IRIS Accounts Production v24.2.0.383 14409158 director 10.10.22 31.10.23 31.10.23 false true false false true false Fair value model Ordinary 1.00000 1.00000 Ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh144091582022-10-09144091582023-10-31144091582022-10-102023-10-31144091582022-10-0914409158ns15:EnglandWales2022-10-102023-10-3114409158ns14:PoundSterling2022-10-102023-10-3114409158ns10:Director12022-10-102023-10-3114409158ns10:PrivateLimitedCompanyLtd2022-10-102023-10-3114409158ns10:SmallEntities2022-10-102023-10-3114409158ns10:AuditExempt-NoAccountantsReport2022-10-102023-10-3114409158ns10:SmallCompaniesRegimeForDirectorsReport2022-10-102023-10-3114409158ns10:SmallCompaniesRegimeForAccounts2022-10-102023-10-3114409158ns10:FullAccounts2022-10-102023-10-3114409158ns10:OrdinaryShareClass12022-10-102023-10-3114409158ns10:OrdinaryShareClass112022-10-102023-10-3114409158ns10:RegisteredOffice2022-10-102023-10-3114409158ns5:CurrentFinancialInstruments2023-10-3114409158ns5:Non-currentFinancialInstruments2023-10-3114409158ns5:ShareCapital2023-10-3114409158ns5:RetainedEarningsAccumulatedLosses2023-10-3114409158ns5:FurnitureFittings2022-10-102023-10-3114409158ns5:FurnitureFittings2023-10-3114409158ns10:OrdinaryShareClass12023-10-31
REGISTERED NUMBER: 14409158 (England and Wales)











Unaudited Financial Statements

for the Period 10 October 2022 to 31 October 2023

for

Loveridge Estates Ltd

Loveridge Estates Ltd (Registered number: 14409158)






Contents of the Financial Statements
for the Period 10 October 2022 to 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


Loveridge Estates Ltd

Company Information
for the Period 10 October 2022 to 31 October 2023







DIRECTOR: Mr O M Loveridge





REGISTERED OFFICE: 2 The Old Grain Store
Moseley's Farm
Fornham all Saints
Bury St Edmunds
Suffolk
IP28 6JY





REGISTERED NUMBER: 14409158 (England and Wales)





ACCOUNTANTS: Knights Lowe
Chartered Accountants
Eldo House, Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

Loveridge Estates Ltd (Registered number: 14409158)

Balance Sheet
31 October 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 57,262
Investment property 5 965,211
1,022,473

CREDITORS
Amounts falling due within one year 6 90,768
NET CURRENT LIABILITIES (90,768 )
TOTAL ASSETS LESS CURRENT LIABILITIES 931,705

CREDITORS
Amounts falling due after more than one
year

7

945,128
NET LIABILITIES (13,423 )

CAPITAL AND RESERVES
Called up share capital 8 100
Retained earnings (13,523 )
SHAREHOLDERS' FUNDS (13,423 )

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

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

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 August 2024 and were signed by:



Mr O M Loveridge - Director


Loveridge Estates Ltd (Registered number: 14409158)

Notes to the Financial Statements
for the Period 10 October 2022 to 31 October 2023

1. STATUTORY INFORMATION

Loveridge Estates 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. 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.

Having discussed the projected results and cash flows of the company, the directors plan that the company will generate cash in the year ending 31 October 2024 and beyond. The company currently has the support of its director and associated company, who will continue to provide and extend loans in order that the cash demands can be met. Whilst there is always considerable uncertainty in predicting cash flows more than a few months into the future, the director is confident that the cash demands of the company will be satisfied, and it is therefore appropriate to prepare the financial statements on the going concern 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 - 25% on reducing balance

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.

Loveridge Estates Ltd (Registered number: 14409158)

Notes to the Financial Statements - continued
for the Period 10 October 2022 to 31 October 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other accounts receivable and payable, and loans from banks or other related parties.

Debt instruments, such as loans and other accounts receivable and payable, are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, such as the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost,, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the period 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 period 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.

Loveridge Estates Ltd (Registered number: 14409158)

Notes to the Financial Statements - continued
for the Period 10 October 2022 to 31 October 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 68,274
At 31 October 2023 68,274
DEPRECIATION
Charge for period 11,012
At 31 October 2023 11,012
NET BOOK VALUE
At 31 October 2023 57,262

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 965,211
At 31 October 2023 965,211
NET BOOK VALUE
At 31 October 2023 965,211

The director considers that the market value of the investment property as at 31 October 2023 is equal to cost.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to associates 61,302
Other creditors 1,200
Director's loan account 28,266
90,768

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Amounts owed to associates 945,128

Loveridge Estates Ltd (Registered number: 14409158)

Notes to the Financial Statements - continued
for the Period 10 October 2022 to 31 October 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.