Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The principal activity of the company will be that of property rentals.2023-04-01false00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13275248 2023-04-01 2024-03-31 13275248 2022-04-01 2023-03-31 13275248 2024-03-31 13275248 2023-03-31 13275248 c:Director1 2023-04-01 2024-03-31 13275248 c:Director2 2023-04-01 2024-03-31 13275248 d:FurnitureFittings 2023-04-01 2024-03-31 13275248 d:FurnitureFittings 2024-03-31 13275248 d:FurnitureFittings 2023-03-31 13275248 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13275248 d:LeaseholdInvestmentProperty 2024-03-31 13275248 d:LeaseholdInvestmentProperty 2023-03-31 13275248 d:CurrentFinancialInstruments 2024-03-31 13275248 d:CurrentFinancialInstruments 2023-03-31 13275248 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13275248 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13275248 d:ShareCapital 2024-03-31 13275248 d:ShareCapital 2023-03-31 13275248 d:RetainedEarningsAccumulatedLosses 2024-03-31 13275248 d:RetainedEarningsAccumulatedLosses 2023-03-31 13275248 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 13275248 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 13275248 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 13275248 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 13275248 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13275248 c:OrdinaryShareClass1 2024-03-31 13275248 c:OrdinaryShareClass1 2023-03-31 13275248 c:OrdinaryShareClass2 2023-04-01 2024-03-31 13275248 c:OrdinaryShareClass2 2024-03-31 13275248 c:OrdinaryShareClass2 2023-03-31 13275248 c:OrdinaryShareClass3 2023-04-01 2024-03-31 13275248 c:OrdinaryShareClass3 2024-03-31 13275248 c:OrdinaryShareClass3 2023-03-31 13275248 c:OrdinaryShareClass4 2023-04-01 2024-03-31 13275248 c:OrdinaryShareClass4 2024-03-31 13275248 c:OrdinaryShareClass4 2023-03-31 13275248 c:FRS102 2023-04-01 2024-03-31 13275248 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13275248 c:FullAccounts 2023-04-01 2024-03-31 13275248 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13275248 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13275248









NORTH LODGE PROPERTY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
NORTH LODGE PROPERTY LIMITED
REGISTERED NUMBER: 13275248

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
533
761

Investment property
 5 
1,208,000
1,208,000

  
1,208,533
1,208,761

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
31,011
30,896

Cash at bank and in hand
  
8,820
27,231

  
39,831
58,127

Creditors: amounts falling due within one year
 7 
(1,300,154)
(1,309,881)

NET CURRENT LIABILITIES
  
 
 
(1,260,323)
 
 
(1,251,754)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(51,790)
(42,993)

  

NET LIABILITIES
  
(51,790)
(42,993)


CAPITAL AND RESERVES
  

Called up share capital 
 9 
4
4

Profit and loss account
  
(51,794)
(42,997)

  
(51,790)
(42,993)


Page 1

 
NORTH LODGE PROPERTY LIMITED
REGISTERED NUMBER: 13275248
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






M Spears
J Dwerryhouse-Spears
Director
Director


Date: 19 November 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
NORTH LODGE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

North Lodge Properties Limited is a private company limited by shares and incorporated in England and Wales. It's registered office is Salisbury House, Station Road, Cambridge, CB1 2LA.  It's princpial place of business is 40 Kneeswoth Street, Royston, SG8 5AQ.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

GOING CONCERN

The Company had net liabilities of £51,790 at 31 March 2024 (2023: £42,993). The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive financial support from its shareholders to provide sufficient funds to enable it to meet its liabilities as they fall due.

 
2.3

CURRENT AND DEFERRED TAXATION

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 3

 
NORTH LODGE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 4

 
NORTH LODGE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


EMPLOYEES

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).


4.


TANGIBLE FIXED ASSETS





Fixtures and fittings

£



COST OR VALUATION


At 1 April 2023
1,141



At 31 March 2024

1,141



DEPRECIATION


At 1 April 2023
380


Charge for the year on owned assets
228



At 31 March 2024

608



NET BOOK VALUE



At 31 March 2024
533



At 31 March 2023
761


5.


INVESTMENT PROPERTY


Freehold investment property

£



VALUATION


At 1 April 2023
1,208,000



AT 31 MARCH 2024
1,208,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.






Page 5

 
NORTH LODGE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


DEBTORS

2024
2023
£
£


Prepayments and accrued income
3,824
3,766

Deferred taxation
27,187
27,130

31,011
30,896



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Corporation tax
-
4,546

Other creditors
1,296,589
1,302,034

Accruals and deferred income
3,565
3,301

1,300,154
1,309,881



8.


DEFERRED TAXATION




2024


£






At beginning of year
27,130


Charged to profit or loss
57



AT END OF YEAR
27,187

The deferred tax asset is made up as follows:

2024
2023
£
£


Investment revaluation
27,320
27,320

Accelerated capital allowances
(133)
(190)

27,187
27,130

Page 6

 
NORTH LODGE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2023 - 100) Ordinary A shares of £0.01 each
1
1
100 (2023 - 100) Ordinary B shares of £0.01 each
1
1
100 (2023 - 100) Ordinary C shares of £0.01 each
1
1
100 (2023 - 100) Ordinary D shares of £0.01 each
1
1

4

4


 
Page 7