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REGISTERED NUMBER: 09684829 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Lovell Property Investments (SW) Limited

Lovell Property Investments (SW) Limited (Registered number: 09684829)

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 Property Investments (SW) Limited

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | G R Lovell

| Mrs M W Lovell

| SECRETARY: | Mrs M W Lovell

| REGISTERED OFFICE: | First Floor

| CEF Building

| Broomhill Way

| Torquay

| Devon

| TQ2 7QN

| REGISTERED NUMBER: | 09684829 (England and Wales)

| ACCOUNTANTS: | Mark Ward Chartered Certified Accountants

| First Floor Cef Building

| Broomhill Way

| Torquay

| Devon

| TQ2 7QN

Lovell Property Investments (SW) Limited (Registered number: 09684829)

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 1,525,000 |  | 1,525,000 |  |

Investment property | 5 | 906,000 |  | 875,000 |  |

2,431,000 |  | 2,400,000 |  |

CURRENT ASSETS

Debtors | 6 | 138,411 |  | 103,022 |  |

Cash at bank | 9,349 |  | 12,700 |  |

147,760 |  | 115,722 |  |

CREDITORS

Amounts falling due within one year | 7 | 21,820 |  | 9,893 |  |

NET CURRENT ASSETS | 125,940 |  | 105,829 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,556,940 |  | 2,505,829 |  |

CAPITAL AND RESERVES

Called up share capital | 2,132,130 |  | 2,132,130 |  |

Fair value reserve | 8 | 301,000 |  | 270,000 |  |

Retained earnings | 123,810 |  | 103,699 |  |

SHAREHOLDERS' FUNDS | 2,556,940 |  | 2,505,829 |  |

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 Property Investments (SW) Limited (Registered number: 09684829)

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 31 October 2025 and were signed on its behalf by:

G R Lovell - Director

Lovell Property Investments (SW) Limited (Registered number: 09684829)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Lovell Property Investments (SW) 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.

| Critical accounting judgements and key sources of estimation uncertainty

| In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| Turnover

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

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| 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.

Lovell Property Investments (SW) Limited (Registered number: 09684829)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

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

4. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 1,525,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,525,000 |  |

| At 31 March 2024 | 1,525,000 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 875,000 |  |

| Revaluations | 31,000 |  |

| At 31 March 2025 | 906,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 906,000 |  |

| At 31 March 2024 | 875,000 |  |

Lovell Property Investments (SW) Limited (Registered number: 09684829)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | INVESTMENT PROPERTY - continued

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2021 | 55,000 |  |

| Valuation in 2022 | 215,000 |  |

| Valuation in 2025 | 31,000 |  |

| Cost | 605,000 |  |

906,000 |  |

| If the investment properties had not been revalued they would have been included at the following historical cost:

| 31.3.25 |  | 31.3.24

£ | £ |

| Cost | 605,000 |  | 605,000 |  |

| The investment properties were valued on an open market basis on 27 April 2025 by the Directors .

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Amounts owed by group undertakings | 137,748 |  | 102,369 |  |

| Other debtors | 663 |  | 653 |  |

138,411 |  | 103,022 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Taxation and social security | 5,974 |  | 6,663 |  |

| Other creditors | 15,846 |  | 3,230 |  |

21,820 |  | 9,893 |  |

8. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 April 2024 | 270,000 |  |

| Investment prop revaluation | 31,000 |  |

| At 31 March 2025 | 301,000 |  |