Registration number:
Fen View Lakes Ltd
for the Period from 28 June 2024 to 30 June 2025
Fen View Lakes Ltd
Contents
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Company Information |
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Directors' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Fen View Lakes Ltd
Company Information
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Directors |
Mr Alex Beedel Ms Katie Wilkin |
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Registered office |
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Accountants |
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Fen View Lakes Ltd
Directors' Report for the Period from 28 June 2024 to 30 June 2025
The directors present their report and the financial statements for the period from 28 June 2024 to 30 June 2025.
Directors of the company
The directors who held office during the period were as follows:
Principal activity
The principal activity of the company is Self- catering accomodation
Going concern
The financial statements have been prepared on a going concern basis which assumes that the company will continue as a going concern for the foreseeable future. The validity of this assumption depends on the directors continuing to provide adequate financial support and by not seeking repayments of the amounts owed to them. The directors have indicated that they will provide such support and accordingly they believe it appropriate to prepare the financial statements on a going concern basis.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
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Fen View Lakes Ltd
(Registration number: 15808126)
Balance Sheet as at 30 June 2025
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Note |
2025 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
100 |
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Retained earnings |
(21,788) |
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Shareholders' deficit |
(21,688) |
For the financial period ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
Fen View Lakes Ltd
(Registration number: 15808126)
Balance Sheet as at 30 June 2025
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Fen View Lakes Ltd
Notes to the Unaudited Financial Statements for the Period from 28 June 2024 to 30 June 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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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.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tangible assets
Tangible assets are stated in the balance sheet 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.
Fen View Lakes Ltd
Notes to the Unaudited Financial Statements for the Period from 28 June 2024 to 30 June 2025
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:
Freehold property- 25 years
Plant and machinery- Reducing balance 25%
Computer equipment- Straight line- 33%
Fixtures and fittings- Straight line- 33%
Motor vehicles- Reducing balance- 25%
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Fen View Lakes Ltd
Notes to the Unaudited Financial Statements for the Period from 28 June 2024 to 30 June 2025
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Fen View Lakes Ltd
Notes to the Unaudited Financial Statements for the Period from 28 June 2024 to 30 June 2025
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Intangible assets |
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Goodwill |
Total |
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Cost or valuation |
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Additions acquired separately |
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At 30 June 2025 |
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Amortisation |
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Amortisation charge |
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At 30 June 2025 |
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Carrying amount |
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At 30 June 2025 |
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Fen View Lakes Ltd
Notes to the Unaudited Financial Statements for the Period from 28 June 2024 to 30 June 2025
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Tangible assets |
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Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
Other tangible assets |
Total |
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Cost or valuation |
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Additions |
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At 30 June 2025 |
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Depreciation |
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Charge for the period |
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At 30 June 2025 |
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Carrying amount |
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At 30 June 2025 |
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Included within the net book value of land and buildings above is £800,549 in respect of freehold land and buildings.
Fen View Lakes Ltd
Notes to the Unaudited Financial Statements for the Period from 28 June 2024 to 30 June 2025
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Stocks |
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2025 |
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Other inventories |
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Debtors |
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Current |
2025 |
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Prepayments |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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Note |
2025 |
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Due within one year |
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Loans and borrowings |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors include loans which are secured of £600,000. The loans have been secured by way of a first legal charge and fixed charge over the freehold land of the company. The security includes a negative pledge that restricts the creation of further charges without lender consent.
Fen View Lakes Ltd
Notes to the Unaudited Financial Statements for the Period from 28 June 2024 to 30 June 2025
Creditors: amounts falling due after more than one year
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Note |
2025 |
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Due after one year |
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Loans and borrowings |
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Share capital |
Allotted, called up and fully paid shares
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2025 |
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No. |
£ |
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100 |
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Related party transactions |
At the year end the company owed the directors £310,656 by way of an interest free loan.