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REGISTERED NUMBER: 10358523 (England and Wales)















Financial Statements for the Year Ended 31st December 2021

for

Lovells Property Limited

Lovells Property Limited (Registered number: 10358523)






Contents of the Financial Statements
for the Year Ended 31st December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lovells Property Limited

Company Information
for the Year Ended 31st December 2021







DIRECTORS: C Wu
N J P Carden





SECRETARY: R N Readman





REGISTERED OFFICE: 45 Beaufort Court
Admirals Way
London
E14 9XL





REGISTERED NUMBER: 10358523 (England and Wales)





ACCOUNTANTS: Best4Business Accountants & Co. Ltd.
44-45 Beaufort Court
Admirals Way
London
E14 9XL

Lovells Property Limited (Registered number: 10358523)

Balance Sheet
31st December 2021

2021 2020
Notes £ £
FIXED ASSETS
Investment property 4 980,000 680,869

CURRENT ASSETS
Debtors 5 197 394
Prepayments and accrued income 304 1,109
Cash at bank 5,672 12,322
6,173 13,825
CREDITORS
Amounts falling due within one year 6 (887,787 ) (395,243 )
NET CURRENT LIABILITIES (881,614 ) (381,418 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,386

299,451

CREDITORS
Amounts falling due after more than one year 7 - (299,300 )

PROVISIONS FOR LIABILITIES (18,762 ) -
NET ASSETS 79,624 151

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 98,161 -
Retained earnings (18,637 ) 51
79,624 151

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

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 Board of Directors and authorised for issue on 13th September 2022 and were signed on its behalf by:





N J P Carden - Director


Lovells Property Limited (Registered number: 10358523)

Notes to the Financial Statements
for the Year Ended 31st December 2021

1. STATUTORY INFORMATION

Lovells Property 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.

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 as modified by the revaluation of certain assets.

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is included at fair value. Gains are recognised in the Income Statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 1 ) .

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1st January 2021 680,869
Additions 182,208
Revaluations 116,923
At 31st December 2021 980,000
NET BOOK VALUE
At 31st December 2021 980,000
At 31st December 2020 680,869

Fair value at 31st December 2021 is represented by:
£
Valuation in 2021 116,923
Cost 863,077
980,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Other debtors 197 17
Tax - 377
197 394

Lovells Property Limited (Registered number: 10358523)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Other loans 359,616 60,452
Directors' loan accounts 521,351 331,351
Accruals and deferred income 6,820 3,440
887,787 395,243

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£ £
Other loans - 299,300