REGISTERED NUMBER: 03251892 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Lindsay Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S A Lindsay

SECRETARY:

B A Lindsay

REGISTERED OFFICE:

11 Chartmoor Road

Leighton Buzzard

Bedfordshire

LU7 4WG

REGISTERED NUMBER:

03251892 (England and Wales)

ACCOUNTANT:

Roberts Accountancy & Tax Limited

11 Chartmoor Road

Leighton Buzzard

Bedfordshire

LU7 4WG

FIXED ASSETS

Tangible assets

4

30,980

34,532

CURRENT ASSETS

Debtors

5

146,908

139,071

Cash at bank

2,116

3,115

149,024

142,186

CREDITORS

Amounts falling due within one year

6

(148,549

)

(136,900

)

NET CURRENT ASSETS

475

5,286

TOTAL ASSETS LESS CURRENT LIABILITIES

31,455

39,818

CREDITORS

Amounts falling due after more than one year

7

(31,281

)

(39,622

)

NET ASSETS

174

196

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

74

96

SHAREHOLDERS' FUNDS

174

196

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 20 June 2025 and were signed by:

S A Lindsay - Director

1.	STATUTORY INFORMATION

Lindsay Properties 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 October 2023

838

37,399

1,149

39,386

Additions

-

33,868

707

34,575

Disposals

-

(37,399

)

-

(37,399

)

At 30 September 2024

838

33,868

1,856

36,562

DEPRECIATION

At 1 October 2023

645

3,896

313

4,854

Charge for year

48

8,422

342

8,812

Eliminated on disposal

-

(8,084

)

-

(8,084

)

At 30 September 2024

693

4,234

655

5,582

NET BOOK VALUE

At 30 September 2024

145

29,634

1,201

30,980

At 30 September 2023

193

33,503

836

34,532

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

8,756

10,473

Other debtors

108,512

103,441

117,268

113,914

Amounts falling due after more than one year:

Other debtors

29,640

25,157

Aggregate amounts

146,908

139,071

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

46,502

44,242

Hire purchase contracts

5,113

4,136

Trade creditors

5,100

9,738

Amounts owed to related undertakings

8,546

918

Taxation and social security

76,845

74,791

Other creditors

6,443

3,075

148,549

136,900

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

5,333

13,333

Hire purchase contracts

25,948

26,289

31,281

39,622

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdrafts

38,502

36,242

Bank loans

13,333

21,333

Hire purchase contracts

31,061

30,425

82,896

88,000

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024

2023

£

£

S A Lindsay

Balance outstanding at start of year

89,587

80,036

Amounts advanced

13,793

9,551

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

103,380

89,587

10.	RELATED PARTY DISCLOSURES

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S A Lindsay.