Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 12045805 Mr J S Gourlay Mrs A M Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12045805 2022-12-31 12045805 2023-12-31 12045805 2023-01-01 2023-12-31 12045805 frs-core:CurrentFinancialInstruments 2023-12-31 12045805 frs-core:Non-currentFinancialInstruments 2023-12-31 12045805 frs-core:FurnitureFittings 2023-12-31 12045805 frs-core:FurnitureFittings 2023-01-01 2023-12-31 12045805 frs-core:FurnitureFittings 2022-12-31 12045805 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 12045805 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12045805 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 12045805 frs-core:RevaluationReserve 2023-01-01 2023-12-31 12045805 frs-core:RevaluationReserve 2023-12-31 12045805 frs-core:ShareCapital 2023-12-31 12045805 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12045805 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12045805 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 12045805 frs-bus:SmallEntities 2023-01-01 2023-12-31 12045805 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12045805 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12045805 frs-bus:Director1 2023-01-01 2023-12-31 12045805 frs-bus:Director2 2023-01-01 2023-12-31 12045805 frs-core:CurrentFinancialInstruments 1 2023-12-31 12045805 frs-core:Non-currentFinancialInstruments 1 2023-12-31 12045805 frs-countries:EnglandWales 2023-01-01 2023-12-31 12045805 2021-12-31 12045805 2022-12-31 12045805 2022-01-01 2022-12-31 12045805 frs-core:CurrentFinancialInstruments 2022-12-31 12045805 frs-core:Non-currentFinancialInstruments 2022-12-31 12045805 frs-core:RevaluationReserve 2022-12-31 12045805 frs-core:ShareCapital 2022-12-31 12045805 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 12045805 frs-core:CurrentFinancialInstruments 1 2022-12-31 12045805 frs-core:Non-currentFinancialInstruments 1 2022-12-31
Registered number: 12045805
Lodsworth Holdings Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12045805
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,037,000 887,793
1,037,000 887,793
CURRENT ASSETS
Cash at bank and in hand 11,008 6,739
11,008 6,739
Creditors: Amounts Falling Due Within One Year 5 (28,170 ) (25,000 )
NET CURRENT ASSETS (LIABILITIES) (17,162 ) (18,261 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,019,838 869,532
Creditors: Amounts Falling Due After More Than One Year 6 (927,401 ) (917,015 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (30,000 ) -
NET ASSETS/(LIABILITIES) 62,437 (47,483 )
CAPITAL AND RESERVES
Called up share capital 7 900 900
Revaluation reserve 8 128,378 -
Profit and Loss Account (66,841 ) (48,383 )
SHAREHOLDERS' FUNDS 62,437 (47,483)
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs A M Smith
Director
31 July 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lodsworth Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12045805 . The registered office is Gowran House 56 Broad Street, Chipping Sodbury, Bristol, BS37 6AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006
2.2. Turnover
Turnover represents property rents less agents fees.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold property None
Furnishings and equipment 20% on reducing balance from 1/1/23
No depreciation is provided on the freehold property as its value is considered to be in excess of cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Land & Property
Freehold property Furnishings and equipment Total
£ £ £
Cost or Valuation
As at 1 January 2023 841,622 46,171 887,793
Additions - 183 183
Revaluation 158,378 - 158,378
As at 31 December 2023 1,000,000 46,354 1,046,354
Depreciation
As at 1 January 2023 - - -
Provided during the period - 9,354 9,354
As at 31 December 2023 - 9,354 9,354
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2023 1,000,000 37,000 1,037,000
As at 1 January 2023 841,622 46,171 887,793
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Sundry creditors and accruals 1,170 -
Intercompany current account 2,000 -
Directors' loan accounts 25,000 25,000
28,170 25,000
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Mortgage 335,866 335,965
Directors loan account 591,535 581,050
927,401 917,015
The bank holds a first charge over the freehold property at 5 Place View, Fowey, PL23 1BJ, payable on an
interest-only basis, with full repayment in around 21 years.
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 900 900
8. Reserves
Revaluation Reserve
£
Surplus on revaluation 128,378
As at 31 December 2023 128,378
9. Related Party Transactions
The company is controlled by the Directors, who, together with the shareholders, are owed £616,535 at 31/12/23
(at 31/12/22 they were owed £606,050), which are interest-free and repayable on demand.
Page 4