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REGISTERED NUMBER: 04531498 (England and Wales)

Lorca Properties Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

| Lorca Properties Limited (Registered number: 04531498) |

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 |

| Lorca Properties Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | Mrs S L Bland

| Mr D P Bland

| SECRETARY: | Mr D P Bland

| REGISTERED OFFICE: | Units 3 & 4

| Dunley Hill Court

| Ranmore Common

| Dorking

| Surrey

| RH5 6SX

| REGISTERED NUMBER: | 04531498 (England and Wales)

| ACCOUNTANTS: | Swindells LLP

| Chartered Accountants

| Atlantic House

| 8 Bell Lane

| Bellbrook Industrial Estate

| Uckfield

| East Sussex

| TN22 1QL

| Lorca Properties Limited (Registered number: 04531498) |

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 1,262,500 |  | 1,262,500 |  |

CURRENT ASSETS

Debtors | 5 | 5,651 |  | 31,676 |  |

Cash at bank | 37,522 |  | 3,361 |  |

43,173 |  | 35,037 |  |

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | 6 | 13,279 |  | 13,069 |  |

NET CURRENT ASSETS | 29,894 |  | 21,968 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,292,394 |  | 1,284,468 |  |

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | 7 | (639,792 | ) | (644,335 | ) |

PROVISIONS FOR LIABILITIES | (88,681 | ) | (88,681 | ) |

NET ASSETS | 563,921 |  | 551,452 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Fair value reserve | 10 | 551,524 |  | 551,524 |  |

Retained earnings | 10 | 12,297 |  | (172 | ) |

SHAREHOLDERS' FUNDS | 563,921 |  | 551,452 |  |

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.

| Lorca Properties Limited (Registered number: 04531498) |

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2025 and were signed on its behalf by:

Mr D P Bland - Director

| Lorca Properties Limited (Registered number: 04531498) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Lorca Properties 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| 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. Movements in the valuation of properties are reflected in the fair value reserve, together with the related movement in deferred tax.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

| Deferred tax in respect of movements in the fair value of investment properties is recognised in the Profit and Loss Account, with an equal amount transferred from the Profit and Loss Reserve to the Fair Value Reserve.

| Lorca Properties Limited (Registered number: 04531498) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

| Rental income is recognised on a receivable basis in accordance with the terms of the lease agreements.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024

| and 31 March 2025 | 1,262,500 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,262,500 |  |

| At 31 March 2024 | 1,262,500 |  |

| Investment properties are included in the accounts at 31 March 2025 at fair value. Fair value was determined by the directors.

| Deferred tax is required to be accounted for on the revalued assets as corporation tax would currently be payable on disposal.

| The investment properties have a historical cost of £622,295.

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

2025 | 2024 |

£ | £ |

| Other debtors | 5,651 |  | 31,676 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 4,530 |  | 5,135 |  |

| Trade creditors | 794 |  | 793 |  |

| Taxation and social security | 3,376 |  | 3,212 |  |

| Other creditors | 4,579 |  | 3,929 |  |

13,279 |  | 13,069 |  |

| Lorca Properties Limited (Registered number: 04531498) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

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

2025 | 2024 |

£ | £ |

| Bank loans | 639,792 |  | 644,335 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans | 487,826 |  | 487,830 |  |

| Repayable by instalments

| Bank loans | 131,872 |  | 137,330 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Mortgage loans | 644,326 |  | 649,471 |  |

| Lending is secured by way of a debenture over the properties to which they relate.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 40 | Ordinary A | £1 | 40 |  | 40 |  |

| 60 | Ordinary B | £1 | 60 |  | 60 |  |

100 |  | 100 |  |

| All classes of shares rank pari passu in all respects.

| Lorca Properties Limited (Registered number: 04531498) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

10. | RESERVES

| Fair |

| Retained |  | value |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 April 2024 | (172 | ) | 551,524 |  | 551,352 |  |

| Profit for the year | 12,469 |  | 12,469 |  |

| At 31 March 2025 | 12,297 |  | 551,524 |  | 563,821 |  |

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 | 2024 |

£ | £ |

| Mr D P Bland and Mrs S L Bland

| Balance outstanding at start of year | 31,016 |  | 45,239 |  |

| Amounts advanced | 456 |  | 130,777 |  |

| Amounts repaid | (32,315 | ) | (145,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (843 | ) | 31,016 |  |

| Interest was charged during the year on outstanding balances at 2.25%. Interest charged amounted to £476 (2024 - £777). Balances are unsecured and repayable on demand.