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Registered number: 09656083
TALLINGTON LAKES SITE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2024
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TALLINGTON LAKES SITE LIMITED
CONTENTS
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Statement of financial position
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Notes to the financial statements
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TALLINGTON LAKES SITE LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TALLINGTON LAKES SITE LIMITED
FOR THE YEAR ENDED 30 JUNE 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tallington Lakes Site Limited for the Year ended 30 June 2024 which comprise the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.
This report is made solely to the Director of Tallington Lakes Site Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Tallington Lakes Site Limited and state those matters that we have agreed to state to the Director of Tallington Lakes Site Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tallington Lakes Site Limited and its Director for our work or for this report.
It is your duty to ensure that Tallington Lakes Site Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position, and profit of Tallington Lakes Site Limited. You consider that Tallington Lakes Site Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or review of the financial statements of Tallington Lakes Site Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Xeinadin London Limited
Accountants
8th Floor
Becket House
36 Old Jewry
London
EC2R 8DD
16 June 2025
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TALLINGTON LAKES SITE LIMITED
REGISTERED NUMBER: 09656083
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024
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Debtors due within 1 year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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TALLINGTON LAKES SITE LIMITED
REGISTERED NUMBER: 09656083
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 4 to 10 form part of these financial statements.
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TALLINGTON LAKES SITE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Tallington Lakes Sites Limited is a private company limited by shares incorporated in England and Wales, United Kingdom. The address of the registered office is Barholm Road, Tallington, Stamford, Lincolnshire, PE9 4RJ.
The nature of the company's operations and principal activities continued to be the provision of amusement and recreational activities.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
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.
The directors have confirmed their financial support will be provided for the foreseeable future as and when required for the business. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in profit or loss in the Year in which they are incurred.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
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TALLINGTON LAKES SITE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
2.Accounting policies (continued)
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Tangible fixed assets (continued)
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Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
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Various rates on cost and nil on land
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The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.
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The average monthly number of employees, including the director, during the Year was as follows:
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TALLINGTON LAKES SITE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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Charge for the Year on owned assets
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TALLINGTON LAKES SITE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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Amounts owed by group undertakings
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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Creditors: Amounts falling due after more than one year
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TALLINGTON LAKES SITE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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Analysis of the maturity of loans is given below:
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Amounts falling due within one year
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Amounts falling due 1-2 years
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Amounts falling due 2-5 years
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The loan was repaid during the year.
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TALLINGTON LAKES SITE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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Related party transactions
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The company has taken advantage of the exemption available under FRS 102 section 33.1A, for all other transactions, where disclosures of transactions between group members are not required, provided that the subsidiary is wholly owned.
As at the year end, the Company were owed £329,546 (2023: £329,546) by Tallington Lakes Activities Limited, a company under common control.
As at the year end, the Company were owed £846,463 (2023: £846,463) by Tallington Lakes Land Limited, a company under common control.
As at the year end, the Company were owed £9,295 (2023: £9,295) by Tallington Lakes Leisure Park Limited, a company under common control.
As at the year end, the Compnay were owed £15,000 from Great Hadham Country Club Limited, a company in which N Morgan has common control.
As at the year end, the Company were owed £16,504 from Tanner Farm Park Trading Limited, a company in which N Morgan has common control.
As at the year end, the Company owed £155,822 (2023: £13,750) to Leisure Site Limited, a company under common control.
As at the year end, the Company owed £40,000 (2023: £40,000) to Venture lodges Limited, a company under common control.
As at the year end, the Company owed £2,336,669 (2023: £2,336,669) to Tallington Lakes Sales Limited, a company under common control.
As at the year end, the Company owed £63,636 (2023: £63,636) to Tallington Lakes Restaurant and Bar Limited, a company under common control.
As at the year end, the Company owed £144,546 (2023: £144,546) to Tallington Lakes Limited, a company under common control.
As at the year end, the Company owed £1,437,108 (2023: £1,437,108) to Tallington Holdings Limited, the parent company of Tallington Lakes Site Limited.
As at the year end, the Company owed £220,000 (2023: £220,000) to Ping (Herts) Operations Limited, in which K Abbott has common control.
As at the year end, the Company owed £62,157 (2023: £Nil) to Lakeside Clubhouse Limited, a company under common control.
As at the year end, the Company owed £86,671 (2023: £Nil) to Leisure Venture Land Limited, a company under common control.
As at the year end, the Company owed £741,627 to N Morgan, a director in the company.
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TALLINGTON LAKES SITE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
The company is controlled by Tallington Holdings Limited.
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