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Registered number: 08662742
EAST LODGE SERVICES (UK) LTD
UNAUDITED ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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REGISTERED NUMBER:08662742
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EAST LODGE SERVICES (UK) LTD
BALANCE SHEET
AS AT 31 MARCH 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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 on 12 December 2025.
The notes on pages 2 to 5 form part of these financial statements.
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EAST LODGE SERVICES (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
East Lodge Services (UK) Ltd is a private company limited by shares incorporated in the United Kingdom and registered in England & Wales. The company's registered address is Wellington House, 125-130 Strand, London, WC2R 0AP. The company's principal activity was the provision of services to East Lodge Capital Partners LLP, a partnership of which the company was a corporate member prior to the LLP being liquidated on 25 September 2025.
2.Accounting policies
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Basis of preparation of financial statements
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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.
The preparation of financial statements in compliance with FRS102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. Due to the straightforward nature of the business, management consider that no key accounting estimates or critical judgements have been made in applying the company's accounting policies.
These accounts have not been prepared on a going concern basis. As the assets under management of the firm declined during 2022-23 the decision was made to liquidate the remaining assets in an orderly manner with a view to closing the firm, and the firm ceased to trade on 31 March 2024.
When preparing the accounts, the director has considered whether the change in basis materially affects the carrying value of any of the assets or liabilities of the company. No changes were made to the carrying value of the assets or liabilities of the company following the change in basis.
Turnover comprises revenue recognised by the company in respect of services provided during the year, exclusive of value added tax.
The company does not trade in financial instruments and all such instruments arise directly from operations. All trade and other debtors are initially recognised at transaction value, as none contain in substance a financing transaction. Thereafter trade and other debtors are reviewed for impairment where there is objective evidence based on observable data that the balance may be impaired. The company does not hold collateral against its trade and other debtors so its exposure to credit risk is the net balance of trade and other debtors after allowance for impairment. The company's cash holdings comprise on demand balances. All cash is held with banks with strong external credit ratings. Trade and other creditors and accruals are initially recognised at transaction value as none represent a financing transaction. They are only derecognised when they are extinguished. As the company only has short term receivables and payables, its net current asset position is a reasonable measure of its liquidity at any given time.
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EAST LODGE SERVICES (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
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Foreign currency translation
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Functional and presentation currency
The company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.
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The average monthly number of employees, including directors, during the year was 0 (2024 -4).
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EAST LODGE SERVICES (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Amounts owed by related undertakings
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Creditors: Amounts falling due within one year
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Amounts owed to related undertakings
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Accruals and deferred income
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Charged to profit or loss
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Allotted, called up and fully paid
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1 (2024 -1) Ordinary share of £1
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EAST LODGE SERVICES (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Related party transactions
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During the year ended 31 March 2024, the company recharged expenses of £1,735,713 to East Lodge Capital Partners LLP ('ELCP'), an entity in which the company is a corporate member. The amount due from ELCP at the year end was £243,658. There were no equivalent transactions in the current year.
During the period ended 31 March 2015 the company received a loan of £1,030,000 from East Lodge Capital Management Ltd, its immediate parent undertaking. The full balance was fully repaid during the year ended at 31 March 2024. The loan was interest free and was repayable on demand. There were no equivalent transactions in the current year.
During the year, the company made a loan of £200,000 to its director (2024: £nil). The loan was repaid on 25 November 2025.
Amounts owed by related undertakings (note 5) and amounts owed to related undertakings (note 6) comprise expenses paid behalf of entities which are under common control. Significant assets/(liabilities) forming part of these totals include:
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East Lodge Capital Management Limited - incorporated in the Cayman Islands
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East Lodge Credit Opportunities Fund - incorporated in Luxembourg
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Post balance sheet events
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On 25 November 2025, the Company declared and paid a dividend of £1,240,612 to its shareholder. As a result of this the balance owed by East Lodge Capital Management Limited (disclosed in note 9) was settled in full.
The Company's immediate parent undertaking is East Lodge Capital Management Limited, a company incorporated in the Cayman Islands. The ultimate controlling party is A Lumsden.
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