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REGISTERED NUMBER: 05465218 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

LOUSA PROPERTIES LTD

LOUSA PROPERTIES LTD (REGISTERED NUMBER: 05465218)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


LOUSA PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: Ms Patricia Ann Petrou AICB CB.Cert PM





REGISTERED OFFICE: C/O Michael Filiou Ltd
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS





REGISTERED NUMBER: 05465218 (England and Wales)





ACCOUNTANTS: Michael Filiou Ltd
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS

LOUSA PROPERTIES LTD (REGISTERED NUMBER: 05465218)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Investment property 5 675,000 900,000

CURRENT ASSETS
Debtors 1,928 1,674
Cash at bank and in hand 56,331 64,948
58,259 66,622
CREDITORS
Amounts falling due within one year 42,034 43,096
NET CURRENT ASSETS 16,225 23,526
TOTAL ASSETS LESS CURRENT
LIABILITIES

691,225

923,526

CREDITORS
Amounts falling due after more than one year (561,452 ) (594,033 )

PROVISIONS FOR LIABILITIES 8 - (32,269 )
NET ASSETS 129,773 297,224

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 (89,081 ) 103,650
Retained earnings 218,754 193,474
SHAREHOLDERS' FUNDS 129,773 297,224

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

LOUSA PROPERTIES LTD (REGISTERED NUMBER: 05465218)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 May 2025 and were signed by:





Ms Patricia Ann Petrou AICB CB.Cert PM - Director


LOUSA PROPERTIES LTD (REGISTERED NUMBER: 05465218)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Lousa Properties 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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

LOUSA PROPERTIES LTD (REGISTERED NUMBER: 05465218)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 900,000
Revaluations (225,000 )
At 31 March 2025 675,000
NET BOOK VALUE
At 31 March 2025 675,000
At 31 March 2024 900,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2022 135,918
Valuation in 2025 (225,000 )
Cost 764,082
675,000

6. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year or on demand:
Bank loans 25,000 25,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 16,435 51,595
Shareholders loans 495,017 492,438
511,452 544,033

LOUSA PROPERTIES LTD (REGISTERED NUMBER: 05465218)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


7. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 41,435 76,595

The bank holds the first legal charge over the freehold investment property.

8. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax - 32,269

Deferred
tax
£   
Balance at 1 April 2024 32,269
Unused amounts reversed during year (32,269 )
Balance at 31 March 2025 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Fair
value
reserve
£   
At 1 April 2024 103,650
Revaluation (192,731 )

At 31 March 2025 (89,081 )

11. ULTIMATE CONTROLLING PARTY

Each of the three shareholders own 33.3% of the issued share capital of the company. The three shareholders are connected persons.