Thistle Lodges Limited - Accounts to registrar (filleted) - small 18.2

Thistle Lodges Limited - Accounts to registrar (filleted) - small 18.2

THISTLE LODGES LIMITED - Company Information

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REGISTERED NUMBER: 04335848 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2020

FOR

THISTLE LODGES LIMITED
Ainsworths Limited
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY








THISTLE LODGES LIMITED (REGISTERED NUMBER: 04335848)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THISTLE LODGES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2020







DIRECTORS: Mr A E Collard
Mrs J A Collard





SECRETARY: Mr A E Collard





REGISTERED OFFICE: Warnell House
Welton
Carlisle
CA5 7HW





REGISTERED NUMBER: 04335848 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY
Page 1
THISTLE LODGES LIMITED (REGISTERED NUMBER: 04335848)

BALANCE SHEET
31ST MARCH 2020

31.3.20 31.3.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 78 97
Investment property 5 150,000 150,000
150,078 150,097

CURRENT ASSETS
Debtors 6 2,324 505
Cash at bank 771 12,787
3,095 13,292
CREDITORS
Amounts falling due within one year 7 6,741 7,965
NET CURRENT (LIABILITIES)/ASSETS (3,646 ) 5,327
TOTAL ASSETS LESS CURRENT
LIABILITIES
146,432
155,424

PROVISIONS FOR LIABILITIES 9,854 9,854
NET ASSETS 136,578 145,570

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Revaluation reserve 8 70,329 70,329
Retained earnings 36,249 45,241
SHAREHOLDERS' FUNDS 136,578 145,570

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2020 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 notes form part of these financial statements

Page 2 continued...
THISTLE LODGES LIMITED (REGISTERED NUMBER: 04335848)

BALANCE SHEET - continued
31ST MARCH 2020


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 22nd December 2020 and were signed on its behalf by:





Mr A E Collard - Director


The notes form part of these financial statements

Page 3
THISTLE LODGES LIMITED (REGISTERED NUMBER: 04335848)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2020


1. STATUTORY INFORMATION

Thistle Lodges 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rents receivable.

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 etc - 20% on reducing balance

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

Page 4 continued...
THISTLE LODGES LIMITED (REGISTERED NUMBER: 04335848)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2020


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2019
and 31st March 2020 2,687
DEPRECIATION
At 1st April 2019 2,590
Charge for year 19
At 31st March 2020 2,609
NET BOOK VALUE
At 31st March 2020 78
At 31st March 2019 97

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2019
and 31st March 2020 150,000
NET BOOK VALUE
At 31st March 2020 150,000
At 31st March 2019 150,000

Fair value at 31st March 2020 is represented by:

£   
Valuation in 2020 150,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.20 31.3.19
£    £   
Cost 61,116 61,116

Investment property was valued on an open market basis on 31st March 2020 by the directors .

Page 5 continued...
THISTLE LODGES LIMITED (REGISTERED NUMBER: 04335848)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2020


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Trade debtors 604 -
Other debtors 1,720 505
2,324 505

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Taxation and social security - 1,508
Other creditors 6,741 6,457
6,741 7,965

8. RESERVES
Revaluation
reserve
£   
At 1st April 2019
and 31st March 2020 70,329

Page 6