2023-02-012024-01-312024-01-31false11835056The Lakes Property Group Limited2025-05-1668209falseiso4217:GBPxbrli:pure118350562023-02-01118350562024-01-31118350562023-02-012024-01-31118350562022-02-01118350562023-01-31118350562022-02-012023-01-3111835056bus:SmallEntities2023-02-012024-01-3111835056bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3111835056bus:AbridgedAccounts2023-02-012024-01-3111835056bus:PrivateLimitedCompanyLtd2023-02-012024-01-3111835056core:WithinOneYear2024-01-3111835056core:AfterOneYear2024-01-3111835056core:WithinOneYear2023-01-3111835056core:AfterOneYear2023-01-3111835056core:ShareCapital2024-01-3111835056core:SharePremium2024-01-3111835056core:RevaluationReserve2024-01-3111835056core:OtherReservesSubtotal2024-01-3111835056core:RetainedEarningsAccumulatedLosses2024-01-3111835056core:ShareCapital2023-01-3111835056core:SharePremium2023-01-3111835056core:RevaluationReserve2023-01-3111835056core:OtherReservesSubtotal2023-01-3111835056core:RetainedEarningsAccumulatedLosses2023-01-3111835056core:LandBuildings2024-01-3111835056core:PlantMachinery2024-01-3111835056core:Vehicles2024-01-3111835056core:FurnitureFittings2024-01-3111835056core:OfficeEquipment2024-01-3111835056core:NetGoodwill2024-01-3111835056core:IntangibleAssetsOtherThanGoodwill2024-01-3111835056core:ListedExchangeTraded2024-01-3111835056core:UnlistedNon-exchangeTraded2024-01-3111835056core:LandBuildings2023-01-3111835056core:PlantMachinery2023-01-3111835056core:Vehicles2023-01-3111835056core:FurnitureFittings2023-01-3111835056core:OfficeEquipment2023-01-3111835056core:NetGoodwill2023-01-3111835056core:IntangibleAssetsOtherThanGoodwill2023-01-3111835056core:ListedExchangeTraded2023-01-3111835056core:UnlistedNon-exchangeTraded2023-01-3111835056core:LandBuildings2023-02-012024-01-3111835056core:PlantMachinery2023-02-012024-01-3111835056core:Vehicles2023-02-012024-01-3111835056core:FurnitureFittings2023-02-012024-01-3111835056core:OfficeEquipment2023-02-012024-01-3111835056core:NetGoodwill2023-02-012024-01-3111835056core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3111835056core:ListedExchangeTraded2023-02-012024-01-3111835056core:UnlistedNon-exchangeTraded2023-02-012024-01-3111835056core:MoreThanFiveYears2023-02-012024-01-3111835056core:Non-currentFinancialInstruments2024-01-3111835056core:Non-currentFinancialInstruments2023-01-3111835056dpl:CostSales2023-02-012024-01-3111835056dpl:DistributionCosts2023-02-012024-01-3111835056core:LandBuildings2023-02-012024-01-3111835056core:PlantMachinery2023-02-012024-01-3111835056core:Vehicles2023-02-012024-01-3111835056core:FurnitureFittings2023-02-012024-01-3111835056core:OfficeEquipment2023-02-012024-01-3111835056dpl:AdministrativeExpenses2023-02-012024-01-3111835056core:NetGoodwill2023-02-012024-01-3111835056core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3111835056dpl:GroupUndertakings2023-02-012024-01-3111835056dpl:ParticipatingInterests2023-02-012024-01-3111835056dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3111835056core:ListedExchangeTraded2023-02-012024-01-3111835056dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3111835056core:UnlistedNon-exchangeTraded2023-02-012024-01-3111835056dpl:CostSales2022-02-012023-01-3111835056dpl:DistributionCosts2022-02-012023-01-3111835056core:LandBuildings2022-02-012023-01-3111835056core:PlantMachinery2022-02-012023-01-3111835056core:Vehicles2022-02-012023-01-3111835056core:FurnitureFittings2022-02-012023-01-3111835056core:OfficeEquipment2022-02-012023-01-3111835056dpl:AdministrativeExpenses2022-02-012023-01-3111835056core:NetGoodwill2022-02-012023-01-3111835056core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3111835056dpl:GroupUndertakings2022-02-012023-01-3111835056dpl:ParticipatingInterests2022-02-012023-01-3111835056dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3111835056core:ListedExchangeTraded2022-02-012023-01-3111835056dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3111835056core:UnlistedNon-exchangeTraded2022-02-012023-01-3111835056core:NetGoodwill2024-01-3111835056core:IntangibleAssetsOtherThanGoodwill2024-01-3111835056core:LandBuildings2024-01-3111835056core:PlantMachinery2024-01-3111835056core:Vehicles2024-01-3111835056core:FurnitureFittings2024-01-3111835056core:OfficeEquipment2024-01-3111835056core:AfterOneYear2024-01-3111835056core:WithinOneYear2024-01-3111835056core:ListedExchangeTraded2024-01-3111835056core:UnlistedNon-exchangeTraded2024-01-3111835056core:ShareCapital2024-01-3111835056core:SharePremium2024-01-3111835056core:RevaluationReserve2024-01-3111835056core:OtherReservesSubtotal2024-01-3111835056core:RetainedEarningsAccumulatedLosses2024-01-3111835056core:NetGoodwill2023-01-3111835056core:IntangibleAssetsOtherThanGoodwill2023-01-3111835056core:LandBuildings2023-01-3111835056core:PlantMachinery2023-01-3111835056core:Vehicles2023-01-3111835056core:FurnitureFittings2023-01-3111835056core:OfficeEquipment2023-01-3111835056core:AfterOneYear2023-01-3111835056core:WithinOneYear2023-01-3111835056core:ListedExchangeTraded2023-01-3111835056core:UnlistedNon-exchangeTraded2023-01-3111835056core:ShareCapital2023-01-3111835056core:SharePremium2023-01-3111835056core:RevaluationReserve2023-01-3111835056core:OtherReservesSubtotal2023-01-3111835056core:RetainedEarningsAccumulatedLosses2023-01-3111835056core:NetGoodwill2022-02-0111835056core:IntangibleAssetsOtherThanGoodwill2022-02-0111835056core:LandBuildings2022-02-0111835056core:PlantMachinery2022-02-0111835056core:Vehicles2022-02-0111835056core:FurnitureFittings2022-02-0111835056core:OfficeEquipment2022-02-0111835056core:AfterOneYear2022-02-0111835056core:WithinOneYear2022-02-0111835056core:ListedExchangeTraded2022-02-0111835056core:UnlistedNon-exchangeTraded2022-02-0111835056core:ShareCapital2022-02-0111835056core:SharePremium2022-02-0111835056core:RevaluationReserve2022-02-0111835056core:OtherReservesSubtotal2022-02-0111835056core:RetainedEarningsAccumulatedLosses2022-02-0111835056core:AfterOneYear2023-02-012024-01-3111835056core:WithinOneYear2023-02-012024-01-3111835056core:Non-currentFinancialInstrumentscore:CostValuation2023-02-012024-01-3111835056core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-012024-01-3111835056core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-012024-01-3111835056core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-012024-01-3111835056core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-012024-01-3111835056core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-012024-01-3111835056core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3111835056core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3111835056core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3111835056core:Non-currentFinancialInstrumentscore:CostValuation2024-01-3111835056core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-01-3111835056core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-01-3111835056core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-01-3111835056core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-01-3111835056core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-01-3111835056core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-01-3111835056core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-01-3111835056core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-01-3111835056core:Non-currentFinancialInstrumentscore:CostValuation2023-01-3111835056core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-3111835056core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-3111835056core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-3111835056core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-3111835056core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-3111835056core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-3111835056core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-3111835056core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-3111835056bus:Director12023-02-012024-01-31

The Lakes Property Group Limited

Registered Number
11835056
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

The Lakes Property Group Limited
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

D S Williams

Registered Address

14a Main Street
Cockermouth
CA13 9LQ

Registered Number

11835056 (England and Wales)
The Lakes Property Group Limited
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3147,58237,851
147,58237,851
Current assets
Cash at bank and on hand7241,612
7241,612
Creditors amounts falling due within one year(163,295)(57,445)
Net current assets (liabilities)(162,571)(55,833)
Total assets less current liabilities(14,989)(17,982)
Creditors amounts falling due after one year(533)(933)
Net assets(15,522)(18,915)
Capital and reserves
Called up share capital11
Profit and loss account(15,523)(18,916)
Shareholders' funds(15,522)(18,915)
The financial statements were approved and authorised for issue by the Director on 16 May 2025, and are signed on its behalf by:
D S Williams
Director
Registered Company No. 11835056
The Lakes Property Group Limited
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Land and buildings2
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 February 2339,428
Additions108,863
At 31 January 24148,291
Depreciation and impairment
At 01 February 231,577
Charge for year(868)
At 31 January 24708
Net book value
At 31 January 24147,582
At 31 January 2337,851
As at 31 January 2024 the company owned investment properties with historical cost of £136,483 (2023: £27,620) which are not subject to depreciation. In the opinion of the director, the market value of the investment properties held are not materially different from their acquisition cost.