Shakespeare Lodge TLA Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04181941

Shakespeare Lodge TLA Limited

Filleted Unaudited Financial Statements

For the year ended

31 May 2025

Shakespeare Lodge TLA Limited

Statement of Financial Position

31 May 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		1,983,552		2,040,010

Current assets

Debtors	6	14,380	92,463
Cash at bank and in hand		138,818	181,506
		---------	---------
		153,198	273,969

Creditors: amounts falling due within one year	7	255,603		284,767
		---------		---------
Net current liabilities			102,405		10,798
			------------		------------
Total assets less current liabilities			1,881,147		2,029,212

Creditors: amounts falling due after more than one year	8		300,000		400,000

Provisions

Taxation including deferred tax	43,018	45,321
	------------	------------
Net assets	1,538,129	1,583,891
	------------	------------

Capital and reserves

Called up share capital	200	200
Profit and loss account	1,537,929	1,583,691
	------------	------------
Shareholders funds	1,538,129	1,583,891
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Directors' responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

Shakespeare Lodge TLA Limited

Statement of Financial Position (continued)

31 May 2025

These financial statements were approved by the board of directors and authorised for issue on 17 July 2026 , and are signed on behalf of the board by:

Mrs N A Manley

Director

Company registration number: 04181941

Shakespeare Lodge TLA Limited

Notes to the Financial Statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ground Floor, 3 Wellbrook Court, Girton, Cambridge, CB3 0NA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents amounts receivable for the provision of accommodation and related services during the year, exclusive of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Property	-	2 - 15% straight line
Leasehold Property Improvements	-	2% straight line
Plant & Machinery	-	10 - 25% straight line
Motor Vehicles	-	25% reducing balance

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 7 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 June 2024	2,557,620	171,993	10,026	2,739,639
Disposals	–	–	( 2,850)	( 2,850)
	------------	---------	--------	------------
At 31 May 2025	2,557,620	171,993	7,176	2,736,789
	------------	---------	--------	------------
Depreciation
At 1 June 2024	540,331	151,490	7,808	699,629
Charge for the year	51,126	4,663	517	56,306
Disposals	–	–	( 2,698)	( 2,698)
	------------	---------	--------	------------
At 31 May 2025	591,457	156,153	5,627	753,237
	------------	---------	--------	------------
Carrying amount
At 31 May 2025	1,966,163	15,840	1,549	1,983,552
	------------	---------	--------	------------
At 31 May 2024	2,017,289	20,503	2,218	2,040,010
	------------	---------	--------	------------

6. Debtors

	2025	2024
	£	£
Trade debtors	–	50
Other debtors	14,380	92,413
	--------	--------
	14,380	92,463
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	5,658	9,958
Social security and other taxes	138,632	104,465
Other creditors	111,313	170,344
	---------	---------
	255,603	284,767
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	300,000	400,000
	---------	---------

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases as at 31 May 2025 are £23,165 (2024: £26,523).

10. Directors' advances, credits and guarantees

During the current and previous year the company made advances to and received payments from the directors. Interest has been charged at the official HMRC rate on any overdrawn loan account balances, there are no fixed repayment terms.

	2025	2024
	£	£
Advances	–	7,935
Repayments	–	246,605