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REGISTERED NUMBER: 00986524 (England and Wales)






















Financial Statements

for the Year Ended 30 November 2023

for

Lindum Developments Limited

Lindum Developments Limited (Registered number: 00986524)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lindum Developments Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: D C Chambers
H F F Kok
S D Mitchell





SECRETARY: C D E O'Kelly





REGISTERED OFFICE: Lindum Business Park
Station Road
North Hykeham
Lincoln
LN6 3QX





REGISTERED NUMBER: 00986524 (England and Wales)





AUDITORS: Wright Vigar Limited
Statutory Auditors
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Lindum Developments Limited (Registered number: 00986524)

Balance Sheet
30 November 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 5,241,679 2,887,772
Debtors 4 44,120 82,739
Cash at bank 38,645 71,929
5,324,444 3,042,440
CREDITORS
Amounts falling due within one year 5 4,534,671 1,269,627
NET CURRENT ASSETS 789,773 1,772,813
TOTAL ASSETS LESS CURRENT
LIABILITIES

789,773

1,772,813

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 7 789,771 1,772,811
SHAREHOLDERS' FUNDS 789,773 1,772,813

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:





D C Chambers - Director


Lindum Developments Limited (Registered number: 00986524)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Lindum Developments 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.

Turnover
Turnover comprises revenue receivable by the company in respect of sales of development properties recognised upon completion and rents receivable, exclusive of Value Added Tax and trade discounts.

Stocks and work in progress
Stocks are valued at the lower of cost and net realisable value. Cost includes all direct costs. Net realisable value is based on estimated market value including provisions for unrecoverable costs and allowing for costs to completion and likely disposal costs.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 44,120 82,739

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 186,617 256,199
Amounts owed to group undertakings 4,332,442 844,248
Taxation and social security - 51,625
Other creditors 15,612 117,555
4,534,671 1,269,627

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

Lindum Developments Limited (Registered number: 00986524)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. RESERVES
Retained
earnings
£   

At 1 December 2022 1,772,811
Deficit for the year (983,040 )
At 30 November 2023 789,771

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Shaw FCA BSc(Hons) (Senior Statutory Auditor)
for and on behalf of Wright Vigar Limited

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. CONTROLLING PARTY

The company's parent undertaking is Lindum Group Limited. The registered office of the parent undertaking is Lindum Business Park, Station Road, North Hykeham, Lincoln, LN6 3QX.