IRIS Accounts Production v24.3.0.553 10385510 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh103855102023-03-31103855102024-03-31103855102023-04-012024-03-31103855102022-03-31103855102022-04-012023-03-31103855102023-03-3110385510ns15:EnglandWales2023-04-012024-03-3110385510ns14:PoundSterling2023-04-012024-03-3110385510ns10:Director12023-04-012024-03-3110385510ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110385510ns10:SmallEntities2023-04-012024-03-3110385510ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110385510ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110385510ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110385510ns10:FullAccounts2023-04-012024-03-3110385510ns10:Director22023-04-012024-03-3110385510ns10:RegisteredOffice2023-04-012024-03-3110385510ns5:CurrentFinancialInstruments2024-03-3110385510ns5:CurrentFinancialInstruments2023-03-3110385510ns5:Non-currentFinancialInstruments2024-03-3110385510ns5:Non-currentFinancialInstruments2023-03-3110385510ns5:ShareCapital2024-03-3110385510ns5:ShareCapital2023-03-3110385510ns5:RetainedEarningsAccumulatedLosses2024-03-3110385510ns5:RetainedEarningsAccumulatedLosses2023-03-3110385510ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3110385510ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-31103855101ns10:Director12023-03-31103855101ns10:Director12022-03-31103855101ns10:Director12023-04-012024-03-31103855101ns10:Director12022-04-012023-03-31103855101ns10:Director12024-03-31103855101ns10:Director12023-03-3110385510ns10:Director222023-03-3110385510ns10:Director222022-03-3110385510ns10:Director222023-04-012024-03-3110385510ns10:Director222022-04-012023-03-3110385510ns10:Director222024-03-3110385510ns10:Director222023-03-31
REGISTERED NUMBER: 10385510 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LYNDON PROPERTY HOLDING LTD

LYNDON PROPERTY HOLDING LTD (REGISTERED NUMBER: 10385510)






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


LYNDON PROPERTY HOLDING LTD

COMPANY INFORMATION
for the Year Ended 31 MARCH 2024







DIRECTORS: S J Parker
C A Parker





REGISTERED OFFICE: 327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN





REGISTERED NUMBER: 10385510 (England and Wales)





ACCOUNTANTS: Whitehead & Howarth
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN

LYNDON PROPERTY HOLDING LTD (REGISTERED NUMBER: 10385510)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3 3
Investment property 5 428,304 428,304
428,307 428,307

CURRENT ASSETS
Development work in progress 162,072 -
Debtors 6 9,850 62,881
Cash at bank 6,030 16,841
177,952 79,722
CREDITORS
Amounts falling due within one year 7 228,921 225,153
NET CURRENT LIABILITIES (50,969 ) (145,431 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

377,338

282,876

CREDITORS
Amounts falling due after more than one
year

8

14,140

24,076
NET ASSETS 363,198 258,800

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 363,196 258,798
SHAREHOLDERS' FUNDS 363,198 258,800

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.

LYNDON PROPERTY HOLDING LTD (REGISTERED NUMBER: 10385510)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by:





S J Parker - Director


LYNDON PROPERTY HOLDING LTD (REGISTERED NUMBER: 10385510)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024

1. STATUTORY INFORMATION

Lyndon Property Holding Ltd 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing development work in progress to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS

2019 2018

Investment in Group Undertakings 3 3

LYNDON PROPERTY HOLDING LTD (REGISTERED NUMBER: 10385510)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 428,304
NET BOOK VALUE
At 31 March 2024 428,304
At 31 March 2023 428,304

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Directors' current accounts 9,850 62,881

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 9,200 9,200
Other loans 60,000 -
Trade creditors 2,018 2,267
Amounts owed to group undertakings 119,604 176,439
Tax 4,933 4,081
Other creditors 33,166 33,166
228,921 225,153

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 14,140 24,076

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
S J Parker
Balance outstanding at start of year 31,440 8,763
Amounts advanced 4,790 31,440
Amounts repaid (31,440 ) (8,763 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,790 31,440

LYNDON PROPERTY HOLDING LTD (REGISTERED NUMBER: 10385510)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

C A Parker
Balance outstanding at start of year 31,440 8,763
Amounts advanced 4,790 31,440
Amounts repaid (31,440 ) (8,763 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,790 31,440

10. RELATED PARTY DISCLOSURES

Control

The company is jointly controlled by Mr C A Parker, a director and Mr S J Parker, a director.

Subsidiary Companies
The company had two subsidiaries at 31/3/2024, being Lyndon Resources Ltd and Lyndon Subcontractors Ltd. Lyndon Subcontractors Ltd. Both companies are registered in England and Wales.

Group Dividend
The company received a dividend of £150,000 from Lyndon Resources Ltd in the year under review (2023: £60,000).

Dividends Paid to Related Parties
The company paid total dividends in the year under review of £64,000, which were divisible equally between Mr C A Parker and Mr S J Parker, both of whom are directors (2023: £50,000).