10 8 Lenches Lakes Limited 04747567 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is fishing and outdoor swimming Digita Accounts Production Advanced 6.30.9574.0 true 04747567 2023-05-01 2024-04-30 04747567 2024-04-30 04747567 bus:OrdinaryShareClass1 2024-04-30 04747567 core:CurrentFinancialInstruments 2024-04-30 04747567 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 04747567 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 04747567 core:Goodwill 2024-04-30 04747567 core:ConstructionInProgressAssetsUnderConstruction 2024-04-30 04747567 core:FurnitureFittings 2024-04-30 04747567 core:PlantMachinery 2024-04-30 04747567 bus:SmallEntities 2023-05-01 2024-04-30 04747567 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 04747567 bus:FilletedAccounts 2023-05-01 2024-04-30 04747567 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 04747567 bus:RegisteredOffice 2023-05-01 2024-04-30 04747567 bus:Director2 2023-05-01 2024-04-30 04747567 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 04747567 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04747567 core:Goodwill 2023-05-01 2024-04-30 04747567 core:ConstructionInProgressAssetsUnderConstruction 2023-05-01 2024-04-30 04747567 core:FurnitureFittings 2023-05-01 2024-04-30 04747567 core:LeaseholdImprovements 2023-05-01 2024-04-30 04747567 core:MotorVehicles 2023-05-01 2024-04-30 04747567 core:OfficeEquipment 2023-05-01 2024-04-30 04747567 core:PlantMachinery 2023-05-01 2024-04-30 04747567 countries:EnglandWales 2023-05-01 2024-04-30 04747567 2023-04-30 04747567 core:Goodwill 2023-04-30 04747567 core:ConstructionInProgressAssetsUnderConstruction 2023-04-30 04747567 core:FurnitureFittings 2023-04-30 04747567 core:PlantMachinery 2023-04-30 04747567 2022-05-01 2023-04-30 04747567 2023-04-30 04747567 bus:OrdinaryShareClass1 2023-04-30 04747567 core:CurrentFinancialInstruments 2023-04-30 04747567 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 04747567 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 04747567 core:ConstructionInProgressAssetsUnderConstruction 2023-04-30 04747567 core:FurnitureFittings 2023-04-30 04747567 core:PlantMachinery 2023-04-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 04747567

Lenches Lakes Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Lenches Lakes Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Lenches Lakes Limited

(Registration number: 04747567)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

61,220

81,515

Current assets

 

Stocks

6

4,700

4,700

Debtors

7

3,077

1,312

Cash at bank and in hand

 

9,360

5,357

 

17,137

11,369

Creditors: Amounts falling due within one year

8

(67,529)

(76,621)

Net current liabilities

 

(50,392)

(65,252)

Total assets less current liabilities

 

10,828

16,263

Creditors: Amounts falling due after more than one year

8

(14,035)

(16,140)

Net (liabilities)/assets

 

(3,207)

123

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

(3,307)

23

Shareholders' (deficit)/funds

 

(3,207)

123

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 January 2025 and signed on its behalf by:
 

.........................................
S A Badger
Director

 

Lenches Lakes Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Brock House
Low Road
Church Lench, Evesham
Worcestershire
WR11 4UH
United Kingdom

The principal place of business is:
Hill Barn Orchard
Evesham Road
Church Lench
Worcestershire
WR11 4UB
United Kingdom

These financial statements were authorised for issue by the Board on 30 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable from the operation of a fishing lake and related facilites during the period.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Lenches Lakes Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Property improvements

10% straight line

Plant and machinery

25% reducing balance

Fixtures and fittings

25% reducing balance

Motor vehicles

20% straight line

Office equipment

33.33% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Lenches Lakes Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Lenches Lakes Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2023 - 8).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 May 2023

10,000

10,000

At 30 April 2024

10,000

10,000

Amortisation

At 1 May 2023

10,000

10,000

At 30 April 2024

10,000

10,000

Carrying amount

At 30 April 2024

-

-

5

Tangible assets

Property improvements
 £

Fixtures and equipment
£

Plant and vehicles
£

Total
£

Cost or valuation

At 1 May 2023

103,228

44,500

80,314

228,042

Additions

-

641

-

641

At 30 April 2024

103,228

45,141

80,314

228,683

Depreciation

At 1 May 2023

62,354

36,947

47,226

146,527

Charge for the year

8,160

2,588

10,188

20,936

At 30 April 2024

70,514

39,535

57,414

167,463

Carrying amount

At 30 April 2024

32,714

5,606

22,900

61,220

At 30 April 2023

40,874

7,553

33,088

81,515

6

Stocks

2024
£

2023
£

Raw materials and consumables

4,700

4,700

 

Lenches Lakes Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Debtors

2024
£

2023
£

Prepayments

3,077

1,312

3,077

1,312

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

2,105

3,626

Taxation and social security

 

8,510

7,101

Accruals and deferred income

 

5,131

5,064

Other creditors

 

51,783

60,830

 

67,529

76,621

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

14,035

16,140

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100