Registered number
05113015
Lingdale Associates Limited
Filleted Accounts
30 April 2024
Lingdale Associates Limited
Registered number: 05113015
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,024 4,130
Investments 4 430,645 342,645
434,669 346,775
Current assets
Debtors 5 3,138 499
Cash at bank and in hand 11,255 11,968
14,393 12,467
Creditors: amounts falling due within one year 7 (326,506) (338,420)
Net current liabilities (312,113) (325,953)
Total assets less current liabilities 122,556 20,822
Provisions for liabilities (17,485) -
Net assets 105,071 20,822
Capital and reserves
Called up share capital 2 2
Profit and loss account 105,069 20,820
Shareholders' funds 105,071 20,822
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Gibbs
Director
Approved by the board on 9 October 2024
Lingdale Associates Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets as follows:
Plant and machinery 15% reducing balance
Investments
Investments in unquoted equity instruments are measured at fair value.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price),
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 12,392
Additions 875
Disposals (453)
At 30 April 2024 12,814
Depreciation
At 1 May 2023 8,262
Charge for the year 627
On disposals (99)
At 30 April 2024 8,790
Net book value
At 30 April 2024 4,024
At 30 April 2023 4,130
4 Investments
Other
investments
£
Cost
At 1 May 2023 342,645
Revaluation 88,000
At 30 April 2024 430,645
5 Debtors 2024 2023
£ £
Other debtors 3,138 499
6 Investments held as current assets 2024 2023
£ £
Fair value
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments 88,000 -
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 289 1,459
Taxation and social security costs 3,429 2,444
Directors loan account 322,788 334,517
326,506 338,420
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
S Gibbs
Directors loan account 167,258 (7,174) 1,310 161,394
CM Gibbs
Directors loan account 167,259 (7,175) 1,310 161,394
334,517 (14,349) 2,620 322,788
9 Controlling party
The Company is controlled by the Directors.
10 Other information
Lingdale Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:
18 Lingdale
Belmont
Durham
DH 1 2AN
Lingdale Associates Limited 05113015 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 S Gibbs No description of principal activity 05113015 2022-05-01 2023-04-30 05113015 core:WithinOneYear 2023-04-30 05113015 core:ShareCapital 2023-04-30 05113015 core:RetainedEarningsAccumulatedLosses 2023-04-30 05113015 2023-05-01 2024-04-30 05113015 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05113015 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 05113015 bus:Director40 2023-05-01 2024-04-30 05113015 1 2023-05-01 2024-04-30 05113015 2 2023-05-01 2024-04-30 05113015 core:PlantMachinery 2023-05-01 2024-04-30 05113015 bus:Director1 2023-05-01 2024-04-30 05113015 bus:Director1 1 2023-05-01 2024-04-30 05113015 bus:Director2 2023-05-01 2024-04-30 05113015 bus:Director2 1 2023-05-01 2024-04-30 05113015 countries:England 2023-05-01 2024-04-30 05113015 bus:FRS102 2023-05-01 2024-04-30 05113015 bus:FilletedAccounts 2023-05-01 2024-04-30 05113015 2024-04-30 05113015 core:WithinOneYear 2024-04-30 05113015 core:ShareCapital 2024-04-30 05113015 core:RetainedEarningsAccumulatedLosses 2024-04-30 05113015 core:PlantMachinery 2024-04-30 05113015 core:RevaluationsIncreaseDecreaseInInvestments 2024-04-30 05113015 bus:Director1 1 2024-04-30 05113015 bus:Director2 1 2024-04-30 05113015 2023-04-30 05113015 core:PlantMachinery 2023-04-30 05113015 bus:Director1 1 2023-04-30 05113015 bus:Director2 1 2023-04-30 iso4217:GBP xbrli:pure