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REGISTERED NUMBER: 07441165 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

WEST LODGE ESTATES LIMITED

WEST LODGE ESTATES LIMITED (REGISTERED NUMBER: 07441165)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WEST LODGE ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTOR: R A Kimber-Danger



SECRETARY: Martin and Company (Company Secretaries) Limited



REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ



REGISTERED NUMBER: 07441165 (England and Wales)



ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ



BANKERS: Lloyds Bank Plc
38 Blue Boar Row
Salisbury
Wiltshire
SP1 1DB

WEST LODGE ESTATES LIMITED (REGISTERED NUMBER: 07441165)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,059
Tangible assets 5 1,061,106 1,175,071
1,061,106 1,176,130

CURRENT ASSETS
Stocks 271,488 201,362
Debtors 6 228,256 233,432
Cash at bank and in hand 46,355 113,972
546,099 548,766
CREDITORS
Amounts falling due within one year 7 198,999 243,171
NET CURRENT ASSETS 347,100 305,595
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,408,206

1,481,725

CREDITORS
Amounts falling due after more than one
year

8

5,406,847

5,011,159
NET LIABILITIES (3,998,641 ) (3,529,434 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (3,998,741 ) (3,529,534 )
SHAREHOLDERS' FUNDS (3,998,641 ) (3,529,434 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

WEST LODGE ESTATES LIMITED (REGISTERED NUMBER: 07441165)

BALANCE SHEET - continued
31ST OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3rd October 2024 and were signed by:





R A Kimber-Danger - Director


WEST LODGE ESTATES LIMITED (REGISTERED NUMBER: 07441165)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023


1. STATUTORY INFORMATION

West Lodge Estates 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, excluding discounts, rebates, value added tax and other sales taxes. Turnover includes rents received.

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.

BPS Entitlements are being amortised evenly over an estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tenants improvements - 5% on cost
Plant and machinery - 20% on reducing balance
Tractors and combines - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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.

WEST LODGE ESTATES LIMITED (REGISTERED NUMBER: 07441165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Going concern
At the balance sheet date, the company's liabilities exceed its assets. During the year, the company met its working capital requirements through continued financial support received from its shareholder.

The shareholder has agreed to continue to provide financial support if necessary, and will not withdraw the money due to him for at least 12 months and therefore the director is satisfied that it remains appropriate to prepare these accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st November 2022
and 31st October 2023 4,235
AMORTISATION
At 1st November 2022 3,176
Charge for year 1,059
At 31st October 2023 4,235
NET BOOK VALUE
At 31st October 2023 -
At 31st October 2022 1,059

5. TANGIBLE FIXED ASSETS
Freehold Tenants Plant and
property improvements machinery
£    £    £   
COST
At 1st November 2022
and 31st October 2023 4,000 2,148,286 211,291
DEPRECIATION
At 1st November 2022 - 1,009,970 189,064
Charge for year - 107,414 4,446
At 31st October 2023 - 1,117,384 193,510
NET BOOK VALUE
At 31st October 2023 4,000 1,030,902 17,781
At 31st October 2022 4,000 1,138,316 22,227

WEST LODGE ESTATES LIMITED (REGISTERED NUMBER: 07441165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023


5. TANGIBLE FIXED ASSETS - continued

Tractors
and Motor
combines vehicles Totals
£    £    £   
COST
At 1st November 2022
and 31st October 2023 18,750 43,346 2,425,673
DEPRECIATION
At 1st November 2022 17,461 34,107 1,250,602
Charge for year 258 1,847 113,965
At 31st October 2023 17,719 35,954 1,364,567
NET BOOK VALUE
At 31st October 2023 1,031 7,392 1,061,106
At 31st October 2022 1,289 9,239 1,175,071

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 109,804 121,072
Other debtors 11,766 14,521
VAT 4,246 18,807
Prepayments 24,380 18,145
Accrued income 78,060 60,887
228,256 233,432

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 143,815 176,895
Social security and other taxes 8,065 6,518
Other creditors 684 876
Accrued expenses 23,370 15,821
Deferred income 23,065 43,061
198,999 243,171

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Shareholder loan accounts 5,406,847 5,011,159

WEST LODGE ESTATES LIMITED (REGISTERED NUMBER: 07441165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

The company has received a loan amounting to £5,406,847 (2022: £5,011,159) from a shareholder. The rate of interest charged is 0%. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due after more than one year.