Friars Lodge Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05177482

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		9,500
Tangible Assets	5		573,689		577,621

			573,689		587,121
CURRENT ASSETS
Debtors	6	808,927		843,868
Cash at bank and in hand		7,497		10,294

		816,424		854,162
Creditors: Amounts Falling Due Within One Year	7	(173,210 )		(214,012 )

NET CURRENT ASSETS (LIABILITIES)			643,214		640,150

TOTAL ASSETS LESS CURRENT LIABILITIES			1,216,903		1,227,271

Creditors: Amounts Falling Due After More Than One Year	8		(530,017 )		(555,235 )

NET ASSETS			686,886		672,036

CAPITAL AND RESERVES
Called up share capital	9		1,000		1,000
Profit and Loss Account			685,886		671,036

SHAREHOLDERS' FUNDS			686,886		672,036

Page 1

Page 2

Friars Lodge Limited

Balance Sheet (continued)

As At 31 March 2025

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr M K Janes

Director

14/11/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Friars Lodge Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05177482 . The registered office is 6b Parkway Porters Wood, St Albans, Hertfordshire, AL3 6PA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	in accordance with the property
Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance

2.5. Leasing and Hire Purchase Contracts

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

2.6. 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.

2.7. Pensions

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 21 (2024: 22)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	285,000

As at 31 March 2025	285,000

Amortisation
As at 1 April 2024	275,500
Provided during the period	9,500

As at 31 March 2025	285,000

...CONTINUED

Page 3

Page 4

Friars Lodge Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	9,500

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 April 2024	552,304	191,663	6,505	750,472
Additions	-	2,898	-	2,898

As at 31 March 2025	552,304	194,561	6,505	753,370

Depreciation
As at 1 April 2024	-	166,997	5,854	172,851
Provided during the period	-	6,667	163	6,830

As at 31 March 2025	-	173,664	6,017	179,681

Net Book Value
As at 31 March 2025	552,304	20,897	488	573,689

As at 1 April 2024	552,304	24,666	651	577,621

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	28,086	63,816
Prepayments and accrued income	2,580	1,791
Amounts owed by associates	778,261	778,261

	808,927	843,868

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	614	12,232
Bank loans and overdrafts	16,667	16,667
Corporation tax	6,704	27,321
Other taxes and social security	15,880	1,953
Accruals and deferred income	49,119	61,037
Amounts owed to associates	84,226	94,802

	173,210	214,012

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	530,017	555,235

Page 4

Page 5

Friars Lodge Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

10. Related Party Transactions

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 per section 33.1A of FRS102.

Page 5