Company No: 13948287 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	30.06.2026		31.12.2024
		£		£
Fixed assets
Tangible assets	3	0		37,017
		0		37,017
Current assets
Debtors	4	710		38,619
Cash at bank and in hand		590		13,934
		1,300		52,553
Creditors: amounts falling due within one year	5	( 1,522)		( 69,803)
Net current liabilities		(222)		(17,250)
Total assets less current liabilities		(222)		19,767
Creditors: amounts falling due after more than one year	6	( 114,108)		( 82,026)
Net liabilities		( 114,330)		( 62,259)
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		( 114,430 )		( 62,359 )
Total shareholders' deficit		( 114,330)		( 62,259)

For the financial period ending 30 June 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Lake Road House Ltd (registered number: 13948287) were approved and authorised for issue by the Director on 20 October 2026. They were signed on its behalf by:

Mr R Coates Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lake Road House Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The company's financial statements have been prepared on a basis other than that of a going concern.
As disclosed in the reporting period accounting policy, the accounting period was extended to 30 June 2026 to facilitate the sale of the company's assets. Following the successful completion of the sale, the directors intend to wind up the affairs of the company and formally liquidate the entity.
Accordingly, the financial statements have been prepared on a break-up basis. Assets have been written down to their realisable values, long-term liabilities have been reclassified as current, and provision has been made for any contractual onerous commitments arising directly from the cessation of business.

Reporting period length

The financial statements have been prepared for the 18-month period from 1 January 2025 to 30 June 2026.
The accounting period was extended from its standard 12-month duration to facilitate the formal sale and orderly transition of the company’s business operations.
As a result of this extension, the comparative amounts presented in these financial statements (which cover the 12-month period ended 31 December 2024) are not entirely comparable with the current period's income statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer and revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line and reducing balance basis over its expected useful life, as follows:

Leasehold improvements	depreciated over the life of the lease
Plant and machinery	2 - 5 years straight line
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

2. Employees

	Period from 01.01.2025 to 30.06.2026		Year ended 31.12.2024
	Number		Number
Monthly average number of persons employed by the Company during the period, including the director	10		14

3. Tangible assets

	Leasehold improve- ments		Plant and machinery		Computer equipment		Total
	£		£		£		£
Cost
At 01 January 2025	14,232		41,004		2,462		57,698
Additions	0		5,074		999		6,073
Disposals	( 14,232)		( 46,078)		( 3,461)		( 63,771)
At 30 June 2026	0		0		0		0
Accumulated depreciation
At 01 January 2025	2,350		17,438		893		20,681
Charge for the financial period	949		8,607		965		10,521
Disposals	( 3,299)		( 26,045)		( 1,858)		( 31,202)
At 30 June 2026	0		0		0		0
Net book value
At 30 June 2026	0		0		0		0
At 31 December 2024	11,882		23,566		1,569		37,017

4. Debtors

	30.06.2026		31.12.2024
	£		£
Other debtors	710		38,619

5. Creditors: amounts falling due within one year

	30.06.2026		31.12.2024
	£		£
Trade creditors	0		6,872
Other taxation and social security	0		4,862
Other creditors	1,522		58,069
	1,522		69,803

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

	30.06.2026		31.12.2024
	£		£
Other creditors	114,108		82,026

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	30.06.2026		31.12.2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary Shares shares of £ 1.00 each	100		100