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REGISTERED NUMBER: 04040762 (England and Wales)















SEDLESCOMBE LODGE COMPANY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024






SEDLESCOMBE LODGE COMPANY LIMITED (REGISTERED NUMBER: 04040762)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SEDLESCOMBE LODGE COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: S M Lucas
S P Reed
C L Reed
S A James
O White
P Schofield
J G Sargent
P G Mynard
M Crozier
W E Wynne





REGISTERED OFFICE: Central Chambers
45-47 Albert Street
Rugby
Warwickshire
CV21 2SG





REGISTERED NUMBER: 04040762 (England and Wales)





ACCOUNTANTS: Atkinson Finch & Co
Chartered Accountants
Central Chambers
45-47 Albert Street
Rugby
Warwickshire
CV21 2SG

SEDLESCOMBE LODGE COMPANY LIMITED (REGISTERED NUMBER: 04040762)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,721 14,721

CURRENT ASSETS
Debtors 5 4,490 621
Cash at bank 1,525 2,595
6,015 3,216
CREDITORS
Amounts falling due within one year 6 1,494 1,065
NET CURRENT ASSETS 4,521 2,151
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,242

16,872

CAPITAL AND RESERVES
Called up share capital 10 10
Share premium 14,990 14,990
Retained earnings 4,242 1,872
SHAREHOLDERS' FUNDS 19,242 16,872

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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 18th August 2025 and were signed on its behalf by:




S A James - Director


SEDLESCOMBE LODGE COMPANY LIMITED (REGISTERED NUMBER: 04040762)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Sedlescombe Lodge Company 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.

Significant judgements and estimates
There are no significant judgements that have a material effect on the accounts nor any accounting estimates that have a high risk of causing a material adjustment in a future accounting period.

Turnover
Turnover represents service charges and ground rents from the lessees of the flats on the development. The company is not registered for value added tax.

Tangible fixed assets
The freehold property is held at depreciable cost. The directors review the valuation of the property at the end of each year and have concluded that the residual value of the property in its current state at the end of its useful life will be at least equivalent to the current cost and therefore no depreciation is provided. The company will continue to maintain the property to its current state of repair.

Taxation
As the company is a mutual trading organisation there is no liability to corporation tax.

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.

3. EMPLOYEES AND DIRECTORS

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

SEDLESCOMBE LODGE COMPANY LIMITED (REGISTERED NUMBER: 04040762)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1st January 2024
and 31st December 2024 14,721
NET BOOK VALUE
At 31st December 2024 14,721
At 31st December 2023 14,721

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,016 621
Prepayments 1,474 -
4,490 621

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 486 81
Accruals and prepaid income 1,008 984
1,494 1,065