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REGISTERED NUMBER: 14535565 (England and Wales)













Financial Statements

for the period

12 December 2022 to 31 December 2023

for

Lakeside Luxury Lodges Limited

Lakeside Luxury Lodges Limited (Registered number: 14535565)






Contents of the Financial Statements
for the period 12 December 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lakeside Luxury Lodges Limited

Company Information
for the period 12 December 2022 to 31 December 2023







DIRECTORS: P B Coulson
Mrs C Coulson





REGISTERED OFFICE: Newland House The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN





REGISTERED NUMBER: 14535565 (England and Wales)





ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN

Lakeside Luxury Lodges Limited (Registered number: 14535565)

Balance Sheet
31 December 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 600,837

CURRENT ASSETS
Debtors 5 6,519
Cash at bank 39,520
46,039
CREDITORS
Amounts falling due within one year 6 56,067
NET CURRENT LIABILITIES (10,028 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

590,809

CREDITORS
Amounts falling due after more than
one year

7

640,288
NET LIABILITIES (49,479 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (49,579 )
(49,479 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 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.

Lakeside Luxury Lodges Limited (Registered number: 14535565)

Balance Sheet - continued
31 December 2023


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 23 August 2024 and were signed on its behalf by:





P B Coulson - Director


Lakeside Luxury Lodges Limited (Registered number: 14535565)

Notes to the Financial Statements
for the period 12 December 2022 to 31 December 2023

1. STATUTORY INFORMATION

Lakeside Luxury Lodges 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.

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.
Land and buildings - Buildings - straight line over 60 years
Plant and machinery etc - 25% on reducing balance

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

Taxation
Taxation for the period 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.


Lakeside Luxury Lodges Limited (Registered number: 14535565)

Notes to the Financial Statements - continued
for the period 12 December 2022 to 31 December 2023

2. ACCOUNTING POLICIES - continued
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 period 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit or loss on a straight line basis over the period of the lease. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
Additions 557,678 63,615 621,293
At 31 December 2023 557,678 63,615 621,293
DEPRECIATION
Charge for period 7,094 13,362 20,456
At 31 December 2023 7,094 13,362 20,456
NET BOOK VALUE
At 31 December 2023 550,584 50,253 600,837

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 6,519

Lakeside Luxury Lodges Limited (Registered number: 14535565)

Notes to the Financial Statements - continued
for the period 12 December 2022 to 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 30,288
Trade creditors 2,149
Amounts owed to group undertakings 22,700
Other creditors 930
56,067

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Hire purchase contracts 146,984
Other creditors 493,304
640,288

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 25,832

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Hire purchase contracts 177,272

The hire purchase loan is secured over the assets to which it relates.

9. RELATED PARTY DISCLOSURES

Included within creditors falling due after one year is an amount owed to the directors of £493,304. This loan is unsecured and interest free.