Company registration number:
13231045
Lincolnshire Land Company Limited
Trading as
Lincolnshire Land Company Limited
Unaudited filleted financial statements
28 February 2023
Lincolnshire Land Company Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Lincolnshire Land Company Limited
Directors and other information
|
|
|
|
Directors |
Mr Mark Jonathan Bates |
|
|
Mr Jamie Stephen Aspland |
|
|
|
|
|
|
|
Company number |
13231045 |
|
|
|
|
|
|
|
Registered office |
58 London Road |
|
|
Sleaford |
|
|
Lincolnshire |
|
|
NG34 7LH |
|
|
|
|
|
|
|
Business address |
58 London Road |
|
|
Sleaford |
|
|
Lincolnshire |
|
|
NG34 7LH |
|
|
|
|
|
|
|
Accountant |
Bush & Co |
|
|
95 Boston Road |
|
|
Sleaford |
|
|
Lincolnshire |
|
|
NG34 7HP |
|
|
|
Lincolnshire Land Company Limited
Statement of financial position
28 February 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
4 |
10,717 |
|
|
|
10,717 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
10,717 |
|
|
|
10,717 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors: |
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year |
5 |
10 |
|
|
|
10 |
|
|
Cash at bank and in hand |
|
|
2,938 |
|
|
|
- |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
2,948 |
|
|
|
10 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
6 |
(
8,295) |
|
|
|
(
11,192) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current liabilities |
|
|
|
|
(
5,347) |
|
|
|
(
11,182) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
5,370 |
|
|
|
(
465) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets/(liabilities) |
|
|
|
|
5,370 |
|
|
|
(
465) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
10 |
|
|
|
10 |
Profit and loss account |
|
|
|
|
5,360 |
|
|
|
(
475) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds/(deficit) |
|
|
|
|
5,370 |
|
|
|
(
465) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
26 October 2023
, and are signed on behalf of the board by:
Mr Mark Jonathan Bates
Director
Company registration number:
13231045
Lincolnshire Land Company Limited
Statement of changes in equity
Year ended 28 February 2023
|
|
Called up share capital |
|
Profit and loss account |
Total |
|
|
|
|
|
|
|
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 March 2021 |
|
- |
|
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit/(loss) for the year |
|
|
|
(
475) |
(
475) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total comprehensive income for the year |
|
- |
|
(
475) |
(
475) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issue of shares |
|
10 |
|
|
10 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total investments by and distributions to owners |
|
10 |
|
- |
10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
At 28 February 2022 and 1 March 2022 |
|
10 |
|
(
475) |
(
465) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit/(loss) for the year |
|
|
|
5,835 |
5,835 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total comprehensive income for the year |
|
- |
|
5,835 |
5,835 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
At 28 February 2023 |
|
10 |
|
5,360 |
5,370 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lincolnshire Land Company Limited
Notes to the financial statements
Year ended 28 February 2023
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 58 London Road, Sleaford, Lincolnshire, NG34 7LH.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland.The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and investment properties measured at fair value through profit or loss.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Financial instruments
The company only holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets-trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classifies as a basic financial instrument and is measured at amortised cost. Financial liabilities-trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
4.
Tangible assets
|
|
Freehold property |
Total |
|
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 March 2022 and 28 February 2023 |
10,717 |
10,717 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 March 2022 and 28 February 2023 |
- |
- |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 28 February 2023 |
10,717 |
10,717 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
At 28 February 2022 |
10,717 |
10,717 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.
Debtors
Debtors falling due within one year are as follows:
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Other debtors |
|
10 |
10 |
|
|
|
_______ |
_______ |
|
|
|
|
|
6.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
6,550 |
10,717 |
|
Corporation tax |
|
1,260 |
- |
|
Other creditors |
|
485 |
475 |
|
|
|
_______ |
_______ |
|
|
|
8,295 |
11,192 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Controlling party
The directors
Mark Bates and Jamie Aspland
controlled one hundred percent of the company by virtue of their ordinary share holding.