Lodge Place Leaseholds Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09588707 (England and Wales)

Financial Statements for the Year Ended 30 April 2019

for

Lodge Place Leaseholds Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Carmichael

REGISTERED OFFICE:

Appletree House

Po Box 82

Liverpool

Merseyside

L19 0WD

REGISTERED NUMBER:

09588707 (England and Wales)

ACCOUNTANTS:

Cobham Murphy

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Investment property

3

2,750,000

2,750,000

CURRENT ASSETS

Debtors

4

3,976

215

Cash at bank

6,329

901

10,305

1,116

CREDITORS

Amounts falling due within one year

5

995,348

1,016,463

NET CURRENT LIABILITIES

(985,043

)

(1,015,347

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,764,957

1,734,653

CREDITORS

Amounts falling due after more than one year

6

(1,415,141

)

(1,459,518

)

PROVISIONS FOR LIABILITIES

(10,463

)

(10,463

)

NET ASSETS

339,353

264,672

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

339,253

264,572

SHAREHOLDERS' FUNDS

339,353

264,672

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 29 January 2020 and were signed by:

R Carmichael - Director

1.	STATUTORY INFORMATION

Lodge Place Leaseholds 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Despite the company's net current liability position the financial statements have been prepared on a going

concern basis as the company has the continued support of its parent undertaking and fellow subsidiary

undertakings.

Significant judgements and estimates

There are no judgements (apart from those involving estimates) that have had a significant effect on amounts

recognised in the financial statements.

Turnover

Turnover is the fair value of the consideration of rents received. Turnover is recognised in the period to which it

relates to.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Financial instruments

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest,

and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are

measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at 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 profit

and loss.

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.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2018

and 30 April 2019

2,750,000

NET BOOK VALUE

At 30 April 2019

2,750,000

At 30 April 2018

2,750,000

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade debtors

3,565

215

Other debtors

411

-

3,976

215

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Bank loans and overdrafts

45,000

40,000

Trade creditors

410

-

Other creditors

949,938

976,463

995,348

1,016,463

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.19

30.4.18

£

£

Bank loans

1,415,141

1,459,518

7.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.19

30.4.18

£

£

Bank loans

1,460,141

1,499,518

8.	RELATED PARTY DISCLOSURES