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REGISTERED NUMBER: 10626560 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2022

for

Lynch Family Holdings Ltd

Lynch Family Holdings Ltd (Registered number: 10626560)






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


Lynch Family Holdings Ltd

Company Information
for the Year Ended 31st March 2022







DIRECTOR: D P Lynch





REGISTERED OFFICE: 22 Roman Way
St Margarets at Cliffe
Dover
Kent
CT15 6AH





REGISTERED NUMBER: 10626560 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Lynch Family Holdings Ltd (Registered number: 10626560)

Balance Sheet
31st March 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 3 - 275,000
Investment property 4 350,000 -
350,000 275,000

CURRENT ASSETS
Debtors 5 43,343 30,381
Cash at bank 1,297 5,167
44,640 35,548
CREDITORS
Amounts falling due within one year 6 (137,735 ) (124,462 )
NET CURRENT LIABILITIES (93,095 ) (88,914 )
TOTAL ASSETS LESS CURRENT LIABILITIES 256,905 186,086

CREDITORS
Amounts falling due after more than one year 7 (168,570 ) (162,869 )

PROVISIONS FOR LIABILITIES (20,923 ) -
NET ASSETS 67,412 23,217

CAPITAL AND RESERVES
Called up share capital 102 102
Revaluation reserve 9 95,209 -
Retained earnings (27,899 ) 23,115
67,412 23,217

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 director acknowledges his 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.

Lynch Family Holdings Ltd (Registered number: 10626560)

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 director and authorised for issue on 16th October 2023 and were signed by:





D P Lynch - Director


Lynch Family Holdings Ltd (Registered number: 10626560)

Notes to the Financial Statements
for the Year Ended 31st March 2022

1. 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 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.

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.

2. EMPLOYEES AND DIRECTORS

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

Lynch Family Holdings Ltd (Registered number: 10626560)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2022

3. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1st April 2021
and 31st March 2022 275,000
DEPRECIATION
Reclassification/transfer 275,000
At 31st March 2022 275,000
NET BOOK VALUE
At 31st March 2022 -
At 31st March 2021 275,000

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Revaluations 75,000
Reclassification/transfer 275,000
At 31st March 2022 350,000
NET BOOK VALUE
At 31st March 2022 350,000

Fair value at 31st March 2022 is represented by:
£   
Valuation in 2020 35,122
Valuation in 2022 75,000
Cost 239,878
350,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 42,463 30,381
Tax 880 -
43,343 30,381

Lynch Family Holdings Ltd (Registered number: 10626560)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 1,800 -
Tax 880 880
Other creditors - 80,403
Directors' current accounts 135,055 43,179
137,735 124,462

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans - 2-5 years 5,700 -
Mortgages 162,870 162,869
168,570 162,869

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Mortgages 162,870 162,869

9. RESERVES
Revaluation
reserve
£   
Transfer to non-distributable 95,209

At 31st March 2022 95,209