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REGISTERED NUMBER: 11514368 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

LINDLEY RETREATS LTD

LINDLEY RETREATS LTD (REGISTERED NUMBER: 11514368)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LINDLEY RETREATS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Mrs L D Lindley
AML Lindley
Mrs J J Lindley





REGISTERED OFFICE: The Chapel
23-27 Jacob's Wells Road
Clifton
Bristol
BS8 1DS





REGISTERED NUMBER: 11514368 (England and Wales)





ACCOUNTANTS: Gordon Wood Scott & Partners Limited
Chartered Accountants
Dean House
94 Whiteladies Road
Clifton
Bristol
BS8 2QX

LINDLEY RETREATS LTD (REGISTERED NUMBER: 11514368)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 10,236 12,796
Investment property 5 1,100,000 1,100,000
1,110,236 1,112,796

CURRENT ASSETS
Debtors 6 713 693
Cash at bank 37,322 27,615
38,035 28,308
CREDITORS
Amounts falling due within one year 7 (72,731 ) (73,231 )
NET CURRENT LIABILITIES (34,696 ) (44,923 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,075,540

1,067,873

CREDITORS
Amounts falling due after more than one
year

8

(246,476

)

(255,610

)

PROVISIONS FOR LIABILITIES (30,273 ) (30,398 )
NET ASSETS 798,791 781,865

CAPITAL AND RESERVES
Called up share capital 10 600,000 600,000
Retained earnings 11 198,791 181,865
SHAREHOLDERS' FUNDS 798,791 781,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

LINDLEY RETREATS LTD (REGISTERED NUMBER: 11514368)

BALANCE SHEET - continued
31 JANUARY 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:





AML Lindley - Director


LINDLEY RETREATS LTD (REGISTERED NUMBER: 11514368)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Lindley Retreats Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures, fittings and equipment - 20% on reducing balance

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Short term debtors are measured at transaction price less any impairment.

Short term creditors are measured at transaction price.

Cash is represented by deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Other financial liabilities, including borrowings are initially measured at fair value and subsequently measured at amortised cost using the effective interest rate method, with interest expense recognised on an effective yield basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


LINDLEY RETREATS LTD (REGISTERED NUMBER: 11514368)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued
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 NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
equipment
£   
COST
At 1 February 2022
and 31 January 2023 24,665
DEPRECIATION
At 1 February 2022 11,869
Charge for year 2,560
At 31 January 2023 14,429
NET BOOK VALUE
At 31 January 2023 10,236
At 31 January 2022 12,796

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 1,100,000
NET BOOK VALUE
At 31 January 2023 1,100,000
At 31 January 2022 1,100,000

LINDLEY RETREATS LTD (REGISTERED NUMBER: 11514368)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

5. INVESTMENT PROPERTY - continued

The Investment Property has been valued by the directors at the year end at fair value.
The values shown above are analysed as follows:


Investment
property
£

Revaluation surplus 147,195
Cost 952,805
Total 1,100,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors 713 693

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors - 569
Taxation and social security 4,541 5,767
Other creditors 68,190 66,895
72,731 73,231

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Other creditors 246,476 255,610

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 208,274 217,573

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Other loans 255,228 264,442

The company has a mortgage which is secured by a fixed charge over the investment property and by a debenture over the company's assets.

LINDLEY RETREATS LTD (REGISTERED NUMBER: 11514368)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
600,000 Ordinary £1 600,000 600,000

11. RESERVES

Retained earnings include both realised and unrealised profits.

12. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £49,140 (2022: £48,678) to the directors. The loans do not bear interest and are repayable on demand.