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REGISTERED NUMBER: 02261474 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Lynwood Park Limited

Lynwood Park Limited (Registered number: 02261474)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lynwood Park Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr J Brassington
Mr C Andrews
Mrs A Clark





SECRETARY: Mr J Brassington





REGISTERED OFFICE: 130 Bournemouth Road
Chandlers Ford
Southampton
Hampshire
SO53 3AL





REGISTERED NUMBER: 02261474 (England and Wales)





ACCOUNTANTS: CBM Accountants Limited
130 Bournemouth Road
Chandler's Ford
Eastleigh
Hampshire
SO53 3AL

Lynwood Park Limited (Registered number: 02261474)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,597 1,745

CURRENT ASSETS
Stocks 3,369,213 3,284,802
Debtors 5 95,856 135,314
Cash at bank 466,288 546,710
3,931,357 3,966,826
CREDITORS
Amounts falling due within one year 6 275,430 267,778
NET CURRENT ASSETS 3,655,927 3,699,048
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,657,524

3,700,793

CREDITORS
Amounts falling due after more than one
year

7

(294,444

)

(353,333

)

PROVISIONS FOR LIABILITIES (332 ) (332 )
NET ASSETS 3,362,748 3,347,128

CAPITAL AND RESERVES
Called up share capital 9 6 6
Retained earnings 3,362,742 3,347,122
SHAREHOLDERS' FUNDS 3,362,748 3,347,128

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Lynwood Park Limited (Registered number: 02261474)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





Mr J Brassington - Director


Lynwood Park Limited (Registered number: 02261474)

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

1. STATUTORY INFORMATION

Lynwood Park 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Lynwood Park Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks of properties
Stocks are valued at the lower of cost and net realisable value, after making due allowance for market values as at the financial year end.

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.

Lynwood Park Limited (Registered number: 02261474)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022 19,452 12,702 32,154
Additions - 385 385
At 31 October 2023 19,452 13,087 32,539
DEPRECIATION
At 1 November 2022 18,988 11,421 30,409
Charge for year 116 417 533
At 31 October 2023 19,104 11,838 30,942
NET BOOK VALUE
At 31 October 2023 348 1,249 1,597
At 31 October 2022 464 1,281 1,745

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,442 59,208
Other debtors 64,414 76,106
95,856 135,314

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,650 18,513
Taxation and social security 59,522 52,173
Other creditors 208,258 197,092
275,430 267,778

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 294,444 353,333

Lynwood Park Limited (Registered number: 02261474)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 58,889 58,889
Mortgages (secured) 294,444 353,333
353,333 412,222

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
6 Ordinary £1 6 6

10. ULTIMATE CONTROLLING PARTY

There is no shareholder with overall control.