Lundforest Partnership Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 13272350 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Lundforest Partnership Limited

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

Mrs. A Knaggs

Mr J Knaggs

Mrs S Ireland

Mr. G R Featherstone

Mr R F Knaggs

Registered office:

West Farm

Ryton

Malton

North Yorkshire

YO17 6XU

Registered number:

13272350 (England and Wales)

Accountants:

Ullyott Limited

6 George Street

Driffield

East Yorkshire

YO25 6RA

FIXED ASSETS

Tangible assets

4

624,805

596,571

CURRENT ASSETS

Stocks

29,074

28,569

Debtors

5

9,437

14,407

Cash at bank

17,097

25,660

55,608

68,636

CREDITORS

Amounts falling due within one year

6

56,768

53,633

NET CURRENT (LIABILITIES)/ASSETS

(1,160

)

15,003

TOTAL ASSETS LESS CURRENT
LIABILITIES

623,645

611,574

CREDITORS

Amounts falling due after more than one
year

7

(257,004

)

(271,062

)

PROVISIONS FOR LIABILITIES

(39,724

)

(23,278

)

NET ASSETS

326,917

317,234

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

326,817

317,134

SHAREHOLDERS' FUNDS

326,917

317,234

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 8 June 2026 and were signed on its behalf by:

Mrs. A Knaggs - Director

1.	STATUTORY INFORMATION

Lundforest Partnership 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Plant and machinery etc

-

10% on cost

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 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 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.

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 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

COST OR VALUATION

At 1 April 2025

445,369

197,258

642,627

Additions

-

56,550

At 31 March 2026

445,369

253,808

699,177

DEPRECIATION

At 1 April 2025

-

46,056

Charge for year

-

38,853

Eliminated on disposal

-

(10,537

)

(10,537

)

At 31 March 2026

-

74,372

NET BOOK VALUE

At 31 March 2026

445,369

179,436

624,805

At 31 March 2025

445,369

151,202

596,571

Cost or valuation at 31 March 2026 is represented by:

Freehold

Plant and

property

machinery

Totals

£

Valuation in 2023

250,000

-

250,000

Cost

195,369

253,808

449,177

445,369

253,808

699,177

Burrow Nooks was valued on an open market basis on 19 June 2023 by Cundalls (Yorkshire) Limited .

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

Plant and

machinery

£

COST OR VALUATION

At 1 April 2025

167,558

Additions

51,000

At 31 March 2026

218,558

DEPRECIATION

At 1 April 2025

22,342

Charge for year

34,993

At 31 March 2026

57,335

NET BOOK VALUE

At 31 March 2026

161,223

At 31 March 2025

145,216

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

6,513

11,590

Corporation tax

-

587

VAT

2,924

2,230

9,437

14,407

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

15,716

14,464

Hire purchase contracts

39,366

22,329

Trade creditors

-

13,198

Social security and other taxes

283

356

Directors' current accounts

3

1,886

Accruals and deferred income

1,400

56,768

53,633

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2026

2025

£

Bank loans

30,474

46,189

Hire purchase contracts

68,212

66,555

Directors' loan accounts

158,318

257,004

271,062

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

25

A Ordinary

£1.00

25

B Ordinary

£1

25

C Ordinary

£1

25

D Ordinary

£1

25

100