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REGISTERED NUMBER: 11668301 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 30 November 2023

for

Lynbeth Properties Limited

Lynbeth Properties Limited (Registered number: 11668301)

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










Page

Company Information 1

Chartered Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


Lynbeth Properties Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: J M Witte
D W Glaze





REGISTERED OFFICE: 1a St Nicholas Court
North Walsham
Norfolk
NR28 9BY





REGISTERED NUMBER: 11668301 (England and Wales)





ACCOUNTANTS: JDC Chartered Accountants and Business Advisors
Dencora Court
2 Meridian Way
Norwich
Norfolk
NR7 0TA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Lynbeth Properties Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lynbeth Properties Limited for the year ended 30 November 2023 which comprise the Income Statement, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Lynbeth Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lynbeth Properties Limited and state those matters that we have agreed to state to the Board of Directors of Lynbeth Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lynbeth Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lynbeth Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lynbeth Properties Limited. You consider that Lynbeth Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lynbeth Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






JDC Chartered Accountants and Business Advisors
Dencora Court
2 Meridian Way
Norwich
Norfolk
NR7 0TA


29 August 2024

Lynbeth Properties Limited (Registered number: 11668301)

Abridged Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,974 3,603
Investment property 5 1,240,350 972,112
1,244,324 975,715

CURRENT ASSETS
Debtors 21,314 1,780
Cash at bank and in hand 2,060 22,805
23,374 24,585
CREDITORS
Amounts falling due within one year 997,168 993,201
NET CURRENT LIABILITIES (973,794 ) (968,616 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

270,530

7,099

PROVISIONS FOR LIABILITIES 62,209 -
NET ASSETS 208,321 7,099

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 6 206,029 -
Retained earnings 2,192 6,999
208,321 7,099

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.

Lynbeth Properties Limited (Registered number: 11668301)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 August 2024 and were signed on its behalf by:





J M Witte - Director


Lynbeth Properties Limited (Registered number: 11668301)

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


1. STATUTORY INFORMATION

Lynbeth 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

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.

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 NIL (2022 - NIL).

Lynbeth Properties Limited (Registered number: 11668301)

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


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 4,152
Additions 1,491
At 30 November 2023 5,643
DEPRECIATION
At 1 December 2022 549
Charge for year 1,120
At 30 November 2023 1,669
NET BOOK VALUE
At 30 November 2023 3,974
At 30 November 2022 3,603

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 972,112
Revaluations 268,238
At 30 November 2023 1,240,350
NET BOOK VALUE
At 30 November 2023 1,240,350
At 30 November 2022 972,112

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2023 268,238
Cost 972,112
1,240,350

If the investment properties had not been revalued they would have been included at the following historical cost:

30.11.23 30.11.22
£    £   
Cost 972,112 -

The investment properties were valued on an open market basis on 30 November 2023 by the directors .

Lynbeth Properties Limited (Registered number: 11668301)

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


6. RESERVES
Revaluation
reserve
£   
Revaluation in year 268,238
Deferred tax on revaluation (62,209 )

At 30 November 2023 206,029