Lighthouse Retreat Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13910982

Lighthouse Retreat Ltd

Filleted Unaudited Accounts

31 March 2025

Lighthouse Retreat Ltd

Statement of Financial Position

31 March 2025

	2025	2024
		(restated)
Note	£	£

Fixed assets

Tangible assets	5	–	1,873,144

Current assets

Stocks		3,000,000	–
Debtors	6	131,669	252,128
Cash at bank and in hand		329,031	1,457
		------------	---------
		3,460,700	253,585

Creditors: amounts falling due within one year	7	( 525,606)	( 2,142,090)
		------------	------------
Net current assets/(liabilities)		2,935,094	( 1,888,505)
		------------	------------
Total assets less current liabilities		2,935,094	( 15,361)

Creditors: amounts falling due after more than one year	8	( 1,836,000)	–
		------------	--------
Net assets/(liabilities)		1,099,094	( 15,361)
		------------	--------

Capital and reserves

Called up share capital	100	100
Fair value reserve	1,043,204	–
Profit and loss account	55,790	( 15,461)
	------------	--------
Shareholders funds/(deficit)	1,099,094	( 15,361)
	------------	--------

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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 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 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .

Lighthouse Retreat Ltd

Statement of Financial Position (continued)

31 March 2025

These accounts were approved by the board of directors and authorised for issue on 30 October 2025 , and are signed on behalf of the board by:

J Hitchcox

Director

Company registration number: 13910982

Lighthouse Retreat Ltd

Notes to the Accounts

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Bentinck Street, London, W1U 2FA, England.

2. Statement of compliance

These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern The company is considered to be a going concern by directors on the basis that the company has the support of Yoo Retreats Limited, a company related by common ownership. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Investment property Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

4. Employee numbers and staff

The company had no employees under contracts of employment (2024: nil).

5. Tangible assets

	Asset in construction/Investment Property
	£
Cost or valuation
At 1 April 2024 (as restated)	1,873,144
Additions	81,652
Revaluations	1,045,204
Transfers	(3,000,000)
	------------
At 31 March 2025	–
	------------
Depreciation
At 1 April 2024 and 31 March 2025	–
	------------
Carrying amount
At 31 March 2025	–
	------------
At 31 March 2024	1,873,144
	------------

During the year the asset in the course of construction was completed, the fair value of the asset at date of completion was £3,000,000 as valued by the directors whom have extensive experience in the property industry. Subsequently the intention of the property have changed from being retained for investment potential to selling and therefore the asset has been transferred to stock at fair value.

6. Debtors

	2025	2024
		(restated)
	£	£
Other debtors	131,669	252,128
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
		(restated)
	£	£
Trade creditors	–	25,953
Amounts owed to group undertakings and undertakings in which the company has a participating interest	509,696	2,114,077
Corporation tax	13,809	–
Other creditors	2,101	2,060
	---------	------------
	525,606	2,142,090
	---------	------------

8. Creditors: amounts falling due after more than one year

	2025	2024
		(restated)
	£	£
Bank loans and overdrafts	1,836,000	–
	------------	----

The bank loan has a fixed and floating charge over the the company asset.

9. Prior period errors

In a prior period, an escrow account had been incorrectly allocated to the fixed asset, a prior period adjustment to correct the opening position was made which only effected the balance sheet assets. There has been no effect on the reported profit and loss in the prior periods.

10. Related party transactions

Transactions and balances with wholly owned group members have not been further detailed under the provisions of FRS 102 Section 1A.