Company No:
Contents
| Directors | R P Schneider |
| K Zambrano |
| Registered office | Springfield House |
| Springfield Road | |
| Horsham | |
| West Sussex | |
| RH12 2RG | |
| United Kingdom |
| Company number | 06817867 (England and Wales) |
| Accountant | Kreston Reeves LLP |
| Springfield House | |
| Springfield Road | |
| Horsham | |
| West Sussex | |
| RH12 2RG |
| Note | 2024 | 2023 | ||
| £ | £ | |||
| Fixed assets | ||||
| Investment property | 5 |
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| 1,500,000 | 1,500,000 | |||
| Current assets | ||||
| Debtors | 6 |
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| Cash at bank and in hand |
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| 33,887 | 39,495 | |||
| Creditors: amounts falling due within one year | 7 | (
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| Net current assets | 29,652 | 33,620 | ||
| Total assets less current liabilities | 1,529,652 | 1,533,620 | ||
| Creditors: amounts falling due after more than one year | 8 | (
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| Net assets |
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| Capital and reserves | ||||
| Called-up share capital |
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| Profit and loss account |
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| Total shareholder's funds |
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Directors' responsibilities:
The financial statements of Linden House Properties Limited (registered number:
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K Zambrano
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Linden House Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The registration number of the company is 06817867. The address of the Company's registered office is Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Revenue from a rental agreement is recognised in the period in which the rent relates and when all the following conditions are satisfied:
- there is a signed agreement in place with the tenant;
- the amount of revenue can be measured realiably.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
| Plant and machinery |
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| Fixtures and fittings |
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| Other property, plant and equipment |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
The fair value is determined annually by the directors, on an open market value for existing use basis.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
The company has investment property with a value of £1,500,000 at the reporting date. The fair value of the investment property has been determined by the directors on an open market value. They have used a valuation technique based on comparable market data. the determined fair value of the investment property is most sensitive to fluctuations in the property market.
| 2024 | 2023 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| Plant and machinery | Fixtures and fittings | Other property, plant and equipment |
Total | ||||
| £ | £ | £ | £ | ||||
| Cost | |||||||
| At 01 January 2024 |
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| At 31 December 2024 |
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| Accumulated depreciation | |||||||
| At 01 January 2024 |
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| At 31 December 2024 |
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| Net book value | |||||||
| At 31 December 2024 |
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| At 31 December 2023 |
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| Investment property | |
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| Valuation | |
| As at 01 January 2024 |
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| As at 31 December 2024 |
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Valuation
The 2024 valuations were made by the directors, on an open market value for existing use basis.
Historic cost
If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:
| 2024 | 2023 | ||
| £ | £ | ||
| Historic cost | 1,489,432 | 1,489,432 |
| 2024 | 2023 | ||
| £ | £ | ||
| Amounts owed by Parent undertakings |
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| Accrued income |
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| Deferred tax asset |
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| 2024 | 2023 | ||
| £ | £ | ||
| Trade creditors |
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| Corporation tax |
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| Other creditors |
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| 2024 | 2023 | ||
| £ | £ | ||
| Amounts owed to Parent undertakings |
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| 2024 | 2023 | ||
| £ | £ | ||
| At the beginning of financial year |
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| Credited to the Profit and Loss Account |
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| At the end of financial year |
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The deferred taxation balance is made up as follows:
| 2024 | 2023 | ||
| £ | £ | ||
| Tax losses carry forward |
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Mulberry Investments AG (Controlled by R P Schneider)
During the year the parent company continued to provide an interest free loan to the company. At the balance sheet date the amount owed to Mulberry Investments AG was £1,498,379 (2023: £1,498,379).
Parent Company:
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