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Unaudited Financial Statements for the Year Ended 31 December 2017 |
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Lumiere Acquisitions Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 December 2017 |
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for |
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Lumiere Acquisitions Limited |
Lumiere Acquisitions Limited (Registered number: 09660734) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Lumiere Acquisitions Limited |
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Company Information |
for the Year Ended 31 December 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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Lumiere Acquisitions Limited (Registered number: 09660734) |
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Balance Sheet |
31 December 2017 |
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31.12.17 | 31.12.16 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks | 3 |
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Debtors | 4 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings | 9 | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Lumiere Acquisitions Limited (Registered number: 09660734) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2017 |
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1. | STATUTORY INFORMATION |
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Lumiere Acquisitions Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax |
and other sales taxes. |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to |
their present location and condition. |
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Stocks and work in progress in respect of development of properties is valued at lower of cost and net realisable value. Cost |
includes all directly attributable expenditure including capitalised interest and bank charges on associated bank borrowing. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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3. | STOCKS |
31.12.17 | 31.12.16 |
£ | £ |
Work-in-progress |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
VAT |
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Accrued income |
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Lumiere Acquisitions Limited (Registered number: 09660734) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Bank loans and overdrafts (see note 6) |
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Trade creditors |
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Amounts owed to group undertakings |
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Other creditors |
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Accrued expenses |
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6. | LOANS |
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An analysis of the maturity of loans is given below: |
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31.12.17 | 31.12.16 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank loans |
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7. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.12.17 | 31.12.16 |
£ | £ |
Bank loans |
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The bank loans were secured by the following:- |
1. First legal charge over the Freehold property owned by the company. |
2. Debenture over the company assets. |
3. Personal guarantees given by the directors, Shamir P Budhdeo, Amarjit S Hundal & Joshy Mathew. |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.17 | 31.12.16 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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9. | RESERVES |
Retained |
earnings |
£ |
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Deficit for the year | ( |
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At 31 December 2017 | ( |
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10. | RELATED PARTY DISCLOSURES |
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The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting |
Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries |
within the group. |
Lumiere Acquisitions Limited (Registered number: 09660734) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
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11. | POST BALANCE SHEET EVENTS |
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12. | ULTIMATE CONTROLLING PARTY |
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At the balance sheet date, the company was controlled by the Directors, Amarjit S Hundal and Joshy Mathew together with |
Kalpana Budhdeo and Solange T Hundal by the virtue of their shareholdings in the parent company, Photon Properties Limited. |