IRIS Accounts Production v24.2.0.383 07658002 director 1.9.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076580022022-08-31076580022023-08-31076580022022-09-012023-08-31076580022021-08-31076580022021-09-012022-08-31076580022022-08-3107658002ns15:EnglandWales2022-09-012023-08-3107658002ns14:PoundSterling2022-09-012023-08-3107658002ns10:Director12022-09-012023-08-3107658002ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3107658002ns10:SmallEntities2022-09-012023-08-3107658002ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3107658002ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3107658002ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3107658002ns10:FullAccounts2022-09-012023-08-3107658002ns10:RegisteredOffice2022-09-012023-08-3107658002ns5:CurrentFinancialInstruments2023-08-3107658002ns5:CurrentFinancialInstruments2022-08-3107658002ns5:Non-currentFinancialInstruments2023-08-3107658002ns5:Non-currentFinancialInstruments2022-08-3107658002ns5:ShareCapital2023-08-3107658002ns5:ShareCapital2022-08-3107658002ns5:RetainedEarningsAccumulatedLosses2023-08-3107658002ns5:RetainedEarningsAccumulatedLosses2022-08-3107658002ns5:LandBuildings2022-09-012023-08-3107658002ns5:LandBuildings2022-08-3107658002ns5:PlantMachinery2022-08-3107658002ns5:LandBuildings2023-08-3107658002ns5:PlantMachinery2023-08-3107658002ns5:LandBuildings2022-08-3107658002ns5:PlantMachinery2022-08-3107658002ns5:CostValuation2022-08-3107658002ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3107658002ns5:WithinOneYearns5:CurrentFinancialInstruments2022-08-31076580021ns5:Secured2023-08-31076580021ns5:Secured2022-08-31
REGISTERED NUMBER: 07658002 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Lincoln Grove Estates Limited

Lincoln Grove Estates Limited (Registered number: 07658002)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lincoln Grove Estates Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: J L Griffin





REGISTERED OFFICE: 6 Park Court
1-5 Pyrford Road
West Byfleet
Surrey
KT14 6SD





REGISTERED NUMBER: 07658002 (England and Wales)





ACCOUNTANTS: Turner & Co
Chartered Accountants
10a White Hart Parade
London Road
Blackwater
Camberley
Surrey
GU17 9AD

Lincoln Grove Estates Limited (Registered number: 07658002)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 679,028 679,028
Investments 5 338,000 338,000
1,017,028 1,017,028

CURRENT ASSETS
Debtors 6 5,388 -
Cash at bank 24,073 2,203
29,461 2,203
CREDITORS
Amounts falling due within one year 7 405,688 353,811
NET CURRENT LIABILITIES (376,227 ) (351,608 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

640,801

665,420

CREDITORS
Amounts falling due after more than
one year

8

(432,443

)

(432,022

)

PROVISIONS FOR LIABILITIES (39,116 ) (39,116 )
NET ASSETS 169,242 194,282

Lincoln Grove Estates Limited (Registered number: 07658002)

Balance Sheet - continued
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 169,241 194,281
SHAREHOLDERS' FUNDS 169,242 194,282

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 21 August 2024 and were signed by:





J L Griffin - Director


Lincoln Grove Estates Limited (Registered number: 07658002)

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

1. STATUTORY INFORMATION

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

Turnover represents rents receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


Lincoln Grove Estates Limited (Registered number: 07658002)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 679,028 1,127 680,155
DEPRECIATION
At 1 September 2022
and 31 August 2023 - 1,127 1,127
NET BOOK VALUE
At 31 August 2023 679,028 - 679,028
At 31 August 2022 679,028 - 679,028

Lincoln Grove Estates Limited (Registered number: 07658002)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 September 2022
and 31 August 2023 338,000
NET BOOK VALUE
At 31 August 2023 338,000
At 31 August 2022 338,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.8.23 31.8.22
£    £   
Other debtors 5,388 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 28,704 28,704
Taxation and social security (2 ) 2,507
Other creditors 376,986 322,600
405,688 353,811

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans 66,434 87,437
Other creditors 366,009 344,585
432,443 432,022

Lincoln Grove Estates Limited (Registered number: 07658002)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - conti
31.8.23 31.8.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Mortgage 306,009 284,585

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Mortgage 381,329 359,905

The mortgage is secured on the freehold property.