FOLEY LODGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
Foley Lodge Limited is a private company limited by shares, incorporated in England and Wales. The registered address is Buckingham House, West Street, Newbury, Berkshire, RG14 1BE.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The Company was dormant during the period. The directors consider that the Company will receive support from its parent company and will have adequate cash and other liquid resources to meet its commitments as they fall due for a period of at least 12 months from the date of approval of these financial statements and therefore the financial statements are appropriately prepared on a going concern basis.
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The average monthly number of employees, including directors, during the period was 3 (2022 - 3).
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Related party transactions
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The Company is exempt from disclosing related party transactions with other 100% owned members of the Group headed by Stockford Limited by virtue of FRS 102 section 33.1A.
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The company considers The Vineyard at Stockcross Limited, a company incorporated in England and Wales, to be its immediate controlling party. Stockford Limited is the parent of both the largest and smallest groups in which the results of the company are consolidated. Copies of the group financial statements for Stockford Limited are available from its registered office: Buckingham House, West Street, Newbury, Berkshire, England, RG14 1BE.
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