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REGISTERED NUMBER: 13527086 (England and Wales)















Unaudited Financial Statements

for the Period 1 August 2023 to 31 October 2024

for

Lakeland Garden Spaces Limited

Lakeland Garden Spaces Limited (Registered number: 13527086)






Contents of the Financial Statements
for the Period 1 August 2023 to 31 October 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Lakeland Garden Spaces Limited (Registered number: 13527086)

Balance Sheet
31 October 2024

31.10.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,943 42,984

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 5 1 17,806
Cash at bank 12,080 3,277
15,081 24,083
CREDITORS
Amounts falling due within one year 6 30,385 40,084
NET CURRENT LIABILITIES (15,304 ) (16,001 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,639

26,983

CREDITORS
Amounts falling due after more than one
year

7

(17,952

)

(23,002

)

PROVISIONS FOR LIABILITIES (5,500 ) (2,943 )
NET (LIABILITIES)/ASSETS (9,813 ) 1,038

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (10,813 ) 38
(9,813 ) 1,038

Lakeland Garden Spaces Limited (Registered number: 13527086)

Balance Sheet - continued
31 October 2024


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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





A B Mitchell - Director


Lakeland Garden Spaces Limited (Registered number: 13527086)

Notes to the Financial Statements
for the Period 1 August 2023 to 31 October 2024

1. STATUTORY INFORMATION

Lakeland Garden Spaces Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13527086

Registered office: Lowther House
34 Lowther Street
Kendal
Cumbria
LA9 4DX

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.

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.
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Lakeland Garden Spaces Limited (Registered number: 13527086)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 31 October 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2023 18,000 332 34,371 52,703
Disposals (8,420 ) - - (8,420 )
At 31 October 2024 9,580 332 34,371 44,283
DEPRECIATION
At 1 August 2023 2,700 145 6,874 9,719
Charge for period 2,295 47 5,499 7,841
Eliminated on disposal (2,220 ) - - (2,220 )
At 31 October 2024 2,775 192 12,373 15,340
NET BOOK VALUE
At 31 October 2024 6,805 140 21,998 28,943
At 31 July 2023 15,300 187 27,497 42,984

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.7.23
£    £   
Trade debtors - 17,770
Other debtors 1 36
1 17,806

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.7.23
£    £   
Bank loans and overdrafts 226 -
Finance leases 4,740 4,740
Trade creditors - 2,523
Taxation and social security 22,802 9,633
Other creditors 2,617 23,188
30,385 40,084

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.7.23
£    £   
Finance leases 17,952 23,002

Lakeland Garden Spaces Limited (Registered number: 13527086)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 31 October 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 October 2024 and the year ended 31 July 2023:

31.10.24 31.7.23
£    £   
B Little
Balance outstanding at start of period - 1,364
Amounts advanced - 12,562
Amounts repaid - (13,926 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - -