W Lancaster & Co Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00113905 (England and Wales)

Financial Statements for the Year Ended 31 January 2026

for

W Lancaster & Co Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J D Emanuel

Mrs J N Emanuel

Miss C H Emanuel

Mrs S J Richardson

J Richardson

SECRETARY:

J D Emanuel

REGISTERED OFFICE:

Hewenden Mill

Cullingworth

Bradford

BD13 5BP

REGISTERED NUMBER:

00113905 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Tangible assets

4

1,380,504

1,606,836

Investments

5

617,460

-

1,997,964

1,606,836

CURRENT ASSETS

Debtors

6

1,721

1,562

Cash at bank

204,169

933,869

205,890

935,431

CREDITORS

Amounts falling due within one year

7

5,861

11,641

NET CURRENT ASSETS

200,029

923,790

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,197,993

2,530,626

CREDITORS

Amounts falling due after more than one year

8

22,506

24,791

NET ASSETS

2,175,487

2,505,835

CAPITAL AND RESERVES

Called up share capital

20,239

Share premium

1,289,011

Non-distributable reserve

9

-

197,580

Other reserves

14,500

Retained earnings

851,737

984,505

SHAREHOLDERS' FUNDS

2,175,487

2,505,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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.

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 27 April 2026 and were signed on its behalf by:

Mrs J N Emanuel - Director

1.	STATUTORY INFORMATION

W Lancaster & Co Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover comprises income derived from the provision of furnished holiday letting accommodation and ancillary services. Revenue is recognised once a customers stay at the accommodation is complete.

Tangible fixed assets

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

Freehold property

-

not provided

Fixtures and fittings

-

20% on cost and 10% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on reducing balance

No depreciation is provided on freehold buildings used to provide holiday letting accommodation because the useful lives and residual values of such buildings are considered to be such that any depreciation would not be material.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

Pension costs and other post-retirement benefits

The company operates a money purchase pension scheme for directors and employees. The scheme's funds are administered by trustees and are independent of the company's finances.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

COST OR VALUATION

At 1 February 2025

1,610,500

52,039

12,473

5,620

1,680,632

Additions

-

440

-

488

928

Disposals

-

(235

)

-

(235

)

Revaluations

(223,609

)

-

(223,609

)

At 31 January 2026

1,386,891

52,479

12,238

6,108

1,457,716

DEPRECIATION

At 1 February 2025

11,891

43,812

12,473

5,620

73,796

Charge for year

-

3,488

-

163

3,651

Eliminated on disposal

-

(235

)

-

(235

)

At 31 January 2026

11,891

47,300

12,238

5,783

77,212

NET BOOK VALUE

At 31 January 2026

1,375,000

5,179

-

325

1,380,504

At 31 January 2025

1,598,609

8,227

-

1,606,836

Cost or valuation at 31 January 2026 is represented by:

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

Valuation in 2024

197,580

-

197,580

Valuation in 2025

(223,609

)

-

(223,609

)

Cost

1,412,920

52,479

12,238

6,108

1,483,745

1,386,891

52,479

12,238

6,108

1,457,716

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

Additions

848,648

Disposals

(229,151

)

Revaluations

(2,037

)

At 31 January 2026

617,460

NET BOOK VALUE

At 31 January 2026

617,460

Cost or valuation at 31 January 2026 is represented by:

Other

investments

£

Valuation in 2026

(2,037

)

Cost

619,497

617,460

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Other debtors

1,721

1,562

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Trade creditors

1,347

3,262

Taxation and social security

360

881

Other creditors

4,154

7,498

5,861

11,641

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.1.26

31.1.25

£

Other creditors

22,506

24,791

9.

RESERVES

Non-distribu

reserve

£

At 1 February 2025

197,580

Revaluation

(197,580

)

At 31 January 2026

-