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Registration number: 07629219

Lynver Developments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Lynver Developments Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Lynver Developments Limited

Company Information

Director

DJ Lynch

Company secretary

DJ Lynch

Registered office

The Haulage Yard
Dial Post
Horsham
West Sussex
RH13 8NY

Accountants

Chisnall Comer Ismail and Co
Chartered AccountantsMaria House
35 Millers Road
Brighton
BN1 5NP

 

Lynver Developments Limited

(Registration number: 07629219)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Investment property

4

380,000

380,000

Investments

5

50

50

 

380,050

380,050

Current assets

 

Debtors

6

95,542

94,382

Cash at bank and in hand

 

1,213

1,218

 

96,755

95,600

Creditors: Amounts falling due within one year

7

(196,771)

(197,062)

Net current liabilities

 

(100,016)

(101,462)

Total assets less current liabilities

 

280,034

278,588

Creditors: Amounts falling due after more than one year

7

(215,325)

(215,325)

Provisions for liabilities

(7,541)

(7,541)

Net assets

 

57,168

55,722

Capital and reserves

 

Called up share capital

10

2

2

Other reserves

76,489

76,489

Retained earnings

(19,323)

(20,769)

Shareholders' funds

 

57,168

55,722

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Lynver Developments Limited

(Registration number: 07629219)
Balance Sheet as at 31 March 2025

Approved and authorised by the director on 13 August 2025



 

.........................................

DJ Lynch

Company secretary and director

 

Lynver Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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:
The Haulage Yard
Dial Post
Horsham
West Sussex
RH13 8NY

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

The financial statements, are prepared in sterling, which is the functional currency of the company.
Monetary amounts in these financial statements are rounded to the nearest £1.

These financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

Judgements

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Revenue recognition

Revenue represents rents receivable by the company, recognised on an accruals basis.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Lynver Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the year end date. The surplus or deficit on revaluation is recognised in the income statement.

Investments

Interests in jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

 

Lynver Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Investment properties

2025
£

At 1 April 2024

380,000

At 31 March 2025

380,000

Investment property comprises residential property and is stated at fair value. The fair value of the investment property has been arrived at on the basis of a valuation carried out at the year end by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

The historic cost of investment property is £295,970 (2024: £295,970)

5

Investments

2025
£

2024
£

Investments in associates

50

50

Associates

£

Cost

At 1 April 2024

50

Provision

Carrying amount

At 31 March 2025

50

At 31 March 2024

50

6

Debtors

Note

2025
£

2024
£

Amounts owed by related parties

92,712

92,712

Other debtors

 

2,830

1,670

 

95,542

94,382

 

Lynver Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

193,301

193,301

Accruals and deferred income

 

2,640

2,580

Other creditors

 

830

1,181

 

196,771

197,062

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

215,325

215,325

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

215,325

215,325

9

Dividends

2025

2024

£

£

Interim dividend of £Nil (2024 - £500.00) per ordinary share

-

1,000

 

 

10

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2