Thistle Lodges Limited - Accounts to registrar (filleted) - small 22.3

Thistle Lodges Limited - Accounts to registrar (filleted) - small 22.3

THISTLE LODGES LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v22.3.3.48 04335848 Board of Directors 1.4.21 31.3.22 31.3.22 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure043358482021-03-31043358482022-03-31043358482021-04-012022-03-31043358482020-03-31043358482020-04-012021-03-31043358482021-03-3104335848ns16:EnglandWales2021-04-012022-03-3104335848ns15:PoundSterling2021-04-012022-03-3104335848ns11:Director12021-04-012022-03-3104335848ns11:PrivateLimitedCompanyLtd2021-04-012022-03-3104335848ns11:SmallEntities2021-04-012022-03-3104335848ns11:AuditExemptWithAccountantsReport2021-04-012022-03-3104335848ns11:SmallCompaniesRegimeForDirectorsReport2021-04-012022-03-3104335848ns11:SmallCompaniesRegimeForAccounts2021-04-012022-03-3104335848ns11:FullAccounts2021-04-012022-03-3104335848ns11:Director22021-04-012022-03-3104335848ns11:CompanySecretary12021-04-012022-03-3104335848ns11:RegisteredOffice2021-04-012022-03-3104335848ns6:CurrentFinancialInstruments2022-03-3104335848ns6:CurrentFinancialInstruments2021-03-3104335848ns6:Non-currentFinancialInstruments2022-03-3104335848ns6:Non-currentFinancialInstruments2021-03-3104335848ns6:ShareCapital2022-03-3104335848ns6:ShareCapital2021-03-3104335848ns6:RevaluationReserve2022-03-3104335848ns6:RevaluationReserve2021-03-3104335848ns6:RetainedEarningsAccumulatedLosses2022-03-3104335848ns6:RetainedEarningsAccumulatedLosses2021-03-3104335848ns6:PlantMachinery2021-04-012022-03-3104335848ns6:PlantMachinery2021-03-3104335848ns6:PlantMachinery2022-03-3104335848ns6:PlantMachinery2021-03-3104335848ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3104335848ns6:WithinOneYearns6:CurrentFinancialInstruments2021-03-3104335848ns6:RevaluationReserve2021-03-31
REGISTERED NUMBER: 04335848 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2022

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 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

THISTLE LODGES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2022







DIRECTORS: Mr A E Collard
Mrs J A Collard





SECRETARY: Mr A E Collard





REGISTERED OFFICE: Warnell House
Welton
Carlisle
Cumbria
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 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,492 3,135
Investment property 5 150,000 150,000
157,492 153,135

CURRENT ASSETS
Debtors 6 690 1,521
Cash at bank 7,349 28,119
8,039 29,640
CREDITORS
Amounts falling due within one year 7 7,663 10,316
NET CURRENT ASSETS 376 19,324
TOTAL ASSETS LESS CURRENT
LIABILITIES
157,868
172,459

CREDITORS
Amounts falling due after more than one
year
8
-
(19,000
)

PROVISIONS FOR LIABILITIES (11,272 ) (10,440 )
NET ASSETS 146,596 143,019

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Revaluation reserve 9 70,329 70,329
Retained earnings 46,267 42,690
SHAREHOLDERS' FUNDS 146,596 143,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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 2022


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 13th December 2022 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 2022


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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2021 6,170
Additions 5,570
At 31st March 2022 11,740
DEPRECIATION
At 1st April 2021 3,035
Charge for year 1,213
At 31st March 2022 4,248
NET BOOK VALUE
At 31st March 2022 7,492
At 31st March 2021 3,135

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2021
and 31st March 2022 150,000
NET BOOK VALUE
At 31st March 2022 150,000
At 31st March 2021 150,000

Fair value at 31st March 2022 is represented by:
£   
Valuation in 2022 150,000

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

31.3.22 31.3.21
£    £   
Cost 61,116 61,116

Investment property was valued on a fair value basis on 31st March 2022 by the directors .

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors - 831
Other debtors 690 690
690 1,521

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts - 1,000
Taxation and social security 477 4,904
Other creditors 7,186 4,412
7,663 10,316

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans - 19,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - 3,000

9. RESERVES
Revaluation
reserve
£   
At 1st April 2021
and 31st March 2022 70,329

Page 6
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
THISTLE LODGES LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Thistle Lodges Limited for the year ended 31st March 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Thistle Lodges Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Thistle Lodges Limited and state those matters that we have agreed to state to the Board of Directors of Thistle Lodges Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Thistle Lodges Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Thistle Lodges Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Thistle Lodges Limited. You consider that Thistle Lodges Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Thistle Lodges Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ainsworths Limited
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY


Date: .............................................

This page does not form part of the statutory financial statements

Page 7