REGISTERED NUMBER: 06375265 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Lancashire Parks Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs V C Welch

J Welch

REGISTERED OFFICE:

Northgate House

Northgate

Sleaford

Lincolnshire

NG34 7BZ

REGISTERED NUMBER:

06375265 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

Northgate House

Northgate

Sleaford

Lincolnshire

NG34 7BZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,189,134

928,628

1,189,134

928,628

CURRENT ASSETS

Stocks

295,964

144,000

Debtors

6

170,103

319,623

Cash at bank

264,065

765,703

730,132

1,229,326

CREDITORS

Amounts falling due within one year

7

421,959

199,504

NET CURRENT ASSETS

308,173

1,029,822

TOTAL ASSETS LESS CURRENT LIABILITIES

1,497,307

1,958,450

CREDITORS

Amounts falling due after more than one year

8

(31,024

)

(40,197

)

PROVISIONS FOR LIABILITIES

(37,150

)

(35,697

)

NET ASSETS

1,429,133

1,882,556

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

1,429,132

1,882,555

SHAREHOLDERS' FUNDS

1,429,133

1,882,556

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 19 November 2025 and were signed on its behalf by:

Mrs V C Welch - Director

1.	STATUTORY INFORMATION

Lancashire Parks Ltd 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1

AMORTISATION

At 1 April 2024

and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of five years.

5.	TANGIBLE FIXED ASSETS

Fixtures

Land and

Plant and

and

Buildings

machinery

fittings

£

£

£

COST

At 1 April 2024

760,541

130,592

41,454

Additions

233,065

38,025

14,321

Disposals

-

-

-

At 31 March 2025

993,606

168,617

55,775

DEPRECIATION

At 1 April 2024

-

48,501

10,845

Charge for year

-

28,803

6,739

Eliminated on disposal

-

-

-

At 31 March 2025

-

77,304

17,584

NET BOOK VALUE

At 31 March 2025

993,606

91,313

38,191

At 31 March 2024

760,541

82,091

30,609

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

67,833

1,319

1,001,739

Additions

57,739

-

343,150

Disposals

(38,333

)

-

(38,333

)

At 31 March 2025

87,239

1,319

1,306,556

DEPRECIATION

At 1 April 2024

13,567

198

73,111

Charge for year

19,343

168

55,053

Eliminated on disposal

(10,742

)

-

(10,742

)

At 31 March 2025

22,168

366

117,422

NET BOOK VALUE

At 31 March 2025

65,071

953

1,189,134

At 31 March 2024

54,266

1,121

928,628

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

360

-

Amounts owed by group undertakings

-

350

Other debtors

169,743

319,273

170,103

319,623

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,400

5,400

Hire purchase contracts

4,600

4,600

Trade creditors

161,017

22,020

Amounts owed to group undertakings

11,514

-

Taxation and social security

4,156

5,488

Other creditors

235,272

161,996

421,959

199,504

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

25,062

30,480

Hire purchase contracts

5,962

9,717

31,024

40,197

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1