| Lofthouse Property and Management Services Ltd |
| Registered Number:08827527 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
Lofthouse Property and Management Services Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Lofthouse Property and Management Services Ltd
Statement of Financial Position
2023
2024
| Property, plant and equipment |
93,765
93,874
2
93,765
93,874
12,837
| Cash and cash equivalents |
2,323
2,323
12,837
| Trade and other payables: amounts falling due within one |
| year |
(9,702)
(3,390)
3
3,135
(1,067)
Net current liabilities
| Total assets less current liabilities |
92,698
97,009
| Trade and other payables: amounts falling due after more |
| than one year |
(72,500)
(72,630)
4
(102)
(87)
| Provisions for liabilities |
19,966
Net assets
24,422
500
500
19,466
23,922
19,966
24,422
Shareholders' funds
| For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| 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 proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 24 July 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 December 2024
Lofthouse Property and Management Services Ltd
Notes to the Financial Statements
Statutory Information
| Lofthouse Property and Management Services Ltd is a private limited company, limited by shares, domiciled in |
| England and Wales, registration number 08827527. |
11 Derwent Road
Torquay
Devon
TQ1 3QL
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Investment property
| Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depriciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified. |
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. |
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For the year ended 31 December 2024
Lofthouse Property and Management Services Ltd
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
97,416
3,977
93,439
93,439
3,977
97,416
| Provision for depreciation and impairment |
3,542
3,542
-
Charge for year
109
109
-
3,651
3,651
-
93,439
326
93,765
93,439
435
93,874
| 3. Trade and other payables: amounts falling due within one year |
2023
2024
| Taxation and social security |
1,406
3,218
1,984
6,484
3,390
9,702
| 4. Trade and other payables: amounts falling due after more than one year |
2023
2024
72,630
72,500
| 5. Related party transactions |
The company was under the control of Mr S Lofthouse during this year.
| 6. Average number of persons employed |
During the year the average number of employees was 1 (2023 : 2)
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