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REGISTERED NUMBER: 08115272 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024

FOR

LAKE DISTRICT PROPERTIES LIMITED

LAKE DISTRICT PROPERTIES LIMITED (REGISTERED NUMBER: 08115272)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAKE DISTRICT PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 30th June 2024







DIRECTORS: Mr R L Lakin
Mr L M Lakin
Mrs S M Lakin
Mrs L Wilson





SECRETARY: Mrs L Wilson





REGISTERED OFFICE: Knoll Cottage
Rydal Road
Ambleside
Cumbria
LA22 9AY





REGISTERED NUMBER: 08115272 (England and Wales)





ACCOUNTANTS: DCB Accountants Limited
Compton House
104 Scotland Road
Penrith
Cumbria
CA11 7NR

LAKE DISTRICT PROPERTIES LIMITED (REGISTERED NUMBER: 08115272)

BALANCE SHEET
30th June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 637,229 387,743

CURRENT ASSETS
Cash at bank 10,557 127,782

CREDITORS
Amounts falling due within one year 5 1,576 19,751
NET CURRENT ASSETS 8,981 108,031
TOTAL ASSETS LESS CURRENT
LIABILITIES

646,210

495,774

CREDITORS
Amounts falling due after more than one
year

6

(530,580

)

(379,152

)

PROVISIONS FOR LIABILITIES 7 (1,843 ) (102 )
NET ASSETS 113,787 116,520

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 112,787 115,520
SHAREHOLDERS' FUNDS 113,787 116,520

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

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

LAKE DISTRICT PROPERTIES LIMITED (REGISTERED NUMBER: 08115272)

BALANCE SHEET - continued
30th June 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 4th February 2025 and were signed on its behalf by:




Mr R L Lakin - Director



Mrs S M Lakin - Director


LAKE DISTRICT PROPERTIES LIMITED (REGISTERED NUMBER: 08115272)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2024

1. STATUTORY INFORMATION

Lake District Properties 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.

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.
Freehold property - 2% on cost
Fixtures and fittings - 25% on reducing balance

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 NIL (2023 - NIL).

LAKE DISTRICT PROPERTIES LIMITED (REGISTERED NUMBER: 08115272)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1st July 2023 430,000 3,682 433,682
Additions 254,000 12,400 266,400
At 30th June 2024 684,000 16,082 700,082
DEPRECIATION
At 1st July 2023 42,792 3,147 45,939
Charge for year 13,680 3,234 16,914
At 30th June 2024 56,472 6,381 62,853
NET BOOK VALUE
At 30th June 2024 627,528 9,701 637,229
At 30th June 2023 387,208 535 387,743

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Tax 826 19,043
Accrued expenses 750 708
1,576 19,751

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Directors' loan accounts 530,580 379,152

7. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 1,843 102

Deferred
tax
£   
Balance at 1st July 2023 102
Provided during year 1,741
Balance at 30th June 2024 1,843

LAKE DISTRICT PROPERTIES LIMITED (REGISTERED NUMBER: 08115272)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1st July 2023 115,520
Deficit for the year (2,733 )
At 30th June 2024 112,787