REGISTERED NUMBER: 03208243 (England and Wales)

Loren Estates Limited

Unaudited Financial Statements

for the Year Ended 31st December 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

Mrs J E Loren

Mr R A Loren

Ms R H Ayres

Mr M R Loren

Registered office:

30 Vallance Road

London

N22 7UB

Registered number:

03208243 (England and Wales)

Accountants:

Wilson Stevens

Accountants

4th Floor

100 Fenchurch Street

London

EC3M 5JD

Fixed assets

Tangible assets

4

30,817

41,089

Investment property

5

3,800,000

3,800,000

3,830,817

3,841,089

Current assets

Debtors

6

67,975

122,361

Cash at bank

132,807

114,273

200,782

236,634

Creditors

Amounts falling due within one year

7

167,128

222,321

Net current assets

33,654

14,313

Total assets less current liabilities

3,864,471

3,855,402

Provisions for liabilities

800,828

800,828

Net assets

3,063,643

3,054,574

Capital and reserves

Called up share capital

100

100

Fair value reserve

2,670,960

2,670,960

Retained earnings

392,583

383,514

3,063,643

3,054,574

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 1st September 2025 and were signed on its behalf by:

Mrs J E Loren - Director

1.	Statutory information

Loren Estates 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, rebates, value added tax and other sales taxes.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 4 (2023 - 4 ) .

4.	Tangible fixed assets

Plant and

Motor

machinery

vehicles

Totals

£

£

£

Cost

At 1st January 2024

and 31st December 2024

7,969

53,995

61,964

Depreciation

At 1st January 2024

7,376

13,499

20,875

Charge for year

148

10,124

10,272

At 31st December 2024

7,524

23,623

31,147

Net book value

At 31st December 2024

445

30,372

30,817

At 31st December 2023

593

40,496

41,089

5.	Investment property

Total

£

Fair value

At 1st January 2024

and 31st December 2024

3,800,000

Net book value

At 31st December 2024

3,800,000

At 31st December 2023

3,800,000

The investment property was valued by the directors at open market value as at 31st December 2024.

Fair value at 31st December 2024 is represented by:

£

Valuation in 2019

2,671,788

Valuation in 2021

800,000

Cost

328,212

3,800,000

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

328,212

328,212

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Other debtors

67,975

122,361

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Taxation and social security

27,405

21,305

Other creditors

139,723

201,016

167,128

222,321

8.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31st December 2024 and 31st December 2023:

2024

2023

£

£

Mr M R Loren

Balance outstanding at start of year

108,006

-

Amounts advanced

1,507

108,006

Amounts repaid

(82,051

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

27,462

108,006