Company No: 11891969 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Directors	Ms R C Mottram
	Mr D C Ridler

Registered office	Mill House Seaford Road
	Alfriston
	Polegate
	BN26 5TP
	United Kingdom

Company number

11891969 (England and Wales)

Accountant	Kreston Reeves LLP
	2nd Floor
	168 Shoreditch High Street
	London
	E1 6RA

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	5,239,500		5,239,500
Investments	4	1,002		1,002
		5,240,502		5,240,502
Current assets
Cash at bank and in hand	5	4,834		4,604
		4,834		4,604
Creditors: amounts falling due within one year	6	( 1,938,581)		( 1,560,426)
Net current liabilities		(1,933,747)		(1,555,822)
Total assets less current liabilities		3,306,755		3,684,680
Creditors: amounts falling due after more than one year	7	( 2,408,043)		( 3,069,082)
Net assets		898,712		615,598
Capital and reserves
Called-up share capital	8	1,002		1,002
Profit and loss account		897,710		614,596
Total shareholders' funds		898,712		615,598

For the financial year ending 30 April 2026 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Lovely Holdings Ltd (registered number: 11891969) were approved and authorised for issue by the Board of Directors on 30 July 2026. They were signed on its behalf by:

Ms R C Mottram Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lovely Holdings Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Mill House Seaford Road, Alfriston, Polegate, BN26 5TP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings

not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Land and buildings		Total
	£		£
Cost
At 01 May 2025	5,239,500		5,239,500
At 30 April 2026	5,239,500		5,239,500
Accumulated depreciation
At 01 May 2025	0		0
At 30 April 2026	0		0
Net book value
At 30 April 2026	5,239,500		5,239,500
At 30 April 2025	5,239,500		5,239,500

Freehold property has not been depreciated as in the directors' opinion this has a remaining useful economic life in excess of 50 years.

4. Fixed asset investments

Investments in subsidiaries

	2026
	£
Cost
At 01 May 2025	1,002
At 30 April 2026	1,002
Carrying value at 30 April 2026	1,002
Carrying value at 30 April 2025	1,002

5. Cash and cash equivalents

	2026		2025
	£		£
Cash at bank and in hand	4,834		4,604

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	466,135		89,126
Amounts owed to Group undertakings	1,392,638		976,204
Amounts owed to directors	66,997		482,170
Accruals	2,049		1,751
Other taxation and social security	10,762		11,175
	1,938,581		1,560,426

7. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans (secured £ 2,899,800)	2,408,043		3,069,082

The bank loan is secured by a fixed and floating charge over the assets of the company.

8. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
1,002 Ordinary shares of £ 1.00 each	1,002		1,002

9. Related party transactions

The company has a fully owned subsidiary Lovely Pubs Limited in which the directors, Ms R Mottram and Mr D Ridler are also directors. The board of directors control the company by virtue of holding 100% of the issued share capital.

During the year the company received loans totalling £716,434 and received rental payments of £168,000 from Lovely Pubs Limited. Each transaction took place at arm's length basis and at prevailing market rates. At the balance sheet date included in Creditors: amounts falling due within one year under amounts owed to group undertakings was a balance of £1,392,638 (2025: £976,204) due to Lovely Pubs Limited.

At the balance date included in Creditors: amounts falling due within one year were loans from the directors of £66,997 (2025: £482,170). These loans are interest free and repayable on demand.