Lodge Holdings (UK) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03691747 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

LODGE HOLDINGS (UK) LIMITED

Page

Statement of Financial Position

1

to

2

Notes to the Financial Statements

3

to

7

FIXED ASSETS

Investment property

5

8,050,000

CURRENT ASSETS

Debtors

6

6,670

3,155

Cash at bank

193,512

775,150

200,182

778,305

CREDITORS

Amounts falling due within one year

7

(460,001

)

(1,109,115

)

NET CURRENT LIABILITIES

(259,819

)

(330,810

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,790,181

7,719,190

CREDITORS

Amounts falling due after more than one
year

8

(2,219,097

)

(2,509,757

)

PROVISIONS FOR LIABILITIES

(393,237

)

(385,693

)

NET ASSETS

5,177,847

4,823,740

CAPITAL AND RESERVES

Called up share capital

33,600

Fair value reserve

10

1,735,320

Capital redemption reserve

6,900

Retained earnings

3,402,027

3,047,920

SHAREHOLDERS' FUNDS

5,177,847

4,823,740

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 May 2026 and were signed on its behalf by:

M Lodge - Director

1.	STATUTORY INFORMATION

Lodge Holdings (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03691747

Registered office:

C/O DPC

Stone House

55 Stone Road Business Park

Stoke-on-Trent

Staffordshire

ST4 6SR

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity of the company is the rental of property.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit and loss.

SIGNIFICANT JUDGEMENTS AND ESTIMATES

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

KEY SOURCES OF ESTIMATION OF UNCERTAINTY

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:

(i) Valuation of investments

Investments in subsidiary undertakings are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

(ii) Valuation of investment property

As described in the notes to the financial statements, the directors believe that there has been no change to the fair value of the investment property held as at 31 March 2026.

REVENUE RECOGNITION

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Lodge Holdings (UK) Limited hires and rents the company's properties.

Revenue is recognised in the accounting period in which the services are rendered.

INVESTMENT PROPERTY

Investment property has been valued by an independent third party and the directors are of the opinion that there has been no material change since 31 March 2026

FINANCIAL INSTRUMENTS

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

CORPORATION TAX

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

PROVISIONS

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - NIL ) .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

8,050,000

NET BOOK VALUE

At 31 March 2026

8,050,000

At 31 March 2025

8,050,000

The directors believe that there has been no change to the fair value of all investment property held at 31 March 2026.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Other debtors

6,670

3,155

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade creditors

4,768

24

Taxation and social security

143,670

134,521

Other creditors

311,563

974,570

460,001

1,109,115

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.26

31.3.25

£

Other creditors

2,219,097

2,509,757

9.	SECURED DEBTS

There is a fixed charge dated 3 March 2023 relating to Martyn Joseph Lodge, Dr Andrew Martin Christmas, Simon Peter Christmas and Edward Charles Lodge over Freehold property knows as 1-6 The Newark Centre, Newark Road, Peterborough, PE1 5UF.

There is a fixed charge dated 21 April 2023 relating to Martyn Joseph Lodge, Dr Andrew Martin Christmas, Simon Peter Christmas and Edward Charles Lodge over Freehold property knows as Kingsway tyres, Hempton Road, Fakenham, NR21 7LA.

10.

RESERVES

Fair

value

reserve

£

At 1 April 2025

and 31 March 2026

1,735,320

11.	RELATED PARTY DISCLOSURES

Transactions with directors, are conducted under normal market conditions and/or are not material.

12.	POST BALANCE SHEET EVENTS

There were no other material events up to the date of approval of the financial statements by the board.

13.	ULTIMATE CONTROLLING PARTY

The company is a 100% owned subsidiary of Teams Property Holdings Limited, which is the ultimate parent company.

14.	OPERATING LEASES - LESSOR

The below amounts are the future minimum lease payments under non-cancellable operating leases due to the company:

2026

2025

Within one year

638,000

Between one and five years

2,552,000

In more than five years

1,183,625

1,821,625

4,373,625

5,011,625