Company Registration No. 13614743 (England and Wales)
LINDJAS SOLUTIONS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
LINDJAS SOLUTIONS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
LINDJAS SOLUTIONS LTD
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
3,735,564
3,735,564
Current assets
Debtors
5
1
1
Creditors: amounts falling due within one year
6
(1,623,209)
(1,303,158)
Net current liabilities
(1,623,208)
(1,303,157)
Total assets less current liabilities
2,112,356
2,432,407
Creditors: amounts falling due after more than one year
7
(2,268,552)
(2,515,659)
Net liabilities
(156,196)
(83,252)
Capital and reserves
Called up share capital
8
1
1
Profit and loss reserves
(156,197)
(83,253)
Total equity
(156,196)
(83,252)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 24 September 2024 and are signed on its behalf by:
L A Hayman
J Root
Director
Director
Company Registration No. 13614743
LINDJAS SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
Lindjas Solutions Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Acre House, 11-15 William Road, London, United Kingdom, NW1 3ER.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Fixed asset investments
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
LINDJAS SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.
1.6
The accounts relate to the year ended 31 December 2023. The comparative figures relate to the period from 10 September 2021 to 31 December 2022.
2
Employees
There were no employees during the current year and previous period.
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
3,735,564
3,735,564
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 January 2023 & 31 December 2023
3,735,564
Carrying amount
At 31 December 2023
3,735,564
At 31 December 2022
3,735,564
4
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Indirect
Powerjet Whirlpools Limited
297 Munster Road, Fulham, London, SW6 6BW
Holding company
Odinary
0
100.00
Merchant Management Limited
297 Munster Road, London, SW6 6BW
Builders, merchants, wholesalers and retailers of bathroom and sanitary wares
Ordinary/preference
0
100.00
Acre 581 Limited
Acre House, 11-15 William Road, London, NW1 3ER
Holding company
Ordinary
100.00
-
LINDJAS SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
1
1
6
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
1,179,551
896,886
Other creditors
439,708
401,676
Accruals
3,950
4,596
1,623,209
1,303,158
Other creditors includes amounts due to former directors of Acre 581 Limited, as part of the deferred consideration from a management buyout of the company.
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
2,268,552
2,515,659
Other creditors includes amounts due to former directors of Acre 581 Limited, as part of the deferred consideration from a management buyout of the company.
8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
X shares of 0.1p each
998
998
1
1
Y shares of 0.1p each
2
2
-
-