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REGISTERED NUMBER: 12214321 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

PINECROFT LODGES LIMITED

PINECROFT LODGES LIMITED (REGISTERED NUMBER: 12214321)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PINECROFT LODGES LIMITED

COMPANY INFORMATION
For The Year Ended 31 July 2023







DIRECTORS: Mr P A Green
Mr O Green
Mr A Green





REGISTERED OFFICE: Pinecroft, Ingleton
Carnforth
LA6 3DP





REGISTERED NUMBER: 12214321 (England and Wales)





ACCOUNTANTS: Fortus North Limited
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

PINECROFT LODGES LIMITED (REGISTERED NUMBER: 12214321)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 90,000 105,000
Tangible assets 5 1,445,336 1,419,279
1,535,336 1,524,279

CURRENT ASSETS
Debtors 6 1,686 1,533
Cash at bank and in hand 84,160 101,346
85,846 102,879
CREDITORS
Amounts falling due within one year 7 1,608,804 1,614,786
NET CURRENT LIABILITIES (1,522,958 ) (1,511,907 )
TOTAL ASSETS LESS CURRENT LIABILITIES 12,378 12,372

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 11,378 11,372
12,378 12,372

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

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

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 27 March 2024 and were signed on its behalf by:





Mr O Green - Director


PINECROFT LODGES LIMITED (REGISTERED NUMBER: 12214321)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2023


1. STATUTORY INFORMATION

Pinecroft Lodges 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

PINECROFT LODGES LIMITED (REGISTERED NUMBER: 12214321)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 150,000
AMORTISATION
At 1 August 2022 45,000
Amortisation for year 15,000
At 31 July 2023 60,000
NET BOOK VALUE
At 31 July 2023 90,000
At 31 July 2022 105,000

5. TANGIBLE FIXED ASSETS
Improvements
Freehold Long to
property leasehold property
£    £    £   
COST
At 1 August 2022 1,077,664 300,000 19,586
Additions - - 36,730
Disposals - - -
At 31 July 2023 1,077,664 300,000 56,316
DEPRECIATION
At 1 August 2022 - - 4,897
Charge for year - - 12,854
Eliminated on disposal - - -
Charge written back - - -
At 31 July 2023 - - 17,751
NET BOOK VALUE
At 31 July 2023 1,077,664 300,000 38,565
At 31 July 2022 1,077,664 300,000 14,689

PINECROFT LODGES LIMITED (REGISTERED NUMBER: 12214321)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2023


5. TANGIBLE FIXED ASSETS - continued

Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 42,049 7,551 2,898 1,449,748
Additions 6,602 3,807 499 47,638
Disposals - (408 ) - (408 )
At 31 July 2023 48,651 10,950 3,397 1,496,978
DEPRECIATION
At 1 August 2022 20,447 3,765 1,360 30,469
Charge for year 7,051 2,254 849 23,008
Eliminated on disposal - (102 ) - (102 )
Charge written back - (1,733 ) - (1,733 )
At 31 July 2023 27,498 4,184 2,209 51,642
NET BOOK VALUE
At 31 July 2023 21,153 6,766 1,188 1,445,336
At 31 July 2022 21,602 3,786 1,538 1,419,279

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,373 1,120
Other debtors 313 413
1,686 1,533

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,589 5,413
VAT 5,790 7,605
Other creditors 1,199,917 1,199,926
Directors' current accounts 400,467 400,467
Accrued expenses 41 1,375
1,608,804 1,614,786

PINECROFT LODGES LIMITED (REGISTERED NUMBER: 12214321)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2023


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
Mr P A Green
Balance outstanding at start of year 200,234 200,234
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 200,234 200,234

Mr A Green
Balance outstanding at start of year 200,234 200,234
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 200,234 200,234

9. RELATED PARTY DISCLOSURES

Included within Other Creditors is £1,199,250 due to a company under control by a Director.