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REGISTERED NUMBER: 11031757 (England and Wales)




















Financial Statements

for the Year Ended 31 October 2023

for

LIN'S PROPERTIES LIMITED

LIN'S PROPERTIES LIMITED (REGISTERED NUMBER: 11031757)






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


LIN'S PROPERTIES LIMITED

Company Information
for the Year Ended 31 October 2023







DIRECTORS: W K F Lin
W J Lin





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 11031757 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

LIN'S PROPERTIES LIMITED (REGISTERED NUMBER: 11031757)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 244
Investment property 6 90,000 64,960
90,000 65,204

CURRENT ASSETS
Debtors 7 85,848 259,384
Cash at bank 5,972 21,814
91,820 281,198
CREDITORS
Amounts falling due within one year 8 (127,787 ) (236,266 )
NET CURRENT (LIABILITIES)/ASSETS (35,967 ) 44,932
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,033

110,136

CREDITORS
Amounts falling due after more than one
year

9

(18,214

)

(28,271

)

PROVISIONS FOR LIABILITIES (6,260 ) -
NET ASSETS 29,559 81,865

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 29,459 81,765
SHAREHOLDERS' FUNDS 29,559 81,865

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.

LIN'S PROPERTIES LIMITED (REGISTERED NUMBER: 11031757)

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 2 August 2024 and were signed on its behalf by:




W K F Lin - Director



W J Lin - Director


LIN'S PROPERTIES LIMITED (REGISTERED NUMBER: 11031757)

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

1. STATUTORY INFORMATION

Lin's Properties 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 as modified by the revaluation of certain assets.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Know how are being amortised evenly over their estimated useful life of five years.

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 - 20% on cost
Computer equipment - Straight line over 3 years

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.

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.


LIN'S PROPERTIES LIMITED (REGISTERED NUMBER: 11031757)

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

2. ACCOUNTING POLICIES - continued
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 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2022
and 31 October 2023 24,339
AMORTISATION
At 1 November 2022
and 31 October 2023 24,339
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

LIN'S PROPERTIES LIMITED (REGISTERED NUMBER: 11031757)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022 450 4,786 5,236
Disposals - (2,166 ) (2,166 )
At 31 October 2023 450 2,620 3,070
DEPRECIATION
At 1 November 2022 360 4,632 4,992
Charge for year 90 154 244
Eliminated on disposal - (2,166 ) (2,166 )
At 31 October 2023 450 2,620 3,070
NET BOOK VALUE
At 31 October 2023 - - -
At 31 October 2022 90 154 244

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 64,960
Revaluations 25,040
At 31 October 2023 90,000
NET BOOK VALUE
At 31 October 2023 90,000
At 31 October 2022 64,960

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2023 25,040
Cost 64,960
90,000

LIN'S PROPERTIES LIMITED (REGISTERED NUMBER: 11031757)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 404 -
Other debtors 85,444 259,384
85,848 259,384

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,056 9,808
Trade creditors - 163
Taxation and social security - 6,113
Other creditors 117,731 220,182
127,787 236,266

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 18,214 28,271

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary A £1 100 100

11. RESERVES

Reserves include an amount of £18,780 that relates to the, net of tax, revaluation of an Investment property. This amount is not distributable.