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REGISTERED NUMBER: 08166707 (England and Wales)















LINDLEY PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023






LINDLEY PROPERTIES LIMITED (REGISTERED NUMBER: 08166707)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LINDLEY PROPERTIES LIMITED

COMPANY INFORMATION
for the year ended 31 August 2023







DIRECTOR: Mrs R Shaheen





REGISTERED OFFICE: Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS





REGISTERED NUMBER: 08166707 (England and Wales)





ACCOUNTANTS: Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

LINDLEY PROPERTIES LIMITED (REGISTERED NUMBER: 08166707)

BALANCE SHEET
31 August 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 280,882 280,882

CURRENT ASSETS
Debtors 5 20,014 5,000
Cash at bank and in hand 2,949 13,820
22,963 18,820
CREDITORS
Amounts falling due within one year 6 (301,327 ) (310,413 )
NET CURRENT LIABILITIES (278,364 ) (291,593 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,518

(10,711

)

CREDITORS
Amounts falling due after more than one
year

7

(3,351

)

(5,234

)

PROVISIONS FOR LIABILITIES 8 (31,196 ) (29,449 )
NET LIABILITIES (32,029 ) (45,394 )

CAPITAL AND RESERVES
Called up share capital 1 1
Non distributable reserve 9 108,804 110,551
Retained earnings (140,834 ) (155,946 )
SHAREHOLDERS' FUNDS (32,029 ) (45,394 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

LINDLEY PROPERTIES LIMITED (REGISTERED NUMBER: 08166707)

BALANCE SHEET - continued
31 August 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 director and authorised for issue on 13 February 2024 and were signed by:





Mrs R Shaheen - Director


LINDLEY PROPERTIES LIMITED (REGISTERED NUMBER: 08166707)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2023


1. STATUTORY INFORMATION

Lindley Properties 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.

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


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
Turnover is derived from rental income, which is recognised on an accruals basis excluding value added tax.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 280,882
NET BOOK VALUE
At 31 August 2023 280,882
At 31 August 2022 280,882

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2023 280,882

LINDLEY PROPERTIES LIMITED (REGISTERED NUMBER: 08166707)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023


4. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 140,882 140,882

Investment property was valued on an open market basis on 31 August 2023 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 636 -
Other debtors 19,378 5,000
20,014 5,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,273 2,325
Taxation and social security 1,906 -
Other creditors 297,148 308,088
301,327 310,413

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 3,351 5,234

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 31,196 29,449

Deferred
tax
£   
Balance at 1 September 2022 29,449
Provided during year 1,747
Balance at 31 August 2023 31,196

LINDLEY PROPERTIES LIMITED (REGISTERED NUMBER: 08166707)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023


9. RESERVES
Non
distributable
reserve
£   
At 1 September 2022 110,551
Deferred tax adjustment (1,747 )

At 31 August 2023 108,804

10. RELATED PARTY DISCLOSURES

Loans owing to the director on an interest free basis of £290,957 (2022 - £303,488) were outstanding at the year end. The amounts are repayable on demand.

Debtors includes a £7,378 loan to Alpha Data Limited, a company owned by the director of Lindley Properties Limited. The loan is interest fee and is repayable on demand.

Debtors includes a £5,000 loan to Charnwood Property (UK) Limited, a company owned by the director of Lindley Properties Limited. The loan is interest fee and is repayable on demand.

11. GOING CONCERN

The business is dependant on the continuing support of the director.