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REGISTERED NUMBER: 06656943 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 April 2024

for

Eckland Lodge Business Park Limited

Eckland Lodge Business Park Limited (Registered number: 06656943)

Contents of the Financial Statements
For The Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eckland Lodge Business Park Limited

Company Information
For The Year Ended 30 April 2024







DIRECTORS: Mr D T Howes
Mr S P Howes





SECRETARY: Mrs J D Howes





REGISTERED OFFICE: Eckland Lodge Farm
Desborough Road
Market Harborough
Leicestershire
LE16 8HB





REGISTERED NUMBER: 06656943 (England and Wales)





ACCOUNTANTS: Harris & Clarke LLP
7 Billing Road
Northampton
NORTHAMPTONSHIRE
NN1 5AN

Eckland Lodge Business Park Limited (Registered number: 06656943)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 215,611 230,030
Investment property 5 5,759,770 5,759,770
5,975,381 5,989,800

CURRENT ASSETS
Debtors 6 445,486 466,303

CREDITORS
Amounts falling due within one year 7 443,967 519,417
NET CURRENT ASSETS/(LIABILITIES) 1,519 (53,114 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,976,900

5,936,686

CREDITORS
Amounts falling due after more than one year 8 3,824,219 3,789,826
NET ASSETS 2,152,681 2,146,860

Eckland Lodge Business Park Limited (Registered number: 06656943)

Balance Sheet - continued
30 April 2024

2024 2023
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 2 2
Non-distributable 2,165,356 2,165,356
Retained earnings (12,677 ) (18,498 )
SHAREHOLDERS' FUNDS 2,152,681 2,146,860

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 31 January 2025 and were signed on its behalf by:





Mr D T Howes - Director


Eckland Lodge Business Park Limited (Registered number: 06656943)

Notes to the Financial Statements
For The Year Ended 30 April 2024


1. STATUTORY INFORMATION

Eckland Lodge Business Park 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Freehold land
Plant and machinery etc - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Eckland Lodge Business Park Limited (Registered number: 06656943)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Agricultural Plant and Computer
land machinery equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 172,354 125,683 755 298,792
DEPRECIATION
At 1 May 2023 - 68,007 755 68,762
Charge for year - 14,419 - 14,419
At 30 April 2024 - 82,426 755 83,181
NET BOOK VALUE
At 30 April 2024 172,354 43,257 - 215,611
At 30 April 2023 172,354 57,676 - 230,030

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 5,759,770
NET BOOK VALUE
At 30 April 2024 5,759,770
At 30 April 2023 5,759,770

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2021 5,759,770

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 3,655,717 3,655,717

Investment property was valued on an open market basis on 11 October 2021 by professional valuers .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 52,828 55,791
Other debtors 392,658 410,512
445,486 466,303

Eckland Lodge Business Park Limited (Registered number: 06656943)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 81,479 175,632
Hire purchase contracts 16,628 2,919
Trade creditors 112,438 101,381
Taxation and social security 26,554 32,502
Other creditors 206,868 206,983
443,967 519,417

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 3,814,949 3,752,497
Hire purchase contracts 9,270 37,329
3,824,219 3,789,826

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 3,693,438 3,586,168
3,693,438 3,586,168

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 45,086 43,192
Bank loans 3,851,342 3,884,937
3,896,428 3,928,129