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REGISTERED NUMBER: 05539110 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Lynn & Jones (Holdings) Limited

Lynn & Jones (Holdings) Limited (Registered number: 05539110)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lynn & Jones (Holdings) Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: C A Jones
Mrs K S Jones





SECRETARY: C A Jones





REGISTERED OFFICE: Falcon House
Kenneth Street
Off Ingram Road
Holbeck
Leeds
LS11 9RF





REGISTERED NUMBER: 05539110 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
Chartered Accountants
3 Park Square
Leeds
LS1 2NE

Lynn & Jones (Holdings) Limited (Registered number: 05539110)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,000 1,000

CURRENT ASSETS
Debtors 5 777,281 962,781
Cash at bank 264,752 264,765
1,042,033 1,227,546
CREDITORS
Amounts falling due within one year 6 504,287 689,787
NET CURRENT ASSETS 537,746 537,759
TOTAL ASSETS LESS CURRENT
LIABILITIES

538,746

538,759

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 8 537,746 537,759
SHAREHOLDERS' FUNDS 538,746 538,759

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





C A Jones - Director


Lynn & Jones (Holdings) Limited (Registered number: 05539110)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Lynn & Jones (Holdings) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 August 2022
and 31 July 2023 1,000
NET BOOK VALUE
At 31 July 2023 1,000
At 31 July 2022 1,000

Lynn & Jones (Holdings) Limited (Registered number: 05539110)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Amounts owed by group undertakings 56,408 56,408
Loan to participator 540,000 540,000
Tax recoverable 175,500 221,000
Directors' current accounts - 140,000
VAT 5,373 5,373
777,281 962,781

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Amounts owed to group undertakings 328,787 468,787
Corporation tax 175,500 221,000
504,287 689,787

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
996 A Ordinary £1 996 996
2 B Ordinary £1 2 2
2 C Ordinary £1 2 2
1,000 1,000

8. RESERVES
Retained
earnings
£   

At 1 August 2022 537,759
Profit for the year 49,987
Dividends (50,000 )
At 31 July 2023 537,746

9. RELATED PARTY DISCLOSURES

Lynn & Jones Storefitters Limited is a wholly owned subsidiary of the company.

At 31 July 2023 the company owed Lynn & Jones Storefitters Limited £328,787 (2022: £468,787).

At 31 July 2023 Lynn & Jones Limited owed the company £56,408 (2022: £56,408).

C A Jones owed the company £NIL (2022: £140,000).

10. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of Mr C Jones and Mrs K Jones.

Lynn & Jones (Holdings) Limited (Registered number: 05539110)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

11. ULTIMATE PARENT UNDERTAKING

The company is under the control of its parent undertaking, Lynn and Jones Limited.