Registration number: 05449720 (England & Wales)

Lokaz Limited

(Registration number: 05449720)
Balance Sheet as at 31 July 2026

	Note	2026 £	2025 £
Fixed assets
Investment property	4	1,765,000	1,765,000
Other financial assets	5	495,773	-
		2,260,773	1,765,000
Current assets
Debtors	6	738,721	710,638
Cash at bank and in hand		2,224,524	2,724,347
		2,963,245	3,434,985
Creditors: Amounts falling due within one year	7	(82,746)	(71,851)
Net current assets		2,880,499	3,363,134
Total assets less current liabilities		5,141,272	5,128,134
Deferred tax liabilities	8	(94,424)	(94,424)
Net assets		5,046,848	5,033,710
Capital and reserves
Called up share capital		20,000	20,000
Capital redemption reserve		5,000	5,000
Revaluation reserve		499,034	499,034
Retained earnings		4,522,814	4,509,676
Shareholders' funds		5,046,848	5,033,710

For the financial year ending 31 July 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 October 2026 and signed on its behalf by:
 

L C Lythgoe Director

Lokaz Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
10 Grovelands Close
Charlton Kings
Cheltenham
GL53 8BS

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Judgements and key sources of estimation uncertainty

No significant judgements or key sources of estimation uncertainty have been made by management in preparing these financial statements.

Revenue recognition

Turnover comprises amounts charged, net of value added tax, in respect of rental income and recharges.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate.

Lokaz Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for rental income and recharges.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Impairment
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 profit or loss.

Lokaz Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

4

Investment properties

	2026 £
At 1 August 2025 and 31 July 2026	1,765,000

The directors have considered the value of the investment property at the end of the financial year.

The historical cost of the properties is £1,171,542 (2025: £1,171,542).

Lokaz Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

5

Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
Additions	500,000	500,000
Fair value adjustments	(4,227)	(4,227)
At 31 July 2026	495,773	495,773
Impairment
Carrying amount
At 31 July 2026	495,773	495,773

6

Debtors

	2026 £	2025 £
Trade debtors	5,521	5,308
Prepayments	4,601	4,423
Other debtors	728,599	700,907
	738,721	710,638

7

Creditors

	2026 £	2025 £
Due within one year
Taxation and social security	46,901	39,259
Accruals and deferred income	35,845	32,592
	82,746	71,851

8

Deferred tax

Deferred tax assets and liabilities

2026	Liability £
Revaluation of property	94,424