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REGISTERED NUMBER: 08683378 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2022

FOR

LINGFIELD LODGE LIMITED

LINGFIELD LODGE LIMITED (REGISTERED NUMBER: 08683378)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LINGFIELD LODGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2022







DIRECTOR: M P Bennett





REGISTERED OFFICE: Lingfield Lodge Farm
Marsh Green
Edenbridge
Kent
TN8 5QS





REGISTERED NUMBER: 08683378 (England and Wales)





ACCOUNTANTS: Spain Brothers & Co
Chartered Accountants
Westgate House
87 St Dunstans Street
Canterbury
Kent
CT2 8AE

LINGFIELD LODGE LIMITED (REGISTERED NUMBER: 08683378)

BALANCE SHEET
31ST DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,000 37,500
Investment property 5 1,246,985 887,863
1,279,985 925,363

CURRENT ASSETS
Debtors 6 414,566 685,541
Cash at bank 407 1,646
414,973 687,187
CREDITORS
Amounts falling due within one year 7 40,492 55,295
NET CURRENT ASSETS 374,481 631,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,654,466

1,557,255

PROVISIONS FOR LIABILITIES 6,270 7,125
NET ASSETS 1,648,196 1,550,130

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 1,648,096 1,550,030
SHAREHOLDERS' FUNDS 1,648,196 1,550,130

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2022 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.

LINGFIELD LODGE LIMITED (REGISTERED NUMBER: 08683378)

BALANCE SHEET - continued
31ST DECEMBER 2022


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 15th September 2023 and were signed by:





M P Bennett - Director


LINGFIELD LODGE LIMITED (REGISTERED NUMBER: 08683378)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2022


1. STATUTORY INFORMATION

Lingfield 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.

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


The company's functional currency is £ sterling.

The company's principal activities are management services and equipment and land rental.

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.

These accounting policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover in relation to services is recognised to the extent services have been provided.

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 - 10% on cost

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


LINGFIELD LODGE LIMITED (REGISTERED NUMBER: 08683378)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2022


2. ACCOUNTING POLICIES - continued
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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st January 2022
and 31st December 2022 45,000
DEPRECIATION
At 1st January 2022 7,500
Charge for year 4,500
At 31st December 2022 12,000
NET BOOK VALUE
At 31st December 2022 33,000
At 31st December 2021 37,500

LINGFIELD LODGE LIMITED (REGISTERED NUMBER: 08683378)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2022


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2022 887,863
Additions 359,122
At 31st December 2022 1,246,985
NET BOOK VALUE
At 31st December 2022 1,246,985
At 31st December 2021 887,863

Investment Property was valued on an open market basis on 31/12/2022 by the director.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 362,238 292,071
Directors' current accounts 28,635 233,816
Prepayments and accrued income 23,693 159,654
414,566 685,541

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Tax 24,796 38,221
VAT 12,896 13,274
Accruals and deferred income 2,800 3,800
40,492 55,295

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

LINGFIELD LODGE LIMITED (REGISTERED NUMBER: 08683378)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2022


9. RESERVES
Retained
earnings
£   

At 1st January 2022 1,550,030
Profit for the year 102,066
Dividends (4,000 )
At 31st December 2022 1,648,096

10. RELATED PARTY DISCLOSURES

During the year the company provided management services, equipment and land rental services to Lingfield Lodge Farm and Veterinary Clinic, a business in which the director is a partner. At the balance sheet date Lingfield Lodge Farm and Veterinary Clinic owed £362,238 (2021, £295,121) to the company which is included in debtors.