PTP Accounts Production v23.1.0.753 04512566 Board of Directors 6.4.22 5.4.23 5.4.23 property letting. On 21 June 2010, the company acquired a further 25% interest in Bailgate Trust Company (a property letting partnership based in Lincolnshire) bringing the company's interest in that partnership up to 75%. false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure045125662022-04-05045125662023-04-05045125662022-04-062023-04-05045125662021-04-05045125662021-04-062022-04-05045125662022-04-0504512566ns16:EnglandWales2022-04-062023-04-0504512566ns15:PoundSterling2022-04-062023-04-0504512566ns11:Director12022-04-062023-04-0504512566ns11:CompanySecretary12022-04-062023-04-0504512566ns11:PrivateLimitedCompanyLtd2022-04-062023-04-0504512566ns11:SmallEntities2022-04-062023-04-0504512566ns11:AuditExempt-NoAccountantsReport2022-04-062023-04-0504512566ns11:SmallCompaniesRegimeForDirectorsReport2022-04-062023-04-0504512566ns11:SmallCompaniesRegimeForAccounts2022-04-062023-04-0504512566ns11:FullAccounts2022-04-062023-04-0504512566ns11:Director22022-04-062023-04-0504512566ns11:Director32022-04-062023-04-0504512566ns11:Director42022-04-062023-04-0504512566ns11:RegisteredOffice2022-04-062023-04-0504512566ns6:CurrentFinancialInstruments2023-04-0504512566ns6:CurrentFinancialInstruments2022-04-0504512566ns6:Non-currentFinancialInstruments2023-04-0504512566ns6:Non-currentFinancialInstruments2022-04-0504512566ns6:ShareCapital2023-04-0504512566ns6:ShareCapital2022-04-0504512566ns6:RevaluationReserve2023-04-0504512566ns6:RevaluationReserve2022-04-0504512566ns6:RetainedEarningsAccumulatedLosses2023-04-0504512566ns6:RetainedEarningsAccumulatedLosses2022-04-0504512566ns6:PlantMachinery2022-04-062023-04-0504512566ns6:OwnedAssets2022-04-062023-04-0504512566ns6:OwnedAssets2021-04-062022-04-0504512566ns6:FurnitureFittings2022-04-0504512566ns6:FurnitureFittings2022-04-062023-04-0504512566ns6:FurnitureFittings2023-04-0504512566ns6:FurnitureFittings2022-04-0504512566ns6:WithinOneYearns6:CurrentFinancialInstruments2023-04-0504512566ns6:WithinOneYearns6:CurrentFinancialInstruments2022-04-0504512566ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2023-04-0504512566ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2022-04-0504512566ns6:RevaluationReserve2022-04-05
REGISTERED NUMBER: 04512566 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 5 April 2023

for

Lincoln Oak Company Limited

Lincoln Oak Company Limited (Registered number: 04512566)






Contents of the Financial Statements
for the Year Ended 5 April 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Lincoln Oak Company Limited

Company Information
for the Year Ended 5 April 2023







DIRECTORS: J M Darbyshire
Mrs M L A Darbyshire
J A I Valkamo
J S A Darbyshire





SECRETARY: J M Darbyshire





REGISTERED OFFICE: Oak Cottage
Sudbeck Lane
Welton
Lincoln
Lincolnshire
LN2 3JF





REGISTERED NUMBER: 04512566 (England and Wales)





ACCOUNTANTS: G & R Millett T/as G M Agencies
Orchard Cottage
Old Apley
Market Rasen
Lincolnshire
LN8 5JQ

Lincoln Oak Company Limited (Registered number: 04512566)

Report of the Directors
for the Year Ended 5 April 2023

The directors present their report with the financial statements of the company for the year ended 5 April 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 6 April 2022 to the date of this report.

J M Darbyshire
Mrs M L A Darbyshire
J A I Valkamo
J S A Darbyshire

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J M Darbyshire - Secretary


22 August 2023

Lincoln Oak Company Limited (Registered number: 04512566)

Income Statement
for the Year Ended 5 April 2023

5.4.23 5.4.22
Notes £    £   

TURNOVER 62,605 57,065

Administrative expenses 36,801 33,035
25,804 24,030

Other operating income 23,430 23,196
OPERATING PROFIT 4 49,234 47,226


Interest payable and similar expenses 8,785 4,259
PROFIT BEFORE TAXATION 40,449 42,967

Tax on profit 10,075 10,039
PROFIT FOR THE FINANCIAL YEAR 30,374 32,928

Lincoln Oak Company Limited (Registered number: 04512566)

Balance Sheet
5 April 2023

5.4.23 5.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 100 102

CURRENT ASSETS
Stocks 876,000 876,000
Debtors 6 297,107 314,899
Investments 7 351,055 414,045
Cash at bank 78,010 40,856
1,602,172 1,645,800
CREDITORS
Amounts falling due within one year 8 367,464 441,468
NET CURRENT ASSETS 1,234,708 1,204,332
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,234,808

1,204,434

CREDITORS
Amounts falling due after more than one year 9 510,500 510,500
NET ASSETS 724,308 693,934

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 403,183 403,183
Retained earnings 321,025 290,651
SHAREHOLDERS' FUNDS 724,308 693,934

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2023 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.

Lincoln Oak Company Limited (Registered number: 04512566)

Balance Sheet - continued
5 April 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2023 and were signed on its behalf by:





J M Darbyshire - Director


Lincoln Oak Company Limited (Registered number: 04512566)

Notes to the Financial Statements
for the Year Ended 5 April 2023

1. STATUTORY INFORMATION

Lincoln Oak Company 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 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 4 (2022 - 4 ) .

Lincoln Oak Company Limited (Registered number: 04512566)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

4. OPERATING PROFIT

The operating profit is stated after charging:

5.4.23 5.4.22
£    £   
Depreciation - owned assets 2 34

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 6 April 2022
and 5 April 2023 12,432
DEPRECIATION
At 6 April 2022 12,330
Charge for year 2
At 5 April 2023 12,332
NET BOOK VALUE
At 5 April 2023 100
At 5 April 2022 102

6. DEBTORS
5.4.23 5.4.22
£    £   
Amounts falling due within one year:
Ripon Street loan 1,897 8,439
JEV loan 10,000 -
N&J Darbyshire loan (secured) 23,785 23,785
35,682 32,224

Amounts falling due after more than one year:
Loan to N&J Darbyshire 261,425 282,675

Aggregate amounts 297,107 314,899

7. CURRENT ASSET INVESTMENTS
5.4.23 5.4.22
£    £   
BTC other transactions 116,980 -
Investment in BTC partnership 234,075 414,045
351,055 414,045

Lincoln Oak Company Limited (Registered number: 04512566)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Trade creditors (2 ) 1
Tax 10,378 10,005
Children's loans 303,032 375,247
Directors' current accounts 52,493 54,652
Accrued expenses 1,563 1,563
367,464 441,468

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5.4.23 5.4.22
£    £   
Bank loans more 5 yrs non-inst 510,500 510,500

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 510,500 510,500

10. RESERVES
Revaluation
reserve
£   
At 6 April 2022
and 5 April 2023 403,183