REGISTERED NUMBER: 08115272 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2026

FOR

LAKE DISTRICT PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R L Lakin

Mr L M Lakin

Mrs S M Lakin

Mrs L Wilson

SECRETARY:

Mrs L Wilson

REGISTERED OFFICE:

Knoll Cottage

Rydal Road

Ambleside

Cumbria

LA22 9AY

REGISTERED NUMBER:

08115272 (England and Wales)

ACCOUNTANTS:

DCB Accountants Limited

Unit 6 Mereside

Greenbank Road

Eden Business Park

Penrith

Cumbria

CA11 9FB

FIXED ASSETS

Tangible assets

4

575,242

664,897

CURRENT ASSETS

Cash at bank

177,534

79,742

CREDITORS

Amounts falling due within one year

5

21,439

1,647

NET CURRENT ASSETS

156,095

78,095

TOTAL ASSETS LESS CURRENT LIABILITIES

731,337

742,992

CREDITORS

Amounts falling due after more than one year

6

(536,541

)

(638,048

)

PROVISIONS FOR LIABILITIES

7

(2,008

)

(1,879

)

NET ASSETS

192,788

103,065

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

9

191,788

102,065

SHAREHOLDERS' FUNDS

192,788

103,065

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 18th August 2026 and were signed on its behalf by:

Mr R L Lakin - Director

Mrs S M Lakin - Director

1.	STATUTORY INFORMATION

Lake District Properties 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.

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.

Freehold property

-

2% on cost

Fixtures and fittings

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1st July 2025

726,000

19,566

745,566

Additions

262,500

4,200

266,700

Disposals

(366,000

)

-

(366,000

)

At 30th June 2026

622,500

23,766

646,266

DEPRECIATION

At 1st July 2025

70,992

9,677

80,669

Charge for year

12,450

3,522

15,972

Eliminated on disposal

(25,617

)

-

(25,617

)

At 30th June 2026

57,825

13,199

71,024

NET BOOK VALUE

At 30th June 2026

564,675

10,567

575,242

At 30th June 2025

655,008

9,889

664,897

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.26

30.6.25

£

£

Tax

20,499

855

Accrued expenses

940

792

21,439

1,647

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.26

30.6.25

£

£

Directors' loan accounts

536,541

638,048

7.	PROVISIONS FOR LIABILITIES

30.6.26

30.6.25

£

£

Deferred tax

2,008

1,879

Deferred

tax

£

Balance at 1st July 2025

1,879

Provided during year

129

Balance at 30th June 2026

2,008

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.26

30.6.25

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.

RESERVES

Retained

earnings

£

At 1st July 2025

102,065

Profit for the year

89,723

At 30th June 2026

191,788