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Company Registration No. 05932785 (England and Wales)
Lobsgrove Park Developments Limited Unaudited accounts for the year ended 30 September 2024
Lobsgrove Park Developments Limited Unaudited accounts Contents
Page
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Lobsgrove Park Developments Limited Company Information for the year ended 30 September 2024
Director
Richard Gregory Hearn
Company Number
05932785 (England and Wales)
Registered Office
UNIT 1 LOBSGROVE PARK, GREENHAM WELLINGTON SOMERSET TA21 0LY
Accountants
Monksilver GP Ltd The Old Schoolhouse Monksilver Taunton Somerset TA4 4HY
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Lobsgrove Park Developments Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
911,349 
935,177 
Current assets
Debtors
12,062 
11,687 
Cash at bank and in hand
59,073 
71,026 
71,135 
82,713 
Creditors: amounts falling due within one year
(158,212)
(163,298)
Net current liabilities
(87,077)
(80,585)
Total assets less current liabilities
824,272 
854,592 
Creditors: amounts falling due after more than one year
(740,130)
(730,847)
Net assets
84,142 
123,745 
Capital and reserves
Called up share capital
202 
202 
Profit and loss account
83,940 
123,543 
Shareholders' funds
84,142 
123,745 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 June 2025 and were signed on its behalf by
Richard Gregory Hearn Director Company Registration No. 05932785
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Lobsgrove Park Developments Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Lobsgrove Park Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 05932785. The registered office is UNIT 1 LOBSGROVE PARK, GREENHAM, WELLINGTON, SOMERSET, TA21 0LY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Reducing Method 18%
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
1,352,883 
19,117 
1,372,000 
At 30 September 2024
1,352,883 
19,117 
1,372,000 
Depreciation
At 1 October 2023
420,598 
16,225 
436,823 
Charge for the year
23,307 
521 
23,828 
At 30 September 2024
443,905 
16,746 
460,651 
Net book value
At 30 September 2024
908,978 
2,371 
911,349 
At 30 September 2023
932,285 
2,892 
935,177 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,476 
5,687 
Other debtors
1,586 
6,000 
12,062 
11,687 
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Lobsgrove Park Developments Limited Notes to the Accounts for the year ended 30 September 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
5,524 
- 
Taxes and social security
- 
7,177 
Other creditors
151,938 
153,371 
Accruals
750 
2,750 
158,212 
163,298 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
740,130 
730,847 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
200 Class A ordinary Shares of £1 each
200 
200 
2 Class B Ordinary Shares of £1 each
2 
2 
202 
202 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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