ACCOUNTS - Final Accounts preparation

Registered number: 12157577

CLOUGHTON WOOD LODGES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

CLOUGHTON WOOD LODGES LIMITED

REGISTERED NUMBER: 12157577

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Investment property	4		1,012,076		1,012,076
Current assets
Debtors: amounts falling due within one year	5	28,335		224
Cash at bank and in hand	6	6,417		12,565
		34,752		12,789
Creditors: amounts falling due within one year	7	(35,025)		(41,279)
Net current liabilities			(273)		(28,490)
Total assets less current liabilities			1,011,803		983,586
Creditors: amounts falling due after more than one year	8		(191,528)		(172,000)

Net assets			820,275		811,586

Capital and reserves
Called up share capital	100	100
Share premium account	830,691	830,691
Profit and loss account	(10,516)	(19,205)
	820,275	811,586

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CLOUGHTON WOOD LODGES LIMITED

REGISTERED NUMBER: 12157577

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The directors consider 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 directors acknowledge their 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 profit and loss account 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:

J P Purcell

Director

Date: 23 December 2025

The notes on pages 3 to 6 form part of these financial statements.

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CLOUGHTON WOOD LODGES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Cloughton Wood Lodges Limited is a private company, limited by shares, incorporated in England and Wales, registered number 12157577. The registered office is 6th Floor, 2 London Wall Place, London, United Kingdom, EC2Y 5AU.

The following principal accounting policies have been applied:

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and 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.

2.2

Going concern

The Directors assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern.

The Directors make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Company has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Company's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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CLOUGHTON WOOD LODGES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

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 balance sheet date in the countries where the Company operates and generates income.

2.5

Investment property

Investment property is carried at fair value determined annually by directors and or external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

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.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

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CLOUGHTON WOOD LODGES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 April 2024	1,012,076
	At 31 March 2025	1,012,076

The 2025 valuations were made by the directors, on an open market value basis.

Debtors

					2025	2024
					£	£


Trade debtors	23,897	-
Other debtors	3,505	224
Prepayments and accrued income	933	-
	28,335	224

6.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	6,417	12,565

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CLOUGHTON WOOD LODGES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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

Trade creditors	396	13,894
Other taxation and social security	3,628	-
Other creditors	801	801
Accruals and deferred income	30,200	26,584
	35,025	41,279

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

	Other creditors	191,528	172,000

Related party transactions

Included in other loans due in more than one year is an amount payable to Ursus Capital Limited of £153,222 (2024: £137,600), a company in which C Kingsnorth is a director and controlling shareholder.

Included in other loans due in more than one year is an amount payable to Galecroft Solutions Limited of £38,306 (2024: £34,400), a company in which J Purcell is also a director and controlling shareholder.

10.	Controlling party

The ultimate controlling party is C W Kingsnorth by virtue of shares held in Ursus Capital Limited.

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