1 January 2024 false No description of principal activity Taxfiler 2024.6 true 08032828business:PrivateLimitedCompanyLtd2024-01-012024-12-31 080328282023-12-31 080328282024-01-012024-12-31 08032828business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 08032828business:FilletedAccounts2024-01-012024-12-31 080328282024-12-31 08032828business:Director12024-01-012024-12-31 08032828business:RegisteredOffice2024-01-012024-12-31 080328282023-12-31 08032828core:WithinOneYear2024-12-31 08032828core:WithinOneYear2023-12-31 08032828core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 08032828core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 08032828core:RevaluationReservecore:PreviouslyStatedAmount2024-12-31 08032828core:RevaluationReservecore:PreviouslyStatedAmount2023-12-31 08032828core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 08032828core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 08032828core:PreviouslyStatedAmount2024-12-31 08032828core:PreviouslyStatedAmount2023-12-31 08032828business:SmallEntities2024-01-012024-12-31 08032828countries:EnglandWales2024-01-012024-12-31 08032828core:FurnitureFittings2024-01-012024-12-31 08032828core:FurnitureFittings2023-12-31 08032828core:FurnitureFittings2024-12-31 08032828core:AfterOneYear2024-12-31 08032828core:AfterOneYear2023-12-31 08032828business:Director112023-12-31 08032828business:Director112024-01-012024-12-31 08032828business:Director112024-12-31 080328282023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 08032828 (England and Wales)
The Lodge House Properties Limited Unaudited accounts for the year ended 31 December 2024
The Lodge House Properties Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
The Lodge House Properties Limited Company Information for the year ended 31 December 2024
Director
Federica Monsone
Company Number
08032828 (England and Wales)
Registered Office
5th Floor 167-169 Great Portland Street London London W1W 5PF England
- 3 -
The Lodge House Properties Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
10,795 
7,042 
Investment property
5
1,539,600 
1,845,975 
1,550,395 
1,853,017 
Current assets
Debtors
6
378,233 
56,370 
Cash at bank and in hand
8,579 
4,918 
386,812 
61,288 
Creditors: amounts falling due within one year
7
(1,461,267)
(1,298,508)
Net current liabilities
(1,074,455)
(1,237,220)
Total assets less current liabilities
475,940 
615,797 
Provisions for liabilities
Deferred tax
(198,213)
(198,213)
Net assets
277,727 
417,584 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
237,295 
263,670 
Profit and loss account
40,332 
153,814 
Shareholders' funds
277,727 
417,584 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 September 2025 and were signed on its behalf by
Federica Monsone Director Company Registration No. 08032828
- 4 -
The Lodge House Properties Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
The Lodge House Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 08032828. The registered office is 5th Floor, 167-169 Great Portland Street, London, London, W1W 5PF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The company has net current liabilities of £948,314. Included in creditors is £1,330,566 owed to a business under common control. This business has agreed to continue to provide financial support to the company for the foreseeable future and therefore the director believes it is appropriate to prepare the financial statements on a going concern basis.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight liine
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
- 5 -
The Lodge House Properties Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2024
27,773 
Additions
10,330 
At 31 December 2024
38,103 
Depreciation
At 1 January 2024
20,731 
Charge for the year
6,577 
At 31 December 2024
27,308 
Net book value
At 31 December 2024
10,795 
At 31 December 2023
7,042 
5
Investment property
2024 
£ 
Fair value at 1 January 2024
1,845,975 
Disposals
(306,375)
At 31 December 2024
1,539,600 
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss. Investment property comprises of three flats, a freehold interest and a holiday let. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 December 2021 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
2,353 
- 
Other debtors
79,855 
56,370 
82,208 
56,370 
Amounts falling due after more than one year
Other debtors
296,025 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
338 
1,698 
Taxes and social security
126,143 
- 
Other creditors
1,334,786 
1,296,810 
1,461,267 
1,298,508 
- 6 -
The Lodge House Properties Limited Notes to the Accounts for the year ended 31 December 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Federica Monsone
(48,092)
(75,632)
(48,092)
(75,632)
(48,092)
(75,632)
(48,092)
(75,632)
9
Transactions with related parties
Include within other debtors is a loan made to a company under common control of the director. The Lodge House Properties Limited. The interest rate is 2.25% HMRC official rate and the loan is repayable on demand. The value of the loan is £1,330,566 at 31st December 2024 (2023: £1,290,915) Interest payable and similar expenses includes the following: Interest payable to group undertakings £29,278 (2023: £28,406)
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 7 -