Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 13680547 Mr Tommy Billingham Mr Tommy Billingham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13680547 2023-10-31 13680547 2024-10-31 13680547 2023-11-01 2024-10-31 13680547 frs-core:CurrentFinancialInstruments 2024-10-31 13680547 frs-core:Non-currentFinancialInstruments 2024-10-31 13680547 frs-core:FurnitureFittings 2024-10-31 13680547 frs-core:FurnitureFittings 2023-11-01 2024-10-31 13680547 frs-core:FurnitureFittings 2023-10-31 13680547 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 13680547 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 13680547 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 13680547 frs-core:ShareCapital 2024-10-31 13680547 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 13680547 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 13680547 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 13680547 frs-bus:SmallEntities 2023-11-01 2024-10-31 13680547 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 13680547 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 13680547 frs-bus:Director1 2023-11-01 2024-10-31 13680547 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 13680547 frs-countries:EnglandWales 2023-11-01 2024-10-31 13680547 2022-10-31 13680547 2023-10-31 13680547 2022-11-01 2023-10-31 13680547 frs-core:CurrentFinancialInstruments 2023-10-31 13680547 frs-core:Non-currentFinancialInstruments 2023-10-31 13680547 frs-core:ShareCapital 2023-10-31 13680547 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 13680547
Lake Hotels Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Air Accounting Ltd
Park View Business Centre
Combermere
Whitchurch
Cheshire
SY13 4AL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13680547
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 822,897 1,907,834
822,897 1,907,834
CURRENT ASSETS
Debtors 5 242,839 199,054
Cash at bank and in hand 239 14,856
243,078 213,910
Creditors: Amounts Falling Due Within One Year 6 (85,257 ) (600 )
NET CURRENT ASSETS (LIABILITIES) 157,821 213,310
TOTAL ASSETS LESS CURRENT LIABILITIES 980,718 2,121,144
Creditors: Amounts Falling Due After More Than One Year 7 (1,047,085 ) (1,080,241 )
NET (LIABILITIES)/ASSETS (66,367 ) 1,040,903
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (66,368 ) 1,040,902
SHAREHOLDERS' FUNDS (66,367) 1,040,903
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Tommy Billingham
Director
3rd June 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lake Hotels Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13680547 . The registered office is 24 Apex House, Thomas Street, Trethomas, Caerphilly, CF83 8DP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation
Fixtures & Fittings 10% reducing balance
2.4. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2023 1,826,838 89,996 1,916,834
As at 31 October 2024 1,826,838 89,996 1,916,834
Depreciation
As at 1 November 2023 - 9,000 9,000
Provided during the period - 8,099 8,099
Impairment losses 1,076,838 - 1,076,838
As at 31 October 2024 1,076,838 17,099 1,093,937
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 October 2024 750,000 72,897 822,897
As at 1 November 2023 1,826,838 80,996 1,907,834
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 167,244 154,763
Amounts owed by other participating interests 75,595 44,291
242,839 199,054
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 84,657 -
Amounts owed to related parties 600 600
85,257 600
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,047,085 1,080,241
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Related Party Transactions
During the period the company received rental income amounting to £60,450 (2022 - £250,000) from UK Leisure Investments Limited. The company and UK Leisure Investments Limited are connected by virtue of both being wholly owned subsidiaries of UK Capital Holdings Limited. 
Page 4