LOCHAY INVESTMENTS LIMITED


Directors	BROWN, David Colin Currer
	BROWN, Katherine Susan


Company Secretary	BROWN, Katherine Susan


Registered Address	Early Lodge Farm
	Barningham
	Richmond
	DL11 7DN


Registered Number	13429095 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	3		475,000		515,000
			475,000		515,000
Current assets
Debtors	4	1,670		2,481
Cash at bank and on hand		43,962		298
		45,632		2,779
Creditors amounts falling due within one year	5	(252,952)		(234,836)
Net current assets (liabilities)			(207,320)		(232,057)
Total assets less current liabilities			267,680		282,943
Provisions for liabilities	6		(60,925)		(70,925)
Net assets			206,755		212,018
Capital and reserves
Called up share capital			200		200
Profit and loss account			206,555		211,818
Shareholders' funds			206,755		212,018

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 29 September 2025, and are signed on its behalf by:

BROWN, Katherine Susan
Director
Registered Company No. 13429095

LOCHAY INVESTMENTS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover consists of rents received and is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Investment property
	The investment property, which is held to generate rental income and/or for capital appreciation, is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Investment property
	The investment properties were revalued on 31 March 2025 by the directors who were internal to the company. The basis on the revaluation was at open market value. If the investment properties had been accounted for under cost accounting rules, the properties would have been measured at £231,300 (2024 - £231,300).


		£
	Fair value at 01 April 24	515,000
	Fair value adjustments	(40,000)
	At 31 March 25	475,000

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	200	722
Other debtors	-	468
Prepayments and accrued income	1,470	1,291
Total	1,670	2,481

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	9,879	-
Taxation and social security	7,804	-
Other creditors	234,470	234,436
Accrued liabilities and deferred income	799	400
Total	252,952	234,836

6.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	60,925	70,925
Total	60,925	70,925

7.	Related party transactions
	As at the balance sheet date, the company owed £234,370 (2024 - £234,336) to United Healthcare Developments Limited. The loan is interest free and repayable on demand.