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REGISTERED NUMBER: 13272350 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Lundforest Partnership Limited

Lundforest Partnership Limited (Registered number: 13272350)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Lundforest Partnership Limited

Company Information
for the Year Ended 31 March 2024







Directors: Mrs. A Knaggs
Mr J Knaggs
Mrs S Ireland
Mr. G R Featherstone





Registered office: West Farm
Ryton
Malton
North Yorkshire
YO17 6XU





Registered number: 13272350 (England and Wales)





Accountants: Ullyott Limited
6 George Street
Driffield
East Yorkshire
YO25 6RA

Lundforest Partnership Limited (Registered number: 13272350)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 518,704 272,461

CURRENT ASSETS
Stocks 23,829 20,869
Debtors 5 3,239 5,443
Cash at bank 28,530 39,025
55,598 65,337
CREDITORS
Amounts falling due within one year 6 36,445 32,141
NET CURRENT ASSETS 19,153 33,196
TOTAL ASSETS LESS CURRENT
LIABILITIES

537,857

305,657

CREDITORS
Amounts falling due after more than one
year

7

(223,285

)

(254,132

)

PROVISIONS FOR LIABILITIES (13,934 ) (10,461 )
NET ASSETS 300,638 41,064

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 300,538 40,964
SHAREHOLDERS' FUNDS 300,638 41,064

Lundforest Partnership Limited (Registered number: 13272350)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:





Mrs. A Knaggs - Director


Lundforest Partnership Limited (Registered number: 13272350)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Lundforest Partnership 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.

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

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 - 10% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Lundforest Partnership Limited (Registered number: 13272350)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 187,377 113,037 300,414
Additions 7,992 5,663 13,655
Revaluations 250,000 - 250,000
At 31 March 2024 445,369 118,700 564,069
DEPRECIATION
At 1 April 2023 - 27,953 27,953
Charge for year - 17,412 17,412
At 31 March 2024 - 45,365 45,365
NET BOOK VALUE
At 31 March 2024 445,369 73,335 518,704
At 31 March 2023 187,377 85,084 272,461

Cost or valuation at 31 March 2024 is represented by:

Freehold Plant and
property machinery Totals
£    £    £   
Valuation in 2023 250,000 - 250,000
Cost 195,369 118,700 314,069
445,369 118,700 564,069

Burrow Nooks was valued on an open market basis on 19 June 2023 by Cundalls (Yorkshire) Limited .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,222 -
VAT 17 5,443
3,239 5,443

Lundforest Partnership Limited (Registered number: 13272350)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,597 12,800
Hire purchase contracts 17,250 17,250
Corporation tax 587 -
Social security and other taxes 119 121
Directors' current accounts 3,492 570
Accruals and deferred income 1,400 1,400
36,445 32,141

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 60,654 74,251
Other loans 158,318 158,318
Hire purchase contracts 4,313 21,563
223,285 254,132

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
25 A Ordinary £1.00 25 25
25 B Ordinary £1 25 25
25 C Ordinary £1 25 25
25 D Ordinary £1 25 25
100 100