Company registration number 06251746 (England and Wales)
LINT ESTATE MANAGEMENT LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
PAGES FOR FILING WITH REGISTRAR
LINT ESTATE MANAGEMENT LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
LINT ESTATE MANAGEMENT LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2022
30 September 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
511
638
Current assets
Debtors
4
20,561
32,700
Cash at bank and in hand
172,368
87,039
192,929
119,739
Creditors: amounts falling due within one year
5
(181,076)
(74,907)
Net current assets
11,853
44,832
Total assets less current liabilities
12,364
45,470
Creditors: amounts falling due after more than one year
6
(26,667)
(37,271)
Net (liabilities)/assets
(14,303)
8,199
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(14,403)
8,099
Total equity
(14,303)
8,199

These financial statements have been prepared and delivered 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 6 October 2023 and are signed on its behalf by:
Mr T Chand
Director
Company registration number 06251746 (England and Wales)
LINT ESTATE MANAGEMENT LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2022
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 June 2020
100
761
861
Period ended 30 September 2021:
Profit and total comprehensive income
-
49,643
49,643
Dividends
-
(42,305)
(42,305)
Balance at 30 September 2021
100
8,099
8,199
Year ended 30 September 2022:
Loss and total comprehensive income
-
(22,502)
(22,502)
Balance at 30 September 2022
100
(14,403)
(14,303)
LINT ESTATE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
- 3 -
1
Accounting policies
Company information

Lint Estate Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is Gabrielle House, 332-336 Perth Road, Ilford, Essex, IG2 6FF.

1.1
Reporting period

The company had extended the previous accounting year to the period ended 30 September 2021 to align with the group accounting reference date. Therefore the comparatives presented in the financial statements including the related notes are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

 

The financial statements of the company are consolidated in the financial statements of Lint Group Limited. These consolidated financial statements are available from its registered office, Gabrielle House, 332-336 Perth Road, Ilford, United Kingdom, IG2 6FF.

1.3
Going concern

Ontrue 30 September 2022, the company has incurred losses of £22,503.The current assets were £192,930 and exceeded the current liabilities by £11,853 (2021: £44,832). The financial statements have been prepared on a going concern basis, the validity of which depends upon the financial support from the directors and a fellow subsidiary company. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements

1.4
Turnover

Turnover represents management fees and is recognised in the profit and loss account in the period it relates to.

 

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

 

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

LINT ESTATE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2022
1
Accounting policies
(Continued)
- 4 -
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.9
Government grants

Government grants represents income received in the form of Job Retention Scheme (JRS) money received from the Government during the COVID-19 pandemic. The Government Grant also represents the first year of interest for the company on the Coronavirus Bounce Back Loan (BBL) it received during the year.

 

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.10

Other Operating Income

Other operating income represents management charge receivable from group companies and net of costs of concierge admin charges earned.

LINT ESTATE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2022
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
2021
Number
Number
Total
14
7
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2021 and 30 September 2022
1,042
Depreciation and impairment
At 1 October 2021
404
Depreciation charged in the year
127
At 30 September 2022
531
Carrying amount
At 30 September 2022
511
At 30 September 2021
638
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
1,492
13,878
Corporation tax recoverable
2,322
2,322
Amounts owed by group undertakings
16,500
16,500
Other debtors
247
-
0
20,561
32,700
LINT ESTATE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2022
- 6 -
5
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans
10,000
9,586
Trade creditors
24,270
12,402
Amounts owed to group undertakings
15,098
-
0
Taxation and social security
55,243
42,950
Other creditors
76,465
9,969
181,076
74,907
6
Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
26,667
37,271
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Ghulam Alahi
Statutory Auditor:
Vision Consulting Accountants Limited
2022-09-302021-10-01false06 October 2023CCH SoftwareCCH Accounts Production 2023.200No description of principal activityThis audit opinion is unqualifiedMr T ChandMr R Patel OBE062517462021-10-012022-09-30062517462022-09-30062517462021-09-3006251746core:OtherPropertyPlantEquipment2022-09-3006251746core:OtherPropertyPlantEquipment2021-09-3006251746core:CurrentFinancialInstrumentscore:WithinOneYear2022-09-3006251746core:CurrentFinancialInstrumentscore:WithinOneYear2021-09-3006251746core:Non-currentFinancialInstrumentscore:AfterOneYear2022-09-3006251746core:Non-currentFinancialInstrumentscore:AfterOneYear2021-09-3006251746core:CurrentFinancialInstruments2022-09-3006251746core:CurrentFinancialInstruments2021-09-3006251746core:ShareCapital2022-09-3006251746core:ShareCapital2021-09-3006251746core:RetainedEarningsAccumulatedLosses2022-09-3006251746core:RetainedEarningsAccumulatedLosses2021-09-3006251746core:ShareCapital2020-05-3106251746core:RetainedEarningsAccumulatedLosses2020-05-3106251746bus:Director12021-10-012022-09-3006251746core:RetainedEarningsAccumulatedLosses2020-06-012021-09-30062517462020-06-012021-09-3006251746core:RetainedEarningsAccumulatedLosses2021-10-012022-09-3006251746core:ComputerEquipment2021-10-012022-09-3006251746core:OtherPropertyPlantEquipment2021-09-3006251746core:OtherPropertyPlantEquipment2021-10-012022-09-3006251746core:WithinOneYear2022-09-3006251746core:WithinOneYear2021-09-3006251746core:Non-currentFinancialInstruments2022-09-3006251746core:Non-currentFinancialInstruments2021-09-3006251746bus:PrivateLimitedCompanyLtd2021-10-012022-09-3006251746bus:SmallCompaniesRegimeForAccounts2021-10-012022-09-3006251746bus:FRS1022021-10-012022-09-3006251746bus:Audited2021-10-012022-09-3006251746bus:Director22021-10-012022-09-3006251746bus:FullAccounts2021-10-012022-09-30xbrli:purexbrli:sharesiso4217:GBP