Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30false2022-12-01falseInvestment trading company22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11075888 2022-12-01 2023-11-30 11075888 2021-12-01 2022-11-30 11075888 2023-11-30 11075888 2022-11-30 11075888 c:Director1 2022-12-01 2023-11-30 11075888 d:CurrentFinancialInstruments 2023-11-30 11075888 d:CurrentFinancialInstruments 2022-11-30 11075888 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11075888 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 11075888 d:ShareCapital 2023-11-30 11075888 d:ShareCapital 2022-11-30 11075888 d:RetainedEarningsAccumulatedLosses 2023-11-30 11075888 d:RetainedEarningsAccumulatedLosses 2022-11-30 11075888 c:OrdinaryShareClass1 2022-12-01 2023-11-30 11075888 c:OrdinaryShareClass1 2023-11-30 11075888 c:OrdinaryShareClass1 2022-11-30 11075888 c:OrdinaryShareClass2 2022-12-01 2023-11-30 11075888 c:OrdinaryShareClass2 2023-11-30 11075888 c:OrdinaryShareClass2 2022-11-30 11075888 c:OrdinaryShareClass3 2022-12-01 2023-11-30 11075888 c:OrdinaryShareClass3 2023-11-30 11075888 c:OrdinaryShareClass3 2022-11-30 11075888 c:FRS102 2022-12-01 2023-11-30 11075888 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11075888 c:FullAccounts 2022-12-01 2023-11-30 11075888 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11075888 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 11075888 d:AcceleratedTaxDepreciationDeferredTax 2022-11-30 11075888 d:TaxLossesCarry-forwardsDeferredTax 2023-11-30 11075888 d:TaxLossesCarry-forwardsDeferredTax 2022-11-30 11075888 6 2022-12-01 2023-11-30 11075888 1 2023-11-30 11075888 1 2022-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11075888














LODGEPOLE PINE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  30 NOVEMBER 2023

 
LODGEPOLE PINE LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
LODGEPOLE PINE LIMITED
REGISTERED NUMBER:11075888

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
4,044,897
4,230,714

Current assets
  

Debtors: amounts falling due within one year
 5 
381
-

Cash at bank and in hand
  
1,180,635
1,064,089

  
1,181,016
1,064,089

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(3,936,156)
(4,206,100)

Net current liabilities
  
 
 
(2,755,140)
 
 
(3,142,011)

Total assets less current liabilities
  
1,289,757
1,088,703

Deferred tax
 7 
(8,154)
(56,670)

Net assets
  
1,281,603
1,032,033


Capital and reserves
  

Called up share capital 
 8 
1,000
1,000

Profit and loss account
 9 
1,280,603
1,031,033

  
1,281,603
1,032,033


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

Page 1

 
LODGEPOLE PINE LIMITED
REGISTERED NUMBER:11075888
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 July 2024.




D Green
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
LODGEPOLE PINE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Lodgepole Pine Limited is a private company, limited by shares, registered in England and Wales with its registered office address at Greystone House, Llanmaes, Llantwit Major, Vale of Glamorgan, CF61 2XR.
The principal activity of the company is that of investment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is £ Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.3

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
 - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
 - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Page 3

 
LODGEPOLE PINE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in listed company shares are remeasured to market value at each Statement of Financial Position date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income.  

 
2.5

Debtors

Short term debtors are measured at the transaction price.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short term creditors are measured at the transaction price. 

 
2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors and creditors and loans from related parties. 


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
LODGEPOLE PINE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Fixed asset investments





Listed investments

£



Valuation


At 1 December 2022
4,230,714


Additions
5,353,047


Disposals
(5,571,478)


Fair value movements
32,614



At 30 November 2023

4,044,897



Net book value



At 30 November 2023
4,044,897



At 30 November 2022
4,230,714


5.


Debtors

2023
2022
£
£


Prepayments and accrued income
381
-



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
82,256
-

Other creditors
3,848,500
4,200,700

Accruals and deferred income
5,400
5,400

3,936,156
4,206,100


Page 5

 
LODGEPOLE PINE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Deferred taxation




2023


£






At beginning of year
56,670


Released to profit or loss
(48,516)



At end of year
8,154

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Fair value movements
8,154
67,909

Tax losses carried forward
-
(11,239)

8,154
56,670


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10,000 (2022 - 10,000) Ordinary A shares of £0.01 each
100
100
10,000 (2022 - 10,000) Ordinary B shares of £0.01 each
100
100
80,000 (2022 - 80,000) Ordinary C shares of £0.01 each
800
800

1,000

1,000

Ordinary B and Ordinary C shares have no voting rights. They rank pari passu in all other respects.



9.


Reserves

The profit and loss reserves include non-distributable fair value adjustments amounting to £24,460 (2022 - £362,476).

 
Page 6