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REGISTERED NUMBER: 11494034 (England and Wales)















Financial Statements for the Year Ended 31 May 2023

for

Linden House Holdings Limited

Linden House Holdings Limited (Registered number: 11494034)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Linden House Holdings Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Miss C L Lee





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 11494034 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Linden House Holdings Limited (Registered number: 11494034)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 318,984 318,984
Investment property 5 459,167 459,167
778,151 778,151

CURRENT ASSETS
Debtors 6 73,551 28,807
Cash at bank 7,323 1,894
80,874 30,701
CREDITORS
Amounts falling due within one year 7 489,364 355,936
NET CURRENT LIABILITIES (408,490 ) (325,235 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

369,661

452,916

CREDITORS
Amounts falling due after more than one
year

8

225,914

275,324
NET ASSETS 143,747 177,592

CAPITAL AND RESERVES
Called up share capital 300 300
Share premium 134,056 134,056
Retained earnings 9,391 43,236
143,747 177,592

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Linden House Holdings Limited (Registered number: 11494034)

Balance Sheet - continued
31 May 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 8 February 2024 and were signed by:





Miss C L Lee - Director


Linden House Holdings Limited (Registered number: 11494034)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Linden House Holdings 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.

The financial statements for the period ended 31st May 2022 represent an accounting period of 9 months and as a result the comparative amounts presented in the financial statements are not entirely comparable. The year end has been shortened to bring the accounting period into line with that of other company's within the group.

Despite the net current liabilities position at the year end the financial statements have been prepared on a going concern basis as the company has the continued support of its directors and its subsidiary undertakings.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any impairment.

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.

Financial instruments
Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and 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.


Linden House Holdings Limited (Registered number: 11494034)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2022
and 31 May 2023 318,984
NET BOOK VALUE
At 31 May 2023 318,984
At 31 May 2022 318,984

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 459,167
NET BOOK VALUE
At 31 May 2023 459,167
At 31 May 2022 459,167

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Amounts owed by group undertakings 9,208 5,059
Other debtors 64,343 23,748
73,551 28,807

Linden House Holdings Limited (Registered number: 11494034)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 44,513 42,494
Amounts owed to group undertakings 270,183 229,455
Taxation and social security 290 290
Other creditors 174,378 83,697
489,364 355,936

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 225,914 275,324

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans due after 5 years 200,000 200,000

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Bank loans 270,427 317,818

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Miss C Lee, a director, operates a current account with the company to which transactions of a private nature are charged. Included in other debtors as at 31st May 2023 is £62,403 (2022 £21,806) owing from Miss C Lee. Interest was charged on this balance at a rate of 2%.

11. RELATED PARTY DISCLOSURES

Miss C Lee is also a director of Canal House Day Nursery Limited. Included in other creditors as at 31st May 2023 is £174,378 (2022 £83,695) owing to Canal House Day Nursery Limited.

Both Miss C Lee and Mrs H P M Wilson are both directors directors Linden House Day Nursery Limited, Mere House Day Nursery Limited and Patterdale Lodge Day Nursery Limited.

Included in creditors as at 31st May 2023 is £238,479 (2022 £206,455) owing to Linden House Day Nursery Limited.

Included in debtors as at 31st May 2023 is £9,208 (2022 £5,059) owing from Mere House Day Nursery Limited.

Included in creditors as at 31st May 2023 is £31,704 (2022 £23,000) owing to Patterdale Lodge Day Nursery Limited.

These loans are interest free and repayable on demand.