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REGISTERED NUMBER: 14173864 (England and Wales)












LYTHAM EDGE LODGE RESORT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






LYTHAM EDGE LODGE RESORT LIMITED (REGISTERED NUMBER: 14173864)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LYTHAM EDGE LODGE RESORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







Directors: Mr P Hanley
Mr J Hanley





Secretary: Mr J Hanley





Registered office: Dalton House
9 Dalton Square
LANCASTER
LA1 1WD





Business address: Bank Lane
Warton
PRESTON
PR4 1TB





Registered number: 14173864 (England and Wales)





Accountants: Xeinadin
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD

LYTHAM EDGE LODGE RESORT LIMITED (REGISTERED NUMBER: 14173864)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 11,318,675 10,611,595

Current assets
Stocks 995,512 1,091,046
Debtors 5 153,054 200,527
Cash at bank and in hand 155,628 502,915
1,304,194 1,794,488
Creditors
Amounts falling due within one year 6 2,255,445 2,410,839
Net current liabilities (951,251 ) (616,351 )
Total assets less current liabilities 10,367,424 9,995,244

Creditors
Amounts falling due after more than one
year

7

(9,388,442

)

(9,657,724

)

Provisions for liabilities (91,764 ) (26,193 )

Accruals and deferred income (632,803 ) (503,857 )
Net assets/(liabilities) 254,415 (192,530 )

Capital and reserves
Called up share capital 100 100
Retained earnings 254,315 (192,630 )
254,415 (192,530 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

LYTHAM EDGE LODGE RESORT LIMITED (REGISTERED NUMBER: 14173864)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





Mr J Hanley - Director


LYTHAM EDGE LODGE RESORT LIMITED (REGISTERED NUMBER: 14173864)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. Statutory information

Lytham Edge Lodge Resort 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 and represents amounts receivable, for goods and services provided in the normal course of business, net of discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at a point in time when a performance obligation is satisfied by transferring a good or service to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

LYTHAM EDGE LODGE RESORT LIMITED (REGISTERED NUMBER: 14173864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. Accounting policies - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was NIL (2023 - 6 ).

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 April 2023 10,506,821 110,337 10,617,158
Additions 581,783 179,441 761,224
Disposals - (9,311 ) (9,311 )
At 31 March 2024 11,088,604 280,467 11,369,071
Depreciation
At 1 April 2023 - 5,563 5,563
Charge for year - 45,227 45,227
Eliminated on disposal - (394 ) (394 )
At 31 March 2024 - 50,396 50,396
Net book value
At 31 March 2024 11,088,604 230,071 11,318,675
At 31 March 2023 10,506,821 104,774 10,611,595

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 9,731 13,136
Other debtors 143,323 187,391
153,054 200,527

LYTHAM EDGE LODGE RESORT LIMITED (REGISTERED NUMBER: 14173864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 500,000 500,000
Hire purchase contracts 8,212 8,212
Trade creditors 1,114,796 1,218,130
Taxation and social security 44,985 46,705
Other creditors 587,452 637,792
2,255,445 2,410,839

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 9,379,546 9,640,616
Hire purchase contracts 8,896 17,108
9,388,442 9,657,724

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,379,546 7,640,616

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 9,879,546 10,140,616

The loan is secured by way of legal mortgage on all legal interest in Lytham Edge Lodge Resort, Bank Lane, Warton PR4 1TB, Preston