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REGISTERED NUMBER: 02046913 (England and Wales)















LINDRICK BUSINESS SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






LINDRICK BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 02046913)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 6


LINDRICK BUSINESS SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: P D Childs
C A Childs





SECRETARY: D M Childs





REGISTERED OFFICE: 14 London Road
Newark
Nottinghamshire
NG24 1TW





REGISTERED NUMBER: 02046913 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

LINDRICK BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 02046913)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 19,584 24,375
Investment property 5 5,125,000 4,759,000
5,144,584 4,783,375

CURRENT ASSETS
Debtors 6 37,791 31,240
Investments 7 362,870 -
Cash at bank 272,683 362,750
673,344 393,990
CREDITORS
Amounts falling due within one year 8 389,589 460,028
NET CURRENT ASSETS/(LIABILITIES) 283,755 (66,038 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,428,339 4,717,337

PROVISIONS FOR LIABILITIES 305,362 283,011
NET ASSETS 5,122,977 4,434,326

CAPITAL AND RESERVES
Called up share capital 10 651,000 651,000
Fair value reserve 11 1,420,284 1,238,570
Retained earnings 3,051,693 2,544,756
SHAREHOLDERS' FUNDS 5,122,977 4,434,326

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 14 April 2025 and were signed on its behalf by:




P D Childs - Director


LINDRICK BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 02046913)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Lindrick Business Services Limited is a private company, limited by shares , registered in England and Wales. 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.

Revenue
Revenue represents net invoiced sales of goods and services excluding value added tax.

Revenue generated from the investment properties is recognised for the relevant period in which the properties are let.

Revenue generated from other investments is recognised when the income becomes unconditionally receivable by the entity.

All revenue is only recognised when it can be measured reliably, it is probable that economic benefits associated with the transaction will flow to the entity and the costs incurred, or to be incurred, associated with the transaction can be measured reliably.

Property, plant and equipment
Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Plant & machinery - 25% Reducing balance

Investments
Investments are shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

LINDRICK BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 02046913)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Leasing commitments
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Motor
vehicles
£   
COST
At 1 January 2024 29,250
Additions 1,330
At 31 December 2024 30,580
DEPRECIATION
At 1 January 2024 4,875
Charge for year 6,121
At 31 December 2024 10,996
NET BOOK VALUE
At 31 December 2024 19,584
At 31 December 2023 24,375

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 4,759,000
Additions 67,109
Disposals (347,000 )
Revaluations 645,891
At 31 December 2024 5,125,000
NET BOOK VALUE
At 31 December 2024 5,125,000
At 31 December 2023 4,759,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2006 707,457
Valuation in 2009 (709,116 )
Valuation in 2015 360,000
Valuation in 2018 312,500
Valuation in 2021 481,625
Valuation in 2024 573,181
Cost 3,399,353
5,125,000

Investment properties were valued on an open market basis on 31 December 2024 by the directors .

LINDRICK BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 02046913)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,046 29,185
Other debtors 1,745 2,055
37,791 31,240

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 362,870 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 151,249 106,037
Taxation and social security 89,806 99,601
Other creditors 148,534 254,390
389,589 460,028

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 8,822 -
Between one and five years 25,729 -
34,551 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
650,000 Redeemable Preference £1 650,000 650,000
125 A Ordinary £1 125 125
125 B Ordinary £1 125 125
499 C Ordinary £1 499 499
126 D Ordinary £1 126 126
125 E Ordinary £1 125 125
651,000 651,000

LINDRICK BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 02046913)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

11. RESERVES
Fair
value
reserve
£   
At 1 January 2024 1,238,570
Revaluation in year 204,065
Deferred tax (22,351 )

At 31 December 2024 1,420,284

The aggregate surplus on re-measurement of investment properties and freehold properties, net of associated deferred tax, is transferred to a separate non-distributable revaluation reserve in order to assist with the identification of profits available for distribution.