REGISTERED NUMBER: 02386434 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Loadace Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J White

Mrs A Underhill

Mrs S Ling

SECRETARY:

Mrs S Ling

REGISTERED OFFICE:

Woodlands

Staplegrove

Taunton

Somerset

TA2 6AL

REGISTERED NUMBER:

02386434 (England and Wales)

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

50

50

Investment property

6

17,588,970

16,373,892

17,589,020

16,373,942

CURRENT ASSETS

Debtors

7

831,238

843,205

Cash at bank

152,178

86,158

983,416

929,363

CREDITORS

Amounts falling due within one year

8

516,865

646,400

NET CURRENT ASSETS

466,551

282,963

TOTAL ASSETS LESS CURRENT LIABILITIES

18,055,571

16,656,905

CREDITORS

Amounts falling due after more than one year

9

(3,800,000

)

(4,101,671

)

PROVISIONS FOR LIABILITIES

11

(572,044

)

(266,108

)

NET ASSETS

13,683,527

12,289,126

CAPITAL AND RESERVES

Called up share capital

200,000

200,000

Other reserves

2,352,231

1,377,183

Retained earnings

11,131,296

10,711,943

SHAREHOLDERS' FUNDS

13,683,527

12,289,126

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2026 and were signed on its behalf by:

Mrs A Underhill - Director

A J White - Director

Mrs S Ling - Director

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts due during the year, exclusive of Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on straight line basis

Investments in associates

Investments in associate undertakings are recognised at cost.

Investment property

Investment properties are initially recognised at cost and subsequently carried at fair value, determined annually by the Director who is not a professionally qualified valuer. Changes in fair values are recognised in the profit and loss.

The investment properties are subject to renovations or improvements at regular intervals. The cost of major renovations and improvements are capitalised and the carrying amounts of the replaced components are recognised in the profit and loss. The cost of maintenance, repairs and minor improvements is recognised in the profit and loss when incurred.

On disposal of an investment property, the difference between the disposal proceeds and the carrying amount is recognised in the profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2025

13,618

70,758

84,376

Disposals

(13,618

)

-

(13,618

)

At 31 March 2026

-

70,758

70,758

DEPRECIATION

At 1 April 2025

13,618

70,758

84,376

Eliminated on disposal

(13,618

)

-

(13,618

)

At 31 March 2026

-

70,758

70,758

NET BOOK VALUE

At 31 March 2026

-

-

-

At 31 March 2025

-

-

-

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 April 2025

and 31 March 2026

50

NET BOOK VALUE

At 31 March 2026

50

At 31 March 2025

50

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

16,373,892

Disposals

(115,000

)

Revaluations

1,330,078

At 31 March 2026

17,588,970

NET BOOK VALUE

At 31 March 2026

17,588,970

At 31 March 2025

16,373,892

The historical cost of the property investments is £14,664,695 with no accumulated depreciation. The property portfolio has been valued by the director Mr A J White who is not a professionally qualified valuer.

Fair value at 31 March 2026 is represented by:

£

Valuation in 2026

1,330,078

Valuation in 2025

603,444

Valuation in 2023

(868,532

)

Valuation in 2022

450,000

Valuation in 2020

1,409,285

Cost

14,664,695

17,588,970

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

26,971

27,132

Other debtors

800,433

812,337

Prepayments and accrued income

3,834

3,736

831,238

843,205

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

100,000

166,028

Trade creditors

594

708

Trade creditors -

Rents in advance

157,101

147,295

Corporation tax

145,680

138,282

Social security and other taxes

38,144

-

VAT

17,497

16,629

Other creditors

23,223

125,223

Security deposits

17,351

17,351

Directors' current accounts

4,939

4,939

Accruals and deferred income

12,336

29,945

516,865

646,400

The bank loans and overdraft facility are secured on the assets of the company.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

100,000

1,632,138

Bank loans - 2-5 years

3,700,000

457,549

Bank loans more 5 yr by instal

-

2,011,984

3,800,000

4,101,671

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

2,011,984

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

3,900,000

4,267,699

11.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

572,044

266,108

Deferred

tax

£

Balance at 1 April 2025

266,108

Provided during year

305,936

Balance at 31 March 2026

572,044

The deferred tax provision has been provided in connection with the potential tax due upon the revalued properties at 25%.

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £90,000 (2025 - £90,000) were paid to the directors .

A company in which Mr A J White is also a director.

Management charges of £10,000 (2025: £10,000) are included in the company's profit and loss account. During the year a loan of £102,000 has been repaid.

A company in which Mrs A Underhill is also a director.

Management charges of £10,000 (2025: £10,000) are included in the company's profit and loss account.

A company in which Mrs S Ling is also a director.

Management charges of £10,000 (2025: £10,000) are included in the company's profit and loss account.

A company in which Mr A J White and Mrs A Underhill are also directors.

Included in debtors is a loan repayable on demand of £800,433 (2025: £812,337). Interest is charged at 7% and the loan is repayable on demand.

13.	ULTIMATE CONTROLLING PARTY

There is no overall controlling party.