Registered number
05113015
Lingdale Associates Limited
Filleted Accounts
30 April 2023
Lingdale Associates Limited
Registered number: 05113015
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 4,130 4,858
Investments 4 342,645 342,645
346,775 347,503
Current assets
Debtors 5 499 1,116
Cash at bank and in hand 11,968 9,186
12,467 10,302
Creditors: amounts falling due within one year 6 (338,420) (345,638)
Net current liabilities (325,953) (335,336)
Net assets 20,822 12,167
Capital and reserves
Called up share capital 2 2
Profit and loss account 20,820 12,165
Shareholders' funds 20,822 12,167
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Gibbs
Director
Approved by the board on 2 November 2023
Lingdale Associates Limited
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets as follows:
Plant and machinery 15% reducing balance
Investments
Investments in unquoted equity instruments are measured at fair value.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price),
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2022 12,391
At 30 April 2023 12,391
Depreciation
At 1 May 2022 7,533
Charge for the year 728
At 30 April 2023 8,261
Net book value
At 30 April 2023 4,130
At 30 April 2022 4,858
4 Investments
Other
investments
£
Cost
At 1 May 2022 342,645
At 30 April 2023 342,645
5 Debtors 2023 2022
£ £
Other debtors 499 1,116
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,459 4,814
Taxation and social security costs 2,444 1,019
Directors loan account 334,517 339,805
338,420 345,638
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
S Gibbs
Directors loan account 169,903 (3,905) 1,260 167,258
CM Gibbs
Directors loan account 169,903 (3,904) 1,260 167,259
339,806 (7,809) 2,520 334,517
8 Controlling party
The Company is controlled by the Directors.
9 Other information
Lingdale Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:
18 Lingdale
Belmont
Durham
DH 1 2AN
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