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REGISTERED NUMBER: 10769919 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

L. O. L. INVESTMENTS LIMITED

L. O. L. INVESTMENTS LIMITED (REGISTERED NUMBER: 10769919)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


L. O. L. INVESTMENTS LIMITED

Company Information
for the year ended 31 December 2024







DIRECTORS: F Ermini
D A Swift





REGISTERED OFFICE: 11 Laura Place
Bath
BA2 4BL





REGISTERED NUMBER: 10769919 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
L. O. L. Investments Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of L. O. L. Investments Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of L. O. L. Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of L. O. L. Investments Limited and state those matters that we have agreed to state to the Board of Directors of L. O. L. Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than L. O. L. Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that L. O. L. Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of L. O. L. Investments Limited. You consider that L. O. L. Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of L. O. L. Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


6 June 2025

L. O. L. INVESTMENTS LIMITED (REGISTERED NUMBER: 10769919)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investments 4 1,093,683 1,083,353
Investment property 5 375,000 350,000
1,468,683 1,433,353

CURRENT ASSETS
Debtors 6 14,081 21,925
Cash at bank 115,854 96,107
129,935 118,032
CREDITORS
Amounts falling due within one year 7 1,556,413 1,630,323
NET CURRENT LIABILITIES (1,426,478 ) (1,512,291 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,205

(78,938

)

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 42,204 (78,939 )
SHAREHOLDERS' FUNDS 42,205 (78,938 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

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 Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by:





F Ermini - Director


L. O. L. INVESTMENTS LIMITED (REGISTERED NUMBER: 10769919)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

L. O. L. Investments Limited 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, value added tax and other sales taxes. Rental income is recognised over the period to which it relates.

Investment property
Investment property is held at market value. Any aggregate surplus or deficit arising from
changes in fair value is recognised in profit or loss.

Financial instruments
The company primarily only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties. It also from time to time enters derivative contracts, including interest rate swaps and forward foreign exchange contracts which are not basic financial instruments.

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 profit or loss.

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 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 the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting 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.

Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.

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.


L. O. L. INVESTMENTS LIMITED (REGISTERED NUMBER: 10769919)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments
Investments in shares and other similar financial assets held for investment are held at market value, with gains and losses taken to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2024 1,083,353
Additions 630,737
Disposals (623,486 )
Revaluations 3,079
At 31 December 2024 1,093,683
NET BOOK VALUE
At 31 December 2024 1,093,683
At 31 December 2023 1,083,353


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 350,000
Revaluations 25,000
At 31 December 2024 375,000
NET BOOK VALUE
At 31 December 2024 375,000
At 31 December 2023 350,000

L. O. L. INVESTMENTS LIMITED (REGISTERED NUMBER: 10769919)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

5. INVESTMENT PROPERTY - continued

The investment property was compared to the market value of similar properties in the local area.

Following this review, the directors consider the revaluation in the previous year to be representative of the fair value at the balance sheet date.


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 14,081 21,925

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 1,552,950 1,627,132
Other creditors 3,463 3,191
1,556,413 1,630,323

8. DEFERRED TAX
£   
Balance at 1 January 2024 (21,871 )
Fair value of investments 3,094
Investment property 4,750
Balance at 31 December 2024 (14,027 )

At the Balance Sheet date the deferred tax asset was made up of:
- £28,973 asset on unrealised revaluations of fixed asset investments.
- £128 double taxation relief asset carried forward.
- £15,074 liability on investment property revaluations.

9. CALLED UP SHARE CAPITAL

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

10. ULTIMATE CONTROLLING PARTY

The controlling party is Immobiliare Emor II S.r.l..

11. CRITICAL ACCOUNTING ESTIMATES AND UNCERTAINTIES

The directors believe that the Investment Property in the financial statements represents its fair value.

No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.