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REGISTERED NUMBER: 13439318 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

LINTON ESTATES GROUP LTD

LINTON ESTATES GROUP LTD (REGISTERED NUMBER: 13439318)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 6


LINTON ESTATES GROUP LTD (REGISTERED NUMBER: 13439318)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Investment property 4 339,022 69,016

CURRENT ASSETS
Debtors 5 5,963 -
Cash at bank 151,558 9,990
157,521 9,990
CREDITORS
Amounts falling due within one year 6 (291,406 ) (86,382 )
NET CURRENT LIABILITIES (133,885 ) (76,392 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

205,137

(7,376

)

CREDITORS
Amounts falling due after more than one
year

7

(198,955

)

-

PROVISIONS FOR LIABILITIES (4,228 ) -
NET ASSETS/(LIABILITIES) 1,954 (7,376 )

CAPITAL AND RESERVES
Called up share capital 1 1
Non-distributable reserve 18,024 -
Retained earnings (16,071 ) (7,377 )
1,954 (7,376 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

LINTON ESTATES GROUP LTD (REGISTERED NUMBER: 13439318)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 20 March 2024 and were signed by:





D L Linton - Director


LINTON ESTATES GROUP LTD (REGISTERED NUMBER: 13439318)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Linton Estates Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13439318

Registered office: C/O DPC
Stone House
55 Stone Road Business Park
Stoke-on-Trent
Staffordshire
ST4 6SR

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

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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investment properties

The open market value of the investment properties has been determined by the directors, based on their experience of the market.

Going concern
The accounts have been prepared on the going concern basis. The director believes this to be appropriate as he has expressed his willingness to support the business for the foreseeable future.

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

Turnover represents rental income which is recognised in the relevant rental period.

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.

LINTON ESTATES GROUP LTD (REGISTERED NUMBER: 13439318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

LINTON ESTATES GROUP LTD (REGISTERED NUMBER: 13439318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 69,016
Additions 247,755
Revaluations 22,251
At 30 June 2023 339,022
NET BOOK VALUE
At 30 June 2023 339,022
At 30 June 2022 69,016

The director considers the investment properties to be stated at fair value as at 30 June 2023.

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2023 22,251
Cost 316,771
339,022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Deferred tax asset 3,117 -
Prepayments and accrued income 2,846 -
5,963 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts - 40,248
Other loans 200,000 -
Other creditors 599 -
Directors' loan accounts 86,034 45,639
Accruals and deferred income 4,773 495
291,406 86,382

The bank loans are secured against the investment properties of the company.

LINTON ESTATES GROUP LTD (REGISTERED NUMBER: 13439318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans more than 5 years
non-instalments 198,955 -
198,955 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 years
non-instalments 198,955 -
198,955 -

The bank loans are secured against the investment properties of the company.

8. OTHER FINANCIAL COMMITMENTS

The amount of other commitments, guarantees and contingencies is £29,000 (2022: nil).

9. POST BALANCE SHEET EVENTS

There were no significant events up to the date of approval of the financial statements by the board.

10. GOING CONCERN

The accounts have been prepared on the going concern basis. The director believes this to be appropriate as he has expressed his willingness to support the business for the foreseeable future.