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REGISTERED NUMBER: SC188305 (Scotland)










Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Lindertis Company (South) Limited

Lindertis Company (South) Limited (Registered number: SC188305)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lindertis Company (South) Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr C H K Hopkinson
Mrs K A Hopkinson





SECRETARY: Messrs Thorntons WS





REGISTERED OFFICE: Whitehall House
33 Yeaman Shore
Dundee
DD1 4BJ





REGISTERED NUMBER: SC188305 (Scotland)





ACCOUNTANTS: Turner & Ellerby
Chartered Certified Accountants
5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ

Lindertis Company (South) Limited (Registered number: SC188305)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,157,365 1,161,738
Investment property 5 700,000 560,000
1,857,365 1,721,738

CURRENT ASSETS
Stocks 117,449 198,238
Debtors 6 99,978 27,212
Cash at bank and in hand 168,953 132,624
386,380 358,074
CREDITORS
Amounts falling due within one year 7 126,453 142,809
NET CURRENT ASSETS 259,927 215,265
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,117,292

1,937,003

PROVISIONS FOR LIABILITIES 8 87,736 37,600
NET ASSETS 2,029,556 1,899,403

CAPITAL AND RESERVES
Called up share capital 1 1
Share premium 9 1,210,000 1,210,000
Retained earnings 9 819,555 689,402
SHAREHOLDERS' FUNDS 2,029,556 1,899,403

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Lindertis Company (South) Limited (Registered number: SC188305)

Balance Sheet - continued
31 October 2024


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 Board of Directors and authorised for issue on 3 July 2025 and were signed on its behalf by:





Mr C H K Hopkinson - Director


Lindertis Company (South) Limited (Registered number: SC188305)

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

1. STATUTORY INFORMATION

Lindertis Company (South) Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

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.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Tractors - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Lindertis Company (South) Limited (Registered number: SC188305)

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

2. ACCOUNTING POLICIES - continued

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery Tractors Totals
£    £    £    £    £   
COST
At 1 November 2023 1,156,450 33,333 20,429 22,155 1,232,367
Additions - - 2,556 - 2,556
Disposals (4,400 ) - (3,650 ) - (8,050 )
At 31 October 2024 1,152,050 33,333 19,335 22,155 1,226,873
DEPRECIATION
At 1 November 2023 - 33,333 17,184 20,112 70,629
Charge for year - - 1,261 510 1,771
Eliminated on disposal - - (2,892 ) - (2,892 )
At 31 October 2024 - 33,333 15,553 20,622 69,508
NET BOOK VALUE
At 31 October 2024 1,152,050 - 3,782 1,533 1,157,365
At 31 October 2023 1,156,450 - 3,245 2,043 1,161,738

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 560,000
Revaluations 140,000
At 31 October 2024 700,000
NET BOOK VALUE
At 31 October 2024 700,000
At 31 October 2023 560,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2024 508,000
Cost 192,000
700,000

Lindertis Company (South) Limited (Registered number: SC188305)

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

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 192,000 192,000

Investment property was valued on an open market basis on 31 October 2024 by the Directors .

For the period ended 31 October 2024 the directors reviewed the valuation of the investment properties on an open market basis and were of the opinion that a revaluation adjustment was required to take the valuation to £700,000.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 81,818 14,023
VAT 16,542 11,468
Prepayments 1,618 1,721
99,978 27,212

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 44,446 44,062
Tax 6,498 3,687
Social security and other taxes 453 604
Directors' current accounts 12,531 39,472
Accruals and deferred income 15,210 10,631
Accrued expenses 47,315 44,353
126,453 142,809

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 87,736 37,600

Deferred
tax
£   
Balance at 1 November 2023 37,600
Charge to Income Statement during year 1,023
Revaluation of inv. property 49,113
Balance at 31 October 2024 87,736

Lindertis Company (South) Limited (Registered number: SC188305)

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

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 November 2023 689,402 1,210,000 1,899,402
Profit for the year 130,153 130,153
At 31 October 2024 819,555 1,210,000 2,029,555

Retained earnings



Distributable
Non -
Distributable

Total
£   £   £   
Retained earnings at 1 November 2023358,697330,705689,402
Profit for the year39,266(49,113)(9,847)
Revaluation-140,000140,000
Retained earnings at 31 October 2024397,963421,592819,555