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REGISTERED NUMBER: 01321701 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

LINDMEAD LIMITED

LINDMEAD LIMITED (REGISTERED NUMBER: 01321701)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LINDMEAD LIMITED

COMPANY INFORMATION
for the year ended 30 April 2023







DIRECTOR: G P Gay





REGISTERED OFFICE: 30 Harbord Street
London
SW6 6PJ





REGISTERED NUMBER: 01321701 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Magma House
16 Davy Court
Castle Mound Way
Rugby
CV23 0UZ

LINDMEAD LIMITED (REGISTERED NUMBER: 01321701)

BALANCE SHEET
30 April 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 59,624 1,414,043
Cash at bank 6,199 16,645
65,823 1,430,688
CREDITORS
Amounts falling due within one year 5 (122,117 ) (731,704 )
NET CURRENT (LIABILITIES)/ASSETS (56,294 ) 698,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

(56,294

)

698,984

CAPITAL AND RESERVES
Called up share capital 80 80
Capital redemption reserve 20 20
Retained earnings (56,394 ) 698,884
SHAREHOLDERS' FUNDS (56,294 ) 698,984

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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 November 2023 and were signed by:





G P Gay - Director


LINDMEAD LIMITED (REGISTERED NUMBER: 01321701)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2023


1. STATUTORY INFORMATION

Lindmead Limited is a private company limited by share capital, registered in England and Wales. Its registered office address is 30 Harbord Street, London, SW6 6PJ and the registered number is 01321701.

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.

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

Going concern
The Coronavirus pandemic has had a significant impact on the cash flow position of the company. The company is only a going concern with the continued support of the company's parent company and creditors.

Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents sales of properties, rents and share of profits on property dealing in the normal course of business and has been derived from the principal activity of the company.

Investment property
Investment property comprises freehold buildings. They are measured initially at cost, including related
transaction costs. These are held as investments to earn rental income and for capital appreciation and are
stated at fair value at the Balance Sheet date.

Subsequent expenditure is added to the assets carrying amount only when it is probable that future economic benefits associated with the item will flow to the company and the cost of the item can be measured reliably. All other repairs and maintenance costs are charged to the profit and loss account during the financial period in which they are incurred.

Any movement in the fair value of the properties is reflected within the profit and loss account for the year.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes as financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.



LINDMEAD LIMITED (REGISTERED NUMBER: 01321701)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2023


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,398 9,816
Other debtors 58,226 1,404,227
59,624 1,414,043

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 660,168
Taxation and social security 3,965 6,677
Other creditors 118,152 64,859
122,117 731,704

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 59,000 59,000
Between one and five years 236,000 236,000
In more than five years 2,433,750 2,492,750
2,728,750 2,787,750

7. RELATED PARTY DISCLOSURES

At the year end the company was owed £53,309 (2022: £1,383,988) from companies with common directorships.

At the year end the company owes £108,329 (2022: £663,478) to companies with common directorships.