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REGISTERED NUMBER: 11830650 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

LOHAN PROPERTIES LIMITED

LOHAN PROPERTIES LIMITED (REGISTERED NUMBER: 11830650)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


LOHAN PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr P Lohan





REGISTERED OFFICE: 13 Dendrum Close
Oakworth
Keighley
BD22 7JQ





REGISTERED NUMBER: 11830650 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

LOHAN PROPERTIES LIMITED (REGISTERED NUMBER: 11830650)

BALANCE SHEET
31 MARCH 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 470,000 305,888

CURRENT ASSETS
Debtors 5 809 424
Cash at bank 10,200 7,956
11,009 8,380
CREDITORS
Amounts falling due within one year 6 42,169 73,240
NET CURRENT LIABILITIES (31,160 ) (64,860 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

438,840

241,028

CREDITORS
Amounts falling due after more than one
year

7

(315,150

)

(273,830

)

PROVISIONS FOR LIABILITIES 9 (30,923 ) -
NET ASSETS/(LIABILITIES) 92,767 (32,802 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Fair value reserve 11 133,009 -
Retained earnings (40,243 ) (32,803 )
SHAREHOLDERS' FUNDS 92,767 (32,802 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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

LOHAN PROPERTIES LIMITED (REGISTERED NUMBER: 11830650)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 November 2023 and were signed by:





Mr P Lohan - Director


LOHAN PROPERTIES LIMITED (REGISTERED NUMBER: 11830650)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Lohan Properties 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.

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 shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

LOHAN PROPERTIES LIMITED (REGISTERED NUMBER: 11830650)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 305,888
Additions 180
Revaluations 163,932
At 31 March 2023 470,000
NET BOOK VALUE
At 31 March 2023 470,000
At 31 March 2022 305,888

Investment properties were valued on a fair value basis at 31 March 2023 by the director.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Other debtors 809 424

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Other creditors 42,169 73,240

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/23 31/3/22
£    £   
Bank loans 315,150 273,830

8. SECURED DEBTS

The following secured debts are included within creditors:

31/3/23 31/3/22
£    £   
Mortgages 271,969 224,693

The investment property is secured by a fixed charge over the company's assets.

9. PROVISIONS FOR LIABILITIES
31/3/23 31/3/22
£    £   
Deferred tax 30,923 -

LOHAN PROPERTIES LIMITED (REGISTERED NUMBER: 11830650)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Charge to Income Statement during year 30,923
Balance at 31 March 2023 30,923

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/23 31/3/22
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Fair
value
reserve
£   
Transfer to fair value reserve 133,009

At 31 March 2023 133,009