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Company registration number: 14662578
Lindon Property Ltd
Unaudited filleted financial statements
31 March 2024
Lindon Property Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Lindon Property Ltd
Directors and other information
Directors Mr Richard Lines (Appointed 14 February 2023)
Ms Joanna Lines (Appointed 14 February 2023)
Mr Christopher Lines (Appointed 14 February 2023)
Company number 14662578
Registered office Pear Tree House, Station Road
Ten Mile Bank
Downham Market
PE38 0EP
Accountants Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
Hertfordshire
AL5 4EE
Lindon Property Ltd
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Lindon Property Ltd
Period ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lindon Property Ltd for the period ended 31 March 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Lindon Property Ltd, as a body, in accordance with the terms of our engagement letter dated 2 August 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Lindon Property Ltd and state those matters that we have agreed to state to the board of directors of Lindon Property Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lindon Property Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Lindon Property Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Lindon Property Ltd. You consider that Lindon Property Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Lindon Property Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
Hertfordshire
AL5 4EE
18 October 2024
Lindon Property Ltd
Statement of financial position
31 March 2024
31/03/24
Note £ £
Current assets
Stocks 437,133
Debtors 5 273
Cash at bank and in hand 12,369
_______
449,775
Creditors: amounts falling due
within one year 6 ( 450,815)
_______
Net current liabilities ( 1,040)
_______
Total assets less current liabilities ( 1,040)
_______
Net liabilities ( 1,040)
_______
Capital and reserves
Called up share capital 360
Profit and loss account ( 1,400)
_______
Shareholders deficit ( 1,040)
_______
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 18 October 2024 , and are signed on behalf of the board by:
Mr Richard Lines
Director
Company registration number: 14662578
Lindon Property Ltd
Statement of changes in equity
Period ended 31 March 2024
Called up share capital Profit and loss account Total
£ £ £
At 14 February 2023 - - -
Loss for the period ( 1,400) ( 1,400)
_______ _______ _______
Total comprehensive income for the period - ( 1,400) ( 1,400)
Issue of shares 360 360
_______ _______ _______
Total investments by and distributions to owners 360 - 360
_______ _______ _______
At 31 March 2024 360 ( 1,400) ( 1,040)
_______ _______ _______
Lindon Property Ltd
Notes to the financial statements
Period ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Pear Tree House, Station Road, Ten Mile Bank, Downham Market, PE38 0EP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on the going concern basis which assumes the continued support of the company's creditors.
Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 3
5. Debtors
31/03/24
£
Other debtors 273
_______
6. Creditors: amounts falling due within one year
31/03/24
£
Other creditors 450,815
_______
7. Directors advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
Period ended 31/03/24
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Richard Lines - ( 149,880) ( 149,880)
Ms Joanna Lines - ( 149,880) ( 149,880)
Mr Christopher Lines - ( 149,880) ( 149,880)
_______ _______ _______
- ( 449,640) ( 449,640)
_______ _______ _______