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REGISTERED NUMBER: 10548667 (England and Wales)













Financial Statements

for the Year Ended 31 December 2024

for

Lincolnshire Flooring Holdings Limited

Lincolnshire Flooring Holdings Limited (by shares) (Registered number: 10548667)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2


Lincolnshire Flooring Holdings Limited (by shares)

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr Z C Jefferson



REGISTERED OFFICE: Outer Circle Road
LINCOLN
Lincolnshire
LN2 4HS



REGISTERED NUMBER: 10548667 (England and Wales)



ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



BANKERS: Clydesdale Bank
8-10 Guildhall Street
LINCOLN
Lincolnshire
LN1 1TT

Lincolnshire Flooring Holdings Limited (by shares) (Registered number: 10548667)

Balance Sheet
31 December 2024

31/12/24 31/12/23
£    £    £    £   
FIXED ASSETS 4,522,500 4,522,500

CURRENT ASSETS 6,915 10,969

CREDITORS
Amounts falling due within one year (412,422 ) (382,265 )
NET CURRENT LIABILITIES (405,507 ) (371,296 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,116,993

4,151,204

CREDITORS
Amounts falling due after more than
one year

(849,460

)

(1,224,103

)
NET ASSETS 3,267,533 2,927,101

CAPITAL AND RESERVES 3,267,533 2,927,101

NOTES TO THE FINANCIAL STATEMENTS

1. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 2 (2023 - 2 ) .

2. OTHER FINANCIAL COMMITMENTS

During the period ending 31 December 2017, the company issued £3,875,000 worth of floating rate secured loan notes to close relatives of Z C Jefferson, the director, to facilitate the purchase of shares, previously owned by them, in its two wholly owned subsidiaries. The agreement lasts until 2028, and interest is being paid on the loan at 3% over Bank of England base rate. Security has been given by the company comprising all assets in this, and the two subsidiaries, and control over any management decisions in all three companies. The amount owing on the loan notes at the year end was £1,222,189 (2023- £1,562,209).



Lincolnshire Flooring Holdings Limited (by shares) (Registered number: 10548667)

Balance Sheet - continued
31 December 2024


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 director acknowledges his 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 30 May 2025 and were signed by:





Mr Z C Jefferson - Director