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REGISTERED NUMBER: 08634856 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

LINDLEY VENTURES LTD

LINDLEY VENTURES LTD (REGISTERED NUMBER: 08634856)






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 VENTURES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: AML Lindley





REGISTERED OFFICE: 73 Springfield Road
Bristol
BS6 5SW





REGISTERED NUMBER: 08634856 (England and Wales)





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

LINDLEY VENTURES LTD (REGISTERED NUMBER: 08634856)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £   
FIXED ASSETS
Investments 4 100 100
Investment property 5 1 1
101 101

CURRENT ASSETS
Stocks 172,820 171,668
Debtors 6 286,414 284,101
Cash at bank 3,396 2,293
462,630 458,062
CREDITORS
Amounts falling due within one year 7 (453,865 ) (431,821 )
NET CURRENT ASSETS 8,765 26,241
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,866

26,342

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 8,864 26,340
SHAREHOLDERS' FUNDS 8,866 26,342

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 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.

LINDLEY VENTURES LTD (REGISTERED NUMBER: 08634856)

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 director and authorised for issue on 26 October 2023 and were signed by:





AML Lindley - Director


LINDLEY VENTURES LTD (REGISTERED NUMBER: 08634856)

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

1. STATUTORY INFORMATION

Lindley Ventures 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.

Preparation of consolidated financial statements
The financial statements contain information about Lindley Ventures Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.


LINDLEY VENTURES LTD (REGISTERED NUMBER: 08634856)

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

2. ACCOUNTING POLICIES - continued
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.

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. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2022
and 31 January 2023 100
NET BOOK VALUE
At 31 January 2023 100
At 31 January 2022 100

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

The director has valued the property at the balance sheet date at fair value which is also represents the historic cost. There is no revaluation surplus.

LINDLEY VENTURES LTD (REGISTERED NUMBER: 08634856)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Amounts owed by group undertakings 278,584 280,584
Other debtors 6,461 1,969
VAT - 301
Prepayments and accrued income 1,369 1,247
286,414 284,101

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other loans 108,736 91,716
Tax 6,222 6,222
VAT 56 -
Other creditors 8,983 5,983
Directors' current accounts 327,075 325,005
Accruals and deferred income 2,793 2,895
453,865 431,821

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Other loans 108,736 91,716

The loan is secured by means of a fixed charge over one of the company's properties, a debenture over the company's assets and by a personal guarantee given by the Director.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
190 A Ordinary £0.01 2 2
10 B Ordinary £0.01 - -
2 2

10. CONTINGENT LIABILITIES

The company has guaranteed a loan taken out by its subsidiary, Lindley Investments Ltd, and provided a debenture over the company's assets to the lender, the amount owed to the lender by Lindley Investments Ltd at the balance sheet date was £319,750.

LINDLEY VENTURES LTD (REGISTERED NUMBER: 08634856)

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

11. RELATED PARTY DISCLOSURES

At the year end the company owed £327,075 (2022: £325,005) due to its director and £6,000 (2022: £4,000) to an individual holding a participating interest in the company. The loans were repayable on demand and no interest was charged during the year.

The company was owed £278,584 (2022: £280,584) by a company in which the Lindley Ventures Ltd has a participating interest. The loan was repayable on demand and no interest was charged during the year.