Lovell Property Investments (SW) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09684829 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Lovell Property Investments (SW) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Investments

4

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

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.

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 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.

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

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

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