Company registration number 10048488 (England and Wales)
THE LODGE STOURPORT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
THE LODGE STOURPORT LIMITED
COMPANY INFORMATION
Directors
Mr J L Gray
Mrs F Gray
Company number
10048488
Registered office
1 Hafren Way
Stourport-On-Severn
DY13 9SJ
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
NatWest Bank Plc
24 High Street
Kidderminster
Worcestershire
DY10 2DL
THE LODGE STOURPORT LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
THE LODGE STOURPORT LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE LODGE STOURPORT LIMITED FOR THE YEAR ENDED 31 DECEMBER 2023
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Lodge Stourport Limited for the year ended 31 December 2023 which comprise, the balance sheet 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 at https://www.icaew.com/regulation.
This report is made solely to the board of directors of The Lodge Stourport Limited, 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 The Lodge Stourport Limited and state those matters that we have agreed to state to the board of directors of The Lodge Stourport 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 The Lodge Stourport Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that The Lodge Stourport Limited 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 loss of The Lodge Stourport Limited. You consider that The Lodge Stourport 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 financial statements of The Lodge Stourport 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 financial statements.
Ormerod Rutter Limited
4 July 2024
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
THE LODGE STOURPORT LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
13,886
Current assets
Cash at bank and in hand
19,200
Creditors: amounts falling due within one year
4
(111,616)
(116,491)
Net current liabilities
(111,616)
(97,291)
Total assets less current liabilities
(111,616)
(83,405)
Creditors: amounts falling due after more than one year
5
(19,204)
(30,004)
Net liabilities
(130,820)
(113,409)
Capital and reserves
Called up share capital
7
1
1
Profit and loss reserves
(130,821)
(113,410)
Total equity
(130,820)
(113,409)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 4 July 2024 and are signed on its behalf by:
Mr J L Gray
Director
Company registration number 10048488 (England and Wales)
THE LODGE STOURPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information
The Lodge Stourport Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Hafren Way, Stourport-On-Severn, United Kingdom, DY13 9SJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements
Over the lease term
Plant, machinery and equipment
20% on reducing balance
Fixtures and fittings
15% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
THE LODGE STOURPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
3
Tangible fixed assets
Leasehold improvements
Plant, machinery and equipment
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 January 2023
45,000
14,582
2,285
61,867
Disposals
(45,000)
(14,582)
(2,285)
(61,867)
At 31 December 2023
Depreciation and impairment
At 1 January 2023
36,000
10,970
1,011
47,981
Eliminated in respect of disposals
(36,000)
(10,970)
(1,011)
(47,981)
At 31 December 2023
Carrying amount
At 31 December 2023
At 31 December 2022
9,000
3,612
1,274
13,886
4
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,498
13,834
Trade creditors
6,008
Amounts owed to group undertakings
99,548
82,494
Taxation and social security
12,585
Other creditors
1,570
1,570
111,616
116,491
5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
19,204
30,004
THE LODGE STOURPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
6
Secured debts
The following secured debts are included within creditors:
2023
2022
£
£
Bank overdrafts
606
4,067
Bank loans
29,096
39,771
29,702
43,838
Bank loans are secured by way of a government-backed guarantee.
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1
1
1
1
8
Related party transactions
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.
9
Control
Ultimate parent company
The ultimate parent company is CFI Group Ltd, a company registered in England and Wales.
Ultimate controlling party
The ultimate controlling party is Mr J L Gray and Mrs F Gray, by virtue of their controlling interest in the ultimate parent company.