Registration number: 09971592

Lakeland Gardens Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Lakeland Gardens Limited

Company Information

Directors

ST Westcott M Westcott

Registered office

First Floor West Wing Bridge Mills Stramongate Kendal Cumbria LA9 4UB

Lakeland Gardens Limited

(Registration number: 09971592)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	857,459	759,846
Current assets
Stocks		173,076	195,454
Debtors	6	611,751	325,559
Cash at bank and in hand		390,321	189,863
		1,175,148	710,876
Creditors: Amounts falling due within one year	7	(601,310)	(153,591)
Net current assets		573,838	557,285
Total assets less current liabilities		1,431,297	1,317,131
Creditors: Amounts falling due after more than one year	7	(48,331)	(15,837)
Provisions for liabilities		(69,650)	(73,996)
Net assets		1,313,316	1,227,298
Capital and reserves
Called up share capital		12	12
Retained earnings		1,313,304	1,227,286
Shareholders' funds		1,313,316	1,227,298

Lakeland Gardens Limited

(Registration number: 09971592)
Balance Sheet as at 31 March 2026

For the financial year ending 31 March 2026 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 October 2026 and signed on its behalf by:
 

......................................... ST Westcott Director

Lakeland Gardens Limited

Notes to the Unaudited Financial Statements for the year ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
First Floor West Wing
Bridge Mills
Stramongate
Kendal
Cumbria
LA9 4UB

These financial statements were authorised for issue by the Board on 29 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, with management having given due consideration to the company’s ability to continue as a going concern for at least the next twelve months.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of turnover can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Lakeland Gardens Limited

Notes to the Unaudited Financial Statements for the year ended 31 March 2026

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Depreciation method and rate for tangible assets
Asset class	Depreciation method and rate
Plant and machinery	20% on reducing balance
Motor vehicles	20% on reducing balance

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Lakeland Gardens Limited

Notes to the Unaudited Financial Statements for the year ended 31 March 2026

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 48 (2025 - 44).

4

Taxation

Tax charged/(credited) in the profit and loss account

	2026 £	2025 £
Current taxation
UK corporation tax	81,531	(12,549)
UK corporation tax adjustment to prior periods	-	445
	81,531	(12,104)
Deferred taxation
Arising from origination and reversal of timing differences	(4,346)	-
Tax expense/(receipt) in the income statement	77,185	(12,104)

Lakeland Gardens Limited

Notes to the Unaudited Financial Statements for the year ended 31 March 2026

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	548,818	242,964	404,627	1,196,409
Additions	81,081	25,466	91,675	198,222
At 31 March 2026	629,899	268,430	496,302	1,394,631
Depreciation
At 1 April 2025	63,886	131,527	241,150	436,563
Charge for the year	28,104	24,690	47,815	100,609
At 31 March 2026	91,990	156,217	288,965	537,172
Carrying amount
At 31 March 2026	537,909	112,213	207,337	857,459
At 31 March 2025	484,932	111,437	163,477	759,846

Included within the net book value of land and buildings above is £67,815 (2025 - £67,815) in respect of freehold land and buildings and £470,094 (2025 - £417,117) in respect of long leasehold land and buildings.
 

6

Debtors

Current		2026 £	2025 £
Trade debtors		574,809	298,400
Amounts owed by related parties		19,463	710
Other debtors		17,479	26,449
		611,751	325,559

Lakeland Gardens Limited

Notes to the Unaudited Financial Statements for the year ended 31 March 2026

7

Creditors

Creditors: amounts falling due within one year

		2026 £	2025 £
Due within one year
Loans and borrowings		34,513	35,770
Trade creditors		5,960	-
Amounts owed to group undertakings and undertakings in which the company has a participating interest		53	687
Taxation and social security		283,599	93,558
Accruals and deferred income		248,915	3,609
Other creditors		28,270	19,967
		601,310	153,591

Creditors: amounts falling due after more than one year

		2026 £	2025 £
Due after one year
Loans and borrowings		48,331	15,837

8	Provisions for liabilities

	Deferred tax £	Total £
At 1 April 2025	73,996	73,996
Increase (decrease) through business combinations	(4,346)	(4,346)
At 31 March 2026	69,650	69,650

9	Parent and ultimate parent undertaking

The company's immediate parent is Grandsire Holdings Limited, incorporated in England and Wales.