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Registration number: 4303193

Lincolnshire Lakes Limited

Filleted Financial Statements

for the Year Ended 30 September 2024

 

Lincolnshire Lakes Limited

Registration number: 4303193

Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

292,302

292,302

Current assets

 

Stocks

150,314

123,316

Debtors

5

4,363

14,398

 

154,677

137,714

Creditors: Amounts falling due within one year

6

(335,307)

(317,284)

Net current liabilities

 

(180,630)

(179,570)

Net assets

 

111,672

112,732

Capital and reserves

 

Called up share capital

7

100

100

Revaluation reserve

91,929

91,929

Retained earnings

19,643

20,703

Shareholders' funds

 

111,672

112,732

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 June 2025 and signed on its behalf by:
 


Mr S A Hunt
Director

   
 

Lincolnshire Lakes Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
26-30 Midland Road
Scunthorpe
North Lincolnshire
DN16 1DQ

Registration number: 4303193.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 9 June 2025 was Robert Smith BSc FCA, who signed for and on behalf of RNS Chartered Accountants.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at deemed cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Lincolnshire Lakes Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold land and buildings

No depreciation is provided on land and buildings as residual value is equivalent to the deemed cost and so any depreciation is immaterial

Stocks

Work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the work in progress to their present location and
condition. At each reporting date, work in progress is assessed for impairment. If work in progress is
impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year was 0 (2023 - 0).

 

Lincolnshire Lakes Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Freehold land and buildings
£

Total
£

Cost or valuation

At 1 October 2023

292,302

292,302

At 30 September 2024

292,302

292,302

Carrying amount

At 30 September 2024

292,302

292,302

At 30 September 2023

292,302

292,302

5

Debtors

2024
£

2023
£

Amounts owed by related parties

-

13,375

Other debtors

4,363

1,023

 

4,363

14,398

 

Lincolnshire Lakes Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

6

Creditors

2024
£

2023
£

Due within one year

Trade payables

-

4,021

Amounts due to related parties

333,676

311,620

Other payables

1,631

1,643

335,307

317,284

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

8

Parent and ultimate parent undertaking

The company's immediate parent is H.G. Holdings Limited, incorporated in the UK.

 The ultimate parent is Hunt Group Limited, incorporated in the UK.

The parent of the largest and only group in which these financial statements are consolidated is Hunt Group Limited, incorporated in the UK.

The address of Hunt Group Limited is:
26-30 Midland Road
Scunthorpe
North Lincolnshire
DN16 1DQ