Registration number: 06505304

Louie Properties Limited

(Registration number: 06505304)
Statement of Financial Position as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	14,187	20,150
Investment property	5	9,100,000	8,000,000
		9,114,187	8,020,150
Current assets
Debtors	6	26,339	8,218
Cash at bank and in hand		155,218	298,598
		181,557	306,816
Creditors: Amounts falling due within one year	7	(1,139,227)	(1,450,356)
Net current liabilities		(957,670)	(1,143,540)
Total assets less current liabilities		8,156,517	6,876,610
Creditors: Amounts falling due after more than one year	7	(2,033,273)	(2,134,768)
Provisions for liabilities		(974,094)	(700,060)
Net assets		5,149,150	4,041,782
Capital and reserves
Called up share capital		100	2
Other reserves		3,252,840	2,426,366
Retained earnings		1,896,210	1,615,414
Shareholders' funds		5,149,150	4,041,782

Louie Properties Limited

(Registration number: 06505304)
Statement of Financial Position as at 31 July 2025

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 15 July 2026 and signed on its behalf by:
 

......................................... Mrs A Babuta Company secretary and director

Louie Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Louie House, Dunston Industrial Estate
Lancaster Road
Dunston
Gateshead
Tyne & Wear
NE11 9JN

These financial statements were authorised for issue by the Board on 15 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for the rental of properties, stated net of discounts and of Value Added Tax.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Louie Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	20% straight line
Office equipment	33.33% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Louie Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 4).

4	Tangible assets

	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 August 2024	-	34,544	34,544
Additions	1,336	-	1,336
At 31 July 2025	1,336	34,544	35,880
Depreciation
At 1 August 2024	-	14,394	14,394
Charge for the year	390	6,909	7,299
At 31 July 2025	390	21,303	21,693
Carrying amount
At 31 July 2025	946	13,241	14,187
At 31 July 2024	-	20,150	20,150

5	Investment properties

	2025 £
At 1 August	8,000,000
Disposals	(2,000)
Fair value adjustments	1,102,000
At 31 July	9,100,000

Investment properties were revalued by the directors at 31 July 2025 based on their experience in the property market and on the expectation of the future rental incomes that are likely to be achieved.

There has been no valuation of investment property by an independent valuer.

6

Debtors

Louie Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Current	2025 £	2024 £
Trade debtors	10,448	(1,923)
Prepayments	12,002	6,253
Other debtors	3,889	3,888
	26,339	8,218

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		106,722	106,978
Trade creditors		42,937	217,254
Taxation and social security		123,908	108,765
Accruals and deferred income		276,454	472,805
Other creditors		589,206	544,554
		1,139,227	1,450,356

Creditors include bank loans of £56,694 (2024 - £53,148) secured by a fixed charge on the property of the company and a debenture over the assets of the company and net obligations under finance lease and hire purchase contracts of £4,195 (2024 - £3,829) which are secured on the assets concerned and repayable by instalments.

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		2,033,273	2,134,768

	2025 £	2024 £
Due after more than five years
After more than five years by instalments	263,705	318,274
After more than five years not by instalments	705,090	705,090
	968,795	1,023,364