Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-3032022-12-01falseNo description of principal activity3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02794611 2022-12-01 2023-11-30 02794611 2023-11-30 02794611 2021-12-01 2022-11-30 02794611 2022-11-30 02794611 c:Director1 2022-12-01 2023-11-30 02794611 d:OfficeEquipment 2022-12-01 2023-11-30 02794611 d:OfficeEquipment 2023-11-30 02794611 d:OfficeEquipment 2022-11-30 02794611 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 02794611 d:FreeholdInvestmentProperty 2023-11-30 02794611 d:FreeholdInvestmentProperty 2022-11-30 02794611 d:FreeholdInvestmentProperty 2 2022-12-01 2023-11-30 02794611 d:CurrentFinancialInstruments 2023-11-30 02794611 d:CurrentFinancialInstruments 2022-11-30 02794611 d:Non-currentFinancialInstruments 2023-11-30 02794611 d:Non-currentFinancialInstruments 2022-11-30 02794611 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 02794611 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 02794611 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 02794611 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 02794611 d:ShareCapital 2023-11-30 02794611 d:ShareCapital 2022-11-30 02794611 d:RetainedEarningsAccumulatedLosses 2023-11-30 02794611 d:RetainedEarningsAccumulatedLosses 2022-11-30 02794611 c:FRS102 2022-12-01 2023-11-30 02794611 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 02794611 c:FullAccounts 2022-12-01 2023-11-30 02794611 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 02794611 f:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure
Company registration number: 02794611







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 NOVEMBER 2023


LYNDSELL HOUSE SECURITIES LIMITED






































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LYNDSELL HOUSE SECURITIES LIMITED
REGISTERED NUMBER:02794611



STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
580
-

Investment property
 5 
2,557,000
2,682,000

  
2,557,580
2,682,000

Current assets
  

Debtors: amounts falling due within one year
 6 
-
412,626

Cash at bank and in hand
  
323,600
814,138

  
323,600
1,226,764

Creditors: amounts falling due within one year
 7 
(73,170)
(714,483)

Net current assets
  
 
 
250,430
 
 
512,281

Total assets less current liabilities
  
2,808,010
3,194,281

Creditors: amounts falling due after more than one year
 8 
-
(343,750)

Provisions for liabilities
  

Deferred tax
  
(58,823)
(82,326)

  
 
 
(58,823)
 
 
(82,326)

Net assets
  
2,749,187
2,768,205


Capital and reserves
  

Called up share capital 
  
2,000
2,000

Profit and loss account
  
2,747,187
2,766,205

  
2,749,187
2,768,205


Page 1

 


LYNDSELL HOUSE SECURITIES LIMITED
REGISTERED NUMBER:02794611


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


................................................
C R Chatterji
Director

Date: 22 August 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


LYNDSELL HOUSE SECURITIES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 
Lyndsell House Securities Limited is a private company limited by shares, registered in England and Wales, company registration number 02794611. The address of its registered office is disclosed on the company information page. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.



 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 


LYNDSELL HOUSE SECURITIES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.7

Financial instruments

.The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 4

 


LYNDSELL HOUSE SECURITIES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Plant and machinery etc.

£



Cost or valuation


At 1 December 2022
400


Additions
870


Disposals
(400)



At 30 November 2023

870



Depreciation


At 1 December 2022
400


Charge for the year on owned assets
290


Disposals
(400)



At 30 November 2023

290



Net book value



At 30 November 2023
580



At 30 November 2022
-


5.


Investment property


Freehold investment property

£



Valuation


At 1 December 2022
2,682,000


Surplus on revaluation
(125,000)



At 30 November 2023
2,557,000

The 2023 valuations were made by the director, on an open market value for existing use basis.




Page 5

 


LYNDSELL HOUSE SECURITIES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Debtors

2023
2022
£
£


Other debtors
-
412,626

-
412,626



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
575,000

Corporation tax
34,553
107,939

Other taxation and social security
8,226
8,720

Other creditors
27,496
20,099

Accruals and deferred income
2,895
2,725

73,170
714,483


The bank loans are secured by individual mortgages and charges held against the properties reflected on the company's Statement of Financial Position.


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
343,750

-
343,750


The bank loans are secured by individual mortgages and charges held against the properties reflected on the company's Statement of Financial Position.

 
Page 6