Company Registration No. 00524953 (England and Wales)
W.d.lofthouse Property Limited
Unaudited accounts
for the year ended 31 March 2026
W.d.lofthouse Property Limited
Unaudited accounts
Contents
W.d.lofthouse Property Limited
Company Information
for the year ended 31 March 2026
Directors
S B Clarke
C W D Lofthouse
R A O'Shea
M J Power
Company Number
00524953 (England and Wales)
Registered Office
2a Harwood Road
Fulham
London
SW6 4PH
W.d.lofthouse Property Limited
Statement of financial position
as at 31 March 2026
Tangible assets
9,401,916
10,727,001
Cash at bank and in hand
233,050
129,173
Creditors: amounts falling due within one year
(180,245)
(172,061)
Net current assets/(liabilities)
89,102
(20,507)
Total assets less current liabilities
9,491,018
10,706,494
Creditors: amounts falling due after more than one year
(213,759)
(259,549)
Provisions for liabilities
Deferred tax
(1,737,513)
(2,068,700)
Net assets
7,539,746
8,378,245
Called up share capital
1,000
1,000
Revaluation reserve
5,950,953
6,944,513
Capital contribution reserve
538,370
538,370
Profit and loss account
1,049,423
894,362
Shareholders' funds
7,539,746
8,378,245
For the year ending 31 March 2026 the company was entitled to exemption from audit 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 and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2026 and were signed on its behalf by
S B Clarke
Director
Company Registration No. 00524953
W.d.lofthouse Property Limited
Notes to the Accounts
for the year ended 31 March 2026
W.d.lofthouse Property Limited is a private company, limited by shares, registered in England and Wales, registration number 00524953. The registered office is 2a Harwood Road, Fulham, London, SW6 4PH.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Turnover relates to income receivable from letting of commercial and residential properties.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Per annum on a reducing balance basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted.
W.d.lofthouse Property Limited
Notes to the Accounts
for the year ended 31 March 2026
Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortised cost, net of impairment.
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.
Interest-bearing borrowings
Interest bearing borrowings are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, interest bearing borrowings are stated at amortised cost with any difference between the amount initially recognised and redemption value being recognised in th estatement of comprehensive income over the period of borrowings, together with any interest and fees payable, using the effective interest method.
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Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2025
10,724,747
55,617
10,780,364
Additions
(1,324,747)
-
(1,324,747)
At 31 March 2026
9,400,000
55,617
9,455,617
At 1 April 2025
-
53,363
53,363
Charge for the year
-
338
338
At 31 March 2026
-
53,701
53,701
At 31 March 2026
9,400,000
1,916
9,401,916
At 31 March 2025
10,724,747
2,254
10,727,001
The freehold properties, 225 Munster Road, SW6 6BU, 282A Harwood Road and Flats 1-3 Harwood Mansions SW6 4PH and 49-51 Fulham High Street, SW6 3JJ were valued in October 2017 and January 2018 at £6,433,975 by J.M. Commercial Limited and Vail Williams, independent firms of Chartered Surveyors, on an open market existing use basis. The properties were revalued by the directors and they estimate the valuations at 31st March 2026 as above at a cost of £1,711,531 (2025 - £1,711,531).
Amounts falling due after more than one year
Trade debtors
28,997
13,460
W.d.lofthouse Property Limited
Notes to the Accounts
for the year ended 31 March 2026
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Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
56,580
66,580
Trade creditors
29,639
32,575
Taxes and social security
83,870
64,506
Other creditors
8,450
8,400
Included within other creditors is an amount of £nil (2025 - £Nil) relating to social security and other taxes. The bank loan is secured by a charge over the company's assets of 49-51 Fulham High Street, London SW6 3JJ.
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Creditors: amounts falling due after more than one year
2026
2025
Bank loans
213,759
259,549
The bank loan secured by a charge over the company's assets of 49-51 Fulham High Street, London SW6 3JJ.
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Transactions with related parties
C.W.D. Lofthouse, M.J. Power, R.A. O'Shea and S.B. Clarke are directors of the company and own 10.2%, 16.6%, 10.3% and 16.6% respectively of the issued share capital of the company.
Dividends were paid to directors and family members as follows:-
C.W.D. Lofthouse - £9,180 (2025 - £9,180)
M.J. Power - £14,940 (2025 - £14,940)
R.A. O'Shea £9,270 (2025 - £9,270)
S.B. Clarke - £14,940 (2025 - £14,940)
Family members - £41,670 (2025 - £41,670)
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Average number of employees
During the year the average number of employees was 4 (2025: 4).