED (REGISTERED NUMBER: 10480187)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LUCHRAIN INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2020







DIRECTOR: C T Loughran





REGISTERED OFFICE: Corner Oak
1 Homer Road
Solihull
B91 3QG





REGISTERED NUMBER: 10480187 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
Corner Oak
1 Homer Road
Solihull
B91 3QG
Page 1
LUCHRAIN INVESTMENTS LIMITED (REGISTERED NUMBER: 10480187)

BALANCE SHEET
31 JANUARY 2020

2020 2019
as restated
Notes £    £    £    £   
FIXED ASSETS
Investments 4 102 177

CURRENT ASSETS
Debtors 5 2,508,116 2,461,098
Cash at bank 969 135,477
2,509,085 2,596,575
CREDITORS
Amounts falling due within one year 6 1,614,907 1,888,991
NET CURRENT ASSETS 894,178 707,584
TOTAL ASSETS LESS CURRENT
LIABILITIES
894,280
707,761

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 894,180 707,661
894,280 707,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 August 2020 and were
signed by:




C T Loughran - Director


The notes form part of these financial statements

Page 2
LUCHRAIN INVESTMENTS LIMITED (REGISTERED NUMBER: 10480187)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020


1. STATUTORY INFORMATION

Luchrain Investments Limited is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the
Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is
probable that they will be recovered against the reversal of deferred tax liabilities or other future
taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

Page 3 continued...
LUCHRAIN INVESTMENTS LIMITED (REGISTERED NUMBER: 10480187)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2020


4. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 February 2019 2 175 177
Disposals - (75 ) (75 )
At 31 January 2020 2 100 102
NET BOOK VALUE
At 31 January 2020 2 100 102
At 31 January 2019 2 175 177

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
as
restated
£    £   
Amounts owed by group undertakings 586,000 586,000
Other debtors 1,922,116 1,875,098
2,508,116 2,461,098

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
as
restated
£    £   
Taxation and social security 56,139 60,305
Other creditors 1,558,768 1,828,686
1,614,907 1,888,991

Page 4