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REGISTERED NUMBER: 12462590 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

LINDMEAD TRADING LIMITED

LINDMEAD TRADING LIMITED (REGISTERED NUMBER: 12462590)

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 TRADING LIMITED

COMPANY INFORMATION
for the year ended 30 April 2023







DIRECTOR: G P Gay





REGISTERED OFFICE: 30 Harbord Street
London
SW6 6PJ





REGISTERED NUMBER: 12462590 (England and Wales)





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

LINDMEAD TRADING LIMITED (REGISTERED NUMBER: 12462590)

BALANCE SHEET
30 April 2023

2023 2022
as restated
Notes £    £   
FIXED ASSETS
Investment property 4 1,521,943 1,521,943

CURRENT ASSETS
Stocks 2,524,075 2,524,075
Debtors 5 146,169 71,352
Cash at bank 86,477 100,663
2,756,721 2,696,090
CREDITORS
Amounts falling due within one year 6 (1,347,316 ) (1,234,026 )
NET CURRENT ASSETS 1,409,405 1,462,064
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,931,348

2,984,007

CREDITORS
Amounts falling due after more than one
year

7

(2,730,000

)

(2,850,000

)
NET ASSETS 201,348 134,007

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 201,248 133,907
201,348 134,007

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 21 November 2023 and were signed by:





G P Gay - Director


LINDMEAD TRADING LIMITED (REGISTERED NUMBER: 12462590)

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


1. STATUTORY INFORMATION

Lindmead Trading 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.

The presentation currency of the financial statements is Pound Sterling (£) and the figures are rounded to the nearest £1.

Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

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

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 a 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 TRADING LIMITED (REGISTERED NUMBER: 12462590)

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 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 May 2022
and 30 April 2023 1,521,943
NET BOOK VALUE
At 30 April 2023 1,521,943
At 30 April 2022 1,521,943

The director does not consider the fair value of the investment property at 30 April 2024 is materially different from the value stated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 6,779 39,737
Amounts owed by group undertakings 104,104 -
Other debtors 35,286 31,615
146,169 71,352

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts 120,000 120,000
Trade creditors 4,377 22,463
Amounts owed to group undertakings 386,091 952,844
Taxation and social security 8,682 51,550
Other creditors 828,166 87,169
1,347,316 1,234,026

LINDMEAD TRADING LIMITED (REGISTERED NUMBER: 12462590)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
as restated
£    £   
Bank loans 2,730,000 2,850,000

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
as restated
£    £   
Bank loans 2,850,000 2,970,000

Bank loans are secured by a fixed charge and a negative pledge over the investment properties of the company.