IRIS Accounts Production v25.4.0.155 00374485 Board of Directors 1.7.24 30.6.25 30.6.25 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 00374485 2024-06-30 00374485 2025-06-30 00374485 2024-07-01 2025-06-30 00374485 2023-06-30 00374485 2023-07-01 2024-06-30 00374485 2024-06-30 00374485 ns15:EnglandWales 2024-07-01 2025-06-30 00374485 ns14:PoundSterling 2024-07-01 2025-06-30 00374485 ns10:Director1 2024-07-01 2025-06-30 00374485 ns10:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 00374485 ns10:SmallEntities 2024-07-01 2025-06-30 00374485 ns10:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 00374485 ns10:SmallCompaniesRegimeForDirectorsReport 2024-07-01 2025-06-30 00374485 ns10:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 00374485 ns10:FullAccounts 2024-07-01 2025-06-30 00374485 ns10:Director2 2024-07-01 2025-06-30 00374485 ns10:Director3 2024-07-01 2025-06-30 00374485 ns10:CompanySecretary1 2024-07-01 2025-06-30 00374485 ns10:RegisteredOffice 2024-07-01 2025-06-30 00374485 ns5:CurrentFinancialInstruments 2025-06-30 00374485 ns5:CurrentFinancialInstruments 2024-06-30 00374485 ns5:TotalForAllPensionPlansExcludingMedicalOtherPlans 2025-06-30 00374485 ns5:TotalForAllPensionPlansExcludingMedicalOtherPlans 2024-06-30 00374485 ns5:ShareCapital 2025-06-30 00374485 ns5:ShareCapital 2024-06-30 00374485 ns5:RevaluationReserve 2025-06-30 00374485 ns5:RevaluationReserve 2024-06-30 00374485 ns5:CapitalRedemptionReserve 2025-06-30 00374485 ns5:CapitalRedemptionReserve 2024-06-30 00374485 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-06-30 00374485 ns5:RetainedEarningsAccumulatedLosses 2025-06-30 00374485 ns5:RetainedEarningsAccumulatedLosses 2024-06-30 00374485 ns5:LandBuildings ns5:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 00374485 ns5:FurnitureFittings 2024-07-01 2025-06-30 00374485 ns5:MotorVehicles 2024-07-01 2025-06-30 00374485 ns5:LandBuildings 2024-06-30 00374485 ns5:FurnitureFittings 2024-06-30 00374485 ns5:MotorVehicles 2024-06-30 00374485 ns5:LandBuildings 2024-07-01 2025-06-30 00374485 ns5:LandBuildings 2025-06-30 00374485 ns5:FurnitureFittings 2025-06-30 00374485 ns5:MotorVehicles 2025-06-30 00374485 ns5:LandBuildings 2024-06-30 00374485 ns5:FurnitureFittings 2024-06-30 00374485 ns5:MotorVehicles 2024-06-30 00374485 ns5:CostValuation 2024-06-30 00374485 ns5:RevaluationsIncreaseDecreaseInInvestments 2025-06-30 00374485 ns5:CostValuation 2025-06-30 00374485 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-06-30 00374485 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-06-30 00374485 ns5:Non-currentFinancialInstruments ns5:AfterOneYear 2025-06-30 00374485 ns5:Non-currentFinancialInstruments ns5:AfterOneYear 2024-06-30 00374485 ns5:RevaluationReserve 2024-06-30 00374485 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-06-30

REGISTERED NUMBER: 00374485 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

LOADES LIMITED

LOADES LIMITED (REGISTERED NUMBER: 00374485)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

LOADES LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 JUNE 2025

| DIRECTORS: | A E Loades

| R W Loades

| S P Weavers

| SECRETARY: | S P Weavers

| REGISTERED OFFICE: | The Hub

| 54 Bayton Road

| Exhall

| Coventry

| West Midlands

| CV7 9TH

| REGISTERED NUMBER: | 00374485 (England and Wales)

| ACCOUNTANTS: | Prime

| Chartered Accountants

| Corner Oak

| 1 Homer Road

| Solihull

| B91 3QG

LOADES LIMITED (REGISTERED NUMBER: 00374485)

BALANCE SHEET

30 JUNE 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 632,918 |  | 587,204 |  |

Investments | 5 | 709,127 |  | 657,090 |  |

Investment property | 6 | 21,063,489 |  | 19,951,210 |  |

22,405,534 |  | 21,195,504 |  |

CURRENT ASSETS

Debtors | 7 | 324,823 |  | 308,059 |  |

Cash at bank and in hand | 2,377,304 |  | 3,039,285 |  |

2,702,127 |  | 3,347,344 |  |

CREDITORS

Amounts falling due within one year | 8 | 843,658 |  | 872,190 |  |

NET CURRENT ASSETS | 1,858,469 |  | 2,475,154 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 24,264,003 |  | 23,670,658 |  |

PROVISIONS FOR LIABILITIES | (1,059,841 | ) | (1,069,136 | ) |

PENSION ASSET | 258,000 |  | 335,000 |  |

NET ASSETS | 23,462,162 |  | 22,936,522 |  |

CAPITAL AND RESERVES

Called up share capital | 441,741 |  | 441,741 |  |

Revaluation reserve | 9 | 364,077 |  | 364,077 |  |

Capital redemption reserve | 58,259 |  | 58,259 |  |

Fair value reserve | 9 | 11,786,494 |  | 11,786,494 |  |

Retained earnings | 10,811,591 |  | 10,285,951 |  |

23,462,162 |  | 22,936,522 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

LOADES LIMITED (REGISTERED NUMBER: 00374485)

BALANCE SHEET - continued

30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:

R W Loades - Director

LOADES LIMITED (REGISTERED NUMBER: 00374485)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1. | STATUTORY INFORMATION

| Loades 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.

| Turnover

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

| Tangible fixed assets

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

| Freehold property | - | Straight line over 50 years

| Fixtures and fittings | - | 33% on reducing balance

| Motor vehicles | - | Straight line over 5 years

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| 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.

| 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.

LOADES LIMITED (REGISTERED NUMBER: 00374485)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

2. | ACCOUNTING POLICIES - continued

| Pension costs and other post-retirement benefits

| Defined contribution plans

| For defined contribution schemes the amount charged to the profit and loss is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments.

| Defined benefit plans

| For defined benefit retirement plans, the cost of providing benefits is determined using the projected unit credit method.

| Asset/liability

| The net defined benefit asset/liability represents the present value of the defined benefit obligation minus the fair value of plan assets out of which obligations are to be settled. Any asset resulting from this calculation is limited to the present value of available refunds or reductions in future contributions to the plan.

| The rate used to discount the benefit obligations to their present value is based on market yields for high quality corporate bonds with terms and currencies consistent with those of the benefit obligations.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 7 (2024 - 7 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | and |  | Motor |

| property |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1 July 2024 | 409,900 |  | 724,376 |  | 475,300 |  | 1,609,576 |  |

| Additions | - |  | 7,175 |  | 135,659 |  | 142,834 |  |

| Disposals | - |  | - |  | (30,511 | ) | (30,511 | ) |

| At 30 June 2025 | 409,900 |  | 731,551 |  | 580,448 |  | 1,721,899 |  |

| DEPRECIATION

| At 1 July 2024 | 39,900 |  | 624,034 |  | 358,438 |  | 1,022,372 |  |

| Charge for year | 5,700 |  | 23,946 |  | 67,473 |  | 97,119 |  |

| Eliminated on disposal | - |  | - |  | (30,510 | ) | (30,510 | ) |

| At 30 June 2025 | 45,600 |  | 647,980 |  | 395,401 |  | 1,088,981 |  |

| NET BOOK VALUE

| At 30 June 2025 | 364,300 |  | 83,571 |  | 185,047 |  | 632,918 |  |

| At 30 June 2024 | 370,000 |  | 100,342 |  | 116,862 |  | 587,204 |  |

LOADES LIMITED (REGISTERED NUMBER: 00374485)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

4. | TANGIBLE FIXED ASSETS - continued

| All of the Company's freehold land and buildings were revalued as at 30 June 2024 by Harris Lamb Property Consultants on a fair value basis.

| The directors do not consider there to be a material difference between the fair value of the properties as at 30 June 2025 and 30 June 2024 and as such have not revalued the properties at 30 June 2025.

5. | FIXED ASSET INVESTMENTS

| Shares in |

| group |  | Other |

| undertakings |  | investments |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 July 2024 | 4,002 |  | 675,087 |  | 679,089 |  |

| Revaluations | - |  | 52,037 |  | 52,037 |  |

| At 30 June 2025 | 4,002 |  | 727,124 |  | 731,126 |  |

| PROVISIONS

| At 1 July 2024

| and 30 June 2025 | - |  | 21,999 |  | 21,999 |  |

| NET BOOK VALUE

| At 30 June 2025 | 4,002 |  | 705,125 |  | 709,127 |  |

| At 30 June 2024 | 4,002 |  | 653,088 |  | 657,090 |  |

| Cost or valuation at 30 June 2025 is represented by:

| Shares in |

| group |  | Other |

| undertakings |  | investments |  | Totals

£ | £ | £ |

| Valuation in 2025 | - |  | 52,037 |  | 52,037 |  |

| Valuation in 2024 | - |  | (45,762 | ) | (45,762 | ) |

| Valuation in 2023 | - |  | 12,802 |  | 12,802 |  |

| Valuation in 2022 | - |  | 82,364 |  | 82,364 |  |

| Cost | 4,002 |  | 625,683 |  | 629,685 |  |

4,002 |  | 727,124 |  | 731,126 |  |

| Included in other investments are historic vehicles which were revalued at 30 June 2025 by the directors. The directors do not consider there to be a material difference between the fair value of these assets at 30 June 2025 and 30 June 2024 and as such have not revalued the assets at 30 June 2025.

LOADES LIMITED (REGISTERED NUMBER: 00374485)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 July 2024 | 19,951,210 |  |

| Additions | 1,112,279 |  |

| At 30 June 2025 | 21,063,489 |  |

| NET BOOK VALUE

| At 30 June 2025 | 21,063,489 |  |

| At 30 June 2024 | 19,951,210 |  |

7. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 104,062 |  | 130,694 |  |

| Other debtors | 168,716 |  | 155,191 |  |

272,778 |  | 285,885 |  |

| Amounts falling due after more than one year:

| Other debtors | 52,045 |  | 22,174 |  |

| Aggregate amounts | 324,823 |  | 308,059 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 7,385 |  | - |  |

| Amounts owed to group undertakings | 4,002 |  | 4,002 |  |

| Taxation and social security | 294,053 |  | 311,180 |  |

| Other creditors | 538,218 |  | 557,008 |  |

843,658 |  | 872,190 |  |

9. | RESERVES

| Fair |

| Revaluation |  | value |

| reserve |  | reserve |  | Totals

£ | £ | £ |

| At 1 July 2024

| and 30 June 2025 | 364,077 |  | 11,786,494 |  | 12,150,571 |  |