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No description of principal activity
2022-04-01
Sage Accounts Production Advanced 2021 - FRS102_2021
103,818
7,100
17,491
114,209
20,087
20,087
94,122
638,315
638,315
638,315
xbrli:pure
xbrli:shares
iso4217:GBP
01080713
2022-04-01
2023-03-31
01080713
2023-03-31
01080713
2022-03-31
01080713
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01080713
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01080713
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01080713
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01080713
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2022-03-31
01080713
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2023-03-31
01080713
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2023-03-31
01080713
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2022-03-31
01080713
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2022-03-31
01080713
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2023-03-31
01080713
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2022-03-31
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2022-04-01
2023-03-31
COMPANY REGISTRATION NUMBER:
01080713
Lindenhall Investments Limited |
|
Filleted Unaudited Financial Statements |
|
Lindenhall Investments Limited |
|
Statement of Financial Position |
|
31 March 2023
Fixed assets
Tangible assets |
4 |
94,122 |
– |
Investments |
5 |
– |
638,315 |
|
-------- |
--------- |
|
94,122 |
638,315 |
|
|
|
|
Current assets
Debtors |
6 |
898,636 |
852,762 |
Investments |
7 |
40,000 |
40,000 |
Cash at bank and in hand |
427,663 |
87,555 |
|
------------ |
--------- |
|
1,366,299 |
980,317 |
|
|
|
|
Creditors: amounts falling due within one year |
8 |
7,986 |
28,527 |
|
------------ |
--------- |
Net current assets |
1,358,313 |
951,790 |
|
------------ |
------------ |
Total assets less current liabilities |
1,452,435 |
1,590,105 |
|
------------ |
------------ |
Net assets |
1,452,435 |
1,590,105 |
|
------------ |
------------ |
|
|
|
|
Capital and reserves
Called up share capital |
10,000 |
10,000 |
Revaluation reserve |
17,491 |
– |
Profit and loss account |
1,424,944 |
1,580,105 |
|
------------ |
------------ |
Shareholders funds |
1,452,435 |
1,590,105 |
|
------------ |
------------ |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Lindenhall Investments Limited |
|
Statement of Financial Position (continued) |
|
31 March 2023
These financial statements were approved by the
board of directors
and authorised for issue on
8 February 2024
, and are signed on behalf of the board by:
Company registration number:
01080713
Lindenhall Investments Limited |
|
Notes to the Financial Statements |
|
Year ended 31 March 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Wheel House, 31-37 Church Street, Reigate, Surrey, RH2 0AD.
2.
Statement of compliance
These financial statements have been prepared in compliance with FRS102 (Section 1A Small Companies), 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The entity is a private limited company incorporated in England and Wales.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue in relation to interest arising on factoring facilities is recognised as it accrues.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The ordinary share capital of the company is the only financial instrument with the attributes of an equity instrument. No changes to the presentation of the company's financial instruments have occurred in the current or previous year.
4.
Tangible assets
|
Plant and machinery |
|
£ |
Cost or valuation |
|
At 1 April 2022 |
– |
Additions |
103,818 |
Disposals |
(
7,100) |
Revaluations |
17,491 |
|
--------- |
At 31 March 2023 |
114,209 |
|
--------- |
Depreciation |
|
At 1 April 2022 |
– |
Charge for the year |
20,087 |
|
--------- |
At 31 March 2023 |
20,087 |
|
--------- |
Carrying amount |
|
At 31 March 2023 |
94,122 |
|
--------- |
At 31 March 2022 |
– |
|
--------- |
|
|
As the investment property was acquired in 2019 the directors do not consider any revaluation adjustment is required
.
5.
Investments
|
Other investments other than loans |
|
£ |
Cost |
|
At 1 April 2022 |
638,315 |
Disposals |
(
638,315) |
|
--------- |
At 31 March 2023 |
– |
|
--------- |
Impairment |
|
At 1 April 2022 and 31 March 2023 |
– |
|
--------- |
|
|
Carrying amount |
|
At 31 March 2023 |
– |
|
--------- |
At 31 March 2022 |
638,315 |
|
--------- |
|
|
6.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Trade debtors |
– |
64,404 |
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
318,069 |
318,069 |
Other debtors |
580,567 |
470,289 |
|
--------- |
--------- |
|
898,636 |
852,762 |
|
--------- |
--------- |
|
|
|
7.
Investments
|
2023 |
2022 |
|
£ |
£ |
Unlisted Current Asset Investments |
40,000 |
40,000 |
|
-------- |
-------- |
|
|
|
The unlisted investments are all fixed rate corporate bonds. The amount recorded is the historic cost plus any accrued interest at the balance sheet date.
8.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Trade creditors |
– |
1,740 |
Corporation tax |
4,276 |
– |
Social security and other taxes |
– |
2,330 |
Other creditors |
3,710 |
24,457 |
|
------- |
-------- |
|
7,986 |
28,527 |
|
------- |
-------- |
|
|
|
9.
Financial instruments
The fair value of financial instruments traded in active markets is based on quoted market prices at the balance sheet date. The carrying value less impairment provision (where applicable) of receivables and payables is assumed to be approximate to their fair values.
Hedge accounting
The company does not have any hedging instruments.
10.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
|
2023 |
|
|
Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
|
|
£ |
£ |
£ |
£ |
|
D L Galway |
290 |
360 |
– |
650 |
|
|
---- |
---- |
---- |
---- |
|
|
|
|
|
|
|
2022 |
|
|
Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
|
|
£ |
£ |
£ |
£ |
|
D L Galway |
31,089 |
7,571 |
(
38,370) |
290 |
|
|
-------- |
------- |
-------- |
---- |
|
|
|
|
|
|
11.
Related party transactions
During the current year Lindenhall Investments Ltd took ownership of Plant and Machinery for consideration equal to its net book value of £103,818 from Hands on Skills Training, a company under common control. Lindenhall rents the Plant and Machinery back to HOST Ltd earning £20,087 in rental income. As at 31 March 2023 the amount due to Lindenhall Investments from HOST ltd was £114,718.25 (2022 - nil). Interest was charge on outstanding amounts owed amounting to a total of £972 during the year. The company has previously advanced a loan to the David Galway Trust. At the year end, the balance outstanding was £1,157 (2022 - £1,157). The company also has outstanding loans of £439,377 (20212- £439,377) due from Capital Engineering Group Holdings Limited. During the year the company advanced a loan to Galson Properties Ltd a company controlled by Alex Galway. Interest of £6,361 was charged and the balance at 31 March 2023 was £318,069. No other transactions with related parties were undertaken such as are required to be disclosed under FRS102 section 1A.
12.
Controlling party
Until February 2019, the immediate parent company was Capital Engineering Group Holdings Limited, a company incorporated in England and Wales. Until February 2019, the ultimate parent company was Capital Engineering Group Holdings (2013) Limited, a company incorporated in England and Wales under registration number 08584840. Following a group reorganisation and demerger, from February 2019 the immediate and ultimate parent company is Lindenhall Ventures Limited, a company incorporated in England and Wales. The ultimate controlling party is Mr
D L Galway
, by virtue of his majority shareholding in Lindenhall Ventures Limited.