LAKES HOLIDAY LIMITED


Directors	COUPE, Holly Ann
	COUPE, Jack Oliver


Registered Address	Old Barn
	Springwell
	Gateshead
	NE9 7YT


Registered Number	10255556 (England and Wales)

Statement of Financial Position
30 April 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		267,331		267,331
Investments	6		-		7,237
Investment property	5		139,258		-
			406,589		274,568
Current assets
Debtors	7	7,237		486,035
Cash at bank and on hand		350,331		22,389
		357,568		508,424
Creditors amounts falling due within one year	8	(3,600)		(8,634)
Net current assets (liabilities)			353,968		499,790
Total assets less current liabilities			760,557		774,358
Net assets			760,557		774,358
Capital and reserves
Called up share capital			14,474		14,474
Profit and loss account			746,083		759,884
Shareholders' funds			760,557		774,358

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 13 January 2026, and are signed on its behalf by:

COUPE, Holly Ann
Director
Registered Company No. 10255556

LAKES HOLIDAY LIMITED

Notes to the Financial Statements
for the year ended 30 April 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	The turnover shown in the profit and loss account represents rent receivable for the year for the holiday let properties. Revenue is recognised on receipt of monthly funds from the holiday letting agent appointed.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

	Investment property
	Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate. These values are 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 the Income Statement.

	Financial instruments
	The company 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.	Average number of employees


		2025		2024
	Average number of employees during the year	0		1

3.	Prior period adjustment
	A prior period adjustment of £7,237 has been made in respect of share capital and other debtors, which were previously understated in the statutory accounts.

4.	Tangible fixed assets

	Land & buildings	Total
	£	£
Cost or valuation
At 01 May 24	267,331	267,331
At 30 April 25	267,331	267,331
Net book value
At 30 April 25	267,331	267,331
At 30 April 24	267,331	267,331

5.	Investment property
	Investment properties are shown at their fair value. The directors consider cost to be a fair representation of fair value at the year end.


		£
	Additions	139,258
	At 30 April 25	139,258

6.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 May 24	7,237	7,237
Disposals	(7,237)	(7,237)
Net book value
At 30 April 25	-	-
At 30 April 24	7,237	7,237

	Notes
	¹Investments in group undertakings and participating interests

7.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	7,237	486,035
Total	7,237	486,035


	Included within other debtors is an amount owed to a group undertaking of £nil (2024: £478,798)

8.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	-	8,634
Accrued liabilities and deferred income	3,600	-
Total	3,600	8,634