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REGISTERED NUMBER: 01372816 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Slingsbys Lincoln Limited

Slingsbys Lincoln Limited (Registered number: 01372816)






Contents of the Financial Statements
for the year ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Slingsbys Lincoln Limited

Company Information
for the year ended 30 June 2023







DIRECTORS: Mr John Clinton Slingsby
Mrs Annabelle Sarah Magee
Mr Benjamin Slingsby



SECRETARY: Mrs Elizabeth Anne Slingsby



REGISTERED OFFICE: Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR



REGISTERED NUMBER: 01372816 (England and Wales)



ACCOUNTANTS: Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR



BANKERS: Lloyds TSB
202 High Street
Lincoln
Lincolnshire
LN5 7AP

Slingsbys Lincoln Limited (Registered number: 01372816)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 241,860 123,563
Investments 5 100 100
Investment property 6 1,341,100 1,341,100
1,583,060 1,464,763

CURRENT ASSETS
Debtors 7 4,368 60,292
Cash at bank 151,630 158,493
155,998 218,785
CREDITORS
Amounts falling due within one year 8 261,329 284,567
NET CURRENT LIABILITIES (105,331 ) (65,782 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,477,729

1,398,981

CREDITORS
Amounts falling due after more than one
year

9

(20,523

)

(20,523

)

PROVISIONS FOR LIABILITIES (5,650 ) (226 )
NET ASSETS 1,451,556 1,378,232

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 11 27,255 27,255
Retained earnings 1,424,201 1,350,877
SHAREHOLDERS' FUNDS 1,451,556 1,378,232

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

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

Slingsbys Lincoln Limited (Registered number: 01372816)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 January 2024 and were signed on its behalf by:





Mr John Clinton Slingsby - Director


Slingsbys Lincoln Limited (Registered number: 01372816)

Notes to the Financial Statements
for the year ended 30 June 2023

1. STATUTORY INFORMATION

Slingsbys Lincoln 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 as modified by the revaluation of certain assets.

Turnover
Revenue 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.
Improvements to property - Straight line over 20 years
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 3 (2022 - 3 ) .

Slingsbys Lincoln Limited (Registered number: 01372816)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 134,167 52,056 - 7,952 194,175
Additions 106,802 - 28,773 - 135,575
At 30 June 2023 240,969 52,056 28,773 7,952 329,750
DEPRECIATION
At 1 July 2022 12,659 51,325 - 6,628 70,612
Charge for year 12,048 378 4,178 674 17,278
At 30 June 2023 24,707 51,703 4,178 7,302 87,890
NET BOOK VALUE
At 30 June 2023 216,262 353 24,595 650 241,860
At 30 June 2022 121,508 731 - 1,324 123,563

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2022
and 30 June 2023 100
NET BOOK VALUE
At 30 June 2023 100
At 30 June 2022 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 1,341,100
NET BOOK VALUE
At 30 June 2023 1,341,100
At 30 June 2022 1,341,100

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2003 27,255
Cost 1,313,845
1,341,100

Slingsbys Lincoln Limited (Registered number: 01372816)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

6. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 890,345 890,345

Investment properties were valued on an open market basis on 30 June 2023 by the directors of the company. .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,344 36,102
Amounts owed by group undertakings 295 12,705
Other debtors - 9,307
Prepayments 2,729 2,178
4,368 60,292

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,487 6,810
Tax 18,596 -
Social security and other taxes 1,712 -
VAT 30,347 29,994
Other creditors 3,177 -
Vendor deposits 4,125 4,475
Directors' current accounts 197,365 239,183
Accrued expenses 2,520 4,105
261,329 284,567

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Loan 20,523 20,523

10. SECURED DEBTS



11. RESERVES
Revaluation
reserve
£   
At 1 July 2022
and 30 June 2023 27,255

12. ULTIMATE CONTROLLING PARTY

The company is controlled by Mrs E A Slingsby by holding the majority of the voting rights.