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COMPANY REGISTRATION NUMBER: 10331520
Little Horseshoe Lake Limited
Filleted Unaudited Financial Statements
31 August 2024
Little Horseshoe Lake Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
4
890
Tangible assets
5
40,414
42,975
-------
-------
40,414
43,865
Current assets
Debtors
6
56,622
1,259
Cash at bank and in hand
32,575
70,607
-------
-------
89,197
71,866
Creditors: amounts falling due within one year
7
77,955
110,835
-------
--------
Net current assets/(liabilities)
11,242
( 38,969)
-------
-------
Total assets less current liabilities
51,656
4,896
-------
------
Net assets
51,656
4,896
-------
------
Capital and reserves
Called up share capital
100
100
Profit and loss account
51,556
4,796
-------
------
Shareholders funds
51,656
4,896
-------
------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 26 March 2025 , and are signed on behalf of the board by:
Mrs A F Scott
Director
Company registration number: 10331520
Little Horseshoe Lake Limited
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5-11 Mortimer Street, London, W1T 3HS, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Revenue recognition
Turnover is measured at the amount receivable for rentals during the year, net of Value Added Tax.
(c) Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
(d) Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
(e) Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Online booking system
-
25% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
(f) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(g) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
3% straight line
Plant and machinery
-
25% straight line
Fixtures and fittings
-
25% straight line
Equipment
-
25% straight line
(h) Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Grants relate to amounts receivable in respect of the Non-Domestic Renewable Heat Incentive.
(i) Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. The company only has basic financial instruments which are initially recognised at the transaction price. Financial assets that are measured at cost and are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4. Intangible assets
Online booking system
£
Cost
At 1 September 2023 and 31 August 2024
3,604
------
Amortisation
At 1 September 2023
2,714
Charge for the year
890
------
At 31 August 2024
3,604
------
Carrying amount
At 31 August 2024
------
At 31 August 2023
890
------
5. Tangible assets
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 September 2023
23,681
71,821
1,298
96,800
Additions
12,415
8,476
20,891
-------
-------
------
--------
At 31 August 2024
36,096
80,297
1,298
117,691
-------
-------
------
--------
Depreciation
At 1 September 2023
18,764
33,809
1,252
53,825
Charge for the year
5,448
17,958
46
23,452
-------
-------
------
--------
At 31 August 2024
24,212
51,767
1,298
77,277
-------
-------
------
--------
Carrying amount
At 31 August 2024
11,884
28,530
40,414
-------
-------
------
--------
At 31 August 2023
4,917
38,012
46
42,975
-------
-------
------
--------
6. Debtors
2024
2023
£
£
Amounts owed by parent undertaking
55,554
Other debtors
1,068
1,259
-------
------
56,622
1,259
-------
------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
12,823
10,927
Corporation tax
6,954
Social security and other taxes
12,706
13,066
Other creditors
45,472
86,842
-------
--------
77,955
110,835
-------
--------