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Registration number: 03747032

Lakeside Business Park Management Limited
(A company limited by guarantee)
Annual Report and Unaudited Financial Statements- Companies house filing
for the Year Ended 31 December 2024

Lakeside Business Park Management Limited

(Registration number: 03747032)
Statement of Financial Position as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 146 | 161
Current assets |  |  |
Debtors | 5 | 7,870 | 17,260
Cash at bank and in hand |  | 14,919 | 7,212
|  | 22,789 | 24,472
Creditors: Amounts falling due within one year | 6 | (5,520) | (6,083)
Net current assets |  | 17,269 | 18,389
Net assets |  | 17,415 | 18,550
Reserves |  |  |
Income and expenditure account |  | 17,415 | 18,550
Members' funds |  | 17,415 | 18,550

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 18 September 2025 and signed on its behalf by:

......................................... Mr M A Sweeney Director

Lakeside Business Park Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY. United Kingdom.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents service charges receivable from the tenants for the year, net of value added tax, and is derived wholly within the UK.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% reducing balance

Maintenance contributions receivable

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Creditors

Short term creditors are measured at the transaction price.

Lakeside Business Park Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3 | Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0).

Due to the nature of the company’s activities there were no employees in the current or previous year.

4 | Tangible assets

| Plant and machinery £ | Total £
Cost or valuation
At 1 January 2024 | 17,234 | 17,234
At 31 December 2024 | 17,234 | 17,234
Depreciation
At 1 January 2024 | 17,073 | 17,073
Charge for the year | 15 | 15
At 31 December 2024 | 17,088 | 17,088
Carrying amount
At 31 December 2024 | 146 | 146
At 31 December 2023 | 161 | 161

The Company is the beneficial owner of the common land at Lakeside Business Park. The members of the Company who own the adjoining freehold premises are responsible for meeting the cost of maintenance of these common parts. It is the Company's responsibility to carry out the maintenance. No value has been placed on this freehold interest as no consideration was paid.

5 | Debtors

| 2024 £ | 2023 £
Maintenance contributions receivable | 7,014 | 16,404
Prepayments | 856 | 856
| 7,870 | 17,260

Lakeside Business Park Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6 | Creditors

Creditors: amounts falling due within one year

| 2024 £ | 2023 £
Taxation and social security | 3,360 | 4,059
Accruals and deferred income | 2,160 | 2,024
| 5,520 | 6,083