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Registered number: 10769440 LO OASIS LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MAY 2025
LO OASIS LIMITED REGISTERED NUMBER: 10769440 BALANCE SHEET AS AT 31 MAY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 1,380 |  | 1,840
Investment property | 5 |  | 1,536,506 |  | 1,536,506
|  |  | 1,537,886 |  | 1,538,346
Current assets |  |  |  |  |
Cash at bank and in hand | 6 | 834 |  | 1,693 |
|  | 834 |  | 1,693 |
Creditors: amounts falling due within one year | 7 | (630,718) |  | (617,461) |
Net current liabilities |  |  | (629,884) |  | (615,768)
Total assets less current liabilities |  |  | 908,002 |  | 922,578
Creditors: amounts falling due after more than one year | 8 |  | (929,962) |  | (937,929)
Net liabilities |  |  | (21,960) |  | (15,351)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | (22,060) |  | (15,451)
|  |  | (21,960) |  | (15,351)
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LO OASIS LIMITED REGISTERED NUMBER: 10769440 BALANCE SHEET (CONTINUED) AS AT 31 MAY 2025 The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 February 2026.
Mrs X H Lo
Director
The notes on pages 3 to 8 form part of these financial statements. Page 2
LO OASIS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
1. | General information
Lo Oasis Limited is a private company, limited by shares, registered in England and Wales. The company's registered office is 1st Floor 6 St John's Court, Upper Fforest Way, Swansea Enterprise Park, Swansea, United Kingdom, SA6 8QQ. The registered number is 10769440. The presentation currency of the financial statements in Pound Sterling (£). 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as 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 Revenue 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 when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.4 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.5 | Tangible fixed assets
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. Page 3
LO OASIS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 2.Accounting policies (continued)
| 2.5 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Fixtures and fittings | - | 20% |
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 profit or loss.
| 2.6 | Investment property
Investment property is carried at fair value determined annually by external valuers 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 profit or loss.
| 2.7 | 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.
| 2.8 | 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2024 - 1).
Page 4
LO OASIS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
4. | Tangible fixed assets
|  | Fixtures and fittings
|  | £
| Cost or valuation |
| At 1 June 2024 | 2,300
| At 31 May 2025 | 2,300
| Depreciation |
| At 1 June 2024 | 460
| Charge for the year on owned assets | 460
| At 31 May 2025 | 920
| Net book value |
| At 31 May 2025 | 1,380
| At 31 May 2024 | 1,840
5. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 June 2024 | 1,536,506
| At 31 May 2025 | 1,536,506
The 2025 valuations were made by the director, on an open market value for existing use basis.
Page 5
LO OASIS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 834 | 1,693
|  | 834 | 1,693
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 73,811 | 75,579
| Other creditors | 555,107 | 540,307
| Accruals and deferred income | 1,800 | 1,575
|  | 630,718 | 617,461
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 73,811 | 75,759
|  | 73,811 | 75,759
| Details of security provided:
Amounts due on mortgages due in less than one year amount to £73,811 (£75,759). Charges are secured on the properties to which they relate, as detailed further in note 8. Page 6
LO OASIS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 929,962 | 937,929
|  | 929,962 | 937,929
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans |  |
| Loans and borrowings | 929,962 | 937,929
|  | 929,962 | 937,929
| Details of security provided:
Amounts due on mortgages falling due in more than one year amount to £929,962 (2024 £937,929). Charges are secured on the property address to which they relate. A mortgage and legal fixed charge with negative pledge dated 4th May 2018 held on 24, St Catherine Court, Maritime Quarter, Swansea, SA1 1SD secures all borrowings of Charter Court Financial Services Limited, Trading as Precise Mortgages. A mortgage and legal fixed charge with negative pledge dated 12th October 2018 held on 61, St Catherine Court, Maritime Quarter, Swansea, SA1 1SD secures all borrowings of Charter Court Financial Services Limited, Trading as Precise Mortgages. A mortgage and legal fixed charge with negative pledge dated 2nd November 2018 held on 75 St Christophers Court, Maritime Quarter, Swansea, SA1 1UA secures all borrowings of The Mortgage Works (UK) Plc. A legal fixed charge with negative pledge dated 25th January 2019 held by Paragon Bank Plc secures borrowings on 79A & 79B Oxford Street, Swansea SA1 3JG. A legal fixed charge with negative pledge dated 29th April 2019 held by Gatehouse Bank Plc secures borrowings on 65 Cityview Point, 139, Leven Road, London E14 0LL. A legal charge containing floating charges with negative pledges dated 20th November 2018 is held by Together Commercial Finance Limited and secures all Together Commercial Finance Limited borrowings of the company. An additional charge dated 20th November 2018, held together by Together Commercial Finance Limited and secures borrowings on 410 Levan Wharf, London E14 0LP. A legal charge with negative pledge dated 21st October 2021 held by The Mortgage Works (UK) Plc secure borrowings on 67 Cityview Point, 139 Leven Road, London, E14 0LL. Legal charges dated 2nd March 2022 containing fixed and floating charges with negative pledge held by Together Commercial Finance Limited secures all borrowings on 12 Dillwyn Street, Swansea, SA1 4AQ. Page 7
LO OASIS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
9. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 73,811 | 75,579
|  | 73,811 | 75,579
| Amounts falling due 1-2 years |  |
| Bank loans | 929,963 | 937,929
|  | 929,963 | 937,929
|  | 1,003,774 | 1,013,508
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