IRIS Accounts Production v24.3.2.46 07746468 Board of Directors 1.5.23 30.4.24 30.4.24 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077464682023-04-30077464682024-04-30077464682023-05-012024-04-30077464682022-04-30077464682022-05-012023-04-30077464682023-04-3007746468ns15:EnglandWales2023-05-012024-04-3007746468ns14:PoundSterling2023-05-012024-04-3007746468ns10:Director12023-05-012024-04-3007746468ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3007746468ns10:SmallEntities2023-05-012024-04-3007746468ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3007746468ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3007746468ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3007746468ns10:FullAccounts2023-05-012024-04-3007746468ns10:OrdinaryShareClass12023-05-012024-04-3007746468ns10:Director22023-05-012024-04-3007746468ns10:Director32023-05-012024-04-3007746468ns10:RegisteredOffice2023-05-012024-04-3007746468ns5:CurrentFinancialInstruments2024-04-3007746468ns5:CurrentFinancialInstruments2023-04-3007746468ns5:Non-currentFinancialInstruments2024-04-3007746468ns5:Non-currentFinancialInstruments2023-04-3007746468ns5:ShareCapital2024-04-3007746468ns5:ShareCapital2023-04-3007746468ns5:FurtherSpecificReserve3ComponentTotalEquity2024-04-3007746468ns5:FurtherSpecificReserve3ComponentTotalEquity2023-04-3007746468ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3007746468ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3007746468ns10:OrdinaryShareClass12024-04-3007746468ns5:FurtherSpecificReserve3ComponentTotalEquity2023-04-30
REGISTERED NUMBER: 07746468 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

LOVEDAY COMMERCIALS LTD

LOVEDAY COMMERCIALS LTD (REGISTERED NUMBER: 07746468)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOVEDAY COMMERCIALS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: Mr MC Stevens
Mr FJ Steward
Mr NRH Whorrell





REGISTERED OFFICE: 11-13 Station Road
Kettering
Northamptonshire
NN15 7HH





REGISTERED NUMBER: 07746468 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

LOVEDAY COMMERCIALS LTD (REGISTERED NUMBER: 07746468)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,200,000 922,000

CURRENT ASSETS
Debtors 5 27,553 98,815
Cash at bank 4,398 8,173
31,951 106,988
CREDITORS
Amounts falling due within one year 6 82,675 15,606
NET CURRENT (LIABILITIES)/ASSETS (50,724 ) 91,382
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,149,276

1,013,382

CREDITORS
Amounts falling due after more than one
year

7

(345,446

)

(522,500

)

PROVISIONS FOR LIABILITIES (153,031 ) (63,483 )
NET ASSETS 650,799 427,399

CAPITAL AND RESERVES
Called up share capital 8 120 120
Fair value reserve 9 459,092 270,640
Retained earnings 191,587 156,639
SHAREHOLDERS' FUNDS 650,799 427,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 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.

LOVEDAY COMMERCIALS LTD (REGISTERED NUMBER: 07746468)

BALANCE SHEET - continued
30TH APRIL 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th January 2025 and were signed on its behalf by:





Mr NRH Whorrell - Director


LOVEDAY COMMERCIALS LTD (REGISTERED NUMBER: 07746468)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. STATUTORY INFORMATION

Loveday Commercials 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 (£).


The trading address is: 11 St James Road, St James Industrial Estate, Corby, Northamptonshire, NN18 8AL

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis not withstanding that at 30 April 2024 the company had net current liabilities of £50,724. The directors believe this basis to be appropriate and have agreed to provide funds as necessary to meet the day to day running costs of the business for the foreseeable future.

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.

Financial instruments
The company is party to only basic financial instruments such as cash, trade debtors and creditors, and bank loans. Instruments such as trade debtors and creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2023 922,000
Revaluations 278,000
At 30th April 2024 1,200,000
NET BOOK VALUE
At 30th April 2024 1,200,000
At 30th April 2023 922,000

LOVEDAY COMMERCIALS LTD (REGISTERED NUMBER: 07746468)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


4. INVESTMENT PROPERTY - continued

Fair value at 30th April 2024 is represented by:
£   
Valuation in 2015 41,756
Valuation in 2019 250,000
Valuation in 2022 42,367
Valuation in 2024 278,000
Cost 587,877
1,200,000

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

2024 2023
£    £   
Cost 587,877 587,877

Investment property was valued on an open market basis on 30th April 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 27,553 98,815

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1,955
Taxation and social security 22,900 11,901
Other creditors 59,775 1,750
82,675 15,606

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 345,446 522,500

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
120 Ordinary £1 120 120

LOVEDAY COMMERCIALS LTD (REGISTERED NUMBER: 07746468)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


9. RESERVES
Fair
value
reserve
£   
At 1st May 2023 270,640
Reserve transfer 277,999
Deferred tax movement (89,547 )

At 30th April 2024 459,092

10. RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions.