REGISTERED NUMBER: 11883981 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

LOHAN PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D M Lohan

REGISTERED OFFICE:

Virtuosi House

Unit 1 Focus Business Park

Bunns Bank, Old Buckenham

Attleborough

Norfolk

NR17 1GY

REGISTERED NUMBER:

11883981 (England and Wales)

FIXED ASSETS

Tangible assets

4

14,355

17,212

Investments

5

107

107

Investment property

6

2,305,000

1,975,000

2,319,462

1,992,319

CURRENT ASSETS

Debtors

7

427,510

318,578

Cash at bank

915

6,187

428,425

324,765

CREDITORS

Amounts falling due within one year

8

1,503,652

1,331,935

NET CURRENT LIABILITIES

(1,075,227

)

(1,007,170

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,244,235

985,149

CREDITORS

Amounts falling due after more than one year

9

(7,763

)

(17,839

)

PROVISIONS FOR LIABILITIES

(161,146

)

(117,743

)

NET ASSETS

1,075,326

849,567

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

10

472,675

340,322

Retained earnings

602,650

509,244

1,075,326

849,567

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 director acknowledges his 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 director and authorised for issue on 30 December 2025 and were signed by:

D M Lohan - Director

1.	STATUTORY INFORMATION

Lohan Property 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.

The directors have considered the company's position at the time of signing the financial statements. After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

Preparation of consolidated financial statements

The financial statements contain information about Lohan Property Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The following criteria must also be met before revenue is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

Tangible fixed assets

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

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant & machinery - 25% reducing balance

Motor vehicles - 25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and retained earnings.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of income and retained earnings.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

22,950

Additions

1,446

At 31 March 2025

24,396

DEPRECIATION

At 1 April 2024

5,738

Charge for year

4,303

At 31 March 2025

10,041

NET BOOK VALUE

At 31 March 2025

14,355

At 31 March 2024

17,212

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

107

NET BOOK VALUE

At 31 March 2025

107

At 31 March 2024

107

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,975,000

Additions

153,530

Revaluations

176,470

At 31 March 2025

2,305,000

NET BOOK VALUE

At 31 March 2025

2,305,000

At 31 March 2024

1,975,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

630,232

Cost

1,674,768

2,305,000

The properties were revalued by the director on 31 March 2025.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

158,592

Other debtors

427,510

159,986

427,510

318,578

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,600

9,600

Trade creditors

2,160

27,344

Taxation and social security

40,801

136,616

Other creditors

1,451,091

1,158,375

1,503,652

1,331,935

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

7,763

17,839

10.

RESERVES

Revaluation

reserve

£

At 1 April 2024

340,322

Revaluation during the year

132,353

At 31 March 2025

472,675

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12.	RECONCILIATION OF EQUITY

Note

At 1 Apr 2023

At 31 Mar 2024

£

£

Capital and reserves

213,505

587,529

Revaluation of investment properties

98,641

355,121

Recognition of deferred tax liability

(24,660

)

(93,083

)

Capital and reserves (as restated)

287,486

849,567

Year ended 31 Mar 2024

£

Profit for the year ended (as previously restated)

300,043

Revaluation of investment properties

1

355,121

Reacquisition of deferred tax liability

(93,083

)

Profit of the year as restated

562,081

Note 1

The company applied FRS 105 and was not previously required to recognise deferred tax liability on the balance sheet. The investment properties and deferred tax liability in FRS 102 and are recognised as a financial assets or a financial liability. Consequently, financial assets of £98,641 and liabilities of £24,660 have been recognised in the opening balance sheet at 1 April 2023. Financial assets of £355,121 and liabilities of £93,083 have been recognised in the balance sheet at 31 March 2024. Changes in the investment properties and deferred tax liabilities are recognised in the profit or loss with the effect on profit for the year ended 31 March 2024 being an increase of £262,038.