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REGISTERED NUMBER: 07601801 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Lindon Gallery Limited

Lindon Gallery Limited (Registered number: 07601801)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lindon Gallery Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: J Lindon





SECRETARY: J Lindon





REGISTERED OFFICE: Finsgate
5-7 Cranwood Street
London
EC1V 9EE





REGISTERED NUMBER: 07601801 (England and Wales)





ACCOUNTANTS: .

Lindon Gallery Limited (Registered number: 07601801)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,979 50,456
Investments 5 114,691 71,812
162,670 122,268

CURRENT ASSETS
Stocks 2,558,403 2,316,491
Debtors 6 2,771,527 440,832
Prepayments and accrued income 17,603 10,833
Cash at bank 485,508 1,364,394
5,833,041 4,132,550
CREDITORS
Amounts falling due within one year 7 3,057,455 1,062,604
NET CURRENT ASSETS 2,775,586 3,069,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,938,256

3,192,214

CREDITORS
Amounts falling due after more than
one year

8

23,217

32,616
NET ASSETS 2,915,039 3,159,598

Lindon Gallery Limited (Registered number: 07601801)

Balance Sheet - continued
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 801 801
Retained earnings 2,914,238 3,158,797
2,915,039 3,159,598

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 March 2024 and were signed by:





J Lindon - Director


Lindon Gallery Limited (Registered number: 07601801)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Lindon Gallery 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.

Turnover
Turnover 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.

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

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.

Lindon Gallery Limited (Registered number: 07601801)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

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 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022 2,510 168,275 170,785
Additions - 8,934 8,934
At 30 April 2023 2,510 177,209 179,719
DEPRECIATION
At 1 May 2022 - 120,329 120,329
Charge for year - 11,411 11,411
At 30 April 2023 - 131,740 131,740
NET BOOK VALUE
At 30 April 2023 2,510 45,469 47,979
At 30 April 2022 2,510 47,946 50,456

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2022 71,812
Additions 42,879
At 30 April 2023 114,691
NET BOOK VALUE
At 30 April 2023 114,691
At 30 April 2022 71,812

Lindon Gallery Limited (Registered number: 07601801)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 2,638,914 408,534
Other debtors 132,613 32,298
2,771,527 440,832

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 2,892,483 757,610
Taxation and social security 33,816 230,032
Other creditors 120,508 64,314
3,057,455 1,062,604

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 23,217 32,616