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REGISTERED NUMBER: 01932007 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

COLERIDGE LODGE LIMITED

COLERIDGE LODGE LIMITED (REGISTERED NUMBER: 01932007)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COLERIDGE LODGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: B Davis
T C Davis





REGISTERED OFFICE: 3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW





BUSINESS ADDRESS: 11 Tithe Barn
Felmersham
Bedfordshire
MK43 7JF





REGISTERED NUMBER: 01932007 (England and Wales)





ACCOUNTANTS: GKP (Ampthill) Limited
Chartered Accountants
3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW

COLERIDGE LODGE LIMITED (REGISTERED NUMBER: 01932007)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,233 1,541
Investments 6 220,131 -
Investment property 7 190,000 190,000
411,364 191,541

CURRENT ASSETS
Debtors 8 14,452 -
Cash at bank 14,355 580,202
28,807 580,202
CREDITORS
Amounts falling due within one year 9 3,190 302,627
NET CURRENT ASSETS 25,617 277,575
TOTAL ASSETS LESS CURRENT
LIABILITIES

436,981

469,116

CAPITAL AND RESERVES
Called up share capital 80,082 80,082
Retained earnings 356,899 389,034
SHAREHOLDERS' FUNDS 436,981 469,116

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

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

COLERIDGE LODGE LIMITED (REGISTERED NUMBER: 01932007)

BALANCE SHEET - continued
31 MAY 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 25 November 2024 and were signed on its behalf by:





B Davis - Director


COLERIDGE LODGE LIMITED (REGISTERED NUMBER: 01932007)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Coleridge Lodge 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents investment income, mortgage interest and rental income.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation has been provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life. It is calculated at the following rates:

Fixtures and fittings - 25% on cost
Computer equipment - 20% 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 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.

COLERIDGE LODGE LIMITED (REGISTERED NUMBER: 01932007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. ACCOUNTING POLICIES - continued

Fixed asset investments
Fixed asset investments are shown at the year end market valuation. Revaluation gains and losses are recognised in the year in which they occur.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 3,307 2,619 5,926
DEPRECIATION
At 1 June 2023 3,307 1,078 4,385
Charge for year - 308 308
At 31 May 2024 3,307 1,386 4,693
NET BOOK VALUE
At 31 May 2024 - 1,233 1,233
At 31 May 2023 - 1,541 1,541

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 198,804
Revaluations 21,327
At 31 May 2024 220,131
NET BOOK VALUE
At 31 May 2024 220,131

Fixed asset investments were valued on an open market basis on 31st May 2024.

COLERIDGE LODGE LIMITED (REGISTERED NUMBER: 01932007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 190,000
NET BOOK VALUE
At 31 May 2024 190,000
At 31 May 2023 190,000

Investment properties were valued at open market value by the director.

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2023 190,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 14,452 -

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts - 297,947
Accruals and deferred income 3,190 4,680
3,190 302,627

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
B Davis
Balance outstanding at start of year 297,946 370,025
Amounts advanced 65,312 67,938
Amounts repaid (377,711 ) (140,017 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (14,453 ) 297,946

The loan is interest free (2023: £nil) and there are no set repayments terms.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B Davis.