Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 13420678 E Hourigan M Panayi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13420678 2023-05-31 13420678 2024-05-31 13420678 2023-06-01 2024-05-31 13420678 frs-core:CurrentFinancialInstruments 2024-05-31 13420678 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 13420678 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 13420678 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 13420678 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 13420678 frs-bus:CompanyLimitedByGuarantee 2023-06-01 2024-05-31 13420678 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 13420678 frs-bus:SmallEntities 2023-06-01 2024-05-31 13420678 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 13420678 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 13420678 frs-bus:Director1 2023-06-01 2024-05-31 13420678 frs-bus:Director2 2023-06-01 2024-05-31 13420678 frs-countries:EnglandWales 2023-06-01 2024-05-31 13420678 2022-05-31 13420678 2023-05-31 13420678 2022-06-01 2023-05-31 13420678 frs-core:CurrentFinancialInstruments 2023-05-31 13420678 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 13420678
11 Lincoln Road Freehold Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Modus Accountants Ltd
Unit 1c Church Green
Witney
OX28 4YR
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13420678
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,631 2,631
2,631 2,631
CURRENT ASSETS
Debtors 5 384 469
Cash at bank and in hand 575 1,133
959 1,602
Creditors: Amounts Falling Due Within One Year 6 (7,998 ) (8,028 )
NET CURRENT ASSETS (LIABILITIES) (7,039 ) (6,426 )
TOTAL ASSETS LESS CURRENT LIABILITIES (4,408 ) (3,795 )
NET LIABILITIES (4,408 ) (3,795 )
Income and Expenditure Account (4,408 ) (3,795 )
MEMBERS' FUNDS (4,408) (3,795)
For the year ending 31 May 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
E Hourigan
Director
31 July 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
11 Lincoln Road Freehold Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 13420678 . The registered office is 211 Downhills Way, London, N17 6AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Nil
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 June 2023 2,631
As at 31 May 2024 2,631
Net Book Value
As at 31 May 2024 2,631
As at 1 June 2023 2,631
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 384 469
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 870 900
Directors' loan accounts 7,128 7,128
7,998 8,028
Included within the above director loan account balance are the following - 
M Panayi re Flat A - £2,376
M Panayi re Flat B - £2,376
E Hourigan re Flat C - £2,376
Page 2
Page 3
7. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 3