2023-11-012024-10-312024-10-31false05463619LOUGHTON PHOTOGRAPHIC HOLDINGS LIMITED2025-03-0664209falseiso4217:GBPxbrli:pure054636192023-11-01054636192024-10-31054636192023-11-012024-10-31054636192022-11-01054636192023-10-31054636192022-11-012023-10-3105463619bus:SmallEntities2023-11-012024-10-3105463619bus:AuditExempt-NoAccountantsReport2023-11-012024-10-3105463619bus:FullAccounts2023-11-012024-10-3105463619bus:PrivateLimitedCompanyLtd2023-11-012024-10-3105463619core:WithinOneYear2024-10-3105463619core:AfterOneYear2024-10-3105463619core:WithinOneYear2023-10-3105463619core:AfterOneYear2023-10-3105463619core:ShareCapital2024-10-3105463619core:SharePremium2024-10-3105463619core:RevaluationReserve2024-10-3105463619core:OtherReservesSubtotal2024-10-3105463619core:RetainedEarningsAccumulatedLosses2024-10-3105463619core:ShareCapital2023-10-3105463619core:SharePremium2023-10-3105463619core:RevaluationReserve2023-10-3105463619core:OtherReservesSubtotal2023-10-3105463619core:RetainedEarningsAccumulatedLosses2023-10-3105463619core:LandBuildings2024-10-3105463619core:PlantMachinery2024-10-3105463619core:Vehicles2024-10-3105463619core:FurnitureFittings2024-10-3105463619core:OfficeEquipment2024-10-3105463619core:NetGoodwill2024-10-3105463619core:IntangibleAssetsOtherThanGoodwill2024-10-3105463619core:ListedExchangeTraded2024-10-3105463619core:UnlistedNon-exchangeTraded2024-10-3105463619core:LandBuildings2023-10-3105463619core:PlantMachinery2023-10-3105463619core:Vehicles2023-10-3105463619core:FurnitureFittings2023-10-3105463619core:OfficeEquipment2023-10-3105463619core:NetGoodwill2023-10-3105463619core:IntangibleAssetsOtherThanGoodwill2023-10-3105463619core:ListedExchangeTraded2023-10-3105463619core:UnlistedNon-exchangeTraded2023-10-3105463619core:LandBuildings2023-11-012024-10-3105463619core:PlantMachinery2023-11-012024-10-3105463619core:Vehicles2023-11-012024-10-3105463619core:FurnitureFittings2023-11-012024-10-3105463619core:OfficeEquipment2023-11-012024-10-3105463619core:NetGoodwill2023-11-012024-10-3105463619core:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-3105463619core:ListedExchangeTraded2023-11-012024-10-3105463619core:UnlistedNon-exchangeTraded2023-11-012024-10-3105463619core:MoreThanFiveYears2023-11-012024-10-3105463619core:Non-currentFinancialInstruments2024-10-3105463619core:Non-currentFinancialInstruments2023-10-3105463619dpl:CostSales2023-11-012024-10-3105463619dpl:DistributionCosts2023-11-012024-10-3105463619core:LandBuildings2023-11-012024-10-3105463619core:PlantMachinery2023-11-012024-10-3105463619core:Vehicles2023-11-012024-10-3105463619core:FurnitureFittings2023-11-012024-10-3105463619core:OfficeEquipment2023-11-012024-10-3105463619dpl:AdministrativeExpenses2023-11-012024-10-3105463619core:NetGoodwill2023-11-012024-10-3105463619core:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-3105463619dpl:GroupUndertakings2023-11-012024-10-3105463619dpl:ParticipatingInterests2023-11-012024-10-3105463619dpl:GroupUndertakingscore:ListedExchangeTraded2023-11-012024-10-3105463619core:ListedExchangeTraded2023-11-012024-10-3105463619dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-11-012024-10-3105463619core:UnlistedNon-exchangeTraded2023-11-012024-10-3105463619dpl:CostSales2022-11-012023-10-3105463619dpl:DistributionCosts2022-11-012023-10-3105463619core:LandBuildings2022-11-012023-10-3105463619core:PlantMachinery2022-11-012023-10-3105463619core:Vehicles2022-11-012023-10-3105463619core:FurnitureFittings2022-11-012023-10-3105463619core:OfficeEquipment2022-11-012023-10-3105463619dpl:AdministrativeExpenses2022-11-012023-10-3105463619core:NetGoodwill2022-11-012023-10-3105463619core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3105463619dpl:GroupUndertakings2022-11-012023-10-3105463619dpl:ParticipatingInterests2022-11-012023-10-3105463619dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-012023-10-3105463619core:ListedExchangeTraded2022-11-012023-10-3105463619dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-012023-10-3105463619core:UnlistedNon-exchangeTraded2022-11-012023-10-3105463619core:NetGoodwill2024-10-3105463619core:IntangibleAssetsOtherThanGoodwill2024-10-3105463619core:LandBuildings2024-10-3105463619core:PlantMachinery2024-10-3105463619core:Vehicles2024-10-3105463619core:FurnitureFittings2024-10-3105463619core:OfficeEquipment2024-10-3105463619core:AfterOneYear2024-10-3105463619core:WithinOneYear2024-10-3105463619core:ListedExchangeTraded2024-10-3105463619core:UnlistedNon-exchangeTraded2024-10-3105463619core:ShareCapital2024-10-3105463619core:SharePremium2024-10-3105463619core:RevaluationReserve2024-10-3105463619core:OtherReservesSubtotal2024-10-3105463619core:RetainedEarningsAccumulatedLosses2024-10-3105463619core:NetGoodwill2023-10-3105463619core:IntangibleAssetsOtherThanGoodwill2023-10-3105463619core:LandBuildings2023-10-3105463619core:PlantMachinery2023-10-3105463619core:Vehicles2023-10-3105463619core:FurnitureFittings2023-10-3105463619core:OfficeEquipment2023-10-3105463619core:AfterOneYear2023-10-3105463619core:WithinOneYear2023-10-3105463619core:ListedExchangeTraded2023-10-3105463619core:UnlistedNon-exchangeTraded2023-10-3105463619core:ShareCapital2023-10-3105463619core:SharePremium2023-10-3105463619core:RevaluationReserve2023-10-3105463619core:OtherReservesSubtotal2023-10-3105463619core:RetainedEarningsAccumulatedLosses2023-10-3105463619core:NetGoodwill2022-11-0105463619core:IntangibleAssetsOtherThanGoodwill2022-11-0105463619core:LandBuildings2022-11-0105463619core:PlantMachinery2022-11-0105463619core:Vehicles2022-11-0105463619core:FurnitureFittings2022-11-0105463619core:OfficeEquipment2022-11-0105463619core:AfterOneYear2022-11-0105463619core:WithinOneYear2022-11-0105463619core:ListedExchangeTraded2022-11-0105463619core:UnlistedNon-exchangeTraded2022-11-0105463619core:ShareCapital2022-11-0105463619core:SharePremium2022-11-0105463619core:RevaluationReserve2022-11-0105463619core:OtherReservesSubtotal2022-11-0105463619core:RetainedEarningsAccumulatedLosses2022-11-0105463619core:AfterOneYear2023-11-012024-10-3105463619core:WithinOneYear2023-11-012024-10-3105463619core:Non-currentFinancialInstrumentscore:CostValuation2023-11-012024-10-3105463619core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-11-012024-10-3105463619core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-11-012024-10-3105463619core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-11-012024-10-3105463619core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-11-012024-10-3105463619core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-11-012024-10-3105463619core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-11-012024-10-3105463619core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-11-012024-10-3105463619core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-11-012024-10-3105463619core:Non-currentFinancialInstrumentscore:CostValuation2024-10-3105463619core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-10-3105463619core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-10-3105463619core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-10-3105463619core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-10-3105463619core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-10-3105463619core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-10-3105463619core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-10-3105463619core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-10-3105463619core:Non-currentFinancialInstrumentscore:CostValuation2023-10-3105463619core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-10-3105463619core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-10-3105463619core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-10-3105463619core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-10-3105463619core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-10-3105463619core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-10-3105463619core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-10-3105463619core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-10-3105463619bus:Director12023-11-012024-10-3105463619bus:Director22023-11-012024-10-3105463619bus:Director32023-11-012024-10-31

LOUGHTON PHOTOGRAPHIC HOLDINGS LIMITED

Registered Number
05463619
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

LOUGHTON PHOTOGRAPHIC HOLDINGS LIMITED
Company Information
for the year from 1 November 2023 to 31 October 2024

Directors

PARRY, Keith George
PARRY, Paul James
PARRY, Timothy

Registered Address

56 West Street
Shoreham-By-Sea
BN43 5WG

Registered Number

05463619 (England and Wales)
LOUGHTON PHOTOGRAPHIC HOLDINGS LIMITED
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,5062,286
Investments5100100
Investment property4750,000750,000
751,606752,386
Current assets
Debtors63,9463,173
Cash at bank and on hand5,6621,971
9,6085,144
Creditors amounts falling due within one year7(120,899)(103,084)
Net current assets (liabilities)(111,291)(97,940)
Total assets less current liabilities640,315654,446
Provisions for liabilities8(376)(572)
Net assets639,939653,874
Capital and reserves
Called up share capital11,00011,000
Profit and loss account628,939642,874
Shareholders' funds639,939653,874
The financial statements were approved and authorised for issue by the Board of Directors on 6 March 2025, and are signed on its behalf by:
PARRY, Timothy
Director
Registered Company No. 05463619
LOUGHTON PHOTOGRAPHIC HOLDINGS LIMITED
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover represents rental income receivable.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Office Equipment-3
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 November 239597,8118,770
Additions-419419
At 31 October 249598,2309,189
Depreciation and impairment
At 01 November 232946,1906,484
Charge for year2279721,199
At 31 October 245217,1627,683
Net book value
At 31 October 244381,0681,506
At 31 October 236651,6212,286
4.Investment property
The investment property was valued by the directors on 31 October 2024 at fair value. The value is not based on a valuation by an independent valuer who holds a relevant professional qualification, but has been valued by looking at similar properties in the local area and applying commercial property price indices to the original cost. The original historical cost of the property was £1,263,174. As the original cost is greater than the valuation on 31 October 2024, no deferred tax is accrued for.

£
Fair value at 01 November 23750,000
At 31 October 24750,000
5.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 November 23100100
At 31 October 24100100
Net book value
At 31 October 24100100
At 31 October 23100100

Notes

1Investments in group undertakings and participating interests
6.Debtors: amounts due within one year

2024

2023

££
Amounts owed by group undertakings635486
Prepayments and accrued income3,3112,687
Total3,9463,173
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables19-
Taxation and social security-1,361
Other creditors113,89498,184
Accrued liabilities and deferred income6,9863,539
Total120,899103,084
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)376572
Total376572
9.Related party transactions
Included in creditors is £98,894 (2023: £97,184) contributed by the directors. The loans are interest free and repayable on demand.
10.Controlling party
The controlling party is T Parry, director and majority shareholder.