Registration number: 09971592

Lakeland Gardens Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Lakeland Gardens Limited

Company Information

Directors

ST Westcott M Westcott

Registered office

Lowther House Lowther Street Kendal Cumbria LA9 4DX

Accountants

Stables Thompson & Briscoe Limited Chartered Accountants & Business AdvisersLowther House Lowther Street Kendal LA9 4DX

Lakeland Gardens Limited

(Registration number: 09971592)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	759,846	539,356
Current assets
Stocks		195,454	224,000
Debtors	5	325,559	563,982
Cash at bank and in hand		189,863	543,451
		710,876	1,331,433
Creditors: Amounts falling due within one year	6	(153,591)	(350,936)
Net current assets		557,285	980,497
Total assets less current liabilities		1,317,131	1,519,853
Creditors: Amounts falling due after more than one year	6	(15,837)	(35,766)
Provisions for liabilities		(73,996)	(73,996)
Net assets		1,227,298	1,410,091
Capital and reserves
Called up share capital		12	12
Retained earnings		1,227,286	1,410,079
Shareholders' funds		1,227,298	1,410,091

Lakeland Gardens Limited

(Registration number: 09971592)
Balance Sheet as at 31 March 2025

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 November 2025 and signed on its behalf by:
 

......................................... ST Westcott Director

Lakeland Gardens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lowther House
Lowther Street
Kendal
Cumbria
LA9 4DX

These financial statements were authorised for issue by the Board on 17 November 2025.

2	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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Lakeland Gardens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

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.

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:

Asset class	Depreciation method and rate
Plant and machinery	20% on reducing balance
Motor vehicles	20% on reducing balance

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Lakeland Gardens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 44 (2024 - 44).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	310,199	199,935	383,465	893,599
Additions	238,619	65,529	21,162	325,310
Disposals	-	(22,500)	-	(22,500)
At 31 March 2025	548,818	242,964	404,627	1,196,409
Depreciation
At 1 April 2024	39,836	113,889	200,518	354,243
Charge for the year	24,050	25,738	40,632	90,420
Eliminated on disposal	-	(8,100)	-	(8,100)
At 31 March 2025	63,886	131,527	241,150	436,563
Carrying amount
At 31 March 2025	484,932	111,437	163,477	759,846
At 31 March 2024	270,363	86,046	182,947	539,356

Included within the net book value of land and buildings above is £67,815 (2024 - £Nil) in respect of freehold land and buildings and £417,117 (2024 - £270,363) in respect of long leasehold land and buildings.
 

5

Debtors

Current		2025 £	2024 £
Trade debtors		298,400	456,426
Amounts owed by related parties	7	710	-
Other debtors		26,449	107,556
		325,559	563,982

Lakeland Gardens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

		2025 £	2024 £
Due within one year
Loans and borrowings		35,770	68,963
Amounts owed to group undertakings and undertakings in which the company has a participating interest	7	687	-
Taxation and social security		93,558	275,740
Accruals and deferred income		3,609	2,491
Other creditors		19,967	3,742
		153,591	350,936

Creditors: amounts falling due after more than one year

		2025 £	2024 £
Due after one year
Loans and borrowings		15,837	35,766

7	Related party transactions

Transactions with directors

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 March 2025 £
	65,161	170,166	(251,595)	(16,268)

2024	At 1 April 2023 £	Advances to director £	Repayments by director £	At 31 March 2024 £
	66,983	159,684	(161,506)	65,161

8	Parent and ultimate parent undertaking

The company's immediate parent is Grandsire Holdings Limited, incorporated in England and Wales.