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REGISTERED NUMBER: SC513401 (Scotland)















LOUGHLIN GROUP LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025






LOUGHLIN GROUP LTD (REGISTERED NUMBER: SC513401)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOUGHLIN GROUP LTD

COMPANY INFORMATION
For The Year Ended 31 January 2025







DIRECTOR: C Loughlin





SECRETARY: Mrs E Loughlin





REGISTERED OFFICE: 16 Royal Crescent
Glasgow
G3 7SL





REGISTERED NUMBER: SC513401 (Scotland)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

LOUGHLIN GROUP LTD (REGISTERED NUMBER: SC513401)

BALANCE SHEET
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 439 659
Investment property 5 240,358 240,358
240,797 241,017

CURRENT ASSETS
Debtors 6 233 310
Cash at bank 143,686 124,501
143,919 124,811
CREDITORS
Amounts falling due within one year 7 180,060 178,058
NET CURRENT LIABILITIES (36,141 ) (53,247 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

204,656

187,770

PROVISIONS FOR LIABILITIES 960 960
NET ASSETS 203,696 186,810

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7,769 7,769
Retained earnings 195,827 178,941
SHAREHOLDERS' FUNDS 203,696 186,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

LOUGHLIN GROUP LTD (REGISTERED NUMBER: SC513401)

BALANCE SHEET - continued
31 January 2025


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 21 April 2025 and were signed by:





C Loughlin - Director


LOUGHLIN GROUP LTD (REGISTERED NUMBER: SC513401)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2025


1. STATUTORY INFORMATION

Loughlin Group Ltd is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover represents rental income for the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Investment property
Land and buildings are classified as investment property when the property is held to earn rentals or for capital appreciation or both. Investment property is initially measured at cost which comprises purchase price and any directly attributable expenditure, and subsequently remeasured to fair value at each reporting date with changes in fair value recognised in the Income Statement.

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 (2024 - 1 ) .

LOUGHLIN GROUP LTD (REGISTERED NUMBER: SC513401)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2025


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024
and 31 January 2025 1,099
DEPRECIATION
At 1 February 2024 440
Charge for year 220
At 31 January 2025 660
NET BOOK VALUE
At 31 January 2025 439
At 31 January 2024 659

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024
and 31 January 2025 240,358
NET BOOK VALUE
At 31 January 2025 240,358
At 31 January 2024 240,358


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Other debtors 233 310

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Director's loan account 175,282 173,657
Taxation and social security 4,013 3,126
Other creditors 765 1,275
180,060 178,058

LOUGHLIN GROUP LTD (REGISTERED NUMBER: SC513401)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2025


8. RELATED PARTY DISCLOSURES

At 31 January 2025 the company's director had provided the company with an interest free loan of £175,282 (2024, £173,657). There are no fixed repayment terms for this loan.