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REGISTERED NUMBER: 01438369 (England and Wales)















REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

LOUGHFIELD LTD

LOUGHFIELD LTD (REGISTERED NUMBER: 01438369)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Statement of Changes in Equity 5

Notes to the Financial Statements 6


LOUGHFIELD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: N D Grieve
C Aitken





SECRETARY:





REGISTERED OFFICE: 80 Coombe Road
New Malden
Surrey
KT3 4QS





REGISTERED NUMBER: 01438369 (England and Wales)





ACCOUNTANTS: Liles Morris Limited
1st Floor
80 Coombe Road
New Malden
Surrey
KT3 4QS

LOUGHFIELD LTD (REGISTERED NUMBER: 01438369)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 JUNE 2023


The directors present their report with the financial statements of the company for the year ended 30 June 2023.

PRINCIPAL ACTIVITY
The company owns the freehold of Marsham Court, 58 Victoria Drive, London SW19 6BB, a block of nine flats which it manages for the benefit of the residents. All shareholders of the company are also lessees and, under the terms of the lease, are liable in equal parts to pay the costs incurred by the company in the management of Marsham Court.

The managing agents are Oliver Bentley Ltd, 11 Alexandra Road, Wimbledon, London SW19 7JZ.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2022 to the date of this report.

N D Grieve
C Aitken

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





N D Grieve - Director


21 November 2023

LOUGHFIELD LTD (REGISTERED NUMBER: 01438369)

INCOME STATEMENT
FOR THE YEAR ENDED 30 JUNE 2023

2023 2022
£    £   

TURNOVER 13,016 13,016

Administrative expenses 13,002 12,336
OPERATING PROFIT 14 680

Interest receivable and similar income 11 1
PROFIT BEFORE TAXATION 25 681

Tax on profit - -
PROFIT FOR THE FINANCIAL YEAR 25 681

LOUGHFIELD LTD (REGISTERED NUMBER: 01438369)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 17,432 15,851

CREDITORS
Amounts falling due within one year 6 10,332 8,776
NET CURRENT ASSETS 7,100 7,075
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,100

7,075

CAPITAL AND RESERVES
Called up share capital 9 9
Retained earnings 7,091 7,066
SHAREHOLDERS' FUNDS 7,100 7,075

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:





N D Grieve - Director


LOUGHFIELD LTD (REGISTERED NUMBER: 01438369)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Balance at 1 July 2021 9 6,385 6,394

Changes in equity
Total comprehensive income - 681 681
Balance at 30 June 2022 9 7,066 7,075

Changes in equity
Total comprehensive income - 25 25
Balance at 30 June 2023 9 7,091 7,100

LOUGHFIELD LTD (REGISTERED NUMBER: 01438369)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Loughfield 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from this standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises service charges made to tenants during the period.

Freehold
The cost of the purchase of the freehold was treated as a revenue expense and was therefore written off in the year of purchase as, in the opinion of the directors, it would be inappropriate to carry this cost forward as an asset in the accounts.

4. EMPLOYEES AND DIRECTORS

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 17,432 15,851

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 10,332 8,776