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REGISTERED NUMBER: 10263291 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Lodgemoor Holdings Ltd

Lodgemoor Holdings Ltd (Registered number: 10263291)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Lodgemoor Holdings Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr Martin John Newsome
Mrs Marilyn Maria Newsome



REGISTERED OFFICE: Unit 1
Harleston Street
Sheffield
South Yorkshire
S4 7QB



REGISTERED NUMBER: 10263291 (England and Wales)



ACCOUNTANTS: Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BANKERS: National Westminster Bank Plc
PO Box 13
5 Market Place
Chesterfield
S40 1TJ

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Lodgemoor Holdings Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lodgemoor Holdings Ltd for the year ended 31 December 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Lodgemoor Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lodgemoor Holdings Ltd. You consider that Lodgemoor Holdings Ltd 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 financial statements of Lodgemoor Holdings Ltd. 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 financial statements.






Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR


6 September 2024

Lodgemoor Holdings Ltd (Registered number: 10263291)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £   
FIXED ASSETS
Investments 4 1,132,413 1,132,413
Investment property 5 1,100,000 1,100,000
2,232,413 2,232,413

CURRENT ASSETS
Debtors 6 69,560 70,320
Cash at bank 1,096 307
70,656 70,627
CREDITORS
Amounts falling due within one year 7 (1,217,007 ) (1,143,283 )
NET CURRENT LIABILITIES (1,146,351 ) (1,072,656 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,086,062 1,159,757

CREDITORS
Amounts falling due after more than one
year

8

(750,341

)

(780,887

)

PROVISIONS FOR LIABILITIES (41,991 ) (41,991 )
NET ASSETS 293,730 336,879

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 293,610 336,759
293,730 336,879

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

Lodgemoor Holdings Ltd (Registered number: 10263291)

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 6 September 2024 and were signed on its behalf by:





Mr Martin John Newsome - Director


Lodgemoor Holdings Ltd (Registered number: 10263291)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Lodgemoor Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Lodgemoor Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.


Lodgemoor Holdings Ltd (Registered number: 10263291)

Notes to the Financial Statements - continued
for the Year Ended 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1,132,413
NET BOOK VALUE
At 31 December 2023 1,132,413
At 31 December 2022 1,132,413

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,100,000
NET BOOK VALUE
At 31 December 2023 1,100,000
At 31 December 2022 1,100,000

Land and Buildings were revalued on 24th April 2019 by Holloway Iliffe & Mitchell Limited , Chartered Surveyors, on an open market value. This valuation has been incorporated in these financial statements.
The directors consider that the valuation is still the fair value of the property. This class of asset has a current value of £1,100,000 and a carrying net book value on a historical cost basis of £932,038 (2022 - £932,038).

Lodgemoor Holdings Ltd (Registered number: 10263291)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 69,440 70,200
Other debtors 120 120
69,560 70,320

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 22,965 25,469
Amounts owed to group undertakings 1,176,621 1,100,621
Taxation and social security 10,821 10,918
Other creditors 6,600 6,275
1,217,007 1,143,283

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans 750,341 780,887

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 604,497 634,532

9. SECURED DEBTS

The following secured debts are included within creditors:

31/12/23 31/12/22
£    £   
Bank loans 773,306 806,356