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REGISTERED NUMBER: 11046430 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

STANDISH LODGE LIMITED

STANDISH LODGE LIMITED (REGISTERED NUMBER: 11046430)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STANDISH LODGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2021







DIRECTOR: E C Lister





REGISTERED OFFICE: 2 Back Grafton Street
Altrincham
WA14 1DY





REGISTERED NUMBER: 11046430 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

STANDISH LODGE LIMITED (REGISTERED NUMBER: 11046430)

BALANCE SHEET
30 NOVEMBER 2021

30/11/21 30/11/20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,565 6,348
Investment property 5 1,120,000 940,643
1,125,565 946,991

CURRENT ASSETS
Debtors 6 56,300 25,060
Cash at bank and in hand 9,664 13,260
65,964 38,320
CREDITORS
Amounts falling due within one year 7 1,066,115 1,000,814
NET CURRENT LIABILITIES (1,000,151 ) (962,494 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,414

(15,503

)

PROVISIONS FOR LIABILITIES 23,836 -
NET ASSETS/(LIABILITIES) 101,578 (15,503 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Fair value reserve 9 83,572 -
Retained earnings 9 18,005 (15,504 )
SHAREHOLDERS' FUNDS 101,578 (15,503 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

STANDISH LODGE LIMITED (REGISTERED NUMBER: 11046430)

BALANCE SHEET - continued
30 NOVEMBER 2021


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 director and authorised for issue on 8 August 2022 and were signed by:





E C Lister - Director


STANDISH LODGE LIMITED (REGISTERED NUMBER: 11046430)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1. STATUTORY INFORMATION

Standish Lodge 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.

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 rental income received, excluding value added tax, where applicable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on reducing balance

Investment property
Investment property is initially measured at cost, including transaction costs.

Subsequently investment property is measured at fair value. Any gains or losses arising from changes in fair value is recognised in the profit and loss account.

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.

Going concern
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus continues to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

STANDISH LODGE LIMITED (REGISTERED NUMBER: 11046430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 December 2020 6,605 - 6,605
Additions - 638 638
At 30 November 2021 6,605 638 7,243
DEPRECIATION
At 1 December 2020 257 - 257
Charge for year 1,321 100 1,421
At 30 November 2021 1,578 100 1,678
NET BOOK VALUE
At 30 November 2021 5,027 538 5,565
At 30 November 2020 6,348 - 6,348

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2020 940,643
Additions 76,182
Revaluations 103,175
At 30 November 2021 1,120,000
NET BOOK VALUE
At 30 November 2021 1,120,000
At 30 November 2020 940,643

The investment property was valued on an open market basis on 28 June 2022 by Bruton Knowles LLP

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/21 30/11/20
£    £   
Trade debtors 56,000 -
VAT - 21,433
Deferred tax asset - 3,627
Prepayments and accrued income 300 -
56,300 25,060

STANDISH LODGE LIMITED (REGISTERED NUMBER: 11046430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/21 30/11/20
£    £   
Trade creditors 4,448 7,918
VAT 10,805 -
Other creditors 90,000 90,000
Amounts owed to related
parties 450,189 440,109
Directors' current accounts 491,528 401,234
Accrued expenses 19,145 61,553
1,066,115 1,000,814

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30/11/21 30/11/20
value: £    £   
1 Ordinary 1 1 1

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 December 2020 (15,504 ) - (15,504 )
Profit for the year 117,081 117,081
Transfer between reserves (83,572 ) 83,572 -
At 30 November 2021 18,005 83,572 101,577

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the director £491,528 (2020: £401,234). The amount is repayable on demand and no interest has been charged.

11. RELATED PARTY DISCLOSURES

Planit I.E Limited is deemed a related party. During the year various monies have been loaned from Planit I.E Limited. Included in creditors as at 30 November 2021 is an amount of £236,971 (2020: £231,833) owed to Planit I.E Limited. This amount is repayable on demand and no interest has been charged.

Grafton LLP is deemed a related party. Included in creditors as at 30 November 2021 is an amount of £213,218 (2020: £208,276) owed to Grafton LLP. Interest totalling £4,942 has been charged during the year. The amount outstanding as at 30 November 2021 is repayable on demand.