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Registered Number: 10674152
England and Wales

 

 

 

LYNN PROPERTY SOLUTIONS LTD


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
  2024   2023
    £ £   £ £
Fixed assets   2,352      2,243 
Current assets 5,248      5,172   
Prepayments and accrued income 290      248   
Creditors: amount falling due within one year (104,390)     (49,850)  
Net current assets   (98,852)     (44,430)
Total assets less current liabilities   (96,500)     (42,187)
Creditors: amount falling due after more than one year      
Net assets   (96,500)     (42,187)
 

         
Capital and reserves   (96,500)     (42,187)
 
NOTES TO THE ACCOUNTS

General Information
Lynn Property Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 10674152, registration address Flat 1 Sandpiper House, Leete Way, West Winch, Kings Lynn, Norfolk, England, PE33 0ST.

The presentation currency is £ sterling
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Going concern basis
The directors continue to support the company and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements and have agreed not to withdraw their funding within the next 12 months.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 33% Reducing Balance
2.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 April 2023   3,396    1,699    5,095 
Additions 419    434      853 
Disposals      
At 31 March 2024 419    3,830    1,699    5,948 
Depreciation
At 01 April 2023   1,947    905    2,852 
Charge for year 105    377    262    744 
On disposals      
At 31 March 2024 105    2,324    1,167    3,596 
Net book values
Closing balance as at 31 March 2024 314    1,506    532    2,352 
Opening balance as at 01 April 2023   1,449    794    2,243 


3.

Average number of employees including directors


Average number of employees during the year was 3 (2023 : 3).


For the year ended 31 March 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.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 13 March 2025 and were signed on its behalf by:


--------------------------------
Andrew Egan
Director
1