Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30Other letting and operating of own or leased real estate2023-07-01false21falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12712884 2023-07-01 2024-06-30 12712884 2022-07-01 2023-06-30 12712884 2024-06-30 12712884 2023-06-30 12712884 c:Director1 2023-07-01 2024-06-30 12712884 d:PlantMachinery 2023-07-01 2024-06-30 12712884 d:PlantMachinery 2024-06-30 12712884 d:PlantMachinery 2023-06-30 12712884 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12712884 d:MotorVehicles 2023-07-01 2024-06-30 12712884 d:MotorVehicles 2024-06-30 12712884 d:MotorVehicles 2023-06-30 12712884 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12712884 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12712884 d:CurrentFinancialInstruments 2024-06-30 12712884 d:CurrentFinancialInstruments 2023-06-30 12712884 d:Non-currentFinancialInstruments 2024-06-30 12712884 d:Non-currentFinancialInstruments 2023-06-30 12712884 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 12712884 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12712884 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 12712884 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 12712884 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 12712884 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 12712884 d:ShareCapital 2024-06-30 12712884 d:ShareCapital 2023-06-30 12712884 d:RetainedEarningsAccumulatedLosses 2024-06-30 12712884 d:RetainedEarningsAccumulatedLosses 2023-06-30 12712884 c:FRS102 2023-07-01 2024-06-30 12712884 c:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 12712884 c:FullAccounts 2023-07-01 2024-06-30 12712884 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12712884 d:EntityControlledByKeyManagementPersonnel1 2023-07-01 2024-06-30 12712884 d:EntityControlledByKeyManagementPersonnel1 2024-06-30 12712884 d:EntityControlledByKeyManagementPersonnel1 2023-06-30 12712884 d:EntityControlledByKeyManagementPersonnel2 2023-07-01 2024-06-30 12712884 d:EntityControlledByKeyManagementPersonnel2 2024-06-30 12712884 d:EntityControlledByKeyManagementPersonnel2 2023-06-30 12712884 d:EntityControlledByKeyManagementPersonnel3 2023-07-01 2024-06-30 12712884 d:EntityControlledByKeyManagementPersonnel3 2024-06-30 12712884 d:EntityControlledByKeyManagementPersonnel3 2023-06-30 12712884 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 12712884


VENTURE LODGES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2024

 
VENTURE LODGES LIMITED
 

CONTENTS



Page
Accountants' report
1
Statement of financial position
2 - 3
Notes to the financial statements
4 - 9


 
VENTURE LODGES LIMITED
 
 
  
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF VENTURE LODGES 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 Venture Lodges 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 Venture Lodges 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 Venture Lodges Limited and state those matters that we have agreed to state to the Director of Venture Lodges Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Venture Lodges Limited and its Director for our work or for this report.
It is your duty to ensure that Venture Lodges 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 Venture Lodges Limited. You consider that Venture Lodges 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 Venture Lodges 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
 
Chartered Accountants
  
8th Floor
Becket House
36 Old Jewry
London
EC2R 8DD
16 June 2025
Page 1

 
VENTURE LODGES LIMITED
REGISTERED NUMBER: 12712884

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
98,545
81,347

  
98,545
81,347

Current assets
  

Stocks
  
1,324,873
1,258,051

Debtors: amounts falling due within one year
 5 
6,163,580
2,722,116

Cash at bank and in hand
 6 
1,273,479
4,001,229

  
8,761,932
7,981,396

Creditors: amounts falling due within one year
 7 
(6,711,380)
(6,643,442)

Net current assets
  
 
 
2,050,552
 
 
1,337,954

Creditors: amounts falling due after more than one year
 8 
(250,000)
(250,000)

  

Net assets
  
1,899,097
1,169,301


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
1,899,095
1,169,299

  
1,899,097
1,169,301


The directors consider 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 on 16 June 2025.


Page 2

 
VENTURE LODGES LIMITED
REGISTERED NUMBER: 12712884
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024



N Morgan
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
VENTURE LODGES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Tallington Lakes Activities Limited is a private company limited by shares incorporated in England and Wales, United Kingdom.  The address of the registered office is Tallington Lakes, Barholm Rd, Tallington, Stamford PE9 4RJ. 
The nature of the Company's operations and principal activities continued to be that of the provision of sports activity services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of 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 judgment in applying the Company's accounting policies.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.3

Finance costs

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.

 
Borrowing costs

All borrowing costs are recognised in profit or loss in the Year in which they are incurred.

  
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense
recognised as other comprehensive income or to an item recognised directly in equity is also
recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been
enacted or substantively enacted by the reporting date in the countries where the Company operates
and generates income.

 
2.5

Tangible fixed assets

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.

Page 4

 
VENTURE LODGES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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:

Plant and machinery
-
Motor vehicles
-
25%

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.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock 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.

 
2.7

Debtors

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.

 
2.8

Cash and cash equivalents

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.

 
2.9

Creditors

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.

 

 
2.10

Financial instruments

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
 
Page 5

 
VENTURE LODGES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)

third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the Year was 2 (2023 - 1).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 July 2023
-
86,250
86,250


Additions
39,200
-
39,200



At 30 June 2024

39,200
86,250
125,450



Depreciation


At 1 July 2023
-
4,903
4,903


Charge for the Year on owned assets
1,665
20,337
22,002



At 30 June 2024

1,665
25,240
26,905



Net book value



At 30 June 2024
37,535
61,010
98,545



At 30 June 2023
-
81,347
81,347


5.


Debtors

2024
2023
£
£


Trade debtors
187,700
-

Amounts owed by group undertakings
5,945,493
2,700,435

Other debtors
30,387
21,681

6,163,580
2,722,116

Page 6

 
VENTURE LODGES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.Debtors (continued)



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,273,479
4,001,229

1,273,479
4,001,229



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
997,829
1,868,292

Amounts owed to group undertakings
4,476,368
3,539,733

Other creditors
1,098,156
1,096,390

Accruals and deferred income
139,027
139,027

6,711,380
6,643,442



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
250,000
250,000

250,000
250,000


Page 7

 
VENTURE LODGES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 1-2 years

Other loans
250,000
250,000


250,000
250,000



250,000
250,000


Page 8

 
VENTURE LODGES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Related party transactions

The Company has taken advantage of the exemption available under FRS 102 section 33.1A 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 £1,383,588 (2023: £1,298,098) by Leisure Venture Land Limited, a company under common control.
As at the year end, the Company were owed £13,210 (2023: £13,210) by Tallington Lakes Land Limited, a company under common control.
As at the year end, the Company were owed £40,000 (2023: £40,000) by Tallington Lakes Site Limited, a company under common control.
As at the year end, the Company were owed £2,388,978 (2023: £776,780) by Leisure Site Limited, a company under common control.
As at the year end, the Company were owed £23,743 (2023: £35,000) by Abacus (Kent) Operations Limited, a company which K Abbott has  common control.
As at the year end, the Company were owed £54,976 (2023: £54,976) by Indigo Estates LLP, a company in which N Morgan has common control.
As at the year end, the Company were owed £703,930 (2023: £482,371) by Activities Venture Limited, a company under common control.
As at the year end, the Company were owed £42,599 (2023: £45,750 owed) by Lakeside Clubhouse Limited, a company under common control
As at the year end, the Company were owed £1,294,474 (2023: £129,052 owed) by Tallington Lakes Sales Limited, a company under common control.
As at the year end, the Company owed £1,473,651 (2023: £1,203,500) to Ping (Herts) Operations Limited, a company in which K Abbott has common control
As at the year end, the Company owed £2,540,538 (2023: £1,856,431) to Tallington Holdings Limited, a company under common control
As at the year end, the Company owed £462,179 (2023: £305,000) to Cobra (Cambs) Operations Limited, a company in which K Abbott has common control.
As at the year end, the Company owed £4,156 to a company director.

11.


Controlling party

The company is controlled by Tallington Holdings Limited. 

 
Page 9