H Lount and Son Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04520977 (England and Wales)

H Lount and Son Ltd

Unaudited Financial Statements

For The Year Ended 31 October 2025

Page

Company Information

1

Chartered Accountants' Report

2

Abridged Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

S Lount

Mrs M C Lount

SECRETARY:

Mrs M C Lount

REGISTERED OFFICE:

15 Prospect Street

Bridlington

East Yorkshire

YO15 AE

REGISTERED NUMBER:

04520977 (England and Wales)

ACCOUNTANTS:

Charles A. Wood & Co.

Chartered Accountants

15 Prospect Street

Bridlington

East Yorkshire

YO15 2AE

BANKERS:

HSBC Bank plc

1 King Street

Bridlington

East Yorkshire

YO15 2DL

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of H Lount and Son Ltd for the year ended 31 October 2025 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of H Lount and Son Ltd, as a body, in accordance with the terms of our engagement letter dated 29 April 2025. Our work has been undertaken solely to prepare for your approval the financial statements of H Lount and Son Ltd and state those matters that we have agreed to state to the Board of Directors of H Lount and Son Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than H Lount and Son Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that H Lount and Son Ltd 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 loss of H Lount and Son Ltd. You consider that H Lount and Son Ltd 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 H Lount and Son Ltd. 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.

Charles A. Wood & Co.

Chartered Accountants

15 Prospect Street

Bridlington

East Yorkshire

YO15 2AE

26 May 2026

FIXED ASSETS

Tangible assets

4

177,106

217,120

Investments

5

1,844

178,950

218,964

CURRENT ASSETS

Stocks

2,340

2,100

Debtors

47,155

40,186

Cash at bank and in hand

557,000

574,492

606,495

616,778

CREDITORS

Amounts falling due within one year

62,445

45,010

NET CURRENT ASSETS

544,050

571,768

TOTAL ASSETS LESS CURRENT
LIABILITIES

723,000

790,732

CREDITORS

Amounts falling due after more than one
year

(81,579

)

(89,517

)

PROVISIONS FOR LIABILITIES

(11,999

)

(21,563

)

ACCRUALS AND DEFERRED INCOME

(55,125

)

(37,238

)

NET ASSETS

574,297

642,414

CAPITAL AND RESERVES

Called up share capital

85

Capital redemption reserve

15

Retained earnings

574,197

642,314

SHAREHOLDERS' FUNDS

574,297

642,414

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 May 2026 and were signed on its behalf by:

S Lount - Director

1.	STATUTORY INFORMATION

H Lount and Son Ltd 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.

Turnover

Turnover represents net invoiced caravan site fees and related income, excluding Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to leasehold property

-

Straight line over 20 years

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2024

542,043

Additions

7,407

At 31 October 2025

549,450

DEPRECIATION

At 1 November 2024

324,923

Charge for year

47,421

At 31 October 2025

372,344

NET BOOK VALUE

At 31 October 2025

177,106

At 31 October 2024

217,120

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 November 2024

and 31 October 2025

169,265

DEPRECIATION

At 1 November 2024

46,587

Charge for year

30,669

At 31 October 2025

77,256

NET BOOK VALUE

At 31 October 2025

92,009

At 31 October 2024

122,678

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 November 2024

and 31 October 2025

1,844

NET BOOK VALUE

At 31 October 2025

1,844

At 31 October 2024

1,844

6.	CONTINGENT LIABILITIES

The Company is continuing in litigation with its landlord in connection with a dispute over the lease. It is anticipated that further legal fees will be incurred. The Directors are confident that the Company will be successful and do not anticipate any loss to the Company or award of costs against it.

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 October 2025 and the period ended 31 October 2024:

2025

2024

£

S Lount and Mrs M C Lount

Balance outstanding at start of year

-

46,408

Amounts advanced

608

106,669

Amounts repaid

(608

)

(153,077

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs M C Lount.