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Registered number: 04350728
Lincoln Holland Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Shore Accounting Ltd
4 Mason's Yard
177 Westbourne Street
Hove
BN3 5FB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04350728
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 48,287,974 48,386,463
Investments 5 10,000 -
48,297,974 48,386,463
CURRENT ASSETS
Debtors 6 13,233,564 11,707,380
Cash at bank and in hand 170,157 687,336
13,403,721 12,394,716
Creditors: Amounts Falling Due Within One Year 7 (8,321,372 ) (8,349,359 )
NET CURRENT ASSETS (LIABILITIES) 5,082,349 4,045,357
TOTAL ASSETS LESS CURRENT LIABILITIES 53,380,323 52,431,820
Creditors: Amounts Falling Due After More Than One Year 8 (23,244,458 ) (23,258,969 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (2,600,181 ) (2,615,155 )
NET ASSETS 27,535,684 26,557,696
CAPITAL AND RESERVES
Called up share capital 10 2 2
Fair value reserve 11 18,650,724 18,650,724
Profit and Loss Account 8,884,958 7,906,970
SHAREHOLDERS' FUNDS 27,535,684 26,557,696
Page 1
Page 2
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Willis
Director
12/03/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lincoln Holland Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04350728 . The registered office is 4 Mason's Yard, 177 Westbourne Street, Hove, East Sussex, BN3 5FB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes rental income and other associated income received. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Revalued annually
Fixtures & Fittings 10% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2024 47,432,097 1,992,474 49,424,571
Additions - 30,526 30,526
Disposals (30,526 ) - (30,526 )
As at 31 January 2025 47,401,571 2,023,000 49,424,571
Depreciation
As at 1 February 2024 - 1,038,108 1,038,108
Provided during the period - 98,489 98,489
As at 31 January 2025 - 1,136,597 1,136,597
Net Book Value
As at 31 January 2025 47,401,571 886,403 48,287,974
As at 1 February 2024 47,432,097 954,366 48,386,463
5. Investments
Unlisted
£
Cost
As at 1 February 2024 -
Additions 10,000
As at 31 January 2025 10,000
Provision
As at 1 February 2024 -
As at 31 January 2025 -
Net Book Value
As at 31 January 2025 10,000
As at 1 February 2024 -
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 704,545 555,411
Amounts owed by associates 12,529,019 11,151,969
13,233,564 11,707,380
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 69 (1 )
Bank loans and overdrafts 14,167 48,960
Corporation tax 139,584 108,813
VAT 14,200 14,200
Other creditors 87,182 239,437
Accruals and deferred income 189,133 3,000
Directors' loan accounts 1,238,098 1,481,011
Amounts owed to associates 6,638,939 6,453,939
8,321,372 8,349,359
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 23,244,458 23,258,969
9. Deferred Taxation
The provision for deferred taxation is in respect of the revaluation and statement at fair value of property. Although the fair value has not changed in the year, as the rate of corporation tax has changed, the provision has been amended to account for this.
2025 2024
£ £
Other timing differences 2,600,181 2,615,155
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
11. Reserves
Fair Value Reserve
£
As at 1 February 2024 18,650,724
As at 31 January 2025 18,650,724
Page 5
Page 6
12. Related Party Transactions
During the year, the company granted loans to various other companies. These loans are unsecured, interest free and repayable on demand, unless other conditions are stated below. The balances outstanding at the year end were as follows:
Loans to companies in which the shareholders of Lincoln Holland Holdings Ltd are the only shareholders:
£231,646 (2024: £304,646)
Loans to companies in which the shareholders of Lincoln Holland Holdings Ltd own over 50% of the shares:
£7,232,658 (2024: £5,810,513)
Loans to companies in which the shareholders of Lincoln Holland Holdings Ltd do not have control but hold significant influence:
£5,064,715 (2024: £5,036,807)
During the year, the company received loans from various other companies. These loans are unsecured, interest free and repayable on demand. The balances outstanding at the year end were as follows:
Loans from companies in which the shareholders of Lincoln Holland Holdings Ltd are the only shareholders:
£0 (2024: £3,084,939)
Loans from companies in which the shareholders of Lincoln Holland Holdings Ltd own over 50% of the shares:
£5,000 (2024: £1,604,000)
Loans from companies in which the shareholders of Lincoln Holland Holdings Ltd do not have control but hold significant influence:
£6,633,939 (2024: £1,765,000)
Page 6