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REGISTERED NUMBER: 13530681 (England and Wales)











LOOKING GLASS LODGE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024






LOOKING GLASS LODGE LIMITED (REGISTERED NUMBER: 13530681)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


LOOKING GLASS LODGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: R J Goodman
Mrs L A Goodman





REGISTERED OFFICE: The Coach House, Grangewood Battery Hill
Fairlight
Hastings
East Sussex
TN35 4AL





REGISTERED NUMBER: 13530681 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

LOOKING GLASS LODGE LIMITED (REGISTERED NUMBER: 13530681)

BALANCE SHEET
31ST JULY 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 199,104 231,955

CURRENT ASSETS
Debtors 5 218 152
Cash at bank 4,299 4,568
4,517 4,720
CREDITORS
Amounts falling due within one year 6 337,429 202,221
NET CURRENT LIABILITIES (332,912 ) (197,501 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(133,808

)

34,454

CREDITORS
Amounts falling due after more than
one year

7

-

165,217
NET LIABILITIES (133,808 ) (130,763 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (133,908 ) (130,863 )
SHAREHOLDERS' FUNDS (133,808 ) (130,763 )

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

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

LOOKING GLASS LODGE LIMITED (REGISTERED NUMBER: 13530681)

BALANCE SHEET - continued
31ST JULY 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 11th March 2025 and were signed on its behalf by:





R J Goodman - Director


LOOKING GLASS LODGE LIMITED (REGISTERED NUMBER: 13530681)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024


1. STATUTORY INFORMATION

Looking Glass Lodge 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.

The presentation currency of the financial statements is the 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.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

LOOKING GLASS LODGE LIMITED (REGISTERED NUMBER: 13530681)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st August 2023 233,545 84,819 318,364
Additions 5,479 - 5,479
At 31st July 2024 239,024 84,819 323,843
DEPRECIATION
At 1st August 2023 55,874 30,535 86,409
Charge for year 27,473 10,857 38,330
At 31st July 2024 83,347 41,392 124,739
NET BOOK VALUE
At 31st July 2024 155,677 43,427 199,104
At 31st July 2023 177,671 54,284 231,955

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors - 152
Prepayments 218 -
218 152

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors 2,741 5,730
Taxation and social security 2,738 1,900
Other creditors 331,950 194,591
337,429 202,221

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
as restated
£    £   
Bank loans - 165,217

LOOKING GLASS LODGE LIMITED (REGISTERED NUMBER: 13530681)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as
restated
£    £   
100 Ordinary £1 100 100

9. GOING CONCERN

The company made losses during the early periods of its existence due to the costs of setting up the company and building the holiday accommodation. The balance sheet therefore shows negative reserves. The continued support of the directors is not expected to be withdrawn. The accounts have therefore been prepared on the going concern basis by the directors.