Lindle Holdings Limited 10623275 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is a holding company. Digita Accounts Production Advanced 6.30.9574.0 true false 10623275 2024-01-01 2024-12-31 10623275 2024-12-31 10623275 core:RetainedEarningsAccumulatedLosses 2024-12-31 10623275 core:ShareCapital 2024-12-31 10623275 core:CurrentFinancialInstruments 2024-12-31 10623275 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 10623275 bus:SmallEntities 2024-01-01 2024-12-31 10623275 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 10623275 bus:FilletedAccounts 2024-01-01 2024-12-31 10623275 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10623275 bus:RegisteredOffice 2024-01-01 2024-12-31 10623275 bus:Director1 2024-01-01 2024-12-31 10623275 bus:Director2 2024-01-01 2024-12-31 10623275 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10623275 countries:EnglandWales 2024-01-01 2024-12-31 10623275 core:CostValuation 2023-12-31 10623275 2023-01-01 2023-12-31 10623275 2023-12-31 10623275 core:RetainedEarningsAccumulatedLosses 2023-12-31 10623275 core:ShareCapital 2023-12-31 10623275 core:CurrentFinancialInstruments 2023-12-31 10623275 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 10623275

Lindle Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

Pages for filing with Registrar

 

Lindle Holdings Limited

Contents


 

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Lindle Holdings Limited

Company Information


 

Directors

Mr P G Turner

Mr I A Ashton

Registered office

Thomas House
Meadowcroft Business Park
Pope Lane
Whitestake
Lancashire
PR4 4AZ

 

Lindle Holdings Limited

(Registration number: 10623275)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

201

201

Current assets

 

Debtors

5

494,177

984,025

Cash at bank and in hand

 

1,200,000

320,000

 

1,694,177

1,304,025

Creditors: Amounts falling due within one year

6

(41,219)

(76,998)

Net current assets

 

1,652,958

1,227,027

Net assets

 

1,653,159

1,227,228

Capital and reserves

 

Called up share capital

200

200

Retained earnings

1,652,959

1,227,028

Shareholders' funds

 

1,653,159

1,227,228

 

Lindle Holdings Limited

(Registration number: 10623275)
Balance Sheet as at 31 December 2024 (continued)

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 January 2025 and signed on its behalf by:
 

.........................................
Mr P G Turner
Director

 

Lindle Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Thomas House
Meadowcroft Business Park
Pope Lane
Whitestake
Lancashire
PR4 4AZ

The principal place of business is:
Larch House
Lindle Business Park
Lindle Lane
Hutton
Preston
PR4 4AQ

These financial statements were authorised for issue by the Board on 29 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

The financial statements have been prepared under the historical cost convention, except for modification to a fair value basis for certain fixed assets, as specified in the accounting policies below.

The company's presentational currency is pounds sterling.

Group accounts not prepared

The financial statements contain information about Lindle Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 399 of the Companies Act 2006 not to prepare consolidated financial statements.

 

Lindle Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Lindle Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
The Company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company’s statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and liability simultaneously.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. As equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Lindle Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4

Investments

2024
£

2023
£

Investments in subsidiaries

201

201

Subsidiaries

£

Cost or valuation

At 1 January 2024

201

Provision

Carrying amount

At 31 December 2024

201

At 31 December 2023

201

5

Debtors

2024
£

2023
£

Amounts owed by related parties

494,177

984,025

494,177

984,025

Details of non-current trade and other debtors

£314,241 (2023 -£241,647) of Receivable from related parties is classified as non current.

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Amounts due to related parties

413

-

Other payables

39,510

75,702

Accruals

1,296

1,296

41,219

76,998