Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28false2022-03-01No description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01877956 2022-03-01 2023-02-28 01877956 2021-03-01 2022-02-28 01877956 2023-02-28 01877956 2022-02-28 01877956 c:Director2 2022-03-01 2023-02-28 01877956 d:PlantMachinery 2022-03-01 2023-02-28 01877956 d:PlantMachinery 2023-02-28 01877956 d:PlantMachinery 2022-02-28 01877956 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 01877956 d:CurrentFinancialInstruments 2023-02-28 01877956 d:CurrentFinancialInstruments 2022-02-28 01877956 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 01877956 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 01877956 d:ShareCapital 2023-02-28 01877956 d:ShareCapital 2022-02-28 01877956 d:RetainedEarningsAccumulatedLosses 2023-02-28 01877956 d:RetainedEarningsAccumulatedLosses 2022-02-28 01877956 c:OrdinaryShareClass1 2022-03-01 2023-02-28 01877956 c:OrdinaryShareClass1 2023-02-28 01877956 c:FRS102 2022-03-01 2023-02-28 01877956 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 01877956 c:FullAccounts 2022-03-01 2023-02-28 01877956 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure



Company Registration No. 01877956 (England and Wales)







LYNBETT PROPERTIES LIMITED

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 28 FEBRUARY 2023




































Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE

 
LYNBETT PROPERTIES LIMITED
REGISTERED NUMBER:01877956

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
201
236

  
201
236

Current assets
  

Stocks
  
1,294,853
1,274,916

Debtors: amounts falling due within one year
 5 
770
3,359

Cash at bank and in hand
  
43,966
447,768

  
1,339,589
1,726,043

Creditors: amounts falling due within one year
 6 
(32,586)
(125,933)

Net current assets
  
 
 
1,307,003
 
 
1,600,110

Total assets less current liabilities
  
1,307,204
1,600,346

  

Net assets
  
1,307,204
1,600,346


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
1,307,104
1,600,246

  
1,307,204
1,600,346


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 October 2023.

___________________________
Raymond Barrow
Director
Page 1

 
LYNBETT PROPERTIES LIMITED
REGISTERED NUMBER:01877956
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023


The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
LYNBETT PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Lynbett Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 59 Cannonbury Avenue, Pinner, Middlesex, HA5 1TP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

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

 
2.2

Going concern

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.

 
2.3

Turnover

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. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 
2.4

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 charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
LYNBETT PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 March 2022
5,329



At 28 February 2023

5,329



Depreciation


At 1 March 2022
5,093


Charge for the year on owned assets
35



At 28 February 2023

5,128



Net book value



At 28 February 2023
201



At 28 February 2022
236


5.


Debtors

2023
2022
£
£


Other debtors
770
3,359


Page 4

 
LYNBETT PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
15,695
107,911

Other taxation and social security
667
-

Other creditors
4,224
4,922

Accruals and deferred income
12,000
13,100

32,586
125,933



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100


8.


Profit and loss reserves

2023
2022
£
£



Profit and loss account brought forward at the beginning of the year
1,600,246
1,390,265

Dividends paid in the year
(360,000)
(250,000)

Other movement in the profit and loss account
66,858
459,981

1,307,104
1,600,246


9.


Controlling party

Baker family and Barrow family are jointly owns the majority of the issued share capital and therefore, they are the ultimate controllers of the company.

 
Page 5