REGISTERED NUMBER: 11508712 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Ladybridge Connect Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

857,288

900,925

CURRENT ASSETS

Stocks

1,222

1,846

Debtors

5

4,809

5,426

Cash at bank and in hand

62,226

47,021

68,257

54,293

CREDITORS

Amounts falling due within one year

6

(153,764

)

(159,874

)

NET CURRENT LIABILITIES

(85,507

)

(105,581

)

TOTAL ASSETS LESS CURRENT LIABILITIES

771,781

795,344

CREDITORS

Amounts falling due after more than one year

7

(828,231

)

(856,100

)

NET LIABILITIES

(56,450

)

(60,756

)

RESERVES

Income and expenditure account

(56,450

)

(60,756

)

(56,450

)

(60,756

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 surplus or deficit 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 13 November 2025 and were signed on its behalf by:

Mr K D Nelson - Director

1.	STATUTORY INFORMATION

Ladybridge Connect Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11508712

Registered office:

97 Barlow Moor Road

Didsbury

Manchester

M20 2GP

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, net of discounts and value added taxes. Turnover includes revenue earned the sales of goods and the rendering of services.

Turnover from the sales of goods relates to income from the cafe and is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer, usually at the point of sale.

Turnover from the rendering of services relates to service charges and room hire and is recognised in the year to which the service relates and, where necessary, by reference to the stage of completion of the booking/service.

Tangible fixed assets

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

Long leasehold

-

10% on cost, 5% on cost, 2% on cost and Over the period of the lease

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% 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 surplus or deficit on a straight line basis over the period of the lease.

Going concern

After reviewing the company's financial situation, the directors have a reasonable expectation that the company has adequate resources, including the continuing financial support of its parent company, to continue in operational existence for the foreseeable future. The directors therefore conclude that it remains appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

959,502

24,095

104,128

1,087,725

DEPRECIATION

At 1 April 2024

89,165

14,457

83,178

186,800

Charge for year

20,899

4,819

17,919

43,637

At 31 March 2025

110,064

19,276

101,097

230,437

NET BOOK VALUE

At 31 March 2025

849,438

4,819

3,031

857,288

At 31 March 2024

870,337

9,638

20,950

900,925

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

2,852

2,181

Other debtors

1,957

3,245

4,809

5,426

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed to group undertakings

118,692

118,692

Taxation and social security

2,919

-

Other creditors

32,153

41,182

153,764

159,874

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

828,231

856,100

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

1,000

1,000

Between one and five years

4,000

4,000

In more than five years

113,000

114,000

118,000

119,000

9.	ULTIMATE CONTROLLING PARTY

The controlling and ultimate controlling party of the company is considered to be Ivy Manchester Ltd.