REGISTERED NUMBER: 13743205 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Lakeside Ventures Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

1,876

10,320

Tangible assets

5

711,363

789,713

713,239

800,033

CURRENT ASSETS

Stocks

48,298

157,346

Debtors

6

37,165

22,135

Cash at bank

25,338

16,539

110,801

196,020

CREDITORS

Amounts falling due within one year

7

2,215,652

1,920,812

NET CURRENT LIABILITIES

(2,104,851

)

(1,724,792

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,391,612

)

(924,759

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(1,391,712

)

(924,859

)

SHAREHOLDERS' FUNDS

(1,391,612

)

(924,759

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

Mrs J P Holmes - Director

1.	STATUTORY INFORMATION

Lakeside Ventures Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13743205

Registered office:

West Country Water Park

Trench Lane

Winterbourne

Bristol

BX36 1RY

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

An impairment loss has been recognised in the Income Statement, following an assessment at the Balance Sheet date indicating the recoverable amount was less than its carrying value.

Website development is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Buildings

-

10% on cost

Plant and machinery

-

25% on reducing balance and 25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors

Short term debtors are measured at transaction price less any impairment. Any losses arising from impairment are recognised in the profit and loss account.

Creditors

Short term creditors are measured at transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 32 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

27,789

AMORTISATION

At 1 January 2024

17,469

Charge for year

8,444

At 31 December 2024

25,913

NET BOOK VALUE

At 31 December 2024

1,876

At 31 December 2023

10,320

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

Buildings

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

562,984

428,471

20,331

19,782

1,031,568

Additions

15,853

97,437

11,892

2,012

127,194

Disposals

-

(9,779

)

(4,491

)

-

(14,270

)

At 31 December 2024

578,837

516,129

27,732

21,794

1,144,492

DEPRECIATION

At 1 January 2024

76,612

151,589

5,547

8,107

241,855

Charge for year

56,464

123,225

9,222

7,080

195,991

Eliminated on disposal

-

(2,894

)

(1,823

)

-

(4,717

)

At 31 December 2024

133,076

271,920

12,946

15,187

433,129

NET BOOK VALUE

At 31 December 2024

445,761

244,209

14,786

6,607

711,363

At 31 December 2023

486,372

276,882

14,784

11,675

789,713

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

7,524

2,115

Other debtors

1,478

-

Prepayments

28,163

20,020

37,165

22,135

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

25,600

22,030

Social security and other taxes

20,703

18,671

Other creditors

1,762

5,862

Owed to group companies

2,129,180

1,809,286

Directors' current accounts

12,947

43,924

Deferred income

20,302

15,269

Accrued expenses

5,158

5,770

2,215,652

1,920,812

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100