Gladstone Lodge Limited - Accounts to registrar (filleted) - small 18.2
Gladstone Lodge Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30th June 2021 |
| for |
| Gladstone Lodge Limited |
| Gladstone Lodge Limited (Registered number: 05471979) |
| Contents of the Financial Statements |
| for the Year Ended 30th June 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Gladstone Lodge Limited |
| Company Information |
| for the Year Ended 30th June 2021 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Cliffe Hill House |
| 22-26 Nottingham Road |
| Stapleford |
| Nottingham |
| NG9 8AA |
| Gladstone Lodge Limited (Registered number: 05471979) |
| Balance Sheet |
| 30th June 2021 |
| 30.6.21 | 30.6.20 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges her 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. |
| Gladstone Lodge Limited (Registered number: 05471979) |
| Balance Sheet - continued |
| 30th June 2021 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| Gladstone Lodge Limited (Registered number: 05471979) |
| Notes to the Financial Statements |
| for the Year Ended 30th June 2021 |
| 1. | STATUTORY INFORMATION |
| Gladstone Lodge Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 |
| Gladstone Lodge Limited (Registered number: 05471979) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th June 2021 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1st July 2020 |
| Additions |
| At 30th June 2021 |
| DEPRECIATION |
| At 1st July 2020 |
| Charge for year |
| At 30th June 2021 |
| NET BOOK VALUE |
| At 30th June 2021 |
| At 30th June 2020 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.21 | 30.6.20 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.21 | 30.6.20 |
| £ | £ |
| Bank loans and overdrafts |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.6.21 | 30.6.20 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 20,336 | 29,382 |
| Gladstone Lodge Limited (Registered number: 05471979) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th June 2021 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.6.21 | 30.6.20 |
| £ | £ |
| Bank loans |
| Lloyds Bank PLC hold a fixed and floating charge dated 5 June 2014 over the company's freehold property. The balance at the year end was £50,673 (2019 £54,649). |
| The company has a Bounce Back loan with the bank which is guaranteed by UK Government. The balance at the year end was £17,000. |