Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-3022023-12-01falseInvestment trading company2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11075888 2023-12-01 2024-11-30 11075888 2022-12-01 2023-11-30 11075888 2024-11-30 11075888 2023-11-30 11075888 c:Director1 2023-12-01 2024-11-30 11075888 d:CurrentFinancialInstruments 2024-11-30 11075888 d:CurrentFinancialInstruments 2023-11-30 11075888 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 11075888 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11075888 d:ShareCapital 2024-11-30 11075888 d:ShareCapital 2023-11-30 11075888 d:RetainedEarningsAccumulatedLosses 2024-11-30 11075888 d:RetainedEarningsAccumulatedLosses 2023-11-30 11075888 c:OrdinaryShareClass1 2023-12-01 2024-11-30 11075888 c:OrdinaryShareClass1 2024-11-30 11075888 c:OrdinaryShareClass1 2023-11-30 11075888 c:OrdinaryShareClass2 2023-12-01 2024-11-30 11075888 c:OrdinaryShareClass2 2024-11-30 11075888 c:OrdinaryShareClass2 2023-11-30 11075888 c:OrdinaryShareClass3 2023-12-01 2024-11-30 11075888 c:OrdinaryShareClass3 2024-11-30 11075888 c:OrdinaryShareClass3 2023-11-30 11075888 c:FRS102 2023-12-01 2024-11-30 11075888 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 11075888 c:FullAccounts 2023-12-01 2024-11-30 11075888 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11075888 d:AcceleratedTaxDepreciationDeferredTax 2024-11-30 11075888 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 11075888 d:TaxLossesCarry-forwardsDeferredTax 2024-11-30 11075888 d:TaxLossesCarry-forwardsDeferredTax 2023-11-30 11075888 6 2023-12-01 2024-11-30 11075888 1 2024-11-30 11075888 1 2023-11-30 11075888 f:PoundSterling 2023-12-01 2024-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11075888














LODGEPOLE PINE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  30 NOVEMBER 2024

 
LODGEPOLE PINE LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
LODGEPOLE PINE LIMITED
REGISTERED NUMBER:11075888

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
4,370,404
4,044,897

Current assets
  

Debtors: amounts falling due within one year
 5 
815
381

Cash at bank and in hand
  
313,243
1,180,635

  
314,058
1,181,016

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(2,785,303)
(3,936,156)

Net current liabilities
  
 
 
(2,471,245)
 
 
(2,755,140)

Total assets less current liabilities
  
1,899,159
1,289,757

Deferred tax
 7 
(119,439)
(8,154)

Net assets
  
1,779,720
1,281,603


Capital and reserves
  

Called up share capital 
 8 
1,000
1,000

Profit and loss account
 9 
1,778,720
1,280,603

  
1,779,720
1,281,603


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.

Page 1

 
LODGEPOLE PINE LIMITED
REGISTERED NUMBER:11075888
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2024

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 28 August 2025.




D Green
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
LODGEPOLE PINE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Lodgepole Pine Limited is a private company, limited by shares, registered in England and Wales with its registered office address at Greystone House, Llanmaes, Llantwit Major, Vale of Glamorgan, CF61 2XR.
The principal activity of the company is that of investment.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company benefits from the continued financial support of a shareholder who has provided an interest-free loan of £2,769,500 (2023 - £3,848,500) to the company ensuring it can continue to meet its operating liabilities as they fall due for at least twelve months from the date of approval the financial statements. Accordingly, they continue to adopt the going concern basis. 

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is £ Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
LODGEPOLE PINE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
 - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
 - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

 
2.5

Valuation of investments

Investments in listed company shares are remeasured to market value at each Statement of Financial Position date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income.  

 
2.6

Debtors

Short term debtors are measured at the transaction price.

 
2.7

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.

 
2.8

Creditors

Short term creditors are measured at the transaction price. 


3.


Employees

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

Page 4

 
LODGEPOLE PINE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

4.


Fixed asset investments





Listed investments

£



Valuation


At 1 December 2023
4,044,897


Additions
388,385


Disposals
(572,220)


Fair value movements
509,342



At 30 November 2024

4,370,404






Net book value



At 30 November 2024
4,370,404



At 30 November 2023
4,044,897


5.


Debtors

2024
2023
£
£


Prepayments and accrued income
815
381



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
9,982
82,256

Other creditors
2,769,501
3,848,500

Accruals and deferred income
5,820
5,400

2,785,303
3,936,156


Page 5

 
LODGEPOLE PINE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

7.


Deferred taxation




2024


£






At beginning of year
8,154


Charged to profit or loss
111,285



At end of year
119,439

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fair value movements
127,336
8,154

Tax losses carried forward
(7,897)
-

119,439
8,154


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10,000 (2023 - 10,000) Ordinary A shares of £0.01 each
100
100
10,000 (2023 - 10,000) Ordinary B shares of £0.01 each
100
100
80,000 (2023 - 80,000) Ordinary C shares of £0.01 each
800
800

1,000

1,000

Ordinary B and Ordinary C shares have no voting rights. They rank pari passu in all other respects.



9.


Reserves

The profit and loss reserves include non-distributable fair value adjustments amounting to £389,903 (2023 - £24,460).

 
Page 6