Registration number:
Lindmart Property Holdings LLP
for the Year Ended 5 April 2024
Lindmart Property Holdings LLP
Contents
Limited liability partnership information |
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Financial Statements |
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Balance Sheet |
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Statement of Changes in Members’ Interests |
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Notes to the Financial Statements |
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Non-statutory pages |
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Detailed Profit and Loss Account |
Lindmart Property Holdings LLP
Limited liability partnership information
Designated members |
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Registered office |
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Accountants |
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Lindmart Property Holdings LLP
(Registration number: OC431139)
Balance Sheet as at 5 April 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Cash and short-term deposits |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets attributable to members |
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Represented by: |
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Loans and other debts due to members |
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Members' capital classified as a liability |
2,942 |
1,370 |
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Members’ other interests |
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Members' capital classified as equity |
687,655 |
687,655 |
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690,597 |
689,025 |
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Total members' interests |
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Loans and other debts due to members |
2,942 |
1,370 |
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Equity |
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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
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Lindmart Property Holdings LLP
Statement of Changes in Members’ Interests
At 5 April 2024
Equity |
Loans and other debts due to/(from) members |
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Members' capital |
Total equity |
Members' capital classified as a liability |
Members' other amounts |
Total debt |
Total |
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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 |
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Members' capital |
Total equity |
Members' capital classified as a liability |
Members' other amounts |
Total debt |
Total |
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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
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
Particulars of employees |
The average number of persons employed by the limited liability partnership during the year was
Tangible fixed assets |
Freehold land and buildings |
Total |
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Cost |
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At 6 April 2023 |
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At 5 April 2024 |
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Depreciation |
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At 5 April 2024 |
- |
- |
Net book value |
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At 5 April 2024 |
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At 5 April 2023 |
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Creditors: Amounts falling due after more than one year |
2024 |
2023 |
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Bank loans and overdrafts |
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Lindmart Property Holdings LLP
Detailed Profit and Loss Account for the Year Ended 5 April 2024
2024 |
2023 |
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Turnover (analysed below) |
88,471 |
82,895 |
Gross profit (%) |
100% |
100% |
Administrative expenses |
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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) |
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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 |
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Sales, UK |
88,471 |
82,895 |
Establishment costs |
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Light, heat and power |
- |
41 |
Insurance |
2,549 |
2,475 |
2,549 |
2,516 |
General administrative expenses |
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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 |
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Bank interest payable |
20,702 |
21,552 |