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REGISTERED NUMBER: 13272350 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Lundforest Partnership Limited

Lundforest Partnership Limited (Registered number: 13272350)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Lundforest Partnership Limited

Company Information
for the Year Ended 31 March 2025







Directors: Mrs. A Knaggs
Mr J Knaggs
Mrs S Ireland
Mr. G R Featherstone





Registered office: West Farm
Ryton
Malton
North Yorkshire
YO17 6XU





Registered number: 13272350 (England and Wales)





Accountants: Ullyott Limited
6 George Street
Driffield
East Yorkshire
YO25 6RA

Lundforest Partnership Limited (Registered number: 13272350)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 596,571 518,704

CURRENT ASSETS
Stocks 28,569 23,829
Debtors 5 14,407 3,239
Cash at bank 25,660 28,530
68,636 55,598
CREDITORS
Amounts falling due within one year 6 53,633 36,445
NET CURRENT ASSETS 15,003 19,153
TOTAL ASSETS LESS CURRENT
LIABILITIES

611,574

537,857

CREDITORS
Amounts falling due after more than one
year

7

(271,062

)

(223,285

)

PROVISIONS FOR LIABILITIES (23,278 ) (13,934 )
NET ASSETS 317,234 300,638

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 317,134 300,538
SHAREHOLDERS' FUNDS 317,234 300,638

Lundforest Partnership Limited (Registered number: 13272350)

Balance Sheet - continued
31 March 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2025 and were signed on its behalf by:





Mrs. A Knaggs - Director


Lundforest Partnership Limited (Registered number: 13272350)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Lundforest Partnership 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.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 10% on cost

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

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


Lundforest Partnership Limited (Registered number: 13272350)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
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.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 3 ) .

Lundforest Partnership Limited (Registered number: 13272350)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST OR VALUATION
At 1 April 2024 445,369 118,700 564,069
Additions - 167,558 167,558
Disposals - (89,000 ) (89,000 )
At 31 March 2025 445,369 197,258 642,627
DEPRECIATION
At 1 April 2024 - 45,365 45,365
Charge for year - 37,008 37,008
Eliminated on disposal - (36,317 ) (36,317 )
At 31 March 2025 - 46,056 46,056
NET BOOK VALUE
At 31 March 2025 445,369 151,202 596,571
At 31 March 2024 445,369 73,335 518,704

Cost or valuation at 31 March 2025 is represented by:

Freehold Plant and
property machinery Totals
£    £    £   
Valuation in 2023 250,000 - 250,000
Cost 195,369 197,258 392,627
445,369 197,258 642,627

Burrow Nooks was valued on an open market basis on 19 June 2023 by Cundalls (Yorkshire) Limited .

Lundforest Partnership Limited (Registered number: 13272350)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST OR VALUATION
Additions 167,558
At 31 March 2025 167,558
DEPRECIATION
Charge for year 22,342
At 31 March 2025 22,342
NET BOOK VALUE
At 31 March 2025 145,216

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 11,590 3,222
Corporation tax 587 -
VAT 2,230 17
14,407 3,239

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 14,464 13,597
Hire purchase contracts 22,329 17,250
Trade creditors 13,198 -
Corporation tax - 587
Social security and other taxes 356 119
Directors' current accounts 1,886 3,492
Accruals and deferred income 1,400 1,400
53,633 36,445

Lundforest Partnership Limited (Registered number: 13272350)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Bank loans 46,189 60,654
Other loans - 158,318
Hire purchase contracts 66,555 4,313
Directors' loan accounts 158,318 -
271,062 223,285

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
25 A Ordinary £1.00 25 25
25 B Ordinary £1 25 25
25 C Ordinary £1 25 25
25 D Ordinary £1 25 25
100 100