Badwell Ash Lakeside Limited
Unaudited Financial Statements
For the year ended 31 May 2025
Pages for filing with registrar
Company Registration No. 12590950 (England and Wales)
BADWELL ASH LAKESIDE LIMITED
Badwell Ash Lakeside Limited
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
BADWELL ASH LAKESIDE LIMITED
Badwell Ash Lakeside Limited
Accountants Report to the Board of Directors on the Unaudited Financial Statements of Badwell Ash Lakeside Limited
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Badwell Ash Lakeside Limited for the year ended 31 May 2025 set out on the following pages from the company’s accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Badwell Ash Lakeside Limited, as a body, in accordance with the terms of our engagement letter dated 5 June 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Badwell Ash Lakeside Limited. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Badwell Ash Lakeside Limited and Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Badwell Ash Lakeside Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Badwell Ash Lakeside Limited. You consider that Badwell Ash Lakeside Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Badwell Ash Lakeside Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Churchgate Accountants Limited
13 February 2026
Accountants
18 Langton Place
Bury St Edmunds
Suffolk
IP33 1NE
BADWELL ASH LAKESIDE LIMITED
Badwell Ash Lakeside Limited
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
45,010
54,012
Tangible assets
4
167,565
182,246
212,575
236,258
Current assets
Stocks
54,000
42,050
Debtors
5
35,689
32,072
Cash at bank and in hand
2,300
2,057
91,989
76,179
Creditors: amounts falling due within one year
6
(360,814)
(369,293)
Net current liabilities
(268,825)
(293,114)
Total assets less current liabilities
(56,250)
(56,856)
Creditors: amounts falling due after more than one year
7
(24,135)
(27,485)
Net liabilities
(80,385)
(84,341)
Capital and reserves
Called up share capital
8
24
24
Profit and loss reserves
(80,409)
(84,365)
Total equity
(80,385)
(84,341)
BADWELL ASH LAKESIDE LIMITED
Badwell Ash Lakeside Limited
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2025
31 May 2025
- 3 -

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 13 February 2026 and are signed on its behalf by:
Mr J Draper
Mrs S Draper
Director
Director
Company registration number 12590950 (England and Wales)
BADWELL ASH LAKESIDE LIMITED
Badwell Ash Lakeside Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 4 -
1
Accounting policies
Company information

Badwell Ash Lakeside Limited is a private company limited by shares incorporated in England and Wales. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors recognise that there are currently negative reserves in the company, however, they believe that with their continued financial support, the company will continue to trade in the future. The accounts have therefore been prepared on a going concern basis. true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

BADWELL ASH LAKESIDE LIMITED
Badwell Ash Lakeside Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 5 -
1.5
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Intangibles
10% straight Line
1.6
Tangible fixed assets

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

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
5% Straight line
Leasehold improvements
4% - 25% Straight line
Plant and equipment
25% Straight line
Lodge furnishings
25% Straight line
Computers
33% Reducing balance
Motor vehicles
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.8
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.9
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

BADWELL ASH LAKESIDE LIMITED
Badwell Ash Lakeside Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 6 -
1.10
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.11
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

BADWELL ASH LAKESIDE LIMITED
Badwell Ash Lakeside Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 7 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Intangible fixed assets
Goodwill
Intangibles
Total
£
£
£
Cost
At 1 June 2024 and 31 May 2025
90,000
20
90,020
Amortisation and impairment
At 1 June 2024
36,000
8
36,008
Amortisation charged for the year
9,000
2
9,002
At 31 May 2025
45,000
10
45,010
Carrying amount
At 31 May 2025
45,000
10
45,010
At 31 May 2024
54,000
12
54,012
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 June 2024
221,020
46,615
267,635
Additions
-
0
1,161
1,161
Disposals
-
0
(1,606)
(1,606)
At 31 May 2025
221,020
46,170
267,190
Depreciation and impairment
At 1 June 2024
45,125
40,264
85,389
Depreciation charged in the year
12,618
2,858
15,476
Eliminated in respect of disposals
-
0
(1,240)
(1,240)
At 31 May 2025
57,743
41,882
99,625
Carrying amount
At 31 May 2025
163,277
4,288
167,565
At 31 May 2024
175,895
6,351
182,246
BADWELL ASH LAKESIDE LIMITED
Badwell Ash Lakeside Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
4
Tangible fixed assets
(Continued)
- 8 -

There is a fixed and floating charge over all assets. The floating charge covers all the property or undertaking of the company.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
35,689
32,072
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
3,219
2,604
Trade creditors
1,843
1,451
Taxation and social security
11,972
6,111
Other creditors
343,780
359,127
360,814
369,293
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
24,135
27,485
Creditors which fall due after five years are payable as follows:
Payable by instalments
8,267
14,324
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
24
24
24
24
9
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
573,167
41,167
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