IRIS Accounts Production v24.2.0.383 11043071 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false Fair value model ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110430712022-11-30110430712023-11-30110430712022-12-012023-11-30110430712021-11-30110430712021-12-012022-11-30110430712022-11-3011043071ns15:EnglandWales2022-12-012023-11-3011043071ns14:PoundSterling2022-12-012023-11-3011043071ns10:Director12022-12-012023-11-3011043071ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3011043071ns10:SmallEntities2022-12-012023-11-3011043071ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3011043071ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3011043071ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3011043071ns10:FullAccounts2022-12-012023-11-3011043071ns10:OrdinaryShareClass12022-12-012023-11-3011043071ns10:Director22022-12-012023-11-3011043071ns10:RegisteredOffice2022-12-012023-11-3011043071ns5:CurrentFinancialInstruments2023-11-3011043071ns5:CurrentFinancialInstruments2022-11-3011043071ns5:Non-currentFinancialInstruments2023-11-3011043071ns5:Non-currentFinancialInstruments2022-11-3011043071ns5:ShareCapital2023-11-3011043071ns5:ShareCapital2022-11-3011043071ns5:RetainedEarningsAccumulatedLosses2023-11-3011043071ns5:RetainedEarningsAccumulatedLosses2022-11-3011043071ns5:FurnitureFittings2022-12-012023-11-3011043071ns5:FurnitureFittings2022-11-3011043071ns5:FurnitureFittings2023-11-3011043071ns5:FurnitureFittings2022-11-3011043071ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3011043071ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3011043071ns5:DeferredTaxation2022-11-3011043071ns5:DeferredTaxation2022-12-012023-11-3011043071ns5:DeferredTaxation2023-11-3011043071ns10:OrdinaryShareClass12023-11-3011043071ns5:RetainedEarningsAccumulatedLosses2022-11-3011043071ns5:RetainedEarningsAccumulatedLosses2022-12-012023-11-30
REGISTERED NUMBER: 11043071 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 November 2023

for

LIND PROPERTIES LIMITED

LIND PROPERTIES LIMITED (REGISTERED NUMBER: 11043071)

Contents of the Financial Statements
for the year ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIND PROPERTIES LIMITED

Company Information
for the year ended 30 November 2023







Directors: N Gjura
Mrs M Gjura





Registered office: 10 Leconfield Walk
Hornchurch
Essex
RM12 6NZ





Registered number: 11043071 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

LIND PROPERTIES LIMITED (REGISTERED NUMBER: 11043071)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,754 520
Investment property 5 4,734,829 3,370,724
4,737,583 3,371,244

Current assets
Debtors 6 39,358 82,901
Cash at bank 21,653 453,868
61,011 536,769
Creditors
Amounts falling due within one year 7 86,616 59,088
Net current (liabilities)/assets (25,605 ) 477,681
Total assets less current liabilities 4,711,978 3,848,925

Creditors
Amounts falling due after more than one
year

8

(4,349,650

)

(3,655,200

)

Provisions for liabilities 9 - (165 )
Net assets 362,328 193,560

Capital and reserves
Called up share capital 10 100 100
Retained earnings 11 362,228 193,460
Shareholders' funds 362,328 193,560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

LIND PROPERTIES LIMITED (REGISTERED NUMBER: 11043071)

Balance Sheet - continued
30 November 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 Profit and Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:





N Gjura - Director


LIND PROPERTIES LIMITED (REGISTERED NUMBER: 11043071)

Notes to the Financial Statements
for the year ended 30 November 2023


1. Statutory information

Lind 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.

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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

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 cost

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.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.


LIND PROPERTIES LIMITED (REGISTERED NUMBER: 11043071)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 2 (2022 - 2 ) .

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 December 2022 8,543
Additions 2,979
At 30 November 2023 11,522
Depreciation
At 1 December 2022 8,023
Charge for year 745
At 30 November 2023 8,768
Net book value
At 30 November 2023 2,754
At 30 November 2022 520

LIND PROPERTIES LIMITED (REGISTERED NUMBER: 11043071)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


5. Investment property
Total
£   
Fair value
At 1 December 2022 3,370,724
Additions 1,364,105
At 30 November 2023 4,734,829
Net book value
At 30 November 2023 4,734,829
At 30 November 2022 3,370,724

The directors are of the opinion at the balance sheet date the open market valuation was the same as cost.

6. Debtors
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 16,907 10,137
Other debtors 22,451 72,214
39,358 82,351

Amounts falling due after more than one year:
Amounts owed by group undertakings - 550

Aggregate amounts 39,358 82,901

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors (1,200 ) -
Taxation and social security 56,472 29,160
Other creditors 31,344 29,928
86,616 59,088

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Amounts owed to group undertakings 4,349,650 3,655,200

9. Provisions for liabilities
2023 2022
£    £   
Deferred tax - 165

LIND PROPERTIES LIMITED (REGISTERED NUMBER: 11043071)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


9. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 December 2022 165
Provided during year (165 )
Balance at 30 November 2023 -

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 ordinary 1 100 100

11. Reserves
Retained
earnings
£   

At 1 December 2022 193,460
Profit for the year 168,768
At 30 November 2023 362,228