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REGISTERED NUMBER: 07545992 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

LODGE ESTATES LTD

LODGE ESTATES LTD (REGISTERED NUMBER: 07545992)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LODGE ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: J Goldberg





REGISTERED OFFICE: 6 Paget Road
South Tottenham
London
N16 5NQ





REGISTERED NUMBER: 07545992 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

LODGE ESTATES LTD (REGISTERED NUMBER: 07545992)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 109 128
Investment property 5 1,000,000 1,000,000
1,000,109 1,000,128

CURRENT ASSETS
Debtors 6 75,000 75,000
Cash at bank 13,761 22,303
88,761 97,303
CREDITORS
Amounts falling due within one year 7 (301,552 ) (306,720 )
NET CURRENT LIABILITIES (212,791 ) (209,417 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

787,318

790,711

CREDITORS
Amounts falling due after more than one
year

8

(551,908

)

(556,908

)
NET ASSETS 235,410 233,803

CAPITAL AND RESERVES
Called up share capital 10 1 1
Revaluation reserve 11 181,564 181,564
Retained earnings 11 53,845 52,238
SHAREHOLDERS' FUNDS 235,410 233,803

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LODGE ESTATES LTD (REGISTERED NUMBER: 07545992)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 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 director and authorised for issue on 28 November 2024 and were signed by:





J Goldberg - Director


LODGE ESTATES LTD (REGISTERED NUMBER: 07545992)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Lodge Estates Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

LODGE ESTATES LTD (REGISTERED NUMBER: 07545992)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2023
and 29 February 2024 562
DEPRECIATION
At 1 March 2023 434
Charge for year 19
At 29 February 2024 453
NET BOOK VALUE
At 29 February 2024 109
At 28 February 2023 128

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 1,000,000
NET BOOK VALUE
At 29 February 2024 1,000,000
At 28 February 2023 1,000,000

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2017 181,114
Cost 818,886
1,000,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 75,000 75,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Tax 382 4,743
Other creditors 299,802 300,189
Accrued expenses 1,368 1,788
301,552 306,720

LODGE ESTATES LTD (REGISTERED NUMBER: 07545992)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans more 5 yrs non-inst 540,241 540,241
Other loans more 5yrs instal 11,667 16,667
551,908 556,908

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 540,241 540,241

Repayable by instalments
Other loans more 5yrs instal 11,667 16,667

9. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 540,241 540,241

Under the bank loan, £11,667 was received under Bounce back Loan Scheme (BBL). The loan is unsecured,
interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 March 2023 52,238 181,564 233,802
Profit for the year 1,607 1,607
At 29 February 2024 53,845 181,564 235,409

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Goldberg.