Company Registration No. 11210086 (England and Wales)
Lindum Properties Ltd
Unaudited accounts
for the year ended 31 March 2024
Lindum Properties Ltd
Unaudited accounts
Contents
Lindum Properties Ltd
Company Information
for the year ended 31 March 2024
Directors
Mr Ajay Thakkar
Mrs Sila Thakkar
Mr Vikesh Thakkar
Company Number
11210086 (England and Wales)
Registered Office
2c Lindum Close
Syston
Leicester
Leicestershire
LE7 1ZA
England
Lindum Properties Ltd
Statement of financial position
as at 31 March 2024
Investment property
250,739
250,739
Cash at bank and in hand
373
17,591
Creditors: amounts falling due within one year
(80,230)
(100,935)
Net current liabilities
(78,557)
(82,019)
Total assets less current liabilities
172,182
168,720
Creditors: amounts falling due after more than one year
(196,648)
(190,000)
Net liabilities
(24,466)
(21,280)
Called up share capital
3
3
Profit and loss account
(24,469)
(21,283)
Shareholders' funds
(24,466)
(21,280)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 July 2024 and were signed on its behalf by
Mr Ajay Thakkar
Director
Company Registration No. 11210086
Lindum Properties Ltd
Notes to the Accounts
for the year ended 31 March 2024
Lindum Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11210086. The registered office is 2c Lindum Close, Syston, Leicester, Leicestershire, LE7 1ZA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
Lindum Properties Ltd
Notes to the Accounts
for the year ended 31 March 2024
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in' which the Company expects, at the end of the reporting period to recover or settle the carrying amount of its assets and liabilities.
'
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or. Directly in equity respectively.
Fair value at 1 April 2023
250,739
Amounts falling due within one year
Accrued income and prepayments
1,300
1,325
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
259
Loans from directors
79,980
100,426
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
196,648
190,000
Lindum Properties Ltd
Notes to the Accounts
for the year ended 31 March 2024
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).