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REGISTERED NUMBER: 11914569 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2023 to 30 September 2024

for

Lymington Limited

Lymington Limited (Registered number: 11914569)






Contents of the Financial Statements
for the Period 1 April 2023 to 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Lymington Limited

Company Information
for the Period 1 April 2023 to 30 September 2024







DIRECTOR: Mrs T L Cuthbert





REGISTERED OFFICE: Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ





REGISTERED NUMBER: 11914569 (England and Wales)





ACCOUNTANTS: Thompsons Accountancy Services Limited
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ

Lymington Limited (Registered number: 11914569)

Statement of Financial Position
30 September 2024

30.9.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 600,000 600,000

CURRENT ASSETS
Debtors 6 3,845 5,664
Cash at bank 7 1
3,852 5,665
CREDITORS
Amounts falling due within one year 7 11,107 12,144
NET CURRENT LIABILITIES (7,255 ) (6,479 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

592,745

593,521

CREDITORS
Amounts falling due after more than one
year

8

383,081

383,502
NET ASSETS 209,664 210,019

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 222,769 222,769
Retained earnings (13,205 ) (12,850 )
209,664 210,019

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Lymington Limited (Registered number: 11914569)

Statement of Financial Position - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2025 and were signed by:





Mrs T L Cuthbert - Director


Lymington Limited (Registered number: 11914569)

Notes to the Financial Statements
for the Period 1 April 2023 to 30 September 2024

1. STATUTORY INFORMATION

Lymington 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents income from holiday property rentals, excluding value added tax.

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.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

Lymington Limited (Registered number: 11914569)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 September 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 30 September 2024 600,000
NET BOOK VALUE
At 30 September 2024 600,000
At 31 March 2023 600,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2022 222,769
Cost 377,231
600,000

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

30.9.24 31.3.23
£    £   
Cost 377,231 377,231

The investment property was valued on an open market basis on 29 July 2025 by Mr Cuthbert .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 31.3.23
£    £   
Amounts owed by group undertakings 3,845 5,664

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 31.3.23
£    £   
Bank loans and overdrafts (see note 9) 9,163 10,500
Accrued expenses 1,944 1,644
11,107 12,144

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 31.3.23
£    £   
Bank loans (see note 9) 383,081 383,502

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 381,261 380,702

Lymington Limited (Registered number: 11914569)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 September 2024

9. LOANS

The loan is secured on the investment property known as 15 Captains Row, Lymington, SO14 9RP.

10. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 30 September 2024 222,769

11. CHARGES

There is a charge created on 6th September 2019 over the property owned by Lymington Limited in favour of Lendco Limited.