0 false false false false false false false false false true false false false false false false No description of principal activity 2022-11-01 Sage Accounts Production Advanced 2021 - FRS102_2021 15,000 279 637 14,642 14,642 15,000 xbrli:pure xbrli:shares iso4217:GBP 13655311 2022-11-01 2023-10-31 13655311 2023-10-31 13655311 2022-10-31 13655311 bus:Director1 2022-11-01 2023-10-31 13655311 core:WithinOneYear 2023-10-31 13655311 core:WithinOneYear 2022-10-31 13655311 core:ShareCapital 2023-10-31 13655311 core:ShareCapital 2022-10-31 13655311 core:RetainedEarningsAccumulatedLosses 2023-10-31 13655311 core:RetainedEarningsAccumulatedLosses 2022-10-31 13655311 core:CostValuation core:Non-currentFinancialInstruments 2022-10-31 13655311 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-10-31 13655311 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2023-10-31 13655311 core:CostValuation core:Non-currentFinancialInstruments 2023-10-31 13655311 core:Non-currentFinancialInstruments 2023-10-31 13655311 core:Non-currentFinancialInstruments 2022-10-31 13655311 bus:SmallEntities 2022-11-01 2023-10-31 13655311 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 13655311 bus:FullAccounts 2022-11-01 2023-10-31 13655311 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 13655311 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31
COMPANY REGISTRATION NUMBER: 13655311
Lodgepad Properties Limited
Filleted Unaudited Financial Statements
31 October 2023
Lodgepad Properties Limited
Balance Sheet
31 October 2023
2023
2022
Note
£
£
£
£
Fixed assets
Investments
4
14,642
15,000
Current assets
Debtors
5
26,761
26,880
Cash at bank and in hand
31,056
32,831
--------
--------
57,817
59,711
Creditors: amounts falling due within one year
6
( 78,378)
( 77,816)
--------
--------
Net current liabilities
( 20,561)
( 18,105)
--------
--------
Total assets less current liabilities
( 5,919)
( 3,105)
-------
-------
Net liabilities
( 5,919)
( 3,105)
-------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 6,019)
( 3,205)
-------
-------
Shareholders deficit
( 5,919)
( 3,105)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Lodgepad Properties Limited
Balance Sheet (continued)
31 October 2023
These financial statements were approved by the board of directors and authorised for issue on 12 March 2024 , and are signed on behalf of the board by:
Mr M I Dowbiggin
Director
Company registration number: 13655311
Lodgepad Properties Limited
Notes to the Financial Statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Forge, Bowling Green Yard, Kirkgate, Knaresborough, HG5 8LF.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The director has considered the companies ability to continue its operations and believes the company will continue to operate on a going concern basis into the future.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.
4. Investments
Other investments other than loans
£
Cost
At 1 November 2022
15,000
Additions
279
Revaluations
( 637)
--------
At 31 October 2023
14,642
--------
Impairment
At 1 November 2022 and 31 October 2023
--------
Carrying amount
At 31 October 2023
14,642
--------
At 31 October 2022
15,000
--------
5. Debtors
2023
2022
£
£
Other debtors
26,761
26,880
--------
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
78,378
77,816
--------
--------