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REGISTERED NUMBER: 08478415












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

LOVEDAY & PARTNERS LIMITED

LOVEDAY & PARTNERS LIMITED (REGISTERED NUMBER: 08478415)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

LOVEDAY & PARTNERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: M J Loveday
D C Bourassa
A E C Cutts
R Bravo-French
J D S Briggs





REGISTERED OFFICE: Lakeside 500
Old Chapel Way
Broadland Business Park
Norwich
NR7 0WG





REGISTERED NUMBER: 08478415





ACCOUNTANTS: Steve Monico Limited
Chartered Accountants
19 Goldington Road
Bedford
MK40 3JY

LOVEDAY & PARTNERS LIMITED (REGISTERED NUMBER: 08478415)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 21,817

CURRENT ASSETS
Debtors 5 196,224 188,855
Investments 6 252,701 228,653
Cash at bank and in hand 348,105 231,720
797,030 649,228
CREDITORS
Amounts falling due within one year 7 154,575 147,932
NET CURRENT ASSETS 642,455 501,296
TOTAL ASSETS LESS CURRENT
LIABILITIES

642,455

523,113

PROVISIONS FOR LIABILITIES 10,013 9,589
NET ASSETS 632,442 513,524

CAPITAL AND RESERVES
Called up share capital 30,000 25,000
Share premium 55,000 -
Retained earnings 547,442 488,524
SHAREHOLDERS' FUNDS 632,442 513,524

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

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
(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.

LOVEDAY & PARTNERS LIMITED (REGISTERED NUMBER: 08478415)

BALANCE SHEET - continued
31 DECEMBER 2021


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2022 and were signed on its behalf by:





A E C Cutts - Director


LOVEDAY & PARTNERS LIMITED (REGISTERED NUMBER: 08478415)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Loveday & Partners Limited is a private company, limited by shares, registered in England within the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

Turnover
Turnover represents commissions and fees due in respect of services provided. Commissions and fees are accounted for on a receivable basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Debtors and creditors due within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Leases
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit or loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2020 - 27 ) .

LOVEDAY & PARTNERS LIMITED (REGISTERED NUMBER: 08478415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2021
and 31 December 2021 109,084
DEPRECIATION
At 1 January 2021 87,267
Charge for year 21,817
At 31 December 2021 109,084
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 21,817

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 196,224 188,855

6. CURRENT ASSET INVESTMENTS
2021 2020
£    £   
Listed investments 252,701 228,653

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 18,412 9,758
Taxation and social security 47,151 76,310
Other creditors 89,012 61,864
154,575 147,932

8. FINANCIAL COMMITMENTS

At the year end, the company had financial commitments under operating leases of £309,237 (2020: £406,891) which are not included in the balance sheet.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LOVEDAY & PARTNERS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Loveday & Partners Limited for the year ended 31 December 2021 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Loveday & Partners Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Loveday & Partners Limited and state those matters that we have agreed to state to the Board of Directors of Loveday & Partners Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Loveday & Partners Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Loveday & Partners Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Loveday & Partners Limited. You consider that Loveday & Partners Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Loveday & Partners Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Steve Monico Limited
Chartered Accountants
19 Goldington Road
Bedford
MK40 3JY


31 January 2022