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REGISTERED NUMBER: 10000703 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

| FOR |

| LOVELL LANDSCAPES LTD |

LOVELL LANDSCAPES LTD (REGISTERED NUMBER: 10000703)

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 |

LOVELL LANDSCAPES LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | N J Kellett

| N W Kellett

| REGISTERED OFFICE: | 30-34 North Street

| Hailsham

| East Sussex

| BN27 1DW

| REGISTERED NUMBER: | 10000703 (England and Wales)

| ACCOUNTANTS: | Watson Associates (Professional Services) Ltd

| 30 - 34 North Street

| Hailsham

| East Sussex

| BN27 1DW

LOVELL LANDSCAPES LTD (REGISTERED NUMBER: 10000703)

BALANCE SHEET

31 MARCH 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 1,000 |  | 2,000 |  |

Tangible assets | 5 | 91,900 |  | 78,567 |  |

92,900 |  | 80,567 |  |

CURRENT ASSETS

Stocks | 178,016 |  | 201,794 |  |

Debtors | 6 | 824,294 |  | 592,947 |  |

Cash at bank and in hand | 158,616 |  | 241,818 |  |

1,160,926 |  | 1,036,559 |  |

CREDITORS

Amounts falling due within one year | 7 | (360,917 | ) | (329,926 | ) |

NET CURRENT ASSETS | 800,009 |  | 706,633 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 892,909 |  | 787,200 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (12,180 | ) | (9,234 | ) |

PROVISIONS FOR LIABILITIES | (18,458 | ) | (14,745 | ) |

NET ASSETS | 862,271 |  | 763,221 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 2 |  | 2 |  |

Retained earnings | 862,269 |  | 763,219 |  |

SHAREHOLDERS' FUNDS | 862,271 |  | 763,221 |  |

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.

LOVELL LANDSCAPES LTD (REGISTERED NUMBER: 10000703)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2025 and were signed on its behalf by:

N J Kellett - Director

LOVELL LANDSCAPES LTD (REGISTERED NUMBER: 10000703)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Lovell Landscapes Ltd 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 the provisions of Section 1A "Small Entities" of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the recognition of certain assets and liabilities measured at fair value.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the company retains no continuing involvement or control over the goods; the amount of revenue can be measured reliably; and when it is probable that future economic benefits will flow to the entity.

| In respect of construction contracts and the rendering of services, turnover represents revenue measured by reference to the stage of completion of the contract activity or of the service transaction at the end of the reporting period.

| Goodwill

| Goodwill recognised represents the excess of the fair value and directly attributable costs of the purchase consideration over the fair values of the identifiable net assets, liabilities and contingent liabilities acquired.

| Goodwill is amortised through the income statement in equal instalments over its estimated useful life of 10 years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. Reversals of impairment are recognised when the reasons for the impairment no longer apply.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

| Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs.

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery - 20% reducing balance

| Motor vehicles - 25% reducing balance

| The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

LOVELL LANDSCAPES LTD (REGISTERED NUMBER: 10000703)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Cost is calculated on a first in, first out basis and includes all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

| Net realisable value is based on estimated selling price less costs to complete and sell.

| At the end of each reporting period stocks and work in progress are assessed for impairment. If any stock or work in progress is impaired, it is reduced to its net realisable value and an impairment charge is recognised in the income statement. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the income statement.

| Financial instruments

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

| Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

| 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 profit or loss.

| Financial assets and liabilities are offset and the net amount reported in the balance sheet only 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.

| 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. 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.

| Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

LOVELL LANDSCAPES LTD (REGISTERED NUMBER: 10000703)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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 18 (2024 - 18 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 10,000 |  |

| AMORTISATION

| At 1 April 2024 | 8,000 |  |

| Amortisation for year | 1,000 |  |

| At 31 March 2025 | 9,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,000 |  |

| At 31 March 2024 | 2,000 |  |

LOVELL LANDSCAPES LTD (REGISTERED NUMBER: 10000703)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

5. | TANGIBLE FIXED ASSETS

| Plant and |  | Motor |  | Computer |

| machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024 | 87,683 |  | 170,266 |  | 6,538 |  | 264,487 |  |

| Additions | 21,070 |  | 26,817 |  | 3,606 |  | 51,493 |  |

| Disposals | - |  | (16,495 | ) | - |  | (16,495 | ) |

| At 31 March 2025 | 108,753 |  | 180,588 |  | 10,144 |  | 299,485 |  |

| DEPRECIATION

| At 1 April 2024 | 64,874 |  | 116,721 |  | 4,325 |  | 185,920 |  |

| Charge for year | 14,334 |  | 19,343 |  | 1,548 |  | 35,225 |  |

| Eliminated on disposal | - |  | (13,560 | ) | - |  | (13,560 | ) |

| At 31 March 2025 | 79,208 |  | 122,504 |  | 5,873 |  | 207,585 |  |

| NET BOOK VALUE

| At 31 March 2025 | 29,545 |  | 58,084 |  | 4,271 |  | 91,900 |  |

| At 31 March 2024 | 22,809 |  | 53,545 |  | 2,213 |  | 78,567 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 April 2024 | 45,990 |  |

| Additions | 26,817 |  |

| Transfer to ownership | (18,995 | ) |

| At 31 March 2025 | 53,812 |  |

| DEPRECIATION

| At 1 April 2024 | 15,270 |  |

| Charge for year | 14,385 |  |

| Transfer to ownership | (11,983 | ) |

| At 31 March 2025 | 17,672 |  |

| NET BOOK VALUE

| At 31 March 2025 | 36,140 |  |

| At 31 March 2024 | 30,720 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 695,350 |  | 461,674 |  |

| Other debtors | 128,944 |  | 131,273 |  |

824,294 |  | 592,947 |  |

LOVELL LANDSCAPES LTD (REGISTERED NUMBER: 10000703)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 9) | 14,190 |  | 10,267 |  |

| Trade creditors | 276,640 |  | 215,001 |  |

| Taxation and social security | 57,133 |  | 85,419 |  |

| Other creditors | 12,954 |  | 19,239 |  |

360,917 |  | 329,926 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 9) | 12,180 |  | 9,234 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 14,190 |  | 10,267 |  |

| Between one and five years | 12,180 |  | 9,234 |  |

26,370 |  | 19,501 |  |

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 29,348 |  | 29,160 |  |

| Between one and five years | 84,503 |  | 113,850 |  |

113,851 |  | 143,010 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 1 | Ordinary A | £1 | 1 |  | 1 |  |

| 1 | Ordinary B | £1 | 1 |  | 1 |  |

2 |  | 2 |  |