REGISTERED NUMBER: 05676366 (England and Wales)

LODGE FARM ESTATES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Abridged Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

6

FIXED ASSETS

Tangible assets

4

32,625

42,103

Investment property

5

9,180,000

8,930,000

9,212,625

8,972,103

CURRENT ASSETS

Debtors

6

819,370

703,185

Cash at bank

40,777

40,861

860,147

744,046

CREDITORS

Amounts falling due within one year

(1,347,839

)

(1,189,281

)

NET CURRENT LIABILITIES

(487,692

)

(445,235

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,724,933

8,526,868

CREDITORS

Amounts falling due after more than one year

7

(3,111,074

)

(3,266,211

)

PROVISIONS FOR LIABILITIES

(1,235,237

)

(1,190,346

)

NET ASSETS

4,378,622

4,070,311

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

3,681,244

3,539,458

Retained earnings

9

697,278

530,753

SHAREHOLDERS' FUNDS

4,378,622

4,070,311

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 profit or loss 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 December 2025 and were signed on its behalf by:

D J Tate - Director

1.	STATUTORY INFORMATION

Lodge Farm Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05676366

Registered office:

Bentley Bridge House

Chesterfield Road

Matlock

Derbyshire

DE4 5LE

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 as modified by the revaluation of certain assets.

The directors have reviewed the company's current activities, future prospects and finance facilities. The company's main investment properties are let to quality tenants under leases producing a secure rental stream. As a result of this review the directors have adopted the going concern basis of accounting.

Turnover

Turnover represents the sale of trade properties, income from rents and service charges, and other sundry income, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Acquisitions and disposals of investment properties are recognised in the accounts based on the date of exchange of irrevocable contracts, where those contracts proceed to completion prior to the accounts being approved by the directors.

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

Pension costs and other post-retirement benefits

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

77,196

Additions

1,000

Disposals

(4,533

)

At 31 March 2025

73,663

DEPRECIATION

At 1 April 2024

35,093

Charge for year

8,157

Eliminated on disposal

(2,212

)

At 31 March 2025

41,038

NET BOOK VALUE

At 31 March 2025

32,625

At 31 March 2024

42,103

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

8,930,000

Additions

60,953

Fair value adjustment

189,047

At 31 March 2025

9,180,000

NET BOOK VALUE

At 31 March 2025

9,180,000

At 31 March 2024

8,930,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

4,908,325

Cost

4,271,675

9,180,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

4,271,675

4,210,722

The investment properties were valued on an open market basis on 31 March 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other debtors

408,948

386,998

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable by instalments

Bank loans

2,214,157

2,498,345

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

3,290,146

3,416,640

Debts are secured against the assets of the company.

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2024

530,753

3,539,458

4,070,211

Profit for the year

308,311

308,311

Fair value adjustment

(141,786

)

141,786

-

At 31 March 2025

697,278

3,681,244

4,378,522

The Fair Value Reserve relates to the revaluation of investment property and is a non-distributable reserve.

10.	RELATED PARTY DISCLOSURES

Other creditors due within one year includes a loan of £619 (2024: £316) from Mr D J Tate which is unsecured, interest free and has no fixed repayment date.

Other creditors due within one year includes a loan of £206,050 (2024: £219,300) from an unincorporated business controlled by Mr D J Tate, which is unsecured, interest free and has no fixed repayment date.

Other creditors due within one year includes a loan of £296,832 (2024: £337,965) from Springfield Holdings, an unincorporated entity controlled by the directors' family. This loan is unsecured, interest free and has no fixed repayment date.

Other debtors due within one year and over one year include a loan of £703,326 (2024: £646,485) to Eden Park Investments Limited a company controlled by Mr D J Tate, which is unsecured. Loan interest is recharged at a commercial rate.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D J Tate.

The company is controlled by its directors, by virtue of their shareholdings.