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REGISTERED NUMBER: 06111631 (England and Wales)













Unaudited Financial Statements

for the Period 1 July 2023 to 29 June 2024

for

Host Lincoln Limited

Host Lincoln Limited (Registered number: 06111631)






Contents of the Financial Statements
for the Period 1 July 2023 to 29 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Host Lincoln Limited

Company Information
for the Period 1 July 2023 to 29 June 2024







DIRECTORS: K M Jones
M D Russell





REGISTERED OFFICE: Unit 5 Oak House
Waterside South
Lincoln
Lincolnshire
LN5 7FB





REGISTERED NUMBER: 06111631 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Oak Tree House, Harwood Road
Northminster Business Park
Upper Poppleton
York
YO26 6QU

Host Lincoln Limited (Registered number: 06111631)

Balance Sheet
29 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 71,934 90,111

CURRENT ASSETS
Debtors 5 79,749 31,189
Cash at bank 183,845 157,025
263,594 188,214
CREDITORS
Amounts falling due within one year 6 116,373 63,075
NET CURRENT ASSETS 147,221 125,139
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,155

215,250

CREDITORS
Amounts falling due after more than one
year

7

(18,509

)

(33,351

)

PROVISIONS FOR LIABILITIES 10 (17,984 ) (17,121 )
NET ASSETS 182,662 164,778

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 182,660 164,776
SHAREHOLDERS' FUNDS 182,662 164,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 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.

Host Lincoln Limited (Registered number: 06111631)

Balance Sheet - continued
29 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 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 13 March 2025 and were signed on its behalf by:





K M Jones - Director


Host Lincoln Limited (Registered number: 06111631)

Notes to the Financial Statements
for the Period 1 July 2023 to 29 June 2024

1. STATUTORY INFORMATION

Host Lincoln 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption
All transactions entered into with companies under common control were concluded under normal market conditions, therefore no further disclosures is necessary in accordance with FRS102 section 1A

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group nor transactions with directors conducted at a market rate.

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

Income recognition
Income is recognised when the conditions contained within a contract for services have been met.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 20% on reducing balance

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.


Host Lincoln Limited (Registered number: 06111631)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 29 June 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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 period was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023
and 29 June 2024 680 7,784 181,332 189,796
DEPRECIATION
At 1 July 2023 526 4,828 94,331 99,685
Charge for period 38 739 17,400 18,177
At 29 June 2024 564 5,567 111,731 117,862
NET BOOK VALUE
At 29 June 2024 116 2,217 69,601 71,934
At 30 June 2023 154 2,956 87,001 90,111

Host Lincoln Limited (Registered number: 06111631)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 29 June 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Computer
equipment
£   
COST
At 1 July 2023
and 29 June 2024 35,968
DEPRECIATION
At 1 July 2023 10,910
Charge for period 5,012
At 29 June 2024 15,922
NET BOOK VALUE
At 29 June 2024 20,046
At 30 June 2023 25,058

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,562 -
Amounts owed by group undertakings 2,158 -
Other debtors 37,108 12,060
Directors' current accounts 19,262 -
Prepayments and accrued income 17,659 19,129
79,749 31,189

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 5,827 13,407
Trade creditors 37,733 16,100
Amounts owed to group undertakings 3,225 -
Taxation and social security 25,464 6,001
Other creditors 30,675 15,112
Directors' current accounts - 2,426
Accruals and deferred income 3,449 29
116,373 63,075

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 18,509 26,647
Hire purchase contracts (see note 8) - 6,704
18,509 33,351

Host Lincoln Limited (Registered number: 06111631)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 29 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

The bank loan is repayable over 6 years, with no repayment due for the first year, at an interest rate of 2.5% commencing after 1 year. The loan is due to mature in June 2026.

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 5,827 13,407
Between one and five years - 6,704
5,827 20,111

Non-cancellable operating leases
2024 2023
£    £   
Within one year 10,875 17,732
Between one and five years 11,452 22,327
22,327 40,059

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 5,827 20,111

Hire purchase contracts are secured on the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 17,984 17,121

Deferred
tax
£   
Balance at 1 July 2023 17,121
Provided during period 863
Balance at 29 June 2024 17,984

Host Lincoln Limited (Registered number: 06111631)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 29 June 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 29 June 2024 and 30 June 2023:

2024 2023
£    £   
M D Russell
Balance outstanding at start of period (2,426 ) (37,107 )
Amounts advanced 21,777 -
Amounts repaid (89 ) 34,681
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 19,262 (2,426 )

12. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Freethought Group Limited, a private company, limited by shares, registered in England and Wales. The company's registered office is Unit 5 Oak House, Witham Park, Waterside South, Lincoln, Lincolnshire, LN5 7FB.

13. FIRST YEAR ADOPTION

01.03.22 30.06.23

Equity as reported under FRS105 197,940 181,899

Equity as reported under FRS102 197,940 164,778