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REGISTERED NUMBER: 07658002 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Lincoln Grove Estates Limited

Lincoln Grove Estates Limited (Registered number: 07658002)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lincoln Grove Estates Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: J L Griffin





REGISTERED OFFICE: 6 Park Court
1-5 Pyrford Road
West Byfleet
Surrey
KT14 6SD





REGISTERED NUMBER: 07658002 (England and Wales)





ACCOUNTANTS: Turner & Co
Chartered Accountants
10a White Hart Parade
London Road
Blackwater
Camberley
Surrey
GU17 9AD

Lincoln Grove Estates Limited (Registered number: 07658002)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 716,348 679,028
Investments 5 338,000 338,000
1,054,348 1,017,028

CURRENT ASSETS
Debtors 6 4,837 5,388
Cash at bank 4,003 24,073
8,840 29,461
CREDITORS
Amounts falling due within one year 7 457,646 405,688
NET CURRENT LIABILITIES (448,806 ) (376,227 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

605,542

640,801

CREDITORS
Amounts falling due after more than
one year

8

(403,220

)

(432,443

)

PROVISIONS FOR LIABILITIES (39,116 ) (39,116 )
NET ASSETS 163,206 169,242

Lincoln Grove Estates Limited (Registered number: 07658002)

Balance Sheet - continued
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 163,205 169,241
SHAREHOLDERS' FUNDS 163,206 169,242

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 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 director and authorised for issue on 18 June 2025 and were signed by:





J L Griffin - Director


Lincoln Grove Estates Limited (Registered number: 07658002)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Lincoln Grove Estates 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents rents receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 balance sheet date.


Lincoln Grove Estates Limited (Registered number: 07658002)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 679,028 1,127 680,155
Additions 37,320 - 37,320
At 31 August 2024 716,348 1,127 717,475
DEPRECIATION
At 1 September 2023
and 31 August 2024 - 1,127 1,127
NET BOOK VALUE
At 31 August 2024 716,348 - 716,348
At 31 August 2023 679,028 - 679,028

Lincoln Grove Estates Limited (Registered number: 07658002)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 338,000
NET BOOK VALUE
At 31 August 2024 338,000
At 31 August 2023 338,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.8.24 31.8.23
£    £   
Other debtors 4,837 5,388

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 28,704 28,704
Taxation and social security (1,654 ) (2 )
Other creditors 430,596 376,986
457,646 405,688

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 44,099 66,434
Other creditors 359,121 366,009
403,220 432,443

Lincoln Grove Estates Limited (Registered number: 07658002)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.8.24 31.8.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Mortgage 299,121 306,009

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Mortgage 374,441 381,329

The mortgage is secured on the freehold property.