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REGISTERED NUMBER: 04949317 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Lynton Projects Limited

Lynton Projects Limited (Registered number: 04949317)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lynton Projects Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs A T Ellis
Mr G D G Ellis





SECRETARY: Mrs A T Ellis





REGISTERED OFFICE: 56 Queens Road
Bury St Edmunds
Suffolk
IP33 3EW





REGISTERED NUMBER: 04949317 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

Lynton Projects Limited (Registered number: 04949317)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,313 2,895
Investment property 5 2,435,000 2,435,000
2,437,313 2,437,895

CURRENT ASSETS
Debtors 6 1,813 1,930
Cash at bank 6,499 21,525
8,312 23,455
CREDITORS
Amounts falling due within one year 7 42,249 56,780
NET CURRENT LIABILITIES (33,937 ) (33,325 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,403,376

2,404,570

CREDITORS
Amounts falling due after more than one
year

8

(419,703

)

(497,142

)

PROVISIONS FOR LIABILITIES (225,426 ) (225,426 )
NET ASSETS 1,758,247 1,682,002

CAPITAL AND RESERVES
Called up share capital 9 100 100
Non distributable reserve 10 676,277 676,277
Retained earnings 1,081,870 1,005,625
SHAREHOLDERS' FUNDS 1,758,247 1,682,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Lynton Projects Limited (Registered number: 04949317)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:




Mrs A T Ellis - Director



Mr G D G Ellis - Director


Lynton Projects Limited (Registered number: 04949317)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Lynton Projects 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any surplus or deficit is dealt with via the fair value
reserve. No depreciation is provided in respect of investment properties.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Lynton Projects Limited (Registered number: 04949317)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 12,312
DEPRECIATION
At 1 April 2023 9,417
Charge for year 582
At 31 March 2024 9,999
NET BOOK VALUE
At 31 March 2024 2,313
At 31 March 2023 2,895

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 2,435,000
NET BOOK VALUE
At 31 March 2024 2,435,000
At 31 March 2023 2,435,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 2,435,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,533,297 1,533,297

Investment property was valued on an open market basis on 31 March 2024 by the director, Mrs A T Ellis .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 1,813 1,930

Lynton Projects Limited (Registered number: 04949317)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 32,797 27,858
Trade creditors 26 55
Tax 1,399 10,211
VAT 793 1,893
Directors' current accounts - 10,971
Accruals and deferred income 7,234 5,792
42,249 56,780

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 32,387 32,387
Bank loans - 2-5 years 387,316 464,755
419,703 497,142

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Non
distributable
reserve
£   
At 1 April 2023
and 31 March 2024 676,277

11. RELATED PARTY TRANSACTION

Interest free loans owing to companies with common directors and under common control amounted to £Nil as at 31st March 2024 (2023 - £Nil).