REGISTERED NUMBER: 03163828 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

LOCHPLACE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Good Stephenson

Mrs V A Good Stephenson

SECRETARY:

R Good Stephenson

REGISTERED OFFICE:

4 Wallfield,

Wallfield Park

Reigate

Surrey

RH2 9AJ

REGISTERED NUMBER:

03163828 (England and Wales)

FIXED ASSETS

Tangible assets

4

32,465

3,391

Investment property

5

2,245,000

2,245,000

2,277,465

2,248,391

CURRENT ASSETS

Stocks

12,690

83,239

Debtors

6

1,930,618

1,853,472

Cash at bank

7,116

1,330

1,950,424

1,938,041

CREDITORS

Amounts falling due within one year

7

1,766,934

1,705,347

NET CURRENT ASSETS

183,490

232,694

TOTAL ASSETS LESS CURRENT LIABILITIES

2,460,955

2,481,085

PROVISIONS FOR LIABILITIES

49,326

49,326

NET ASSETS

2,411,629

2,431,759

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

2,411,625

2,431,755

SHAREHOLDERS' FUNDS

2,411,629

2,431,759

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 17 November 2025 and were signed on its behalf by:

R Good Stephenson - Director

1.	STATUTORY INFORMATION

Lochplace 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 represents net invoiced sales of properties and other work performed, excluding value added tax, plus attributable profit on long term contracts ascertained by reference to the value of work carried out to date.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on reducing balance

Investment property

The company's properties are held for long term investment and are included in the Balance Sheet at their open market values. Their value is assessed annually on the basis of open market value by the directors of the company and are revalued when appropriate. Surpluses or deficits on revaluation of such properties are transferred to the revaluation reserve.

Depreciation is not provided in respect of freehold investment properties. This policy represents a departure from statutory accounting principles which require depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the financial statements may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified

Stocks and work-in-progress

Stocks and work-in-progress (except long-term contract balances) are stated at the lower of cost and net realisable value.

Long-term contract balances are stated at net cost less foreseeable losses less any applicable payments on account. The amount recorded as turnover in respect of long-term contracts is ascertained by reference to the value of the work carried out to date. Attributable profit is recognised as the difference between recorded turnover and related costs.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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 NIL (2024 - 2 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 March 2024

18,298

15,395

-

33,693

Additions

-

-

41,000

41,000

At 28 February 2025

18,298

15,395

41,000

74,693

DEPRECIATION

At 1 March 2024

18,298

12,004

-

30,302

Charge for year

-

1,676

10,250

11,926

At 28 February 2025

18,298

13,680

10,250

42,228

NET BOOK VALUE

At 28 February 2025

-

1,715

30,750

32,465

At 29 February 2024

-

3,391

-

3,391

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

and 28 February 2025

2,245,000

NET BOOK VALUE

At 28 February 2025

2,245,000

At 29 February 2024

2,245,000

Fair value at 28 February 2025 is represented by:

£

Valuation in 2016

1,302,172

Valuation in 2017

281,542

Valuation in 2018

49,103

Valuation in 2020

50,000

Valuation in 2021

(280,000

)

Valuation in 2022

(925,000

)

Cost

1,767,183

2,245,000

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

2025

2024

£

£

Cost

1,767,183

1,767,183

Investment property was valued on an open market basis on 28 February 2025 by Robert Good Stephenson MRICS .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,767

3,116

Amounts owed by group undertakings

1,927,436

1,147,376

Amounts recoverable on contracts

-

700,000

Prepayments and accrued income

415

2,980

1,930,618

1,853,472

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

5,481

12,018

Tax

-

5,862

Social security and other taxes

3,806

9,540

Other creditors

47,679

24,572

Amounts owed to related

parties

1,634,083

1,503,847

Directors' current accounts

239

162

Accruals and deferred income

75,646

149,346

1,766,934

1,705,347

8.	ULTIMATE CONTROLLING PARTY