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Registration number: 03639535

LINDENGLADE LIMITED

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2022

 

LINDENGLADE LIMITED

Contents

Company Information

1

Director's Report

2

Profit and Loss Account

3

Statement of Comprehensive Income

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 10

 

LINDENGLADE LIMITED

Company Information

Director

Ms Andreea Ecaterina Mocanu

Company secretary

Woodford Services Limited

Registered office

3 The Shrubberies
George Lane
London
E18 1BD

Accountants

ACCOUNTING 2 TREND LTD
3 The Shrubberies
George Lane
London
E18 1BD

 

LINDENGLADE LIMITED

Director's Report for the Year Ended 31 December 2022

The director presents her report and the financial statements for the year ended 31 December 2022.

Director of the company

The director who held office during the year was as follows:

Ms Andreea Ecaterina Mocanu

Principal activity

The principal activity of the company is that of an investment holding company.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 22 December 2023
 

.........................................
Ms Andreea Ecaterina Mocanu
Director

 

LINDENGLADE LIMITED

Profit and Loss Account for the Year Ended 31 December 2022

Note

2022
£

2021
£

Turnover

 

-

-

Gross profit/(loss)

 

-

-

Administrative expenses

 

-

(16,202)

Operating loss

 

-

(16,202)

Interest payable and similar expenses

 

(1,711)

(1,754)

Loss before tax

(1,711)

(17,956)

Loss for the financial year

 

(1,711)

(17,956)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

LINDENGLADE LIMITED

Statement of Comprehensive Income for the Year Ended 31 December 2022

2022
£

2021
£

Loss for the year

(1,711)

(17,956)

Total comprehensive income for the year

(1,711)

(17,956)

 

LINDENGLADE LIMITED

(Registration number: 03639535)
Balance Sheet as at 31 December 2022

Note

2022
£

2021
£

Fixed assets

 

Investments

4

541,265

541,265

Current assets

 

Debtors

5

89,839

89,839

Cash at bank and in hand

 

1,207

1,028

 

91,046

90,867

Creditors: Amounts falling due within one year

6

(1,861,861)

(1,859,971)

Net current liabilities

 

(1,770,815)

(1,769,104)

Net liabilities

 

(1,229,550)

(1,227,839)

Capital and reserves

 

Called up share capital

7

1,000

1,000

Retained earnings

(1,230,550)

(1,228,839)

Shareholders' deficit

 

(1,229,550)

(1,227,839)

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 22 December 2023
 

.........................................
Ms Andreea Ecaterina Mocanu
Director

 

LINDENGLADE LIMITED

Statement of Changes in Equity for the Year Ended 31 December 2022

Share capital
£

Profit and loss account
£

Total
£

At 1 January 2022

1,000

(1,228,839)

(1,227,839)

Loss for the year

-

(1,711)

(1,711)

Total comprehensive income

-

(1,711)

(1,711)

At 31 December 2022

1,000

(1,230,550)

(1,229,550)

Share capital
£

Retained earnings
£

Total
£

At 1 January 2021

1,000

(1,210,883)

(1,209,883)

Loss for the year

-

(17,956)

(17,956)

At 31 December 2021

1,000

(1,228,839)

(1,227,839)

 

LINDENGLADE LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
3 The Shrubberies
George Lane
London
E18 1BD
United Kingdom

These financial statements were authorised for issue by the director on 22 December 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

LINDENGLADE LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2021 - 1).

4

Investments

2022
£

2021
£

Investments in subsidiaries

541,265

541,265

 

LINDENGLADE LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Subsidiaries

£

Cost or valuation

At 1 January 2022

541,265

Provision

Carrying amount

At 31 December 2022

541,265

At 31 December 2021

541,265

5

Debtors

Current

2022
£

2021
£

Other debtors

89,839

89,839

6

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Accruals and deferred income

4,355

4,355

Other creditors

1,857,506

1,855,616

1,861,861

1,859,971

7

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000

         

8

Related party transactions

Loans from related parties

 

LINDENGLADE LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

2022

Other related parties
£

Total
£

At start of period

1,855,616

1,855,616

Advanced

1,889

1,889

At end of period

1,857,505

1,857,505

2021

Other related parties
£

Total
£

At start of period

1,835,625

1,835,625

Advanced

20,037

20,037

Repaid

(46)

(46)

At end of period

1,855,616

1,855,616

Terms of loans from related parties

Shareholder’s loan, no interest bearing.