LOUGHTON PHOTOGRAPHIC HOLDINGS LIMITED


Directors	PARRY, Keith George
	PARRY, Paul James
	PARRY, Timothy


Registered Address	56 West Street
	Shoreham-By-Sea
	BN43 5WG


Registered Number	05463619 (England and Wales)

Balance Sheet as at
31 October 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,481		1,506
Investments	5		100		100
Investment property	4		750,000		750,000
			751,581		751,606
Current assets
Debtors	6	1,676		3,946
Cash at bank and on hand		6,473		5,662
		8,149		9,608
Creditors amounts falling due within one year	7	(104,327)		(120,899)
Net current assets (liabilities)			(96,178)		(111,291)
Total assets less current liabilities			655,403		640,315
Provisions for liabilities	8		(370)		(376)
Net assets			655,033		639,939
Capital and reserves
Called up share capital			11,000		11,000
Profit and loss account			644,033		628,939
Shareholders' funds			655,033		639,939

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 1 June 2026, and are signed on its behalf by:

PARRY, Timothy
Director
Registered Company No. 05463619

LOUGHTON PHOTOGRAPHIC HOLDINGS LIMITED

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover represents rental income receivable.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	25	-
Office Equipment	-	3

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 November 24	959	8,230	9,189
Additions	-	1,099	1,099
At 31 October 25	959	9,329	10,288
Depreciation and impairment
At 01 November 24	521	7,162	7,683
Charge for year	110	1,014	1,124
At 31 October 25	631	8,176	8,807
Net book value
At 31 October 25	328	1,153	1,481
At 31 October 24	438	1,068	1,506

4.	Investment property
	The investment property was valued by the directors on 31 October 2025 at fair value. The value is not based on a valuation by an independent valuer who holds a relevant professional qualification, but has been valued by looking at similar properties in the local area and applying commercial property price indices to the original cost. The original historical cost of the property was £1,263,174. As the original cost is greater than the valuation on 31 October 2025, no deferred tax is accrued for.

Investment property

The investment property was valued by the directors on 31 October 2025 at fair value. The value is not based on a valuation by an independent valuer who holds a relevant professional qualification, but has been valued by looking at similar properties in the local area and applying commercial property price indices to the original cost.

The original historical cost of the property was £1,263,174. As the original cost is greater than the valuation on 31 October 2025, no deferred tax is accrued for.


		£
	Fair value at 01 November 24	750,000
	At 31 October 25	750,000

5.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 November 24	100	100
At 31 October 25	100	100
Net book value
At 31 October 25	100	100
At 31 October 24	100	100

	Notes
	¹Investments in group undertakings and participating interests

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by group undertakings	695	635
Prepayments and accrued income	981	3,311
Total	1,676	3,946

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	519	19
Taxation and social security	2,800	-
Other creditors	93,417	113,894
Accrued liabilities and deferred income	7,591	6,986
Total	104,327	120,899

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	370	376
Total	370	376

9.	Related party transactions
	Included in creditors is £78,417 (2024: £98,894) contributed by the directors. The loans are interest free and repayable on demand.

10.	Controlling party
	The controlling party is T Parry, director and majority shareholder.