I agree with Mitiempo about the boat ID. I doubt it is a 'Lloyd's' - I suspect that this refers to it being built to Lloyd's standards - which is a good thing - and is tied in some fashion to the famous marine insurance house in England.
I would not suggest that this is not a good deal, it may well be. Have you done lots of looking around? There are lots of decent available with prices starting at $0. If you have not checked yachtworld.com, have a look and search for boats from 20 to 25' and from $500 to $2000 and see what you like. I saw a Catalina 22 for $1000 and a C&C 24 for $2000. Note that Yachtworld is not the best place to look for real bargains since they are being sold through a broker. Keep looking at eBay and Craigslist and at bulletin boards at sailing clubs for the real deals.
Good luck with it.
Finished the circumnavigation in early February in Grenada. Have to work on a book project for the next several months so the boat will be waiting for next year.