REGISTERED NUMBER: 10782027 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Hillside Meadow Lodges Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J Cook

Mrs P A Cook

M C Cook

REGISTERED OFFICE:

Canvas Farm

Knayton

THIRSK

North Yorkshire

YO7 4BR

REGISTERED NUMBER:

10782027 (England and Wales)

ACCOUNTANTS:

King Hope

34 Romanby Road

NORTHALLERTON

North Yorkshire

DL7 8NF

FIXED ASSETS

Intangible assets

4

1

-

Tangible assets

5

1,282,630

422,906

1,282,631

422,906

CURRENT ASSETS

Stocks

1,717

124,982

Debtors

6

65,141

58,519

Cash at bank and in hand

293,924

714,821

360,782

898,322

CREDITORS

Amounts falling due within one year

7

(495,387

)

(320,612

)

NET CURRENT (LIABILITIES)/ASSETS

(134,605

)

577,710

TOTAL ASSETS LESS CURRENT LIABILITIES

1,148,026

1,000,616

CREDITORS

Amounts falling due after more than one year

8

(55,425

)

(74,376

)

PROVISIONS FOR LIABILITIES

10

(32,390

)

(35,417

)

NET ASSETS

1,060,211

890,823

CAPITAL AND RESERVES

Called up share capital

320

320

Retained earnings

1,059,891

890,503

1,060,211

890,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 25 September 2025 and were signed on its behalf by:

M C Cook - Director

1.	STATUTORY INFORMATION

Hillside Meadow Lodges Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

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

Revenue is recognised when customers acquire vacant possession of their lodges and payment received in full.

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.

Patents and licences are being amortised evenly over their estimated useful life of fifty years.

Website development costs are being amortised evenly over their estimated useful life of five years.

Patents & licences

The amount included in patents and licences relates to a perpetual easement.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Site formation

-

4% 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.

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.

Leasing commitments

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

Going concern

The financial statements are prepared on a going concern basis which the Directors believe to be appropriate for the following reasons:

Due to the uncertainty of the impact of the current economic climate it is difficult to predict future trading, however, the Directors are confident that the company can maintain sufficient liquidity for the foreseeable future.

Having considered the risks and uncertainties described above, the Directors have a reasonable expectation that the Company have sufficient financial resources to meet their obligations as they fall due within the next twelve months. The Directors have therefore concluded that it is appropriate to prepare these financial statements on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 February 2024

2,385

Additions

1

At 31 January 2025

2,386

AMORTISATION

At 1 February 2024

and 31 January 2025

2,385

NET BOOK VALUE

At 31 January 2025

1

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2024

-

588,494

588,494

Additions

884,930

4,027

888,957

At 31 January 2025

884,930

592,521

1,477,451

DEPRECIATION

At 1 February 2024

-

165,588

165,588

Charge for year

-

29,233

29,233

At 31 January 2025

-

194,821

194,821

NET BOOK VALUE

At 31 January 2025

884,930

397,700

1,282,630

At 31 January 2024

-

422,906

422,906

Included in cost of land and buildings is freehold land of £ 884,930 (2024 - £ 0 ) which is not depreciated.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

60,909

53,712

Prepayments

4,232

4,807

65,141

58,519

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

18,435

17,523

Trade creditors

5,937

75,179

Taxation and social security

92,816

56,751

Other creditors

378,199

171,159

495,387

320,612

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

55,425

74,376

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

73,860

91,899

The bank has a fixed and floating charge covering all property and undertakings of the company together with a personal guarantee from one of the Directors.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

32,390

35,417

Deferred

tax

£

Balance at 1 February 2024

35,417

Credit to Income Statement during year

(3,027

)

Balance at 31 January 2025

32,390

11.	PENSION COMMITMENTS

The company contributes to the personal pension policy of certain employees. The pension cost charge for the year amounted to £10,800 (2024 - £nil). At the balance sheet date there were no unpaid contributions.

12.	OTHER FINANCIAL COMMITMENTS

At the reporting date, the Company had outstanding commitments for future minimum lease payments under non-cancellable operating lease arrangement in respect of rents totalling £nil (2024 - £126,990). Following the purchase of the freehold interest on 14 August 2024, there are no outstanding commitments in respect of this lease.

13.	RELATED PARTY DISCLOSURES

A Director has provided a personal guarantee for the company bank facilities.

On 14 August 2024 the company purchased freehold land from a Director at a market value of £850,000. The land purchase was funded by means of a Directors loan; the balance outstanding on the loan at 31 January 2025 was £249,329 (2024 - £nil). The loan is interest free with no specific repayment terms.