Silverfin false 31/01/2023 01/02/2022 31/01/2023 Mr D S Lidstone 25/10/2012 Mr J M Lidstone 25/10/2012 Mr J R Lidstone 24 October 2023 The principal activity of the company in the year was that of a holding company. 08268979 2023-01-31 08268979 bus:Director1 2023-01-31 08268979 bus:Director2 2023-01-31 08268979 2022-01-31 08268979 core:CurrentFinancialInstruments 2023-01-31 08268979 core:CurrentFinancialInstruments 2022-01-31 08268979 core:ShareCapital 2023-01-31 08268979 core:ShareCapital 2022-01-31 08268979 core:SharePremium 2023-01-31 08268979 core:SharePremium 2022-01-31 08268979 core:RetainedEarningsAccumulatedLosses 2023-01-31 08268979 core:RetainedEarningsAccumulatedLosses 2022-01-31 08268979 core:InvestmentPropertyIncludedWithinPPE 2022-01-31 08268979 core:InvestmentPropertyIncludedWithinPPE 2023-01-31 08268979 core:CostValuation 2022-01-31 08268979 core:CostValuation 2023-01-31 08268979 bus:OrdinaryShareClass1 2023-01-31 08268979 2022-02-01 2023-01-31 08268979 bus:FullAccounts 2022-02-01 2023-01-31 08268979 bus:SmallEntities 2022-02-01 2023-01-31 08268979 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 08268979 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 08268979 bus:Director1 2022-02-01 2023-01-31 08268979 bus:Director2 2022-02-01 2023-01-31 08268979 bus:Director3 2022-02-01 2023-01-31 08268979 2021-02-01 2022-01-31 08268979 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 08268979 bus:OrdinaryShareClass1 2021-02-01 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08268979 (England and Wales)

LIDSTONE (HOLDINGS) LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2023
Pages for filing with the registrar

LIDSTONE (HOLDINGS) LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2023

Contents

LIDSTONE (HOLDINGS) LIMITED

BALANCE SHEET

As at 31 January 2023
LIDSTONE (HOLDINGS) LIMITED

BALANCE SHEET (continued)

As at 31 January 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 120,000 120,000
Investments 4 1,050,743 1,050,743
1,170,743 1,170,743
Current assets
Debtors 5 2,316,168 966,793
Cash at bank and in hand 2,259 2,259
2,318,427 969,052
Creditors: amounts falling due within one year 6 ( 1,130) ( 1,130)
Net current assets 2,317,297 967,922
Total assets less current liabilities 3,488,040 2,138,665
Net assets 3,488,040 2,138,665
Capital and reserves
Called-up share capital 7 4,510 4,510
Share premium account 1,975,757 1,975,757
Profit and loss account 1,507,773 158,398
Total shareholders' funds 3,488,040 2,138,665

For the financial year ending 31 January 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Lidstone (Holdings) Limited (registered number: 08268979) were approved and authorised for issue by the Board of Directors on 24 October 2023. They were signed on its behalf by:

Mr D S Lidstone
Director
LIDSTONE (HOLDINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
LIDSTONE (HOLDINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lidstone (Holdings) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Crozier Road, Mutley, Plymouth, PL4 7LN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Investment property not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Investment property Total
£ £
Cost
At 01 February 2022 120,000 120,000
At 31 January 2023 120,000 120,000
Accumulated depreciation
At 01 February 2022 0 0
At 31 January 2023 0 0
Net book value
At 31 January 2023 120,000 120,000
At 31 January 2022 120,000 120,000

4. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 February 2022 1,050,743
At 31 January 2023 1,050,743
Carrying value at 31 January 2023 1,050,743
Carrying value at 31 January 2022 1,050,743

5. Debtors

2023 2022
£ £
Other debtors 2,316,168 966,793

6. Creditors: amounts falling due within one year

2023 2022
£ £
Accruals 625 625
Other creditors 505 505
1,130 1,130

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
4,510 Ordinary shares of £ 1.00 each 4,510 4,510