REGISTERED NUMBER: 00687510 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Lupeta Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs W A Elliott

S T Elliott

Mrs N L Platts

SECRETARY:

Mrs N Platts

REGISTERED OFFICE:

Diversity House

72 Nottingham Road

Arnold

Nottingham

Nottinghamshire

NG5 6LF

REGISTERED NUMBER:

00687510 (England and Wales)

ACCOUNTANTS:

Harding & Humphries

5 Victoria Buildings

Victoria Road

Freshfield

Liverpool

Merseyside

L37 7DB

FIXED ASSETS

Tangible assets

4

506,389

508,121

CURRENT ASSETS

Debtors

5

73,508

28,559

Cash at bank

1,837

30,900

75,345

59,459

CREDITORS

Amounts falling due within one year

6

140,339

130,003

NET CURRENT LIABILITIES

(64,994

)

(70,544

)

TOTAL ASSETS LESS CURRENT LIABILITIES

441,395

437,577

CREDITORS

Amounts falling due after more than one year

7

(35,968

)

(42,125

)

PROVISIONS FOR LIABILITIES

(41,841

)

(41,841

)

NET ASSETS

363,586

353,611

CAPITAL AND RESERVES

Called up share capital

56

56

Non-distributable reserve

8

178,377

178,377

Retained earnings

185,153

175,178

SHAREHOLDERS' FUNDS

363,586

353,611

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 5 December 2025 and were signed on its behalf by:

Mrs W A Elliott - Director

Mrs N L Platts - Director

S T Elliott - Director

1.	STATUTORY INFORMATION

Lupeta Estates 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment properties

-

not provided

Fixtures and fittings

-

25% on reducing balance

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.

Investment properties

In accordance with the Financial Reporting Standard 102 no depreciation is provided in respect of freehold investment properties held at fair value. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. The properties owned by the company are held for investment purposes and not for consumption. The Directors believe, that this accounting policy is necessary for the accounts to give a true and fair view.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Investment

and

properties

fittings

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

500,000

38,048

538,048

Additions

-

397

397

At 31 March 2025

500,000

38,445

538,445

DEPRECIATION

At 1 April 2024

-

29,927

29,927

Charge for year

-

2,129

2,129

At 31 March 2025

-

32,056

32,056

NET BOOK VALUE

At 31 March 2025

500,000

6,389

506,389

At 31 March 2024

500,000

8,121

508,121

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Investment

and

properties

fittings

Totals

£

£

£

Valuation in 2014

500,000

-

500,000

Cost

-

38,445

38,445

500,000

38,445

538,445

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

318,525

318,525

Value of land in freehold land and buildings

106,175

106,175

The freehold land and building were valued on an open market basis on 31 March 2014 by Mrs W.A. Elliott - Company Director .

The company commenced refurbishing one of the investment properties held during the year ended 31st March 2024. It is now expected that the work will be completed during the year ended 31st March 2026. At that point the company intends to obtain a current professional valuation of the investment properties. This will be reflected in the accounts for that year. In the meantime the costs have been included under other debtors within prepayments on the balance sheet until such time as the works have been completed and a current valuation has been undertaken.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

73,508

28,559

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,111

5,656

Taxation and social security

2,791

3,617

Other creditors

127,437

120,730

140,339

130,003

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

35,968

42,125

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,391

14,033

8.

RESERVES

Non-distributable

reserve

£

At 1 April 2024

and 31 March 2025

178,377

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs W A Elliott.