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REGISTERED NUMBER: 12462590 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

LINDMEAD TRADING LIMITED

LINDMEAD TRADING LIMITED (REGISTERED NUMBER: 12462590)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LINDMEAD TRADING LIMITED

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTOR: G P Gay





REGISTERED OFFICE: 30 Harbord Street
London
SW6 6PJ





REGISTERED NUMBER: 12462590 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

LINDMEAD TRADING LIMITED (REGISTERED NUMBER: 12462590)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 1,549,000 1,521,943

CURRENT ASSETS
Stocks 2,524,075 2,524,075
Debtors 5 172,754 146,169
Cash at bank 56,417 86,477
2,753,246 2,756,721
CREDITORS
Amounts falling due within one year 6 (1,314,133 ) (1,347,316 )
NET CURRENT ASSETS 1,439,113 1,409,405
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,988,113

2,931,348

CREDITORS
Amounts falling due after more than one
year

7

(2,610,000

)

(2,730,000

)
NET ASSETS 378,113 201,348

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 378,013 201,248
378,113 201,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2024 and were signed by:





G P Gay - Director


LINDMEAD TRADING LIMITED (REGISTERED NUMBER: 12462590)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024


1. STATUTORY INFORMATION

Lindmead Trading Limited is a limited company, registered in England and Wales. Its registered office address is 30 Hardbord Street, London, SW6 6PJ and the registered number is 12462590.

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.

The presentation currency of the financial statements is Sterling (£) and the figures are rounded to the nearest £1.

Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

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
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


LINDMEAD TRADING LIMITED (REGISTERED NUMBER: 12462590)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 May 2023 1,521,943
Additions 27,057
At 30 April 2024 1,549,000
NET BOOK VALUE
At 30 April 2024 1,549,000
At 30 April 2023 1,521,943

The fair value of the investment properties at 30 April 2024 have been considered by the director and it is his opinion that the market value at that date is not materially different from the carrying value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 48,832 6,779
Amounts owed by group undertakings 88,134 104,104
Other debtors 35,788 35,286
172,754 146,169

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 120,000 120,000
Trade creditors 10,313 4,377
Amounts owed to group undertakings 249,716 386,091
Taxation and social security 68,740 8,682
Other creditors 865,364 828,166
1,314,133 1,347,316

LINDMEAD TRADING LIMITED (REGISTERED NUMBER: 12462590)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 2,610,000 2,730,000

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,730,000 2,850,000

Bank loans are secured by a fixed charge and a negative pledge over the investment properties of the company.