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REGISTERED NUMBER: 12019407 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Higher House Lodge Park Ltd

Higher House Lodge Park Ltd (Registered number: 12019407)






Contents of the Financial Statements
for the year ended 31 May 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Higher House Lodge Park Ltd

Company Information
for the year ended 31 May 2023







DIRECTOR: S Green





REGISTERED OFFICE: Higher House
Higher Farm
Paythorne
Clitheroe
Lancashire
BB7 4JD





REGISTERED NUMBER: 12019407 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

Higher House Lodge Park Ltd (Registered number: 12019407)

Abridged Balance Sheet
31 May 2023

31/5/23 31/5/22
Notes £    £   
CURRENT ASSETS
Debtors 104,498 20,154
Cash at bank and in hand 347,672 355,758
452,170 375,912
CREDITORS
Amounts falling due within one year 286,854 376,192
NET CURRENT ASSETS/(LIABILITIES) 165,316 (280 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,316

(280

)

CAPITAL AND RESERVES
Called up share capital 4 2 2
Retained earnings 165,314 (282 )
SHAREHOLDERS' FUNDS 165,316 (280 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 15 February 2024 and were signed by:



S Green - Director


Higher House Lodge Park Ltd (Registered number: 12019407)

Notes to the Financial Statements
for the year ended 31 May 2023

1. STATUTORY INFORMATION

Higher House Lodge Park Ltd 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.

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

The company operates a holiday lodge park and charges lodge owners rental and services charges. Revenue is recognised in the accounting period in which the services are rendered when the outcome of contract can be estimated reliably. The company uses the percentage of completion method based on the actual service performed as a percentage of the total services to be provided. Revenue on the sale of lodges is recognised when the lodges are installed on site and completed.

Basic financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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.

Higher House Lodge Park Ltd (Registered number: 12019407)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/23 31/5/22
value: £    £   
2 Ordinary £1 2 2