R. Loades Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00597932

R. Loades Limited

Unaudited financial statements

For the year ended

31 March 2026

R. Loades Limited

Statement of financial position

31 March 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	5		375,962		196,647

Current assets

Debtors	6	1,599	1,191
Cash at bank and in hand		56,957	63,687
		-------	-------
		58,556	64,878

Creditors: Amounts falling due within one year	7	( 13,217)		( 13,283)
		-------		-------
Net current assets			45,339		51,595
			---------		---------
Total assets less current liabilities			421,301		248,242
			---------		---------
Net assets			421,301		248,242
			---------		---------

Capital and reserves

Called up share capital	5,000	5,000
Revaluation reserve	318,804	141,963
Profit and loss account	97,497	101,279
	---------	---------
Shareholders funds	421,301	248,242
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

R. Loades Limited

Statement of financial position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 15 October 2026 , and are signed on behalf of the board by:

B R Loades	H Loades
Director	Director

K Rowland
Director

Company registration number: 00597932

R. Loades Limited

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 24 Orchard Avenue, Lowestoft, England, NR33 9PD. The company's trading address is Coast Road Chalet Estate, Bacton, Norfolk, NR12 0EP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	Freehold property is not depreciated.
Equipment	-	25% reducing balance

Freehold property is included at fair value and so is not depreciated.

4. Employee numbers

The average number of employees during the year was 2 (2025: 2 ).

5. Tangible assets

	Freehold property	Equipment	Total
	£	£	£
Cost or valuation
At 1 April 2025	198,159	–	198,159
Additions	–	1,099	1,099
Revaluations	176,841	–	176,841
	---------	------	---------
At 31 March 2026	375,000	1,099	376,099
	---------	------	---------
Depreciation
At 1 April 2025	1,512	–	1,512
Charge for the year	–	137	137
Disposals	( 1,512)	–	( 1,512)
	---------	------	---------
At 31 March 2026	–	137	137
	---------	------	---------
Carrying amount
At 31 March 2026	375,000	962	375,962
	---------	------	---------
At 31 March 2025	196,647	–	196,647
	---------	------	---------

Tangible assets held at valuation

Freehold property is included at fair value which has been taken as the market value as provided by Brown & Co at 10 December 2025 .

6. Debtors

	2026	2025
	£	£
Trade debtors	832	460
Other debtors	767	731
	------	------
	1,599	1,191
	------	------

7. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Trade creditors	1,800	1,429
Social security and other taxes	9,088	9,401
Other creditors	2,329	2,453
	-------	-------
	13,217	13,283
	-------	-------