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REGISTERED NUMBER: 00554008 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

OLD LODGE (HOLDINGS) LIMITED

OLD LODGE (HOLDINGS) LIMITED (REGISTERED NUMBER: 00554008)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OLD LODGE (HOLDINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: P J French
A M Munday
R H McCullough





SECRETARY: A M Munday





REGISTERED OFFICE: Suite 2
West Hill House
West Hill
Epsom
Surrey
KT19 8JD





REGISTERED NUMBER: 00554008 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

OLD LODGE (HOLDINGS) LIMITED (REGISTERED NUMBER: 00554008)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 350,800 375,800
350,800 375,800

CURRENT ASSETS
Debtors 6 170,318 158,941

CREDITORS
Amounts falling due within one year 7 5,643 6,442
NET CURRENT ASSETS 164,675 152,499
TOTAL ASSETS LESS CURRENT LIABILITIES 515,475 528,299

PROVISIONS FOR LIABILITIES 8 66,470 72,720
NET ASSETS 449,005 455,579

CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair value reserve 260,073 278,823
Retained earnings 188,930 176,754
SHAREHOLDERS' FUNDS 449,005 455,579

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 19 March 2025 and were signed on its behalf by:





A M Munday - Director


OLD LODGE (HOLDINGS) LIMITED (REGISTERED NUMBER: 00554008)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Old Lodge (Holdings) 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 as modified by the revaluation of certain assets.

Significant judgements and estimates
Accounting policies which have a significant bearing on the reported financial position and results of the company may require subjective or complex judgements.

The principal on-going area of judgement is the investment property valuation where the director's opinion of fair value based on experience, yield analysis and comparison with similar properties has been obtained at each reporting date.

Deferred tax is directly and indirectly impacted by the estimation uncertainty arising within the investment
property valuation through the timing difference that exists between the valuation and the tax base cost of the properties and if relevant, the March 1982 property valuation is also utilised in arriving at the tax base cost for certain of the investment properties.

Turnover
Turnover represents rents receivable and other income net of VAT.

Revenue is recognised with reference to time as the period of rental progresses so that the amount of revenue reflects the actual right to consideration by reference to the period of rental covered. Rent not billed is included in debtors and payments on account, rent received in excess of the relevant amount of revenue is deferred to future periods to which it relates and included in deferred income within creditors.

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 cost

Investment property
Investment properties are measured at fair value. 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.


OLD LODGE (HOLDINGS) LIMITED (REGISTERED NUMBER: 00554008)

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


2. ACCOUNTING POLICIES - continued
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.

Financial instruments
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Share capital
Ordinary shares are classified as equity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2023
and 31 May 2024 160
DEPRECIATION
At 1 June 2023
and 31 May 2024 160
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

OLD LODGE (HOLDINGS) LIMITED (REGISTERED NUMBER: 00554008)

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


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 375,800
Revaluations (25,000 )
At 31 May 2024 350,800
NET BOOK VALUE
At 31 May 2024 350,800
At 31 May 2023 375,800

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2009 155,500
Valuation in 2010 30,200
Valuation in 2011 10,000
Valuation in 2012 15,000
Valuation in 2013 20,000
Valuation in 2014 45,000
Valuation in 2015 10,100
Valuation in 2016 65,000
Valuation in 2023 25,000
Valuation in 2024 (25,000 )
350,800

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 24,256 24,256

Investment properties were valued at fair value on 31 May 2024 by the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 15,346 9,849
Other debtors 154,972 149,092
170,318 158,941

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 3,034 -
Other creditors 2,609 6,442
5,643 6,442

OLD LODGE (HOLDINGS) LIMITED (REGISTERED NUMBER: 00554008)

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


8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 66,470 72,720

Deferred
tax
£   
Balance at 1 June 2023 72,720
Provided during year (6,250 )
Balance at 31 May 2024 66,470

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

10. RELATED PARTY DISCLOSURES

The amount due from Renatus Property Management Limited at the balance sheet date is £15,346 ( 2023 - £9,849). The balance bears no interest and has no repayment terms.

Included in other debtors is £120,425 (2023 - £115,219) owed by J T Hudaly. The balance bears no interest and has no repayment terms.