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REGISTERED NUMBER: 02215410 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2023

FOR

SOUTH LYNCH ESTATE LIMITED

SOUTH LYNCH ESTATE LIMITED (REGISTERED NUMBER: 02215410)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOUTH LYNCH ESTATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2023







DIRECTORS: D A Rees
Mrs M Rees
G R D Rees



SECRETARY: Mrs M Rees



REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ



REGISTERED NUMBER: 02215410 (England and Wales)



ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ



BANKERS: Barclays Bank plc
PO Box 612
Ocean Way
Ocean Village
Southampton
Hampshire
SO14 2ZP

SOUTH LYNCH ESTATE LIMITED (REGISTERED NUMBER: 02215410)

BALANCE SHEET
30TH APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,900,862 7,138,557
Investments 5 1,118 1,118
8,901,980 7,139,675

CURRENT ASSETS
Stocks 762,010 757,895
Debtors 6 873,033 946,041
Investments 7 351,351 351,351
Cash at bank 1,821,678 2,629,594
3,808,072 4,684,881
CREDITORS
Amounts falling due within one year 8 1,399,608 1,642,306
NET CURRENT ASSETS 2,408,464 3,042,575
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,310,444

10,182,250

CREDITORS
Amounts falling due after more than one
year

9

(24,162

)

(85,677

)

PROVISIONS FOR LIABILITIES (327,346 ) (194,511 )
NET ASSETS 10,958,936 9,902,062

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 10,958,636 9,901,762
SHAREHOLDERS' FUNDS 10,958,936 9,902,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

SOUTH LYNCH ESTATE LIMITED (REGISTERED NUMBER: 02215410)

BALANCE SHEET - continued
30TH APRIL 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 23rd October 2023 and were signed on its behalf by:





D A Rees - Director


SOUTH LYNCH ESTATE LIMITED (REGISTERED NUMBER: 02215410)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023


1. STATUTORY INFORMATION

South Lynch Estate Limited 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

SOUTH LYNCH ESTATE LIMITED (REGISTERED NUMBER: 02215410)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st May 2022 3,100,278 7,192,685 10,292,963
Additions 781,228 1,391,538 2,172,766
Disposals - (167,603 ) (167,603 )
At 30th April 2023 3,881,506 8,416,620 12,298,126
DEPRECIATION
At 1st May 2022 - 3,154,406 3,154,406
Charge for year - 336,764 336,764
Eliminated on disposal - (93,906 ) (93,906 )
At 30th April 2023 - 3,397,264 3,397,264
NET BOOK VALUE
At 30th April 2023 3,881,506 5,019,356 8,900,862
At 30th April 2022 3,100,278 4,038,279 7,138,557

SOUTH LYNCH ESTATE LIMITED (REGISTERED NUMBER: 02215410)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st May 2022 1,079,725
Additions 57,250
Disposals (74,863 )
At 30th April 2023 1,062,112
DEPRECIATION
At 1st May 2022 430,194
Charge for year 84,751
Eliminated on disposal (34,777 )
At 30th April 2023 480,168
NET BOOK VALUE
At 30th April 2023 581,944
At 30th April 2022 649,531

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st May 2022
and 30th April 2023 1,118
NET BOOK VALUE
At 30th April 2023 1,118
At 30th April 2022 1,118

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 307,222 482,322
Other debtors 565,811 463,719
873,033 946,041

SOUTH LYNCH ESTATE LIMITED (REGISTERED NUMBER: 02215410)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023


7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 351,351 351,351

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 59,638 222,658
Hire purchase contracts 66,996 131,091
Trade creditors 250,688 362,070
Taxation and social security 201,502 150,787
Other creditors 820,784 775,700
1,399,608 1,642,306

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 24,162 85,677