IRIS Accounts Production v25.4.0.155 06002932 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 06002932 2024-03-31 06002932 2025-03-31 06002932 2024-04-01 2025-03-31 06002932 2023-03-31 06002932 2023-04-01 2024-03-31 06002932 2024-03-31 06002932 ns15:EnglandWales 2024-04-01 2025-03-31 06002932 ns14:PoundSterling 2024-04-01 2025-03-31 06002932 ns10:Director1 2024-04-01 2025-03-31 06002932 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06002932 ns10:SmallEntities 2024-04-01 2025-03-31 06002932 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 06002932 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 06002932 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06002932 ns10:FullAccounts 2024-04-01 2025-03-31 06002932 ns10:Director2 2024-04-01 2025-03-31 06002932 ns10:Director3 2024-04-01 2025-03-31 06002932 ns10:CompanySecretary1 2024-04-01 2025-03-31 06002932 ns10:RegisteredOffice 2024-04-01 2025-03-31 06002932 ns5:CurrentFinancialInstruments 2025-03-31 06002932 ns5:CurrentFinancialInstruments 2024-03-31 06002932 ns5:Non-currentFinancialInstruments 2025-03-31 06002932 ns5:Non-currentFinancialInstruments 2024-03-31 06002932 ns5:ShareCapital 2025-03-31 06002932 ns5:ShareCapital 2024-03-31 06002932 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 06002932 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 06002932 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 06002932 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 06002932 1 2024-04-01 2025-03-31 06002932 ns5:PlantMachinery 2024-04-01 2025-03-31 06002932 ns5:PlantMachinery 2024-03-31 06002932 ns5:PlantMachinery 2025-03-31 06002932 ns5:PlantMachinery 2024-03-31 06002932 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 06002932 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 06002932 ns5:Secured 2025-03-31 06002932 ns5:Secured 2024-03-31 06002932 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31

REGISTERED NUMBER: 06002932 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Lovell Holdings Limited

Lovell Holdings Limited (Registered number: 06002932)

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 Holdings Limited

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | G R Lovell

| Mrs M W Lovell

| Mrs J C Holmes

| SECRETARY: | Mrs M W Lovell

| REGISTERED OFFICE: | First Floor Cef Building

| Broomhill Way

| Torquay

| Devon

| TQ2 7QN

| REGISTERED NUMBER: | 06002932 (England and Wales)

| ACCOUNTANTS: | Mark Ward Chartered Certified Accountants

| First Floor Cef Building

| Broomhill Way

| Torquay

| Devon

| TQ2 7QN

Lovell Holdings Limited (Registered number: 06002932)

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 6,092 |  | 7,615 |  |

Investment property | 5 | 4,468,019 |  | 3,080,000 |  |

4,474,111 |  | 3,087,615 |  |

CURRENT ASSETS

Debtors | 6 | 211,401 |  | 157,053 |  |

Cash at bank | 166,922 |  | 118,233 |  |

378,323 |  | 275,286 |  |

CREDITORS

Amounts falling due within one year | 7 | 188,223 |  | 151,482 |  |

NET CURRENT ASSETS | 190,100 |  | 123,804 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,664,211 |  | 3,211,419 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (1,348,046 | ) | - |  |

PROVISIONS FOR LIABILITIES | (123,676 | ) | (122,772 | ) |

NET ASSETS | 3,192,489 |  | 3,088,647 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Fair value reserve | 10 | 720,994 |  | 720,994 |  |

Retained earnings | 2,471,395 |  | 2,367,553 |  |

SHAREHOLDERS' FUNDS | 3,192,489 |  | 3,088,647 |  |

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 Holdings Limited (Registered number: 06002932)

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 Holdings Limited (Registered number: 06002932)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Lovell Holdings 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

| The company is a private company limited by share capital incorporated in England and Wales. The address of the registered office is given on page 1. The functional and operational currency of the company is sterling.

| 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 amount 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.

| 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.

| 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 etc | - | 20% on reducing balance

| 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 Holdings Limited (Registered number: 06002932)

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.

| 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.

| Financial instruments

| The company holds the following financial instruments:

| - Short term trade and other debtors and creditors and

| - Cash and bank balances.

| All financial instruments are classified as basic.

| The company has chosen to apply the recognition and measurement principles in FRS102.

| Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

| Basic financial assets comprise short term trade and other debtors, short term intra group debtors and cash and bank balances. Basic financial liabilities comprise short term trade and other creditors and short term intra group creditors.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 3 ) .

Lovell Holdings Limited (Registered number: 06002932)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 137,862 |  |

| DEPRECIATION

| At 1 April 2024 | 130,247 |  |

| Charge for year | 1,523 |  |

| At 31 March 2025 | 131,770 |  |

| NET BOOK VALUE

| At 31 March 2025 | 6,092 |  |

| At 31 March 2024 | 7,615 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 3,080,000 |  |

| Additions | 1,388,019 |  |

| At 31 March 2025 | 4,468,019 |  |

| NET BOOK VALUE

| At 31 March 2025 | 4,468,019 |  |

| At 31 March 2024 | 3,080,000 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2016 | 112,238 |  |

| Valuation in 2019 | 100,326 |  |

| Valuation in 2021 | 260,000 |  |

| Valuation in 2024 | 370,000 |  |

| Cost | 3,625,455 |  |

4,468,019 |  |

Lovell Holdings Limited (Registered number: 06002932)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | INVESTMENT PROPERTY - continued

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Cost | 3,788,475 |  | 2,400,456 |  |

| Aggregate depreciation | (163,020 | ) | (163,020 | ) |

| Investment properties were valued on an open market basis on 5 August 2024 by Stratton Creber Commercial .

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 199,820 |  | 152,917 |  |

| Other debtors | 11,581 |  | 4,136 |  |

211,401 |  | 157,053 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade creditors | 1,549 |  | - |  |

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

| Taxation and social security | 15,075 |  | 44,758 |  |

| Other creditors | 33,851 |  | 4,355 |  |

188,223 |  | 151,482 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | 498,046 |  | - |  |

| Other creditors | 850,000 |  | - |  |

1,348,046 |  | - |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | 498,046 |  | - |  |

| Bank loans are secured upon the underlying assets acquired.

Lovell Holdings Limited (Registered number: 06002932)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

10. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 April 2024

| and 31 March 2025 | 720,994 |  |