Gloucester Lodge Limited 04319863 false 2023-06-25 2024-06-24 2024-06-24 The principal activity of the company is The principal activity of the company continued to be that of the provision of property management services. Digita Accounts Production Advanced 6.30.9574.0 true 04319863 2023-06-25 2024-06-24 04319863 2024-06-24 04319863 core:FurtherSpecificReserve1ComponentTotalEquity 2024-06-24 04319863 core:RetainedEarningsAccumulatedLosses 2024-06-24 04319863 core:RevaluationReserve 2024-06-24 04319863 core:ShareCapital 2024-06-24 04319863 core:SharePremium 2024-06-24 04319863 core:CurrentFinancialInstruments 2024-06-24 04319863 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-24 04319863 core:LandBuildings 2024-06-24 04319863 bus:SmallEntities 2023-06-25 2024-06-24 04319863 bus:AuditExemptWithAccountantsReport 2023-06-25 2024-06-24 04319863 bus:FullAccounts 2023-06-25 2024-06-24 04319863 bus:SmallCompaniesRegimeForAccounts 2023-06-25 2024-06-24 04319863 bus:RegisteredOffice 2023-06-25 2024-06-24 04319863 bus:Director6 2023-06-25 2024-06-24 04319863 bus:Director7 2023-06-25 2024-06-24 04319863 bus:PrivateLimitedCompanyLtd 2023-06-25 2024-06-24 04319863 bus:Agent1 2023-06-25 2024-06-24 04319863 core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-25 2024-06-24 04319863 core:RetainedEarningsAccumulatedLosses 2023-06-25 2024-06-24 04319863 core:RevaluationReserve 2023-06-25 2024-06-24 04319863 core:ShareCapital 2023-06-25 2024-06-24 04319863 core:SharePremium 2023-06-25 2024-06-24 04319863 core:LandBuildings 2023-06-25 2024-06-24 04319863 countries:EnglandWales 2023-06-25 2024-06-24 04319863 2023-06-24 04319863 core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-24 04319863 core:RetainedEarningsAccumulatedLosses 2023-06-24 04319863 core:RevaluationReserve 2023-06-24 04319863 core:ShareCapital 2023-06-24 04319863 core:SharePremium 2023-06-24 04319863 core:LandBuildings 2023-06-24 04319863 2022-06-25 2023-06-24 04319863 2023-06-24 04319863 core:CurrentFinancialInstruments 2023-06-24 04319863 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-24 04319863 core:LandBuildings 2023-06-24 04319863 core:FurtherSpecificReserve1ComponentTotalEquity 2022-06-25 2023-06-24 04319863 core:RetainedEarningsAccumulatedLosses 2022-06-25 2023-06-24 04319863 core:RevaluationReserve 2022-06-25 2023-06-24 04319863 core:ShareCapital 2022-06-25 2023-06-24 04319863 core:SharePremium 2022-06-25 2023-06-24 04319863 2022-06-24 04319863 core:FurtherSpecificReserve1ComponentTotalEquity 2022-06-24 04319863 core:RetainedEarningsAccumulatedLosses 2022-06-24 04319863 core:RevaluationReserve 2022-06-24 04319863 core:ShareCapital 2022-06-24 04319863 core:SharePremium 2022-06-24 iso4217:GBP xbrli:pure

Registration number: 04319863

Gloucester Lodge Limited

Annual Report and Unaudited Financial Statements Year Ended 24 June 2024

image-name

Chartered Accountants

 

Gloucester Lodge Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 9

 

Gloucester Lodge Limited

Company Information

Directors

R Merrett

H N Mortimer

Registered office

Gloucester Lodge
85 The Esplanade
Weymouth
DT4 7AU

Accountants

Edwards and Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Gloucester Lodge Limited

Directors' Report
for the Year Ended 24 June 2024

The directors present their report and the financial statements for the year ended 24 June 2024.

Directors of the company

The directors who held office during the year were as follows:

R Merrett

H N Mortimer

Principal activity

The principal activity of the company continued to be that of the provision of property management services.

The company owns the freehold interest of the premises at Gloucester Lodge, The Esplanade, Weymouth (DT4 7 AU) on 20 properties and one commercial unit.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 27 August 2024 and signed on its behalf by:

H N Mortimer
Director

   
     
 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Gloucester Lodge Limitedfor the Year Ended 24 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gloucester Lodge Limited for the year ended 24 June 2024 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Gloucester Lodge Limited, as a body, in accordance with the terms of our engagement letter dated 28 September 2020. Our work has been undertaken solely to prepare for your approval the accounts of Gloucester Lodge Limited and state those matters that we have agreed to state to the Board of Directors of Gloucester Lodge Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gloucester Lodge Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Gloucester Lodge Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Gloucester Lodge Limited. You consider that Gloucester Lodge Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Gloucester Lodge Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Edwards and Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

2 September 2024

 

Gloucester Lodge Limited

Profit and Loss Account
for the Year Ended 24 June 2024

2024
£

2023
£

Turnover

 

76,245

86,133

Administrative expenses

 

(65,899)

(52,667)

Operating profit

 

10,346

33,466

Other interest receivable and similar income

 

1,414

424

Profit before tax

11,760

33,890

Tax on profit

 

(269)

-

Profit for the financial year

 

11,491

33,890

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Gloucester Lodge Limited

(Registration number: 04319863)
Balance Sheet as at 24 June 2024

Note

2024

2023

   

£

£

£

£

Fixed assets

   

 

Tangible assets

4

 

1

 

1

Current assets

   

 

Debtors

5

3,378

 

2,578

 

Cash at bank and in hand

 

137,378

 

129,415

 

 

140,756

 

131,993

 

Creditors: Amounts falling due within one year

6

(10,595)

 

(13,323)

 

Net current assets

   

130,161

 

118,670

Net assets

   

130,162

 

118,671

Capital and reserves

   

 

Called up share capital

20

 

20

 

Share premium reserve

14,078

 

14,078

 

Accumulated reserve fund

81,064

 

69,573

 

Sinking fund

35,000

 

35,000

 

Profit and loss account

-

 

-

 

   

130,162

 

118,671

For the financial year ending 24 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 27 August 2024 and signed on its behalf by:
 

H N Mortimer
Director

   
     
 

Gloucester Lodge Limited

Statement of Changes in Equity
for the Year Ended 24 June 2024

Share capital
£

Share premium
£

Accumulated reserve fund
£

Sinking fund
£

Profit and loss account
£

Total
£

At 25 June 2023

20

14,078

69,573

35,000

-

118,671

Profit for the year

-

-

-

-

11,491

11,491

Transfers

-

-

11,491

-

(11,491)

-

At 24 June 2024

20

14,078

81,064

35,000

-

130,162

Share capital
£

Share premium
£

Accumulated reserve fund
£

Sinking fund
£

Profit and loss account
£

Total
£

At 25 June 2022

20

14,078

35,683

35,000

-

84,781

Profit for the year

-

-

-

-

33,890

33,890

Transfers

-

-

33,890

-

(33,890)

-

At 24 June 2023

20

14,078

69,573

35,000

-

118,671

 

Gloucester Lodge Limited

Notes to the Unaudited Financial Statements
for the Year Ended 24 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Gloucester Lodge
85 The Esplanade
Weymouth
DT4 7AU

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Gloucester Lodge Limited

Notes to the Unaudited Financial Statements
for the Year Ended 24 June 2024

Asset class

Depreciation method and rate

Land and buildings

No depreciation is provided in respect of the freehold interest in Gloucester Lodge, Weymouth, as its residual value will be at least equal to its cost.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from residents for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0). The average number of directors on the board during the year was 2 (2023 - 2).

4

Tangible assets

Land and buildings
£

Total
£

Cost

At 25 June 2023

1

1

At 24 June 2024

1

1

Depreciation

At 25 June 2023

-

-

At 24 June 2024

-

-

Carrying amount

At 24 June 2024

1

1

At 24 June 2023

1

1

Included within the net book value of land and buildings above is £1 (2023 - £1) in respect of freehold land and buildings.
 

 

Gloucester Lodge Limited

Notes to the Unaudited Financial Statements
for the Year Ended 24 June 2024

5

Debtors

Current

2024
£

2023
£

Accrued income

2,148

-

Prepayments

1,230

1,790

Other debtors

-

788

 

3,378

2,578

6

Creditors

2024
£

2023
£

Due within one year

Amounts received in advance from lessees

6,500

6,988

Taxation and social security

269

-

Accruals and deferred income

2,743

1,171

Other creditors

1,083

5,164

10,595

13,323