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REGISTERED NUMBER: 04361361 (England and Wales)







STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

LODGE PARK LIMITED

LODGE PARK LIMITED (REGISTERED NUMBER: 04361361)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025










Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Statement of Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Cash Flow Statement 13

Notes to the Cash Flow Statement 14

Notes to the Financial Statements 16


LODGE PARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTORS: Mr JB Barrett
Mr GL Darvell
Mr SC Dayer
Mr PJ Hubbard
Mr MD Swan
Mrs J S Browning





REGISTERED OFFICE: 20 Kent Road
Northampton
Northamptonshire
NN5 4DR





REGISTERED NUMBER: 04361361 (England and Wales)





AUDITORS: Bewers Turner & Co LLP
Chartered Accountants & Statutory Auditor
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

LODGE PARK LIMITED (REGISTERED NUMBER: 04361361)

STRATEGIC REPORT
FOR THE YEAR ENDED 31ST MARCH 2025


The directors present their strategic report for the year ended 31st March 2025.

REVIEW OF BUSINESS
Lodge Park Limited is pleased to report its results for the year as shown in the attached financial statements.

The principal activities of the company are house building and construction. Its area of activity includes the northern home counties of Cambridgeshire, Buckinghamshire, Oxfordshire, Bedfordshire, Hertfordshire, and also Northamptonshire.

The company works to develop the highest quality of residential housing. Residential development land continues to be sourced and secured across the region in which the company wish to build.

The directors are of the opinion that the company is a going concern based on the current order book and current plans and strategy.

PRINCIPAL RISKS AND UNCERTAINTIES
Economic and Market Risk

Risk - Poor market confidence and general employment fears impacting on demand for housing.
Control - Key economic performance indicators are regularly monitored as well as sales prices and build costs.

Funding

Risk - Lack of adequate financial resources in order to deliver plans.
Control - Cash is actively managed and funding lines are available through major UK based banks.

Planning and Regulatory

Risk - failure to obtain planning and technical consents associated with new sites
Control - Dedicated Management and Technical team of experts which monitors the planning process.

Land Acquisition

Risk - Failure to acquire sufficient land in the right locations at the required rates.
Control - Regular reviews of potential land acquisitions are carried out to ensure the land required to deliver our objectives.



LODGE PARK LIMITED (REGISTERED NUMBER: 04361361)

STRATEGIC REPORT
FOR THE YEAR ENDED 31ST MARCH 2025

FINANCIAL KEY PERFORMANCE INDICATORS
The directors have monitored the progress and profit of the company, by reference to certain key performance indicators:

-Turnover of £16,857m (2024: £18.553m)
-Profit/(Loss) after taxation of £0.592m (2024: (£0.520m))

ON BEHALF OF THE BOARD:



Mr JB Barrett - Director


11th June 2025

LODGE PARK LIMITED (REGISTERED NUMBER: 04361361)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST MARCH 2025


The directors present their report with the financial statements of the company for the year ended 31st March 2025.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of building construction.

DIVIDENDS
No dividends will be distributed for the year ended 31st March 2025.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st April 2024 to the date of this report.

Mr JB Barrett
Mr GL Darvell
Mr SC Dayer
Mr PJ Hubbard
Mr MD Swan
Mrs J S Browning

DISCLOSURE IN THE STRATEGIC REPORT
The report of the directors should be read in conjunction with the strategic report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

LODGE PARK LIMITED (REGISTERED NUMBER: 04361361)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST MARCH 2025


AUDITORS
The auditors, Bewers Turner & Co LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr JB Barrett - Director


11th June 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
LODGE PARK LIMITED


Opinion
We have audited the financial statements of Lodge Park Limited (the 'company') for the year ended 31st March 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31st March 2025 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
LODGE PARK LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
LODGE PARK LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.
- We obtained an understanding of the legal and regulatory frameworks that are applicable to the company and determined that the most significant are those that relate to the reporting framework (Financial Reporting Standard 102 and the Companies Act 2006) and the relevant direct and indirect tax compliance regulation in the United Kingdom. In addition, the Company has to comply with laws and regulations relating to its operations and health and safety.
- We understood how the Company is complying with those frameworks by making enquiries of management to understand how the Company maintains and communicates its policies and procedures in these areas, and corroborated this by reviewing supporting documentation.
- We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur by considering the risk of management override and determining revenue to be a fraud risk. We tested transactions identified back to independent evidence or source documentation. We obtained third party confirmations directly from the Company's banking partners to verify the cash held at the balance sheet date and the completeness of any commitments or contingencies.
- Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Our procedures involved review of documentation, testing of specific journals identified based upon risk criteria and enquiries of management for correspondence with the relevant authorities.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
LODGE PARK LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Paul Bewers BSc FCA (Senior Statutory Auditor)
for and on behalf of Bewers Turner & Co LLP
Chartered Accountants & Statutory Auditor
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

11th June 2025

LODGE PARK LIMITED (REGISTERED NUMBER: 04361361)

STATEMENT OF COMPREHENSIVE
INCOME
FOR THE YEAR ENDED 31ST MARCH 2025

2025 2024
Notes £    £   

TURNOVER 3 16,857,083 18,553,443

Cost of sales 14,792,297 17,801,450
GROSS PROFIT 2,064,786 751,993

Administrative expenses 1,235,947 1,466,992
828,839 (714,999 )

Other operating income - 70,000
OPERATING PROFIT/(LOSS) 6 828,839 (644,999 )


Interest payable and similar expenses 7 31,841 35,931
PROFIT/(LOSS) BEFORE TAXATION 796,998 (680,930 )

Tax on profit/(loss) 8 204,654 (160,761 )
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

592,344

(520,169

)

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

592,344

(520,169

)

LODGE PARK LIMITED (REGISTERED NUMBER: 04361361)

BALANCE SHEET
31ST MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 94,775 128,796

CURRENT ASSETS
Stocks 10 2,019,893 2,323,450
Debtors 11 9,043,281 7,878,889
Cash at bank and in hand 2,097,023 300,921
13,160,197 10,503,260
CREDITORS
Amounts falling due within one year 12 10,202,871 7,963,282
NET CURRENT ASSETS 2,957,326 2,539,978
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,052,101

2,668,774

CREDITORS
Amounts falling due after more than one
year

13

-

209,017
NET ASSETS 3,052,101 2,459,757

CAPITAL AND RESERVES
Called up share capital 18 2 2
Other reserves 19 341,710 341,710
Retained earnings 19 2,710,389 2,118,045
SHAREHOLDERS' FUNDS 3,052,101 2,459,757

The financial statements were approved by the Board of Directors and authorised for issue on 11th June 2025 and were signed on its behalf by:





Mr JB Barrett - Director


LODGE PARK LIMITED (REGISTERED NUMBER: 04361361)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31ST MARCH 2025

Called up
share Retained Other Total
capital earnings reserves equity
£    £    £    £   
Balance at 1st April 2023 2 2,638,214 341,710 2,979,926

Changes in equity
Total comprehensive income - (520,169 ) - (520,169 )
Balance at 31st March 2024 2 2,118,045 341,710 2,459,757

Changes in equity
Total comprehensive income - 592,344 - 592,344
Balance at 31st March 2025 2 2,710,389 341,710 3,052,101

LODGE PARK LIMITED (REGISTERED NUMBER: 04361361)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST MARCH 2025

2025 2024
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,870,355 98,460
Interest paid (22,178 ) (28,774 )
Interest element of hire purchase
payments paid

(9,663

)

(7,157

)
Tax paid 99,846 (17,226 )
Net cash from operating activities 1,938,360 45,303

Cash flows from investing activities
Purchase of tangible fixed assets (3,705 ) (8,544 )
Sale of tangible fixed assets - 28,500
Net cash from investing activities (3,705 ) 19,956

Cash flows from financing activities
Loan repayments in year (120,000 ) (120,000 )
Capital repayments in year (18,553 ) (16,614 )
Net cash from financing activities (138,553 ) (136,614 )

Increase/(decrease) in cash and cash equivalents 1,796,102 (71,355 )
Cash and cash equivalents at
beginning of year

2

300,921

372,276

Cash and cash equivalents at end of
year

2

2,097,023

300,921

LODGE PARK LIMITED (REGISTERED NUMBER: 04361361)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST MARCH 2025


1. RECONCILIATION OF PROFIT/(LOSS) BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2025 2024
£    £   
Profit/(loss) before taxation 796,998 (680,930 )
Depreciation charges 37,726 48,610
Profit on disposal of fixed assets - (19,694 )
Finance costs 31,841 35,931
866,565 (616,083 )
Decrease/(increase) in stocks 303,557 (215,079 )
Increase in trade and other debtors (1,388,776 ) (261,702 )
Increase in trade and other creditors 2,089,009 1,191,324
Cash generated from operations 1,870,355 98,460

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31st March 2025
31/3/25 1/4/24
£    £   
Cash and cash equivalents 2,097,023 300,921
Year ended 31st March 2024
31/3/24 1/4/23
£    £   
Cash and cash equivalents 300,921 372,276


LODGE PARK LIMITED (REGISTERED NUMBER: 04361361)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST MARCH 2025


3. ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS

At 1/4/24 Cash flow At 31/3/25
£    £    £   
Net cash
Cash at bank and in hand 300,921 1,796,102 2,097,023
300,921 1,796,102 2,097,023
Debt
Finance leases (76,105 ) 18,553 (57,552 )
Debts falling due within 1 year (120,000 ) (30,000 ) (150,000 )
Debts falling due after 1 year (150,000 ) 150,000 -
(346,105 ) 138,553 (207,552 )
Total (45,184 ) 1,934,655 1,889,471

LODGE PARK LIMITED (REGISTERED NUMBER: 04361361)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025


1. STATUTORY INFORMATION

Lodge Park 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

Significant judgements and estimates
In the application of the company's accounting policies management are required to make judgements, estimates and assumptions about carrying values of assets liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis.

The company does not have any areas of significant judgements, however, there are areas where a level of judgement is applied and this includes income recognition on contracts in progress at the balance sheet date.

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

Rendering of services
Turnover from the rendering of services is recognised when the company has performed its obligations.

The directors recognise profit on long term contracts when it can be assessed with reasonable certainty.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - at varying rates on cost
Motor vehicles - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

LODGE PARK LIMITED (REGISTERED NUMBER: 04361361)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

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 year 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.

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.

Financial instruments
The company is party to only basic financial instruments such as cash, trade debtors and creditors, and loans. Instruments such as trade debtors and creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year are measured at amortised cost using the effective interest rate.

3. TURNOVER

The turnover and profit (2024 - loss) before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2025 2024
£    £   
United Kingdom 16,857,083 18,553,443
16,857,083 18,553,443

LODGE PARK LIMITED (REGISTERED NUMBER: 04361361)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


4. EMPLOYEES AND DIRECTORS
2025 2024
£    £   
Wages and salaries 449,106 631,892
Social security costs 44,473 79,801
Other pension costs 103,520 118,500
597,099 830,193

The average number of employees during the year was as follows:
2025 2024

Directors 3 3
Technical 1 2
Operations 1 2
Surveyor 1 1
Site manager 5 5
Site staff 5 7
Administration 5 5
Marketing manager 2 3
23 28

5. DIRECTORS' EMOLUMENTS
2025 2024
£    £   
Directors' remuneration 199,619 302,506
Directors' pension contributions to money purchase schemes 38,397 56,808

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 3 3

6. OPERATING PROFIT/(LOSS)

The operating profit (2024 - operating loss) is stated after charging/(crediting):

2025 2024
£    £   
Depreciation - owned assets 37,726 48,610
Profit on disposal of fixed assets - (19,694 )
Auditors' remuneration 15,000 -

LODGE PARK LIMITED (REGISTERED NUMBER: 04361361)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


7. INTEREST PAYABLE AND SIMILAR EXPENSES
2025 2024
£    £   
Bank loan interest 22,178 28,774
Hire purchase 9,663 7,157
31,841 35,931

8. TAXATION

Analysis of the tax charge/(credit)
The tax charge/(credit) on the profit for the year was as follows:
2025 2024
£    £   
Current tax:
UK corporation tax 80,116 -
(Over)/under provision in
prior year - (17,224 )
Total current tax 80,116 (17,224 )

Deferred tax 124,538 (143,537 )
Tax on profit/(loss) 204,654 (160,761 )

Reconciliation of total tax charge/(credit) included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025 2024
£    £   
Profit/(loss) before tax 796,998 (680,930 )
Profit/(loss) multiplied by the standard rate of corporation tax in the UK
of 25% (2024 - 25%)

199,250

(170,233

)

Effects of:
Expenses not deductible for tax purposes 5,404 5,221
Depreciation in excess of capital allowances - 9,322
Change in tax rate - (5,071 )
Total tax charge/(credit) 204,654 (160,761 )

There is no expiry date on timing differences, unused tax losses or tax credits. There are no special circumstances affecting the current year tax charge and none are expected to affect future periods.

LODGE PARK LIMITED (REGISTERED NUMBER: 04361361)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


9. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st April 2024 165,528 142,301 307,829
Additions 3,705 - 3,705
Disposals (593 ) (16,249 ) (16,842 )
At 31st March 2025 168,640 126,052 294,692
DEPRECIATION
At 1st April 2024 127,760 51,273 179,033
Charge for year 12,464 25,262 37,726
Eliminated on disposal (593 ) (16,249 ) (16,842 )
At 31st March 2025 139,631 60,286 199,917
NET BOOK VALUE
At 31st March 2025 29,009 65,766 94,775
At 31st March 2024 37,768 91,028 128,796

10. STOCKS
2025 2024
£    £   
Stocks 2,019,893 2,323,450

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 4,110,059 2,713,574
Amounts owed by group undertakings 384,116 253,299
Other debtors 3,408,394 3,453,244
Directors' current accounts 1,002,589 1,088,779
Corporation tax 17,224 117,070
VAT 37,867 51,979
Deferred tax asset 22,765 147,303
Prepayments and accrued income 60,267 53,641
9,043,281 7,878,889

LODGE PARK LIMITED (REGISTERED NUMBER: 04361361)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts (see note 14) 150,000 120,000
Hire purchase contracts (see note 15) 57,552 17,088
Trade creditors 5,648,001 5,478,350
Amounts owed to group undertakings 2,119 2,119
Corporation tax 179,961 99,845
PAYE and NIC 99,940 90,691
Other creditors 3,874,258 2,073,117
Pension creditor 10,949 13,916
Accruals and deferred income 180,091 68,156
10,202,871 7,963,282

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans (see note 14) - 150,000
Hire purchase contracts (see note 15) - 59,017
- 209,017

14. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year or on demand:
Bank loans 150,000 120,000

Amounts falling due between one and two years:
Bank loans - 1-2 years - 150,000

LODGE PARK LIMITED (REGISTERED NUMBER: 04361361)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


15. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 57,552 17,088
Between one and five years - 59,017
57,552 76,105

Non-cancellable operating leases
2025 2024
£    £   
Within one year 69,423 77,204
Between one and five years 34,689 82,910
104,112 160,114

16. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 150,000 270,000
Hire purchase contracts 57,552 76,105
207,552 346,105

The hire purchase contracts are secured against the vehicles which they relate to.

Bank loans are secured under the UK government Bounce Back and Coronavirus Business Interruption loan schemes providing a full guarantee on the outstanding amount.

17. DEFERRED TAX
£   
Balance at 1st April 2024 (147,303 )
Tax losses 133,026
Accelerated capital allowances (8,488 )
Balance at 31st March 2025 (22,765 )

LODGE PARK LIMITED (REGISTERED NUMBER: 04361361)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
2 Ordinary £1 2 2

The ordinary shares have full voting rights and there are no restrictions on the distribution of dividends or repayment of capital.

19. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1st April 2024 2,118,045 341,710 2,459,755
Profit for the year 592,344 592,344
At 31st March 2025 2,710,389 341,710 3,052,099

Other reserves

Represents an unrealised gain on an intra-group property transfer.

Retained earnings

Includes cumulative realised profit and losses net of dividends paid.

20. ULTIMATE PARENT COMPANY

Lodge Park Holdings Limited is regarded by the directors as being the company's ultimate parent company.

The smallest and largest undertaking for which the company is a member and for which group financial statements are prepared is Lodge Park Holdings Limited.

21. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date the amount due to the company from the directors was £1,002,589 (2024: £1,088,779).

Directors' loans are repayable on demand and no interest is being charged on amounts outstanding.

22. RELATED PARTY DISCLOSURES

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.

LODGE PARK LIMITED (REGISTERED NUMBER: 04361361)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


22. RELATED PARTY DISCLOSURES - continued

Other related parties
2025 2024
£    £   
Sales 733,613 13,674,805
Purchases 120,000 120,000
Amount due from related party 2,702,206 2,331,687
Amount due to related party 3,870,952 1,520,222

The above represents transactions and balances with companies in which one or more of the company's directors is a director and has an interest.

23. ULTIMATE CONTROLLING PARTY

The company is under the control of directors JB Barrett and MD Swan by virtue of their shareholdings in Lodge Park Holdings Limited.