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REGISTERED NUMBER: 10782027 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Hillside Meadow Lodges Limited

Hillside Meadow Lodges Limited (Registered number: 10782027)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hillside Meadow Lodges Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: C J Cook
Mrs P A Cook
M C Cook





REGISTERED OFFICE: Canvas Farm
Knayton
THIRSK
North Yorkshire
YO7 4BR





REGISTERED NUMBER: 10782027 (England and Wales)





ACCOUNTANTS: King Hope
Chartered Accountants
34 Romanby Road
NORTHALLERTON
North Yorkshire
DL7 8NF

Hillside Meadow Lodges Limited (Registered number: 10782027)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 63
Tangible assets 5 422,906 455,228
422,906 455,291

CURRENT ASSETS
Stocks 124,982 2,228
Debtors 6 58,519 56,461
Cash at bank and in hand 714,821 680,783
898,322 739,472
CREDITORS
Amounts falling due within one year 7 (320,612 ) (227,872 )
NET CURRENT ASSETS 577,710 511,600
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,000,616

966,891

CREDITORS
Amounts falling due after more than one
year

8

(74,376

)

(91,566

)

PROVISIONS FOR LIABILITIES 10 (35,417 ) (40,073 )
NET ASSETS 890,823 835,252

CAPITAL AND RESERVES
Called up share capital 320 320
Retained earnings 890,503 834,932
890,823 835,252

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

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

Hillside Meadow Lodges Limited (Registered number: 10782027)

Balance Sheet - continued
31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





M C Cook - Director


Hillside Meadow Lodges Limited (Registered number: 10782027)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Hillside Meadow Lodges 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.

Revenue is recognised when customers acquire vacant possession of their lodges and payment received in full.

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.

Website development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Site formation - 4% on cost

Government grants
Government grant income reflects local authority COVID support received.

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 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.

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

Hillside Meadow Lodges Limited (Registered number: 10782027)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Going concern
The financial statements are prepared on a going concern basis which the Directors believe to be appropriate for the following reasons:

Due to the uncertainty of the impact of the current economic climate it is difficult to predict future trading, however, the Directors are confident that the company can maintain sufficient liquidity for the foreseeable future.

Having considered the risks and uncertainties described above, the Directors have a reasonable expectation that the Company have sufficient financial resources to meet their obligations as they fall due within the next twelve months. The Directors have therefore concluded that it is appropriate to prepare these financial statements on the going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023
and 31 January 2024 2,385
AMORTISATION
At 1 February 2023 2,322
Charge for year 63
At 31 January 2024 2,385
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 63

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 582,259
Additions 14,235
Disposals (8,000 )
At 31 January 2024 588,494
DEPRECIATION
At 1 February 2023 127,031
Charge for year 38,557
At 31 January 2024 165,588
NET BOOK VALUE
At 31 January 2024 422,906
At 31 January 2023 455,228

Hillside Meadow Lodges Limited (Registered number: 10782027)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 53,712 50,802
Prepayments 4,807 5,659
58,519 56,461

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,523 17,486
Trade creditors 75,179 9,534
Taxation and social security 56,751 75,153
Other creditors 171,159 125,699
320,612 227,872

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 74,376 91,566

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 17,717

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 91,899 109,052

The bank has a fixed and floating charge covering all property and undertakings of the company together with a personal guarantee from one of the Directors.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 35,417 40,073

Deferred
tax
£   
Balance at 1 February 2023 40,073
Credit to Income Statement during year (4,656 )
Balance at 31 January 2024 35,417

11. OTHER FINANCIAL COMMITMENTS

At the reporting date, the Company had outstanding commitments for future minimum lease payments under non-cancellable operating lease arrangement in respect of rents totalling £126,990 (2023 - £141,690).

12. RELATED PARTY DISCLOSURES

A Director has provided a personal guarantee for the company bank facilities.