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Registered number: 08532785
Lobelia I Ltd
Unaudited Financial Statements
For The Year Ended 29 May 2025
Lobelia I Ltd
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—4

Page 1
Lobelia I Ltd
Statement of Financial Position
As At 29 May 2025
Statement of Financial Position
Registered number: 08532785

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investment Properties | 4 |  | 355,444 |  | 359,947
|  |  | 355,444 |  | 359,947
CURRENT ASSETS
Debtors | 5 | 194 |  | 196 |
Cash at bank and in hand |  | 1,704 |  | 654 |
|  | 1,898 |  | 850 |
Creditors: Amounts Falling Due Within One Year | 6 | (280,513 ) |  | (279,129 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (278,615 ) |  | (278,279 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 76,829 |  | 81,668
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (141,998 ) |  | (158,647 )
NET LIABILITIES |  |  | (65,169 ) |  | (76,979 )
CAPITAL AND RESERVES
Called up share capital | 8 |  | 1,000 |  | 1,000
Fair value reserve | 9 |  | (138,400 ) |  | (133,897 )
Income Statement |  |  | 72,231 |  | 55,918
SHAREHOLDERS' FUNDS |  |  | (65,169) |  | (76,979)

Page 1
Page 2
Lobelia I Ltd
Statement of Financial Position (continued)
As At 29 May 2025
For the year ending 29 May 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board

Ms S C Morris Director
20/04/2026

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Lobelia I Ltd
Notes to the Financial Statements
For The Year Ended 29 May 2025
Notes to the Financial Statements
1. General Information
Lobelia I Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08532785 . The registered office is The Courtyard, 33 Duke Street, Trowbridge, Wiltshire, BA14 8EA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Investment Properties
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.
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in
profit or loss. The methods and significant assumptions used to ascertain the fair value of £351,135 and fair
value movement of £90,840 included in the profit/loss for the year are as follows:
The 2019 valuation of the Orgiano property was carried out by Arch Giuseppe Gavazzo registered in the
Register of Architects of the Province of Vicenza at no. 619, Registered in the Register of Technical Consultants
Court of Vicenza at no. 716, C. F. GVZGPP60C27L840B - P.Iva 01924530247, with studio in Torri di Quartesolo
(VI) Via Dal Ponte 187/8, 36040, Torri di Quartesolo.
The director has calculated a further revaluation for the year to 31 May 2022 based on the change in valuations
of similar properties.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.5. Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each
balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash
generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its
recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued
amount where the impairment loss is a revaluation decrease.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 3
Page 4
Lobelia I Ltd
Notes to the Financial Statements (continued)
For The Year Ended 29 May 2025
4. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 31 May 2024 | 359,947
Revaluations | (4,503)
As at 29 May 2025 | 355,444

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 194 |  | 196

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 17,142 |  | 17,236
Corporation tax | 3,827 |  | -
Other creditors | 2,415 |  | 2,445
Accruals and deferred income | 1,890 |  | 1,710
Directors' loan accounts | 255,239 |  | 257,738
| 280,513 |  | 279,129

7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 141,998 |  | 158,647

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,000 |  | 1,000

9. Reserves

| Fair value reserve | Income Statement
--- | --- | ---
| £ | £
As at 31 May 2024 | (133,897 ) | 55,918
Profit for the year and total comprehensive income | - | 11,810
Movements in fair value reserve | (4,503) | -
Transfer from revaluation reserve | - | 4,503
As at 29 May 2025 | (138,400 ) | 72,231

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