Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-10-01falseNo description of principal activity22falsetrue 01254803 2023-10-01 2024-09-30 01254803 2022-10-01 2023-09-30 01254803 2024-09-30 01254803 2023-09-30 01254803 c:Director1 2023-10-01 2024-09-30 01254803 c:Director2 2023-10-01 2024-09-30 01254803 c:RegisteredOffice 2023-10-01 2024-09-30 01254803 d:PlantMachinery 2023-10-01 2024-09-30 01254803 d:PlantMachinery 2024-09-30 01254803 d:PlantMachinery 2023-09-30 01254803 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01254803 d:MotorVehicles 2023-10-01 2024-09-30 01254803 d:MotorVehicles 2024-09-30 01254803 d:MotorVehicles 2023-09-30 01254803 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01254803 d:FurnitureFittings 2023-10-01 2024-09-30 01254803 d:FurnitureFittings 2024-09-30 01254803 d:FurnitureFittings 2023-09-30 01254803 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01254803 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01254803 d:FreeholdInvestmentProperty 2024-09-30 01254803 d:FreeholdInvestmentProperty 2023-09-30 01254803 d:CurrentFinancialInstruments 2024-09-30 01254803 d:CurrentFinancialInstruments 2023-09-30 01254803 d:Non-currentFinancialInstruments 2024-09-30 01254803 d:Non-currentFinancialInstruments 2023-09-30 01254803 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 01254803 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 01254803 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 01254803 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 01254803 d:ShareCapital 2024-09-30 01254803 d:ShareCapital 2023-09-30 01254803 d:RetainedEarningsAccumulatedLosses 2024-09-30 01254803 d:RetainedEarningsAccumulatedLosses 2023-09-30 01254803 c:FRS102 2023-10-01 2024-09-30 01254803 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 01254803 c:FullAccounts 2023-10-01 2024-09-30 01254803 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01254803 6 2023-10-01 2024-09-30 01254803 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Company registration number: 01254803







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2024


LYNN LEWIS LIMITED






































                img0d34.png        

 


LYNN LEWIS LIMITED
 


 
COMPANY INFORMATION


Directors
Chris Murdoch 
Carol Murdoch 




Registered number
01254803



Registered office
Ferry Works
Ferry Lane

Shepperton On Thames

Middlesex

TW17 9LQ




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


LYNN LEWIS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


LYNN LEWIS LIMITED
REGISTERED NUMBER:01254803



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,754
5,005

Investments
 5 
58,446
58,446

Investment property
 6 
1,630,000
1,630,000

  
1,692,200
1,693,451

Current assets
  

Debtors: amounts falling due within one year
 7 
4,150,449
4,143,497

Cash at bank and in hand
  
10,254
48,996

  
4,160,703
4,192,493

Creditors: amounts falling due within one year
 8 
(114,715)
(2,108,277)

Net current assets
  
 
 
4,045,988
 
 
2,084,216

Total assets less current liabilities
  
5,738,188
3,777,667

Creditors: amounts falling due after more than one year
 9 
(1,956,786)
-

Provisions for liabilities
  

Deferred tax
  
(216,000)
(216,000)

  
 
 
(216,000)
 
 
(216,000)

Net assets
  
3,565,402
3,561,667


Capital and reserves
  

Called up share capital 
  
127,864
127,864

Profit and loss account
  
3,437,538
3,433,803

  
3,565,402
3,561,667


Page 1

 


LYNN LEWIS LIMITED
REGISTERED NUMBER:01254803


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Chris Murdoch
Director
Date: 4 April 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


LYNN LEWIS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Lynn Lewis Limited (01254803) is a private company limited by shares incorporated in England and Wales. The address of the registered office are provided in the company information page of these financial statements.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Rendering of services
Revenue from rental of properties and moorings are recognised in the period of rental or other services being provided.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 3

 


LYNN LEWIS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance and 10% straight line
Motor vehicles
-
25% straight line
Fixtures and fittings
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 4

 


LYNN LEWIS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).







4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 October 2023
5,000
13,254
54,441
72,695



At 30 September 2024

5,000
13,254
54,441
72,695



Depreciation


At 1 October 2023
3,417
9,832
54,441
67,690


Charge for the year on owned assets
396
855
-
1,251



At 30 September 2024

3,813
10,687
54,441
68,941



Net book value



At 30 September 2024
1,187
2,567
-
3,754



At 30 September 2023
1,583
3,422
-
5,005


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2023
58,446



At 30 September 2024
58,446




Page 5

 


LYNN LEWIS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
1,630,000



At 30 September 2024
1,630,000

The 2024 valuations were made by the directors, on an open market value for existing use basis, having taken due account of a valuation of the property carried out by independent chartered surveyors in March 2024.





7.


Debtors

2024
2023
£
£


Trade debtors
64
54

Amounts owed by group undertakings
4,150,385
4,141,683

Other debtors
-
1,760

4,150,449
4,143,497



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
54,833
2,053,212

Trade creditors
-
69

Amounts owed to group undertakings
18,842
6,842

Corporation tax
1,169
-

Other creditors
22,681
22,396

Accruals and deferred income
17,190
25,758

114,715
2,108,277


The bank loans and overdraft are secured by a fixed and floating charge over the company's assets and an unlimited cross guarantee from Nauticalia Limited and The Ferry Point Limited.

Page 6

 


LYNN LEWIS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,956,786
-

1,956,786
-


The bank loans and overdraft are secured by a fixed and floating charge over the company's assets and an unlimited cross guarantee from Nauticalia Limited and The Ferry Point Limited.

 
Page 7