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Registration number: 11413997

Lovett Property Investments Ltd



Annual Report and Unaudited Financial Statements

for the

Year Ended 31 March 2022

 

Lovett Property Investments Ltd

Contents

Company Information

1

Statement of Financial Position

2 to 4

Notes to the Unaudited Financial Statements

3

 

Lovett Property Investments Ltd

Company Information



 

Directors

Mr Alan James Lovett

Mrs Gemma Alice Lovett

Registered office

Meon House
Rear Of 189 Portswood Road
Southampton
Hampshire
SO17 2NF

Accountants

Cooke & Co.
Chartered Certified Accountants
Meon House
Rear Of 189 Portswood Road
Southampton
Hampshire
SO17 2NF

 

Lovett Property Investments Ltd

(Registration number: 11413997)

Statement of Financial Position
as at
31 March 2022

2022
£

2021
£

Fixed assets

627,200

592,429

Current assets

7,086

35,293

Creditors: Amounts falling due within one year

(402,756)

(403,104)

Net current liabilities

(395,670)

(367,811)

Total assets less current liabilities

231,530

224,618

Creditors: Amounts falling due after more than one year

(201,092)

(203,763)

Accruals and deferred income

(888)

(840)

 

29,550

20,015

Capital and reserves

29,550

20,015

 

Lovett Property Investments Ltd

(Registration number: 11413997)

Statement of Financial Position
as at
31 March 2022

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

These financial statements were authorised for issue by the Board on 8 August 2022.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2021 - 2).

3

Going Concern

The government mandated lockdown and the resulting reduction of trading activity has effected the company’s ability to proceed with its planned property development during the current year. Due to the unpredictability of the Covid-19 pandemic, any assumptions relating to the speed and completeness of the recovery will inevitably leave an element of uncertainty.

The directors have assessed whether the going concern basis of accounting is appropriate, taking into account all available information about the future, which is at least, but is not limited to, 12 months from the date of approval. At this time, the directors neither intend to liquidate the entity or to cease trading and therefore have prepared the financial statements on a going concern basis.

 

Lovett Property Investments Ltd

(Registration number: 11413997)

Statement of Financial Position
as at
31 March 2022

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 8 August 2022 and signed on its behalf by:
 

.........................................
Mr Alan James Lovett
Director