2 false false false false false false false false false false true false false false false false false No description of principal activity 2022-12-31 Sage Accounts Production Advanced 2023 - FRS102_2023 1,784,207 552,547 1,231,660 1,231,660 xbrli:pure xbrli:shares iso4217:GBP 07599495 2022-12-31 2023-12-30 07599495 2023-12-30 07599495 2022-12-30 07599495 2021-12-31 2022-12-30 07599495 2022-12-30 07599495 2021-12-30 07599495 bus:Director1 2022-12-31 2023-12-30 07599495 core:WithinOneYear 2023-12-30 07599495 core:WithinOneYear 2022-12-30 07599495 core:ShareCapital 2023-12-30 07599495 core:ShareCapital 2022-12-30 07599495 core:SharePremium 2023-12-30 07599495 core:SharePremium 2022-12-30 07599495 core:CapitalRedemptionReserve 2023-12-30 07599495 core:CapitalRedemptionReserve 2022-12-30 07599495 core:RetainedEarningsAccumulatedLosses 2023-12-30 07599495 core:RetainedEarningsAccumulatedLosses 2022-12-30 07599495 core:CostValuation core:Non-currentFinancialInstruments 2023-12-30 07599495 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2023-12-30 07599495 core:Non-currentFinancialInstruments 2023-12-30 07599495 core:Non-currentFinancialInstruments 2022-12-30 07599495 core:AfterOneYear 2023-12-30 07599495 core:AfterOneYear 2022-12-30 07599495 bus:SmallEntities 2022-12-31 2023-12-30 07599495 bus:AuditExemptWithAccountantsReport 2022-12-31 2023-12-30 07599495 bus:SmallCompaniesRegimeForAccounts 2022-12-31 2023-12-30 07599495 bus:PrivateLimitedCompanyLtd 2022-12-31 2023-12-30 07599495 bus:FullAccounts 2022-12-31 2023-12-30
COMPANY REGISTRATION NUMBER: 07599495
Lingwood Holdings 2011 Limited
Unaudited financial statements
30 December 2023
Lingwood Holdings 2011 Limited
Statement of financial position
30 December 2023
2023
2022
Note
£
£
£
£
Fixed assets
Investments
5
1,231,660
1,231,660
Current assets
Debtors
6
166,881
76,914
Cash at bank and in hand
42,422
48,104
---------
---------
209,303
125,018
Creditors: Amounts falling due within one year
7
( 123,053)
( 148,203)
---------
---------
Net current assets/(liabilities)
86,250
( 23,185)
-----------
-----------
Total assets less current liabilities
1,317,910
1,208,475
-----------
-----------
Net assets
1,317,910
1,208,475
-----------
-----------
Capital and reserves
Called up share capital
34,414
34,414
Share premium account
24,452
24,452
Capital redemption reserve
14,221
14,221
Profit and loss account
1,244,823
1,135,388
-----------
-----------
Shareholders funds
1,317,910
1,208,475
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 2 August 2024 , and are signed on behalf of the board by:
I W Hope
Director
Company registration number: 07599495
Lingwood Holdings 2011 Limited
Notes to the financial statements
Year ended 30 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 7, 8 & 9 Tomo Business Park, Stowmarket, Suffolk, IP14 5EP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of employees during the year was 2 (2022: 2 ).
5. Investments
Shares in group undertakings
£
Cost
At 31 December 2022 and 30 December 2023
1,784,207
-----------
Impairment
At 31 December 2022 and 30 December 2023
552,547
-----------
Carrying amount
At 30 December 2023
1,231,660
-----------
At 30 December 2022
1,231,660
-----------
6. Debtors
2023
2022
£
£
Other debtors
166,881
76,914
---------
-------
The debtors above include the following amounts falling due after more than one year:
2023
2022
£
£
Other debtors
4,198
4,198
------
------
7. Creditors: Amounts falling due within one year
2023
2022
£
£
Trade creditors
3,420
Amounts owed to group undertakings and undertakings in which the company has a participating interest
50,000
50,000
Social security and other taxes
19,211
41,141
Other creditors
53,842
53,642
---------
---------
123,053
148,203
---------
---------
8. Directors' advances, credits and guarantees
Included within debtors at the year end is a directors loan account of £161,360 (2022: £71,150). The maximum overdrawn balance during the year was £161,360 and interest of £3,010 was charged.