IRIS Accounts Production v25.2.0.378 02386434 Board of Directors Board of Directors Board of Directors 1.4.24 31.3.25 31.3.25 0 0 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02386434 2024-03-31 02386434 2025-03-31 02386434 2024-04-01 2025-03-31 02386434 2023-03-31 02386434 2023-04-01 2024-03-31 02386434 2024-03-31 02386434 ns15:EnglandWales 2024-04-01 2025-03-31 02386434 ns14:PoundSterling 2024-04-01 2025-03-31 02386434 ns10:Director1 2024-04-01 2025-03-31 02386434 ns10:Director2 2024-04-01 2025-03-31 02386434 ns10:Director3 2024-04-01 2025-03-31 02386434 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02386434 ns10:SmallEntities 2024-04-01 2025-03-31 02386434 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 02386434 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 02386434 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02386434 ns10:FullAccounts 2024-04-01 2025-03-31 02386434 ns10:CompanySecretary1 2024-04-01 2025-03-31 02386434 ns10:RegisteredOffice 2024-04-01 2025-03-31 02386434 ns5:CurrentFinancialInstruments 2025-03-31 02386434 ns5:CurrentFinancialInstruments 2024-03-31 02386434 ns5:Non-currentFinancialInstruments 2025-03-31 02386434 ns5:Non-currentFinancialInstruments 2024-03-31 02386434 ns5:ShareCapital 2025-03-31 02386434 ns5:ShareCapital 2024-03-31 02386434 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 02386434 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 02386434 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 02386434 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 02386434 ns5:FurnitureFittings 2024-04-01 2025-03-31 02386434 ns5:PlantMachinery 2024-03-31 02386434 ns5:FurnitureFittings 2024-03-31 02386434 ns5:PlantMachinery 2025-03-31 02386434 ns5:FurnitureFittings 2025-03-31 02386434 ns5:PlantMachinery 2024-03-31 02386434 ns5:FurnitureFittings 2024-03-31 02386434 ns5:CostValuation 2025-03-31 02386434 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 02386434 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 02386434 ns5:CurrentFinancialInstruments 2024-04-01 2025-03-31 02386434 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2025-03-31 02386434 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2024-03-31 02386434 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-03-31 02386434 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-03-31 02386434 ns5:Non-currentFinancialInstruments ns5:MoreThanFiveYears 2025-03-31 02386434 ns5:Non-currentFinancialInstruments ns5:MoreThanFiveYears 2024-03-31 02386434 ns5:Secured 2025-03-31 02386434 ns5:Secured 2024-03-31 02386434 ns5:DeferredTaxation 2024-03-31 02386434 ns5:DeferredTaxation 2024-04-01 2025-03-31 02386434 ns5:DeferredTaxation 2025-03-31

REGISTERED NUMBER: 02386434 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| Loadace Limited |

| Loadace Limited (Registered number: 02386434) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Loadace Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | A J White

| Mrs A Underhill

| Mrs S Ling

| SECRETARY: | Mrs S Ling

| REGISTERED OFFICE: | Woodlands

| Staplegrove

| Taunton

| Somerset

| TA2 6AL

| REGISTERED NUMBER: | 02386434 (England and Wales)

| Loadace Limited (Registered number: 02386434) |

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | - |  |

Investments | 5 | 50 |  | 50 |  |

Investment property | 6 | 16,373,892 |  | 15,675,623 |  |

16,373,942 |  | 15,675,673 |  |

CURRENT ASSETS

Stocks | - |  | 308,190 |  |

Debtors | 7 | 843,205 |  | 25,454 |  |

Cash at bank | 86,158 |  | 137,763 |  |

929,363 |  | 471,407 |  |

CREDITORS

Amounts falling due within one year | 8 | 646,400 |  | 625,114 |  |

NET CURRENT ASSETS/(LIABILITIES) | 282,963 |  | (153,707 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 16,656,905 |  | 15,521,966 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (4,101,671 | ) | (3,981,211 | ) |

PROVISIONS FOR LIABILITIES | 11 | (266,108 | ) | (98,295 | ) |

NET ASSETS | 12,289,126 |  | 11,442,460 |  |

CAPITAL AND RESERVES

Called up share capital | 200,000 |  | 200,000 |  |

Other reserves | 1,377,183 |  | 941,552 |  |

Retained earnings | 10,711,943 |  | 10,300,908 |  |

SHAREHOLDERS' FUNDS | 12,289,126 |  | 11,442,460 |  |

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 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.

| Loadace Limited (Registered number: 02386434) |

Balance Sheet - 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.

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 8 September 2025 and were signed on its behalf by:

Mrs A Underhill - Director | A J White - Director

Mrs S Ling - Director

| Loadace Limited (Registered number: 02386434) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Loadace 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 represents amounts due during the year, exclusive of Value Added Tax.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings | - | 20% on straight line basis

| Investments in associates

| Investments in associate undertakings are recognised at cost.

| Investment property

| Investment properties are initially recognised at cost and subsequently carried at fair value, determined annually by the Director who is not a professionally qualified valuer. Changes in fair values are recognised in the profit and loss.

| The investment properties are subject to renovations or improvements at regular intervals. The cost of major renovations and improvements are capitalised and the carrying amounts of the replaced components are recognised in the profit and loss. The cost of maintenance, repairs and minor improvements is recognised in the profit and loss when incurred.

| On disposal of an investment property, the difference between the disposal proceeds and the carrying amount is recognised in the profit or loss.

| Stocks

| Stock comprising property under development and represents accumulated costs of development shown net of cost or net realisable value.

| 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.

| 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.

| Loadace Limited (Registered number: 02386434) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |

| machinery |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024

| and 31 March 2025 | 13,618 |  | 70,758 |  | 84,376 |  |

| DEPRECIATION

| At 1 April 2024

| and 31 March 2025 | 13,618 |  | 70,758 |  | 84,376 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  | - |  | - |  |

| At 31 March 2024 | - |  | - |  | - |  |

5. | FIXED ASSET INVESTMENTS

| Interest

| in

| associate

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 50 |  |

| NET BOOK VALUE

| At 31 March 2025 | 50 |  |

| At 31 March 2024 | 50 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 15,675,623 |  |

| Additions | 94,825 |  |

| Revaluations | 603,444 |  |

| At 31 March 2025 | 16,373,892 |  |

| NET BOOK VALUE

| At 31 March 2025 | 16,373,892 |  |

| At 31 March 2024 | 15,675,623 |  |

| The historical cost of the property investments is £14,730,602 with no accumulated depreciation. The property portfolio has been valued by the director Mr A J White who is not a professionally qualified valuer.

| Loadace Limited (Registered number: 02386434) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

6. | INVESTMENT PROPERTY - continued

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2025 | 603,444 |  |

| Valuation in 2023 | (868,532 | ) |

| Valuation in 2022 | 450,000 |  |

| Valuation in 2020 | 1,458,378 |  |

| Cost | 14,730,602 |  |

16,373,892 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 27,132 |  | 21,894 |  |

| Other debtors | 812,337 |  | - |  |

| Prepayments and accrued income | 3,736 |  | 3,560 |  |

843,205 |  | 25,454 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 166,028 |  | 152,516 |  |

| Trade creditors | 708 |  | 356 |  |

| Trade creditors -

| Rents in advance | 147,295 |  | 137,915 |  |

| Corporation tax | 138,282 |  | 103,051 |  |

| VAT | 16,629 |  | 18,694 |  |

| Other creditors | 125,223 |  | 125,223 |  |

| Security deposits | 17,351 |  | 17,351 |  |

| Directors' current accounts | 4,939 |  | 4,939 |  |

| Accruals and deferred income | 29,945 |  | 65,069 |  |

646,400 |  | 625,114 |  |

| The bank loans and overdraft facility are secured on the assets of the company.

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans - 1-2 years | 1,632,138 |  | 1,632,138 |  |

| Bank loans - 2-5 years | 457,549 |  | 457,549 |  |

| Bank loans more 5 yr by instal | 2,011,984 |  | 1,891,524 |  |

4,101,671 |  | 3,981,211 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 2,011,984 |  | 1,891,524 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 4,267,699 |  | 4,133,727 |  |

| Loadace Limited (Registered number: 02386434) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

11. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 266,108 |  | 98,295 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 98,295 |  |

| Charge to Income Statement during year | 167,813 |  |

| Balance at 31 March 2025 | 266,108 |  |

| The deferred tax provision has been provided in connection with the potential tax due upon the revalued properties at 25%.

12. | RELATED PARTY DISCLOSURES

| During the year, total dividends of £90,000 (2024 - £90,000) were paid to the directors .

| A company in which Mr A J White is also a director.

| Management charges of £10,000 (2024: £10,000) are included in the company's profit and loss account. During the year a loan of £102,000 was due to this company and shown in creditors. This has been repaid since the year end.

| A company in which Mrs A Underhill is also a director.

| Management charges of £10,000 (2024: £10,000) are included in the company's profit and loss account.

| A company in which Mrs S Ling is also a director.

| Management charges of £10,000 (2024: £10,000) are included in the company's profit and loss account.

| A company in which Mr A J White and Mrs A Underhill are also directors.

| Properties independently valued at £790,000 were sold to a company in which two of the directors were also directors. A loan was made during the year to this company of £844,337 which is repayable upon demand. £32,000 of this loan was repaid during the year with £812,337 included in debtors. A further £40,000 has been repaid since the year end to date.