REGISTERED NUMBER: 06002932 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Lovell Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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.

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 ) .

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

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.

10.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

720,994