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REGISTERED NUMBER: SC060719 (Scotland)















Lyndhurst Holdings Limited

Unaudited Financial Statements for the Year Ended 30 November 2024






Lyndhurst Holdings Limited (Registered number: SC060719)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lyndhurst Holdings Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: R M Addis
P A Addis
N M Addis



SECRETARY: P A Addis



REGISTERED OFFICE: Lyndhurst
5 Marchfield Grove
Edinburgh
EH4 5BN



REGISTERED NUMBER: SC060719 (Scotland)



ACCOUNTANTS: Gibson McKerrell Burrows Limited
28 Rutland Square
Edinburgh
EH1 2BW



BANKERS: Handelsbanken
40 Torphichen Street
Edinburgh
EH3 8JB

Lyndhurst Holdings Limited (Registered number: SC060719)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,172
Investment property 5 1,345,000 1,345,000
1,345,000 1,346,172

CURRENT ASSETS
Debtors 6 - 1,080
Cash at bank 536,604 540,796
536,604 541,876
CREDITORS
Amounts falling due within one year 7 30,262 27,945
NET CURRENT ASSETS 506,342 513,931
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,851,342

1,860,103

PROVISIONS FOR LIABILITIES 8 101,654 101,654
NET ASSETS 1,749,688 1,758,449

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Share premium 9 5,944 5,944
Revaluation reserve 9 988,083 988,083
Retained earnings 9 745,661 754,422
1,749,688 1,758,449

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 12 February 2025 and were signed on its behalf by:





R M Addis - Director


Lyndhurst Holdings Limited (Registered number: SC060719)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Lyndhurst Holdings Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition
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
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings - 20% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Lyndhurst Holdings Limited (Registered number: SC060719)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

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.

Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 14,775
DEPRECIATION
At 1 December 2023 13,603
Charge for year 1,172
At 30 November 2024 14,775
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 1,172

Lyndhurst Holdings Limited (Registered number: SC060719)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 1,345,000
NET BOOK VALUE
At 30 November 2024 1,345,000
At 30 November 2023 1,345,000

Fair value at 30 November 2024 is represented by:
£   
Valuation in 1999 363,637
Valuation in 2003 53,600
Valuation in 2007 342,550
Valuation in 2013 (106,850 )
Valuation in 2018 202,600
Valuation in 2023 215,000
Cost 274,463
1,345,000

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

30.11.24 30.11.23
£    £   
Cost 274,463 274,463

Investment properties were valued on an open market basis on 30 November 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Prepayments - 1,080

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Corporation tax 20,439 21,391
Directors' current accounts 3 -
Accrued expenses 9,820 6,554
30,262 27,945

8. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£    £   
Deferred tax 101,654 101,654

Deferred
tax
£   
Balance at 1 December 2023 101,654
Balance at 30 November 2024 101,654

Lyndhurst Holdings Limited (Registered number: SC060719)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

9. RESERVES
Retained Share Revaluation
earnings premium reserve Totals
£    £    £    £   

At 1 December 2023 754,422 5,944 988,083 1,748,449
Profit for the year 66,239 66,239
Dividends (75,000 ) (75,000 )
At 30 November 2024 745,661 5,944 988,083 1,739,688

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £75,000 (2023 - £70,000) were paid to the directors .

The company was under the control of the Addis family throughout the current and previous year.

At 30 November 2024, the company was due £3 (30 November 2023 - £nil) to Mr R Addis.
This loan is interest free with no fixed terms for repayment.