Shap Lodge Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10661450 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 9 MARCH 2017 TO 31 MARCH 2018

FOR

SHAP LODGE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A S H Hindley

Mrs L C Noble

REGISTERED OFFICE:

C/o Christian Douglass Accountants Ltd

14 Clifford Court

Cooper Way

Carlisle

Cumbria

CA3 0JG

REGISTERED NUMBER:

10661450 (England and Wales)

ACCOUNTANTS:

Christian Douglass Accountants Limited

14 Clifford Court

Cooper Way

Carlisle

Cumbria

CA3 0JG

FIXED ASSETS

Tangible assets

4

296,325

CURRENT ASSETS

Debtors

5

18,907

Cash at bank

36,885

55,792

CREDITORS

Amounts falling due within one year

6

86,586

NET CURRENT LIABILITIES

(30,794

)

TOTAL ASSETS LESS CURRENT LIABILITIES

265,531

CREDITORS

Amounts falling due after more than one year

7

339,543

NET LIABILITIES

(74,012

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(74,112

)

(74,012

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 9 December 2018 and were signed on its behalf by:

Mrs L C Noble - Director

1.	STATUTORY INFORMATION

Shap Lodge Limited is a private company, limited by shares, registered in England and Wales. The company's

registered number is 10661450 and its registered office is at 14 Clifford Court, Cooper Way, Parkhouse

Business Park, Carlisle, CA3 0JG.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At the balance sheet date the company had net liabilities of £74,012. The company meets its day to day working

capital requirements through monies introduced by the directors. The directors have confirmed their intention to

continue this arrangement, and on that basis, the directors consider it appropriate to prepare the financial

statements on a going concern basis.

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

-

10% on cost

Taxation

Taxation for the period 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 period 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 period was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

296,325

At 31 March 2018

296,325

NET BOOK VALUE

At 31 March 2018

296,325

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

2,750

Other debtors

16,157

18,907

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

35,939

Other creditors

50,647

86,586

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other creditors

339,543

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

£

Within one year

14,400

Between one and five years

46,800

61,200