IRIS Accounts Production v23.3.0.418 13889526 director 2.2.22 30.6.23 30.6.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh138895262022-02-01138895262023-06-30138895262022-02-022023-06-30138895262022-02-0113889526ns10:Originalns15:EnglandWales2022-02-022023-06-3013889526ns14:PoundSterlingns10:Original2022-02-022023-06-3013889526ns10:Originalns10:Director12022-02-022023-06-3013889526ns10:Original2022-02-022023-06-3013889526ns10:Original2023-06-3013889526ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-022023-06-3013889526ns10:Originalns10:SmallEntities2022-02-022023-06-3013889526ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-022023-06-3013889526ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-022023-06-3013889526ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-022023-06-3013889526ns10:Originalns10:FullAccounts2022-02-022023-06-3013889526ns10:Originalns10:RegisteredOffice2022-02-022023-06-3013889526ns10:Originalns5:CurrentFinancialInstruments2023-06-3013889526ns10:Originalns5:Non-currentFinancialInstruments2023-06-3013889526ns5:ShareCapitalns10:Original2023-06-3013889526ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-3013889526ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3013889526ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-06-3013889526ns5:Securedns10:Original2023-06-3013889526ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-022023-06-30
REGISTERED NUMBER: 13889526 (England and Wales)



















Unaudited Financial Statements

for the Period 2 February 2022 to 30 June 2023

for

Loughborough Property Investments Ltd

Loughborough Property Investments Ltd (Registered number: 13889526)






Contents of the Financial Statements
for the Period 2 February 2022 to 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Loughborough Property Investments Ltd

Company Information
for the Period 2 February 2022 to 30 June 2023







DIRECTOR: N J Humphreys





REGISTERED OFFICE: 39 Ashby Road
Loughborough
Leicestershire
LE11 3AA





REGISTERED NUMBER: 13889526 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Loughborough Property Investments Ltd (Registered number: 13889526)

Balance Sheet
30 June 2023

Notes £    £   
FIXED ASSETS
Investment property 4 4,260,000

CURRENT ASSETS
Debtors 5 5,615
Cash at bank 491,112
496,727
CREDITORS
Amounts falling due within one year 6 2,696,199
NET CURRENT LIABILITIES (2,199,472 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,060,528

CREDITORS
Amounts falling due after more than one
year

7

(1,438,500

)

PROVISIONS FOR LIABILITIES (136,000 )
NET ASSETS 486,028

CAPITAL AND RESERVES
Called up share capital 100
Fair value reserve 9 409,856
Retained earnings 9 76,072
486,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2023 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.

Loughborough Property Investments Ltd (Registered number: 13889526)

Balance Sheet - continued
30 June 2023


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 director and authorised for issue on 2 November 2023 and were signed by:





N J Humphreys - Director


Loughborough Property Investments Ltd (Registered number: 13889526)

Notes to the Financial Statements
for the Period 2 February 2022 to 30 June 2023

1. STATUTORY INFORMATION

Loughborough Property Investments Ltd 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.

Turnover
Turnover represents rents receivable from investment properties and is recognised as it falls due, in accordance with the lease to which it relates

Investment property
Investment property is not depreciated but is valued annually at its fair value in accordance with the Financial Reporting Standard 102 (Section 1A). Any aggregate or surplus arising from changes in fair value is recognised in the profit and loss account and is transferred to a fair value reserve.

Taxation
Taxation for the period 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.

Deferred tax
Provision is made at current rates for taxation deferred in respect of all material timing differences, including provision made for potential tax arising on assets which have been revalued.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 4,147,721
Disposals (433,577 )
Revaluations 545,856
At 30 June 2023 4,260,000
NET BOOK VALUE
At 30 June 2023 4,260,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2023 4,260,000

Loughborough Property Investments Ltd (Registered number: 13889526)

Notes to the Financial Statements - continued
for the Period 2 February 2022 to 30 June 2023

4. INVESTMENT PROPERTY - continued

If investment proper had not been revalued it would have been included at the following historical cost:

£   
Cost 3,701,221
Aggregate depreciation (85,200 )

Investment property was valued on an open market basis basis on 30 June 2023 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 5,615

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 4,218
Tax 20,727
Owed to related companies 2,624,782
Accruals and deferred income 46,472
2,696,199

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other loans 1,438,500

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Other loans 1,438,500

Loans are secured on investment property.

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

Profit for the period 485,928 485,928
Transfer investment property
revaluation

(545,856

)

545,856

-

Transfer deferred tax movement 136,000 (136,000 ) -
At 30 June 2023 76,072 409,856 485,928