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REGISTERED NUMBER: 11654085 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ELSTOW LODGE LTD

ELSTOW LODGE LTD (REGISTERED NUMBER: 11654085)






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


ELSTOW LODGE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P Stokes
J Stokes





REGISTERED OFFICE: Elstow Lodge
Wilstead Road
Elstow
Bedfordshire
MK42 9YD





REGISTERED NUMBER: 11654085 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

ELSTOW LODGE LTD (REGISTERED NUMBER: 11654085)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,250 22,200
Tangible assets 5 136,433 145,310
156,683 167,510

CURRENT ASSETS
Debtors 6 10,797 5,741
Cash at bank and in hand 17,047 60,913
27,844 66,654
CREDITORS
Amounts falling due within one year 7 7,462 22,975
NET CURRENT ASSETS 20,382 43,679
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,065

211,189

CREDITORS
Amounts falling due after more than one year 8 - (26,378 )

PROVISIONS FOR LIABILITIES 11 (17,437 ) (17,595 )
NET ASSETS 159,628 167,216

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 159,528 167,116
SHAREHOLDERS' FUNDS 159,628 167,216

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.

ELSTOW LODGE LTD (REGISTERED NUMBER: 11654085)

BALANCE SHEET - continued
31 MARCH 2024


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 16 August 2024 and were signed on its behalf by:




P Stokes - Director



J Stokes - Director


ELSTOW LODGE LTD (REGISTERED NUMBER: 11654085)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Elstow Lodge 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.

Goodwill
Goodwill, being the amount paid in connection with acquisition of a business in 2019, is being amortised at 6.5% per annum on a straight line basis.

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 - 5% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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.

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.

Business bounce back loan scheme
The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak. The scheme helps small and medium sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months, the interest rate will be 2.5% a year.

Grant income
Grant income relates to cash amounts received from the council and other industry regulators during the year following a successful application process.

ELSTOW LODGE LTD (REGISTERED NUMBER: 11654085)

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 18 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 April 2023
and 31 March 2024 30,000
Amortisation
At 1 April 2023 7,800
Charge for year 1,950
At 31 March 2024 9,750
Net book value
At 31 March 2024 20,250
At 31 March 2023 22,200

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 April 2023 46,651 115,797 8,100 170,548
Additions - 2,390 - 2,390
At 31 March 2024 46,651 118,187 8,100 172,938
Depreciation
At 1 April 2023 2,517 22,046 675 25,238
Charge for year 2,207 8,385 675 11,267
At 31 March 2024 4,724 30,431 1,350 36,505
Net book value
At 31 March 2024 41,927 87,756 6,750 136,433
At 31 March 2023 44,134 93,751 7,425 145,310

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 10,797 5,741

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) - 9,500
Tax 2,475 3,565
Social security and other taxes - 1,038
Other creditors 2,135 771
Directors' loan account 852 6,101
Accruals and deferred income 2,000 2,000
7,462 22,975

ELSTOW LODGE LTD (REGISTERED NUMBER: 11654085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The bank loan relates to a Bounce Back Loan is guaranteed by the government 100%. No interest is payable in year one, being charged at 2.5% per annum thereafter.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) - 26,378

The bank loan relates to a Bounce Back Loan is guaranteed by the government 100%. No interest is payable in year one, being charged at 2.5% per annum thereafter.

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans - 9,500

Amounts falling due between two and five years:
Bank loans - 2-5 years - 26,378

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 37,000 37,000
Between one and five years 370,000 407,000
407,000 444,000

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 17,437 17,595

Deferred
tax
£   
Balance at 1 April 2023 17,595
Capital allowances in excess
of depreciation (158 )
Balance at 31 March 2024 17,437

ELSTOW LODGE LTD (REGISTERED NUMBER: 11654085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

Ordinary A and B shares rank pari passu in all respects.

13. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed a total amount of £852 (2023: £6,101) jointly to the directors. No interest has been charged on this loan during the year (2023: £Nil) and there are no set repayment terms in place.