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REGISTERED NUMBER: 07583693 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LYNDON RESOURCES LIMITED

LYNDON RESOURCES LIMITED (REGISTERED NUMBER: 07583693)






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 RESOURCES LIMITED

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: 07583693 (England and Wales)





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

LYNDON RESOURCES LIMITED (REGISTERED NUMBER: 07583693)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,106 32,419

CURRENT ASSETS
Stocks 36,413 -
Debtors 5 110,285 177,462
Cash at bank 17,678 53,585
164,376 231,047
CREDITORS
Amounts falling due within one year 6 82,209 60,043
NET CURRENT ASSETS 82,167 171,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,273

203,423

CREDITORS
Amounts falling due after more than one
year

7

(23,013

)

(38,419

)

PROVISIONS FOR LIABILITIES (6,527 ) (6,160 )
NET ASSETS 78,733 158,844

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 78,731 158,842
SHAREHOLDERS' FUNDS 78,733 158,844

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 RESOURCES LIMITED (REGISTERED NUMBER: 07583693)

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 RESOURCES LIMITED (REGISTERED NUMBER: 07583693)

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

1. STATUTORY INFORMATION

Lyndon Resources 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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 stocks 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 ) .

LYNDON RESOURCES LIMITED (REGISTERED NUMBER: 07583693)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 85,652
Additions 2,388
At 31 March 2024 88,040
DEPRECIATION
At 1 April 2023 53,233
Charge for year 8,701
At 31 March 2024 61,934
NET BOOK VALUE
At 31 March 2024 26,106
At 31 March 2023 32,419

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 7,304 8,838
Amounts owed by group undertakings 97,360 167,831
VAT 5,621 793
110,285 177,462

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,250 9,800
Hire purchase contracts 4,957 4,471
Tax 34,586 29,478
Accruals and deferred income 32,416 16,294
82,209 60,043

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 11,417 21,867
Hire purchase contracts 11,596 16,552
23,013 38,419

LYNDON RESOURCES LIMITED (REGISTERED NUMBER: 07583693)

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

8. RELATED PARTY DISCLOSURES

Ultimate Holding Company and Control
Lyndon Resources Ltd is a 100% subsidiary of Lyndon Property Holding Ltd, a company registered in England and Wales. The directors are of the opinion that Lyndon Property Holding Ltd is the holding company of Lyndon Resources Ltd,

Group Dividend
Lyndon Resources Ltd paid a dividend of £150,000 to Lyndon Property Holding Ltd in the year under review (2023: £66,000).

Intra Group Charges
Lyndon Subcontractors Ltd is also a 100% subsidiary of Lyndon Property Holding Ltd. Lyndon Subcontractors Ltd exists to contract with and provide construction industry labour services to Lyndon Resources Ltd on its construction contracts. Lyndon Subcontractors Ltd contracts directly with the suppliers of subcontractor labour services and has an agreement with Lyndon Resources Ltd that it will charge that company for the cost of the services provided by way of service charge. In the year under review Lyndon Resources Ltd paid Lyndon Subcontractors Ltd £537,701 (2023: £484,936) for service charges relating to the labour services provided.