08817802falseFishing Lakes2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-12-31http://www.companieshouse.gov.uk/cd:Director12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director22023-01-012023-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-01-012023-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-12-31http://www.companieshouse.gov.uk/2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:FRS1022023-01-012023-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:LandBuildings2022-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:LandBuildings2023-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 08817802

Faulkers Lakes Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
Greenhalgh Johnson Ltd
Accountants & Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5JT

Faulkers Lakes Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
Samuel Andrew Mappin
Clare Helen Mappin
REGISTERED OFFICE
Faulkers House
Faulkers Lane, Burgh Le Marsh
Skegness
Lincolnshire
PE24 5HW
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08817802
BANKERS
Lloyds
ACCOUNTANTS
Greenhalgh Johnson Ltd
Accountants & Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5JT

Faulkers Lakes Ltd

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Faulkers Lakes Ltd

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets2177,481186,455
CURRENT ASSETS
Stock-31,790
Debtors46,4982,483
Cash at bank and in hand169,435173,223
175,933207,496
CREDITORS: Amounts falling due within one year5293,310342,416
NET CURRENT LIABILITIES(117,377)(134,920)
TOTAL ASSETS LESS CURRENT LIABILITIES60,10451,535
PROVISIONS FOR LIABILITIES AND CHARGES75,8926,441
NET ASSETS54,21245,094
CAPITAL AND RESERVES
Called up share capital822
Profit and loss account54,21045,092
SHAREHOLDERS' FUNDS54,21245,094
For the year ending 31/12/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 16/08/2024 and signed on their behalf by
.............................
Samuel Andrew Mappin
Director

Faulkers Lakes Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsreducing balance 5%
Fixtures and Fittingsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Government Grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
1e.

Faulkers Lakes Ltd

2. TANGIBLE FIXED ASSETS
Land AndFixtures
Buildingsand FittingsTotal
£££
Cost
At 01/01/2023235,635171,559407,194
Additions3,1263,3586,484
At 31/12/2023238,761174,917413,678
Depreciation
At 01/01/202374,846145,893220,739
For the year8,1947,26415,458
At 31/12/202383,040153,157236,197
Net Book Amounts
At 31/12/2023155,72121,760177,481
At 31/12/2022160,78925,666186,455
3. STOCK 20232022
££
Stock comprises:
Stock-31,790
-31,790
4. DEBTORS 20232022
££
Amounts falling due within one year
VAT-2,297
PAYE control744-
Prepayments184186
9282,483

Faulkers Lakes Ltd

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax12,32616,049
VAT203-
PAYE control-53
Salaries and wages control-308
Directors current account273,876315,544
Trade creditors5,0154,813
Other creditors-3,930
Accruals1,8901,719
293,310342,416
6. EMPLOYEES
20232022
No.No.
Average number of employees32
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation5,8926,441
5,8926,441
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22