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Registered number: 03864902
Love Architecture Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2025
Granatt & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03864902
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 1
Tangible Assets 5 53 71
Investments 6 17,468 17,468
17,522 17,540
CURRENT ASSETS
Debtors 7 623 623
Cash at bank and in hand 4,592 1,115
5,215 1,738
Creditors: Amounts Falling Due Within One Year 8 (85,333 ) (76,360 )
NET CURRENT ASSETS (LIABILITIES) (80,118 ) (74,622 )
TOTAL ASSETS LESS CURRENT LIABILITIES (62,596 ) (57,082 )
NET LIABILITIES (62,596 ) (57,082 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (62,598 ) (57,084 )
SHAREHOLDERS' FUNDS (62,596) (57,082)
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Page 2
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Profit and Loss Account.
On behalf of the board
Mr Brian Love
Director
28/05/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Love Architecture Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03864902 . The registered office is 59 Lambeth Walk, London, SE11 6DX.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2024 16,500
As at 31 August 2025 16,500
Amortisation
As at 1 September 2024 16,499
As at 31 August 2025 16,499
Net Book Value
As at 31 August 2025 1
As at 1 September 2024 1
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 September 2024 570 927 1,497
As at 31 August 2025 570 927 1,497
Depreciation
As at 1 September 2024 532 894 1,426
Provided during the period 10 8 18
As at 31 August 2025 542 902 1,444
Net Book Value
As at 31 August 2025 28 25 53
As at 1 September 2024 38 33 71
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
6. Investments
Listed
£
Cost or Valuation
As at 1 September 2024 17,468
As at 31 August 2025 17,468
Provision
As at 1 September 2024 -
As at 31 August 2025 -
Net Book Value
As at 31 August 2025 17,468
As at 1 September 2024 17,468
The Director considers that no revaluation of the investment property is required.
7. Debtors
2025 2024
£ £
Due within one year
Other debtors 623 623
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 1,939 242
Accruals and deferred income 850 850
Director's loan account 82,544 75,268
85,333 76,360
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
10. Related Party Transactions
Included in other creditors is an amount of £82,544 (2024 £75,268) owed to the Director Mr B Q Love.
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