Lloyds Property Services Limited

(Registration number: 07486582)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	62,352	42,947
Current assets
Debtors	5	46,000	22,188
Cash at bank and in hand		58,313	73,234
		104,313	95,422
Creditors: Amounts falling due within one year	6	(63,117)	(49,423)
Net current assets		41,196	45,999
Total assets less current liabilities		103,548	88,946
Creditors: Amounts falling due after more than one year	6	(35,563)	(20,849)
Provisions for liabilities		(9,984)	(6,297)
Net assets		58,001	61,800
Capital and reserves
Called up share capital		1	1
Retained earnings		58,000	61,799
Shareholders' funds		58,001	61,800

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Lloyds Property Services Limited

(Registration number: 07486582)
Balance Sheet as at 31 January 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 October 2025
 

......................................... C J Lloyd Director

Lloyds Property Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is pound sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Lloyds Property Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

2	Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office building	2% Straight line
Furniture, fittings and equipment	20% Reducing balance, 33% straight line
Motor vehicles	25% Reducing balance
Leasehold property	in accordance with the lease

Lloyds Property Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

2	Accounting policies (continued)

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

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

Lloyds Property Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2024	2,427	4,654	84,861	91,942
Additions	-	-	38,900	38,900
At 31 January 2025	2,427	4,654	123,761	130,842
Depreciation
At 1 February 2024	118	4,072	44,312	48,502
Charge for the year	10	116	19,862	19,988
At 31 January 2025	128	4,188	64,174	68,490
Carrying amount
At 31 January 2025	2,299	466	59,587	62,352
At 31 January 2024	1,818	581	40,548	42,947

Lloyds Property Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

5

Debtors

Current	2025 £	2024 £
Trade debtors	41,648	17,770
Prepayments	4,352	4,143
Other debtors	-	275
	46,000	22,188

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	15,557	9,979
Taxation and social security		10,836	14,583
Accruals and deferred income		7,391	3,662
Other creditors		29,333	21,199
		63,117	49,423

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	35,563	20,849

Lloyds Property Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,596	20,849
Hire purchase contracts	24,967	-
	35,563	20,849

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,229	9,979
Hire purchase contracts	5,328	-
	15,557	9,979