IRIS Accounts Production v24.2.0.383 13743205 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh137432052022-12-31137432052023-12-31137432052023-01-012023-12-31137432052021-11-14137432052021-11-152022-12-31137432052022-12-3113743205ns15:EnglandWales2023-01-012023-12-3113743205ns14:PoundSterling2023-01-012023-12-3113743205ns10:Director12023-01-012023-12-3113743205ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3113743205ns10:SmallEntities2023-01-012023-12-3113743205ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3113743205ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3113743205ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3113743205ns10:FullAccounts2023-01-012023-12-311374320512023-01-012023-12-3113743205ns10:OrdinaryShareClass12023-01-012023-12-3113743205ns10:Director22023-01-012023-12-3113743205ns10:Director32023-01-012023-12-3113743205ns10:Director42023-01-012023-12-3113743205ns10:RegisteredOffice2023-01-012023-12-3113743205ns5:CurrentFinancialInstruments2023-12-3113743205ns5:CurrentFinancialInstruments2022-12-3113743205ns5:ShareCapital2023-12-3113743205ns5:ShareCapital2022-12-3113743205ns5:RetainedEarningsAccumulatedLosses2023-12-3113743205ns5:RetainedEarningsAccumulatedLosses2022-12-3113743205ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113743205ns5:ComputerSoftware2023-01-012023-12-3113743205ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-01-012023-12-3113743205ns5:PlantMachinery2023-01-012023-12-3113743205ns5:MotorVehicles2023-01-012023-12-3113743205ns5:ComputerEquipment2023-01-012023-12-3113743205ns5:IntangibleAssetsOtherThanGoodwill2022-12-3113743205ns5:IntangibleAssetsOtherThanGoodwill2023-12-3113743205ns5:IntangibleAssetsOtherThanGoodwill2022-12-3113743205ns5:LandBuildings2022-12-3113743205ns5:PlantMachinery2022-12-3113743205ns5:MotorVehicles2022-12-3113743205ns5:ComputerEquipment2022-12-3113743205ns5:LandBuildings2023-01-012023-12-3113743205ns5:LandBuildings2023-12-3113743205ns5:PlantMachinery2023-12-3113743205ns5:MotorVehicles2023-12-3113743205ns5:ComputerEquipment2023-12-3113743205ns5:LandBuildings2022-12-3113743205ns5:PlantMachinery2022-12-3113743205ns5:MotorVehicles2022-12-3113743205ns5:ComputerEquipment2022-12-3113743205ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3113743205ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3113743205ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 13743205 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Lakeside Ventures Ltd

Lakeside Ventures Ltd (Registered number: 13743205)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lakeside Ventures Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J E Perks
Mrs K P Perks
S Holmes
Mrs J P Holmes





REGISTERED OFFICE: West Country Water Park
Trench Lane
Winterbourne
Bristol
BX36 1RY





REGISTERED NUMBER: 13743205 (England and Wales)





ACCOUNTANTS: Bourne & Co
Chartered Accountants
6 Lichfield Street
Burton-on-Trent
Staffordshire
DE14 3RD

Lakeside Ventures Ltd (Registered number: 13743205)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,320 18,764
Tangible assets 5 789,713 780,030
800,033 798,794

CURRENT ASSETS
Stocks 157,346 193,395
Debtors 6 22,135 42,281
Cash at bank 16,539 43,352
196,020 279,028
CREDITORS
Amounts falling due within one year 7 1,920,812 1,595,805
NET CURRENT LIABILITIES (1,724,792 ) (1,316,777 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(924,759

)

(517,983

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (924,859 ) (518,083 )
SHAREHOLDERS' FUNDS (924,759 ) (517,983 )

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.

Lakeside Ventures Ltd (Registered number: 13743205)

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 3 September 2024 and were signed on its behalf by:





Mrs J P Holmes - Director


Lakeside Ventures Ltd (Registered number: 13743205)

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

1. STATUTORY INFORMATION

Lakeside Ventures 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

An impairment loss has been recognised in the Income Statement, following an assessment at the Balance Sheet date indicating the recoverable amount was less than its carrying value.

Website development is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Buildings - 10% on cost
Plant and machinery - 25% on reducing balance and 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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


Lakeside Ventures Ltd (Registered number: 13743205)

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

2. ACCOUNTING POLICIES - continued
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.

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.

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.

Debtors
Short term debtors are measured at transaction price less any impairment. Any losses arising from impairment are recognised in the profit and loss account.

Creditors
Short term creditors are measured at transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 19 ) .

Lakeside Ventures Ltd (Registered number: 13743205)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 37,108
Impairments (9,319 )
At 31 December 2023 27,789
AMORTISATION
At 1 January 2023 18,344
Charge for year 8,444
Impairments (9,319 )
At 31 December 2023 17,469
NET BOOK VALUE
At 31 December 2023 10,320
At 31 December 2022 18,764

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
Buildings machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 473,153 358,602 15,631 12,110 859,496
Additions 89,831 71,907 7,350 9,155 178,243
Disposals - (2,038 ) (2,650 ) (1,483 ) (6,171 )
At 31 December 2023 562,984 428,471 20,331 19,782 1,031,568
DEPRECIATION
At 1 January 2023 23,652 50,953 2,304 2,557 79,466
Charge for year 52,960 100,968 3,905 5,733 163,566
Eliminated on disposal - (332 ) (662 ) (183 ) (1,177 )
At 31 December 2023 76,612 151,589 5,547 8,107 241,855
NET BOOK VALUE
At 31 December 2023 486,372 276,882 14,784 11,675 789,713
At 31 December 2022 449,501 307,649 13,327 9,553 780,030

Lakeside Ventures Ltd (Registered number: 13743205)

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 2,115 41
Other taxes and social security - 18,882
Prepayments 20,020 23,358
22,135 42,281

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 22,030 40,726
Social security and other taxes 18,671 6,597
Other creditors 5,862 1,406
Owed to group companies 1,809,286 1,486,923
Directors' current accounts 43,924 51,999
Deferred income 15,269 -
Accrued expenses 5,770 8,154
1,920,812 1,595,805

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

The company conducts its trading operations from land owned by its parent company and no charge is made for the use of the asset.

10. ULTIMATE CONTROLLING PARTY

The controlling party is JESS Ventures Ltd.

JESS Ventures Ltd is a company incorporated in England and Wales.