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Registration number: OC431139

Lindmart Property Holdings LLP

Annual Report and Unaudited Financial Statements

for the Year Ended 5 April 2024

 

Lindmart Property Holdings LLP

Contents

Limited liability partnership information

1

Financial Statements

2 to 6

Balance Sheet

2

Statement of Changes in Members’ Interests

4

Notes to the Financial Statements

5

Non-statutory pages

7

Detailed Profit and Loss Account

7

 

Lindmart Property Holdings LLP

Limited liability partnership information

Designated members

Linda Christopher

Martin Christopher
 

Registered office

6 Cornwall Close
Camberley
Surrey
GU15 3UA

Accountants

Andrew Jenvey, AIMS Accountants for Business
The Incuhive Space
Hursley Park Road
Hursley
Winchester
SO21 2JN

 

Lindmart Property Holdings LLP

(Registration number: OC431139)
Balance Sheet as at 5 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

1,733,000

1,733,000

Current assets

 

Cash and short-term deposits

 

2,942

1,370

Total assets less current liabilities

 

1,735,942

1,734,370

Creditors: Amounts falling due after more than one year

4

(1,045,345)

(1,045,345)

Net assets attributable to members

 

690,597

689,025

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

2,942

1,370

Members’ other interests

 

Members' capital classified as equity

 

687,655

687,655

   

690,597

689,025

Total members' interests

 

Loans and other debts due to members

 

2,942

1,370

Equity

 

687,655

687,655

   

690,597

689,025

For the year ending 5 April 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

 

Lindmart Property Holdings LLP

(Registration number: OC431139)
Balance Sheet as at 5 April 2024

The financial statements of Lindmart Property Holdings LLP (registered number OC431139) were approved by the Board and authorised for issue on 30 July 2024. They were signed on behalf of the limited liability partnership by:

.........................................
Linda Christopher
Designated member

.........................................
Martin Christopher
Designated member

 

Lindmart Property Holdings LLP

Statement of Changes in Members’ Interests
At 5 April 2024

 

Equity

 

Loans and other debts due to/(from) members

   

Members' capital
£

Total equity
£

Members' capital classified as a liability
£

Members' other amounts
£

Total debt
£

Total
2024
£

Members' interest at 6 April 2023

687,655

687,655

1,370

-

1,370

689,025

Members' remuneration charged as an expense

-

-

-

23,928

23,928

23,928

At 5 April 2024

687,655

687,655

1,370

23,928

25,298

712,953

 

Equity

 

Loans and other debts due to/(from) members

   

Members' capital
£

Total equity
£

Members' capital classified as a liability
£

Members' other amounts
£

Total debt
£

Total
2023
£

Members' interest at 6 April 2022

687,655

687,655

1,616

-

1,616

689,271

Members' remuneration charged as an expense

-

-

-

33,164

33,164

33,164

At 5 April 2023

687,655

687,655

1,616

33,164

34,780

722,435

 

Lindmart Property Holdings LLP

Notes to the Financial Statements for the Year Ended 5 April 2024

1

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.

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.

The functional currency of Lindmart Property Holdings LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

other taxes policy

Tangible fixed assets

Individual fixed assets costing £0.00 or more are initially recorded at cost.

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.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

 

Lindmart Property Holdings LLP

Notes to the Financial Statements for the Year Ended 5 April 2024

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 2 (2023 - 2).

3

Tangible fixed assets

Freehold land and buildings
£

Total
£

Cost

At 6 April 2023

1,733,000

1,733,000

At 5 April 2024

1,733,000

1,733,000

Depreciation

At 5 April 2024

-

-

Net book value

At 5 April 2024

1,733,000

1,733,000

At 5 April 2023

1,733,000

1,733,000

4

Creditors: Amounts falling due after more than one year

2024
£

2023
£

Bank loans and overdrafts

1,045,345

1,045,345

 

Lindmart Property Holdings LLP

Detailed Profit and Loss Account for the Year Ended 5 April 2024

2024
£

2023
£

Turnover (analysed below)

88,471

82,895

Gross profit (%)

100%

100%

Administrative expenses

Establishment costs (analysed below)

2,549

2,516

General administrative expenses (analysed below)

41,292

25,457

Finance charges (analysed below)

-

206

(43,841)

(28,179)

Operating profit

44,630

54,716

Interest payable and similar charges (analysed below)

(20,702)

(21,552)

Profit for the year before members' remuneration charged as an expense

23,928

33,164

2024
£

2023
£

Turnover

Sales, UK

88,471

82,895

Establishment costs

Light, heat and power

-

41

Insurance

2,549

2,475

2,549

2,516

General administrative expenses

Repairs and maintenance

29,689

14,726

Telephone and fax

-

120

Printing, postage and stationery

-

66

Sundry expenses

736

35

Motor expenses

-

278

Travel and subsistence

-

92

Accountancy fees

883

870

Property management fees

9,984

9,270

41,292

25,457

Interest payable and similar charges

Bank interest payable

20,702

21,552