ACCOUNTS - Final Accounts preparation

Registered number: 16130810

Lovel Property Ltd

Financial statements

Information for filing with the registrar

31 December 2025


Lovel Property Ltd

Balance Sheet

as at 31 December 2025

		2025
Note		£

Fixed assets
Investment property	4		237,215
			237,215
Current assets
Cash at bank and in hand		2,986
		2,986
Creditors: amounts falling due within one year	5	(80,059)
Net current (liabilities)/assets			(77,073)
Total assets less current liabilities			160,142
Creditors: amounts falling due after more than one year	6		(168,636)

Net (liabilities)/assets			(8,494)

Capital and reserves
Called up share capital			1
Profit and loss account			(8,495)
Shareholders' deficit			(8,494)


Lovel Property Ltd

Balance Sheet (continued)

as at 31 December 2025

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 August 2026.

Simon Lovel

Director

Registered number: 16130810

The notes on pages 3 to 4 form part of these financial statements.


Lovel Property Ltd

Notes to the financial statements

for the period ended 31 December 2025

1.	General information

Lovel Property Ltd ("the company") is a private company limited by shares, incorporated and domicled in the United Kingdon and registered in England. The address of the registered office is 8 Thomas Street, South Shields, Tyne & Wear, United Kingdom, NE33 1PU.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

The turnover shown in the profit and loss account represents rental income receiveable during the period

2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

3.	Employees
	The average monthly number of employees, including directors, during the year was 1.

4.	Investment property

		Freehold investment property
		£
	Valuation
	Additions at cost	237,215
	At 31 December 2025	237,215

The director feels the property value is not materially different to the value it is currently held in the accounts.


Lovel Property Ltd

Notes to the financial statements

for the period ended 31 December 2025

5.	Creditors: amounts falling due within one year
		2025
		£

	Other creditors	78,859
	Accruals and deferred income	1,200
		80,059

6.	Creditors: amounts falling due after more than one year
		2025
		£

	Bank loans	168,636
		168,636