REGISTERED NUMBER: 11067321 (England and Wales)

Financial Statements

for the Year Ended 31 May 2025

for

Love Estate Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S T Love

REGISTERED OFFICE:

Eagle House

Cranleigh Close

Sanderstead

Surrey

CR2 9LH

REGISTERED NUMBER:

11067321 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

Suite 301, Stanmore Business

and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

FIXED ASSETS

Property, plant and equipment

4

-

-

Investment property

5

1,010,500

550,000

1,010,500

550,000

CURRENT ASSETS

Debtors

6

30,448

5,385

Cash at bank

4,118

3,828

34,566

9,213

CREDITORS

Amounts falling due within one year

7

(218,427

)

(67,639

)

NET CURRENT LIABILITIES

(183,861

)

(58,426

)

TOTAL ASSETS LESS CURRENT LIABILITIES

826,639

491,574

CREDITORS

Amounts falling due after more than one year

8

(780,530

)

(423,944

)

PROVISIONS FOR LIABILITIES

(8,371

)

(16,184

)

NET ASSETS

37,738

51,446

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

11

37,737

51,445

SHAREHOLDERS' FUNDS

37,738

51,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2026 and were signed by:

Mr S T Love - Director

1.	STATUTORY INFORMATION

Love Estate Ltd 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

Income comprises rent receivable from investment properties net of value added tax and is recognised on an accruals basis.

Tangible fixed assets

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

Computer equipment

-

33.33% on cost

Investment property

Initial measurement

Investment properties are initially measured at cost.

Subsequent measurement

Investment properties are measured at fair value at each reporting date with changes in fair values recognised in profit or loss. No depreciation is provided in respect of investment properties.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Computer

equipment

£

COST

At 1 June 2024

and 31 May 2025

1,779

DEPRECIATION

At 1 June 2024

and 31 May 2025

1,779

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

550,000

Additions

491,754

Revaluations

(31,254

)

At 31 May 2025

1,010,500

NET BOOK VALUE

At 31 May 2025

1,010,500

At 31 May 2024

550,000

Fair value at 31 May 2025 is represented by:

£

Valuation in 2025

1,010,500

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

977,016

485,262

The investment property was valued on an open market basis on 31 May 2025 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

5,775

3,468

Prepayments & accrued income

24,673

1,917

30,448

5,385

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

3,000

3,000

Tax

2,280

910

Other creditors

11,382

8,649

Directors' current accounts

180,063

37,061

Accruals & deferred income

21,702

18,019

218,427

67,639

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

780,530

423,944

9.

LOANS

Bank loans include an amount of £780,530 (2024: £420,944) repayable in more than five years otherwise than by instalments.

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loan

780,530

420,944

The bank loans are secured by way of a charge over the investment property.

11.

RESERVES

The retained earnings of £37,737 (2024: £51,445) comprise of distributable reserves of £12,624 (2024: £2,891) and non-distributable reserves of £25,113 (2024: £48,554) which relate to property revaluation less related deferred tax provision.