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REGISTERED NUMBER: 04376150 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Lodgewood Properties Limited

Lodgewood Properties Limited (Registered number: 04376150)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Lodgewood Properties Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mrs E Bush
V G Bush
Ms S L Lawton





SECRETARY: Ms S L Lawton





REGISTERED OFFICE: The Lodge
Westwood Road
Beverley
East Yorkshire
HU17 8EN





REGISTERED NUMBER: 04376150 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Chartered Accountants
Suite 1, The Riverside Building
Livingstone Road
Hessle,
Hull
HU13 0DZ

Lodgewood Properties Limited (Registered number: 04376150)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32 303
Investment property 5 850,000 850,000
850,032 850,303

CURRENT ASSETS
Debtors 6 2,298 1,752
Cash at bank 27,013 66,225
29,311 67,977
CREDITORS
Amounts falling due within one year 7 21,976 10,256
NET CURRENT ASSETS 7,335 57,721
TOTAL ASSETS LESS CURRENT
LIABILITIES

857,367

908,024

PROVISIONS FOR LIABILITIES 15,328 15,379
NET ASSETS 842,039 892,645

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 224,028 224,028
Retained earnings 618,009 668,615
SHAREHOLDERS' FUNDS 842,039 892,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Lodgewood Properties Limited (Registered number: 04376150)

Balance Sheet - continued
28 February 2023


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 Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:





Mrs E Bush - Director


Lodgewood Properties Limited (Registered number: 04376150)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Lodgewood Properties 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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

Turnover
Revenue comprises the fair value of the consideration received or receivable for rents received and services provided in the ordinary course of the company's activities. Revenue is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities as described below.
The company provides property by way of leasehold to other organisations, these services are provided on a fixed amount contract for a set period of time.

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 etc - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Lodgewood Properties Limited (Registered number: 04376150)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2022
and 28 February 2023 822
DEPRECIATION
At 1 March 2022 519
Charge for year 271
At 28 February 2023 790
NET BOOK VALUE
At 28 February 2023 32
At 28 February 2022 303

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 850,000
NET BOOK VALUE
At 28 February 2023 850,000
At 28 February 2022 850,000

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2006 394,351
Cost 455,649
850,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,298 1,752

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 217 101
Other creditors 21,759 10,155
21,976 10,256

Lodgewood Properties Limited (Registered number: 04376150)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


8. RESERVES
Fair
value
reserve
£   
At 1 March 2022
and 28 February 2023 224,028

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Lodgewood Properties Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lodgewood Properties Limited for the year ended 28 February 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Lodgewood Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lodgewood Properties Limited and state those matters that we have agreed to state to the Board of Directors of Lodgewood Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lodgewood Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lodgewood Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Lodgewood Properties Limited. You consider that Lodgewood Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lodgewood Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Harris Lacey and Swain
Chartered Accountants
Suite 1, The Riverside Building
Livingstone Road
Hessle,
Hull
HU13 0DZ


18 October 2023