The Hunting Lodge Limited 02963068 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is food and drink hospitality. Digita Accounts Production Advanced 6.30.9574.0 true true 02963068 2023-01-01 2023-12-31 02963068 2023-12-31 02963068 core:CurrentFinancialInstruments 2023-12-31 02963068 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 02963068 core:Non-currentFinancialInstruments 2023-12-31 02963068 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 02963068 core:FurnitureFittingsToolsEquipment 2023-12-31 02963068 core:LandBuildings 2023-12-31 02963068 bus:SmallEntities 2023-01-01 2023-12-31 02963068 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02963068 bus:FilletedAccounts 2023-01-01 2023-12-31 02963068 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02963068 bus:RegisteredOffice 2023-01-01 2023-12-31 02963068 bus:Director2 2023-01-01 2023-12-31 02963068 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02963068 core:ComputerEquipment 2023-01-01 2023-12-31 02963068 core:FurnitureFittings 2023-01-01 2023-12-31 02963068 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 02963068 core:LandBuildings 2023-01-01 2023-12-31 02963068 core:LeaseholdImprovements 2023-01-01 2023-12-31 02963068 core:PlantMachinery 2023-01-01 2023-12-31 02963068 countries:EnglandWales 2023-01-01 2023-12-31 02963068 2022-12-31 02963068 core:FurnitureFittingsToolsEquipment 2022-12-31 02963068 core:LandBuildings 2022-12-31 02963068 2022-01-01 2022-12-31 02963068 2022-12-31 02963068 core:CurrentFinancialInstruments 2022-12-31 02963068 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 02963068 core:Non-currentFinancialInstruments 2022-12-31 02963068 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 02963068 core:FurnitureFittingsToolsEquipment 2022-12-31 02963068 core:LandBuildings 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 02963068

The Hunting Lodge Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

The Hunting Lodge Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

The Hunting Lodge Limited

(Registration number: 02963068)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

35,654

45,102

Current assets

 

Debtors

5

6,504

5,103

Cash at bank and in hand

 

318

318

 

6,822

5,421

Creditors: Amounts falling due within one year

6

(244,785)

(208,029)

Net current liabilities

 

(237,963)

(202,608)

Total assets less current liabilities

 

(202,309)

(157,506)

Creditors: Amounts falling due after more than one year

6

(15,860)

(18,712)

Net liabilities

 

(218,169)

(176,218)

Capital and reserves

 

Called up share capital

5

5

Retained earnings

(218,174)

(176,223)

Shareholders' deficit

 

(218,169)

(176,218)

For the financial year ending 31 December 2023 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 August 2024 and signed on its behalf by:
 

.........................................
S D Parry
Director

 

The Hunting Lodge Limited

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

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:
7a King Street
Frome
Somerset
BA11 1BH

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.

Going concern

The financial statements have been prepared on a going concern basis.

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. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

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:

 

The Hunting Lodge Limited

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

Asset class

Depreciation method and rate

Short leasehold

5% on cost

Plant and machinery

25% reducing balance

Fixtures and fittings

20% reducing balance

Computer equipment

20% reducing balance

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 customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

The Hunting Lodge Limited

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

4

Tangible assets

Land and buildings
£

Plant and machinery etc
£

Total
£

Cost or valuation

At 1 January 2023

59,704

89,597

149,301

At 31 December 2023

59,704

89,597

149,301

Depreciation

At 1 January 2023

51,154

53,045

104,199

Charge for the year

475

8,973

9,448

At 31 December 2023

51,629

62,018

113,647

Net book value

At 31 December 2023

8,075

27,579

35,654

At 31 December 2022

8,550

36,552

45,102

5

Debtors

2023
£

2022
£

Other debtors

4,776

3,375

Prepayments

1,728

1,728

6,504

5,103

6

Creditors

Amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

17,396

20,414

Trade creditors

 

24,039

14,838

Other creditors

 

203,350

172,777

 

244,785

208,029

 

The Hunting Lodge Limited

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

Amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

15,860

18,712

7

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

15,860

18,712

Current loans and borrowings

2023
£

2022
£

Bank borrowings

5,919

5,644

Bank overdrafts

11,477

14,770

17,396

20,414

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £57,822 (2022 - £68,622).

9

Related party transactions

Included in other creditors is a balance of £75,572 (2022: £75,572) which is due to another limited company in which the directors have a controlling interest.