Lyne Place Management Limited 00950970 true 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is the holding of the freehold property Lyne Place Manor. Digita Accounts Production Advanced 6.30.9574.0 true 00950970 2023-10-01 2024-09-30 00950970 2024-09-30 00950970 core:ShareCapital 2024-09-30 00950970 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-30 00950970 core:PlantMachinery 2024-09-30 00950970 bus:SmallEntities 2023-10-01 2024-09-30 00950970 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 00950970 bus:FilletedAccounts 2023-10-01 2024-09-30 00950970 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 00950970 bus:RegisteredOffice 2023-10-01 2024-09-30 00950970 bus:Director15 2023-10-01 2024-09-30 00950970 bus:EntityNoLongerTradingButTradedInPast 2023-10-01 2024-09-30 00950970 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00950970 core:PlantMachinery 2023-10-01 2024-09-30 00950970 countries:EnglandWales 2023-10-01 2024-09-30 00950970 2023-09-30 00950970 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 00950970 core:PlantMachinery 2023-09-30 00950970 2022-10-01 2023-09-30 00950970 2023-09-30 00950970 core:ShareCapital 2023-09-30 00950970 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 00950970 core:PlantMachinery 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 00950970

Lyne Place Management Limited

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 30 September 2024

 

Lyne Place Management Limited

(Registration number: 00950970)
Statement of Financial Position as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

12,600

12,600

Capital and reserves

 

Called up share capital

12,600

12,600

Shareholders' funds

 

12,600

12,600

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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; and

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

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 15 May 2025 and signed on its behalf by:
 

.........................................
Mrs M Mawle
Director

 

Lyne Place Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Heritage Management Ltd, Paxton House Waterhouse Lane, Kingswood, Tadworth, Surrey, KT20 6EJ.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Service charges

The company is responsible for the management of Lyne Place Manor and collects service charges from lessees in order to fund expenditure incurred in the management of the property. These service charge funds are held in trust for the lessees as required by the Landlord and Tenant Act 1987. Transactions relating to the management of the property are reported separately to the lessees and are excluded from the company's financial statements.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

 

Lyne Place Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

Due to the nature of the company’s activities there were no employees in the current or previous year

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 October 2023

12,500

1,500

14,000

At 30 September 2024

12,500

1,500

14,000

Depreciation

At 1 October 2023

-

1,400

1,400

At 30 September 2024

-

1,400

1,400

Carrying amount

At 30 September 2024

12,500

100

12,600

At 30 September 2023

12,500

100

12,600