ACCOUNTS - Final Accounts preparation

Company Registration Number: 12246379

LONSDALE PARK (HACKTHORPE) LIMITED

FINANCIAL STATEMENTS

31 MARCH 2025

LONSDALE PARK (HACKTHORPE) LIMITED

REGISTERED NUMBER: 12246379

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
		£		£


Current assets
Debtors: amounts falling due within one year	5	281,066		294,116
Cash at bank and in hand		4,010		76,454
		285,076		370,570
Creditors: amounts falling due within one year	6	(41,813)		(175,558)
Net current assets			243,263		195,012
Total assets less current liabilities			243,263		195,012

Net assets			243,263		195,012

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		243,163	194,912
		243,263	195,012

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

N J Gordon

Director

Date: 8 December 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

LONSDALE PARK (HACKTHORPE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Lonsdale Park (Hackthorpe) Limited's principal activity is that of a housing developer. The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Agricola House, Cowper Road, Gilwilly Industrial Estate, Penrith, Cumbria, CA11 9BN.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

They are presented in pounds sterling and rounded to the nearest £.

The following principal accounting policies have been applied:

2.2

Going concern

Management and the Directors have considered a period of at least twelve months from the date of sign off when making their assessment with regards to going concern. After consideration of all factors, the Directors have continued to adopt the going concern basis in preparing the financial statements on the basis that sufficent cash is held to meet liabilities as they fall due, and management are yet to make decision on the future use of the company.

2.3

Finance costs

Finance costs are absorbed into work in progress up to the point that the first property is sold. Following sale of the first property, finance costs are released to profit and loss and all subsequent finance costs are recognised directly within profit and loss.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less
costs to complete and sell. Cost includes all expenditure directly attributable to the development.

Upon the sale of properties, stock is reduced by a proportionate amount based upon the sales value against total forecasted sales.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying
amount is reduced to its selling price less costs to complete and sell. The impairment loss is
recognised immediately in profit or loss.

Page 2

LONSDALE PARK (HACKTHORPE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the Company's financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported for assets and liabilities at the Statement of
Financial Position date, and the amounts reported for revenues and expenses during the period.

However, due to the nature of estimation, the actual outcomes could differ from those estimates,
particularly in respect of the below.

Costs Attributable to House Sales

The company sells properties prior to completion of the full development. As a result the total cost of the
development, including costs that are not directly attributable to individual plots, are not known. The cost
of sales recognised upon the sale of each property therefore includes an element of judgement within the
estimated future costs.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).

Page 3

LONSDALE PARK (HACKTHORPE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Amounts owed by participating interests	280,966	202,666
Other debtors	-	91,350
Called up share capital not paid	100	100
	281,066	294,116

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Amounts owed to joint ventures	-	91,350
Corporation tax	38,145	716
Other creditors	3,668	83,492
	41,813	175,558

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 - 100) ordinary shares of £1.00 each	100	100

8.	Controlling party

The company is jointly controlled by Genesis Homes Group Limited and Housing Growth Partnership.

9.	Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 9 December 2025 by Simon Turner (Senior statutory auditor) on behalf of Armstrong Watson Audit Limited.

Page 4