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REGISTERED NUMBER: 04669666 (England and Wales)







Abridged Financial Statements for the Year Ended 31st March 2024

for

Lincolnshire Developments Limited

Lincolnshire Developments Limited (Registered number: 04669666)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Lincolnshire Developments Limited

Company Information
for the Year Ended 31st March 2024







DIRECTOR: S C Brown





REGISTERED OFFICE: Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU





REGISTERED NUMBER: 04669666 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

Lincolnshire Developments Limited (Registered number: 04669666)

Abridged Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 850,000 850,000

CURRENT ASSETS
Debtors 26,000 26,000
Cash at bank 28,691 27,548
54,691 53,548
CREDITORS
Amounts falling due within one year 118,286 122,252
NET CURRENT LIABILITIES (63,595 ) (68,704 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

786,405

781,296

CREDITORS
Amounts falling due after more than one
year

(636,926

)

(636,926

)

PROVISIONS FOR LIABILITIES (79,700 ) (60,572 )
NET ASSETS 69,779 83,798

CAPITAL AND RESERVES
Called up share capital 2 2
Non-distributable reserve 6 239,101 258,229
Retained earnings (169,324 ) (174,433 )
SHAREHOLDERS' FUNDS 69,779 83,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

Lincolnshire Developments Limited (Registered number: 04669666)

Abridged Balance Sheet - continued
31st March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18th November 2024 and were signed by:





S C Brown - Director


Lincolnshire Developments Limited (Registered number: 04669666)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Lincolnshire Developments 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 as modified by the revaluation of certain assets.

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 and a transfer then made to non-distributable reserves.

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 NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 850,000
NET BOOK VALUE
At 31st March 2024 850,000
At 31st March 2023 850,000

Lincolnshire Developments Limited (Registered number: 04669666)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2006 218,801
Valuation in 2013 (150,000 )
Valuation in 2015 60,000
Valuation in 2017 120,000
Valuation in 2021 30,000
Valuation in 2022 40,000
Cost 531,199
850,000

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 531,199 531,199

Investment properties were valued on an open market basis on 31st March 2024 by the director .

5. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 636,926 636,926

Mortgages are secured on investment properties.

6. RESERVES
Non-distributable
reserve
£   
At 1st April 2023 258,229
No description (19,128 )

At 31st March 2024 239,101

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within creditors is a loan from the director. No interest was charged on the loan from Mr S C Brown during the year.