REGISTERED NUMBER: |
Financial Statements |
For The Year Ended 31 March 2024 |
for |
LINCOLN HOUSE (BASIL STREET) LIMITED |
REGISTERED NUMBER: |
Financial Statements |
For The Year Ended 31 March 2024 |
for |
LINCOLN HOUSE (BASIL STREET) LIMITED |
LINCOLN HOUSE (BASIL STREET) LIMITED (REGISTERED NUMBER: 01366821) |
Contents of the Financial Statements |
For The Year Ended 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
LINCOLN HOUSE (BASIL STREET) LIMITED |
Company Information |
For The Year Ended 31 March 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SENIOR STATUTORY AUDITOR: |
AUDITORS: |
T/A Lees-Buckley & Co |
16 Northfields Prospect |
Putney Bridge Road |
London |
SW18 1PE |
LINCOLN HOUSE (BASIL STREET) LIMITED (REGISTERED NUMBER: 01366821) |
Balance Sheet |
31 March 2024 |
31.3.24 | 31.3.23 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
CREDITORS |
Amounts falling due within one year | 5 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES | - | - |
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 |
LINCOLN HOUSE (BASIL STREET) LIMITED (REGISTERED NUMBER: 01366821) |
Notes to the Financial Statements |
For The Year Ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Lincoln House (Basil Street) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Other debtors | 27,743 | 19,022 |
Funds held by managing agents | 670,422 | 500,630 |
Prepayments |
Due from lessees | 203,553 | 252,152 |
Excess Service Charge Balance |
Due (Note 3) | 48 | 17,093 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Trade creditors |
Service Charge Reserve |
Fund (Note 10) | 548,114 | 400,991 |
Income tax | 3,056 | 341 |
Other creditors |
Service charges in advance | 337,487 | 333,237 |
Accrued expenses |
6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
7. | RELATED PARTY DISCLOSURES |
J H Lorimer and M A C Gill are also directors of Lincoln House Freehold Limited the company which holds, as nominee, the freehold property known as Lincoln House Basil Street SW3. |
Other creditors includes £2,203 (2023 £10,287 credit) due from Lincoln House Freehold Limited. |
LINCOLN HOUSE (BASIL STREET) LIMITED (REGISTERED NUMBER: 01366821) |
Notes to the Financial Statements - continued |
For The Year Ended 31 March 2024 |
8. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. |
9. | LIMITED BY GUARANTEE |
The company is limited by guarantee, and consequently has no share capital. The liability of each member is limited to the sum of £1 in the event that the company is wound up. |
10. | SERVICE CHARGE RESERVE FUND |
£ |
Balance at 1st April 2023 | 400,991 |
Service charge deficit brought forward funded from reserves | (17,093 | ) |
Transfer from current year demands | 153,161 |
Interest received net of tax | 11,055 |
Balance at 31st March 2024 | 548,114 |