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REGISTERED NUMBER: 07889233 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

STUDFORD LUXURY LODGES LIMITED

STUDFORD LUXURY LODGES LIMITED (REGISTERED NUMBER: 07889233)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STUDFORD LUXURY LODGES LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: R J Fawcett
E J R Fawcett





REGISTERED OFFICE: Studford Luxury Lodges Reception
High Street
Ampleforth
York
YO62 4BH





REGISTERED NUMBER: 07889233 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

STUDFORD LUXURY LODGES LIMITED (REGISTERED NUMBER: 07889233)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,974,734 1,994,067

CURRENT ASSETS
Debtors 5 28,025 11,133
Cash at bank 11,145 24,022
39,170 35,155
CREDITORS
Amounts falling due within one year 6 155,391 156,655
NET CURRENT LIABILITIES (116,221 ) (121,500 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,858,513

1,872,567

CREDITORS
Amounts falling due after more than one year 7 (795,546 ) (790,784 )

PROVISIONS FOR LIABILITIES (15,351 ) (18,423 )
NET ASSETS 1,047,616 1,063,360

CAPITAL AND RESERVES
Called up share capital 750,000 750,000
Retained earnings 297,616 313,360
SHAREHOLDERS' FUNDS 1,047,616 1,063,360

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

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

STUDFORD LUXURY LODGES LIMITED (REGISTERED NUMBER: 07889233)

BALANCE SHEET - continued
31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:




R J Fawcett - Director



E J R Fawcett - Director


STUDFORD LUXURY LODGES LIMITED (REGISTERED NUMBER: 07889233)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Studford Luxury lodges Limited is a company limited by shares, incorporated and domiciled in England and has its registered office and its principle place of business at High Street, Ampleforth, York, YO62 4BH.

The principal activity of the Company is letting and operating of owned real estate.

The presentational currency of the financial statements is 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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts. Turnover is recognised at point of sale.

Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the service, have been transferred to the customer.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Land & buildings-0% to 7.5% on cost
Plant & Machinery etc-10% to 25% on cost



No depreciation is provided on land.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


STUDFORD LUXURY LODGES LIMITED (REGISTERED NUMBER: 07889233)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
Taxation
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 2,053,477 221,943 211,189 4,672 2,491,281
Additions 15,123 14,864 4,699 1,114 35,800
At 31 March 2024 2,068,600 236,807 215,888 5,786 2,527,081
DEPRECIATION
At 1 April 2023 156,373 170,968 166,506 3,367 497,214
Charge for year 18,286 15,010 21,333 504 55,133
At 31 March 2024 174,659 185,978 187,839 3,871 552,347
NET BOOK VALUE
At 31 March 2024 1,893,941 50,829 28,049 1,915 1,974,734
At 31 March 2023 1,897,104 50,975 44,683 1,305 1,994,067

Included in cost of land and buildings is freehold land of £ 111,425 (2023 - £ 111,425 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates 10,000 -
Prepayments 18,025 11,133
28,025 11,133

STUDFORD LUXURY LODGES LIMITED (REGISTERED NUMBER: 07889233)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 33,379 18,810
Trade creditors 60,076 26,373
Amounts owed to associates - 14,363
Tax 4,407 7,106
Social security and other taxes 2,385 3,758
VAT 6,118 10,991
Directors' loan accounts - 9,426
Deferred income 43,171 60,895
Accrued expenses 5,855 4,933
155,391 156,655

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 19,474
Bank loans - 2-5 years - 12,009
Amounts owed to associates 795,546 759,301
795,546 790,784

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The balance owing to E J R Fawcett at 31 March 2024 was £Nil (2023 £9,426) .The loan was made on an interest free basis and is repayable on demand.

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.