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Registration number: 08187668

Lindholme Lakes Country Park Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Lindholme Lakes Country Park Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Lindholme Lakes Country Park Ltd

Company Information

Directors

Mrs R A Grantham

Mr A C Grantham

Registered office

Don Farm
West Carr
Epworth
Doncaster
DN9 1LF

Accountants

DAH Accountancy Services Limited
Chartered Management Accountants
Cedar Lodge
York Road
Shiptonthorpe
York
East Yorkshire
YO43 3PH

 

Lindholme Lakes Country Park Ltd

(Registration number: 08187668)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

372,699

510,343

Current assets

 

Stocks

5

551,377

1,454,439

Debtors

6

1,800,000

73,144

Cash at bank and in hand

 

161,799

419,006

 

2,513,176

1,946,589

Creditors: Amounts falling due within one year

7

(630,915)

(466,059)

Net current assets

 

1,882,261

1,480,530

Total assets less current liabilities

 

2,254,960

1,990,873

Creditors: Amounts falling due after more than one year

7

(16,826)

(36,896)

Provisions for liabilities

(52,543)

(57,039)

Net assets

 

2,185,591

1,896,938

Capital and reserves

 

Called up share capital

8

20

20

Retained earnings

2,185,571

1,896,918

Shareholders' funds

 

2,185,591

1,896,938

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Lindholme Lakes Country Park Ltd

(Registration number: 08187668)
Balance Sheet as at 31 August 2024

Approved and authorised by the Board on 15 October 2024 and signed on its behalf by:
 

.........................................
Mr A C Grantham
Director

 

Lindholme Lakes Country Park Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Don Farm
West Carr
Epworth
Doncaster
DN9 1LF

These financial statements were authorised for issue by the Board on 15 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Lindholme Lakes Country Park Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

10% reducing balance

Plant and machinery

20% on cost

Motor vehicles

25% reducing balance

Furniture and fittings

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Lindholme Lakes Country Park Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 4).

 

Lindholme Lakes Country Park Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

112,786

887,888

83,020

1,083,694

Additions

-

171,641

-

171,641

Disposals

-

(391,500)

(83,020)

(474,520)

At 31 August 2024

112,786

668,029

-

780,815

Depreciation

At 1 September 2023

28,801

493,935

50,615

573,351

Charge for the year

8,398

86,519

1,912

96,829

Eliminated on disposal

-

(209,537)

(52,527)

(262,064)

At 31 August 2024

37,199

370,917

-

408,116

Carrying amount

At 31 August 2024

75,587

297,112

-

372,699

At 31 August 2023

83,985

393,953

32,405

510,343

Included within the net book value of land and buildings above is £75,587 (2023 - £83,985) in respect of freehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

551,377

1,454,439

 

Lindholme Lakes Country Park Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

-

60,401

Amounts owed by related parties

11

1,800,000

-

Prepayments

 

-

12,743

   

1,800,000

73,144

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

153,640

21,297

Trade creditors

 

107,758

183,334

Taxation and social security

 

120,078

108,257

Accruals and deferred income

 

249,439

63,805

Other creditors

 

-

89,366

 

630,915

466,059


Creditors include unsecured bank and other loans of £153,640 (2023 - £21,297) falling due within one year.

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

16,826

36,896


Creditors include unsecured bank loans of £16,826 (2023 - £36,896) falling due after more than one year and less than five years.

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

20

20

20

20

       
 

Lindholme Lakes Country Park Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

16,826

36,896

Current loans and borrowings

2024
£

2023
£

Bank borrowings

21,297

21,297

Other borrowings

132,343

-

153,640

21,297

10

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £18,750.00 (2023 - £2,975.00) per each Ordinary

375,000

59,500

 

 

11

Related party transactions



Summary of transactions with parent

Anglers Arms (Lindholme) Ltd is a company registered in England number 14854177.
Mr AC Grantham and Mrs RA Grantham, directors of the company are directors of Anglers Arms (Lindholme) Ltd.

 

Loans to related parties

2024

Parent
£

Total
£

Advanced

2,175,000

2,175,000

Repaid

(375,000)

(375,000)

At end of period

1,800,000

1,800,000