IRIS Accounts Production v25.2.0.378 09885976 director 1.12.23 30.11.24 30.11.24 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh098859762023-11-30098859762024-11-30098859762023-12-012024-11-30098859762022-11-30098859762022-12-012023-11-30098859762023-11-3009885976ns15:EnglandWales2023-12-012024-11-3009885976ns14:PoundSterling2023-12-012024-11-3009885976ns10:Director12023-12-012024-11-3009885976ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3009885976ns10:SmallEntities2023-12-012024-11-3009885976ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3009885976ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3009885976ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3009885976ns10:FullAccounts2023-12-012024-11-3009885976ns10:OrdinaryShareClass12023-12-012024-11-3009885976ns10:RegisteredOffice2023-12-012024-11-3009885976ns5:CurrentFinancialInstruments2024-11-3009885976ns5:CurrentFinancialInstruments2023-11-3009885976ns5:Non-currentFinancialInstruments2024-11-3009885976ns5:Non-currentFinancialInstruments2023-11-3009885976ns5:ShareCapital2024-11-3009885976ns5:ShareCapital2023-11-3009885976ns5:FurtherSpecificReserve3ComponentTotalEquity2024-11-3009885976ns5:FurtherSpecificReserve3ComponentTotalEquity2023-11-3009885976ns5:RetainedEarningsAccumulatedLosses2024-11-3009885976ns5:RetainedEarningsAccumulatedLosses2023-11-3009885976ns5:MoreThanFiveYearsns5:Non-currentFinancialInstruments2024-11-3009885976ns5:MoreThanFiveYearsns5:Non-currentFinancialInstruments2023-11-3009885976ns5:Secured2024-11-3009885976ns5:Secured2023-11-3009885976ns10:OrdinaryShareClass12024-11-3009885976ns5:RetainedEarningsAccumulatedLosses2023-11-3009885976ns5:FurtherSpecificReserve3ComponentTotalEquity2023-11-3009885976ns5:RetainedEarningsAccumulatedLosses2023-12-012024-11-30
REGISTERED NUMBER: 09885976 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

LODGE GOLD LTD

LODGE GOLD LTD (REGISTERED NUMBER: 09885976)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LODGE GOLD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: J Goldberg





REGISTERED OFFICE: 6 Paget Road
Stoke Newington
London
N16 5NQ





REGISTERED NUMBER: 09885976 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

LODGE GOLD LTD (REGISTERED NUMBER: 09885976)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £   
FIXED ASSETS
Investment property 5 300,000 300,000

CURRENT ASSETS
Debtors 6 46,224 46,224
Cash at bank 4,599 14,846
50,823 61,070
CREDITORS
Amounts falling due within one year 7 (7,050 ) (10,917 )
NET CURRENT ASSETS 43,773 50,153
TOTAL ASSETS LESS CURRENT
LIABILITIES

343,773

350,153

CREDITORS
Amounts falling due after more than one
year

8

(214,922

)

(215,268

)

PROVISIONS FOR LIABILITIES (29,968 ) (29,968 )
NET ASSETS 98,883 104,917

CAPITAL AND RESERVES
Called up share capital 10 1 1
Fair value reserve 11 137,684 137,684
Retained earnings 11 (38,802 ) (32,768 )
SHAREHOLDERS' FUNDS 98,883 104,917

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LODGE GOLD LTD (REGISTERED NUMBER: 09885976)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2024


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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 26 August 2025 and were signed by:





J Goldberg - Director


LODGE GOLD LTD (REGISTERED NUMBER: 09885976)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Lodge Gold Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

LODGE GOLD LTD (REGISTERED NUMBER: 09885976)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 300,000
NET BOOK VALUE
At 30 November 2024 300,000
At 30 November 2023 300,000

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2023 167,652
Cost 132,348
300,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors 46,224 46,224

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other creditors 5,610 10,197
Accrued expenses 1,440 720
7,050 10,917

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans more 5 yrs non-inst 214,289 214,235
Other loans more 5yrs instal 633 1,033
214,922 215,268

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 214,289 214,235

Repayable by instalments
Other loans more 5yrs instal 633 1,033

LODGE GOLD LTD (REGISTERED NUMBER: 09885976)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Bank loans 214,289 214,235
Other loans 633 1,033
214,922 215,268

1.Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

2. Under the bank loan, £633 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 December 2023 (32,768 ) 137,684 104,916
Deficit for the year (6,034 ) (6,034 )
At 30 November 2024 (38,802 ) 137,684 98,882

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Goldberg.