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REGISTERED NUMBER: 11064223 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Lindsey Energy (Lincolnshire) Limited

Lindsey Energy (Lincolnshire) Limited (Registered number: 11064223)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lindsey Energy (Lincolnshire) Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Sir O Thorold
J Patrick





REGISTERED OFFICE: Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ





REGISTERED NUMBER: 11064223 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ

Lindsey Energy (Lincolnshire) Limited (Registered number: 11064223)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 707,994 772,357
Tangible assets 5 2,057,826 2,160,412
2,765,820 2,932,769

CURRENT ASSETS
Debtors 6 67,545 417,890
Cash at bank 168,473 250,613
236,018 668,503
CREDITORS
Amounts falling due within one year 7 248,656 292,114
NET CURRENT (LIABILITIES)/ASSETS (12,638 ) 376,389
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,753,182

3,309,158

CREDITORS
Amounts falling due after more than one
year

8

(135,907

)

(196,359

)

PROVISIONS FOR LIABILITIES (206,261 ) (201,624 )
NET ASSETS 2,411,014 2,911,175

CAPITAL AND RESERVES
Called up share capital 10 800,100 1,550,100
Retained earnings 1,610,914 1,361,075
SHAREHOLDERS' FUNDS 2,411,014 2,911,175

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 29 August 2025 and were signed on its behalf by:




J Patrick - Director


Lindsey Energy (Lincolnshire) Limited (Registered number: 11064223)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Lindsey Energy (Lincolnshire) 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of eighteen years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fencing - 10% on cost
Metering - 33.33% straight line/25% red'g balance
Solar panels - 15% straight line
CCTV - 25% on reducing balance

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

Lindsey Energy (Lincolnshire) Limited (Registered number: 11064223)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2023
and 30 November 2024 1,158,535
AMORTISATION
At 1 December 2023 386,178
Charge for year 64,363
At 30 November 2024 450,541
NET BOOK VALUE
At 30 November 2024 707,994
At 30 November 2023 772,357

5. TANGIBLE FIXED ASSETS
Land and
Buildings Fencing Metering
£    £    £   
COST
At 1 December 2023
and 30 November 2024 427,014 114,961 26,589
DEPRECIATION
At 1 December 2023 - 69,231 10,579
Charge for year - 11,496 1,755
At 30 November 2024 - 80,727 12,334
NET BOOK VALUE
At 30 November 2024 427,014 34,234 14,255
At 30 November 2023 427,014 45,730 16,010

Solar
panels CCTV Totals
£    £    £   
COST
At 1 December 2023
and 30 November 2024 2,199,915 8,875 2,777,354
DEPRECIATION
At 1 December 2023 529,935 7,197 616,942
Charge for year 87,997 1,338 102,586
At 30 November 2024 617,932 8,535 719,528
NET BOOK VALUE
At 30 November 2024 1,581,983 340 2,057,826
At 30 November 2023 1,669,980 1,678 2,160,412

Lindsey Energy (Lincolnshire) Limited (Registered number: 11064223)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,924 -
Other debtors 61,621 417,890
67,545 417,890

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 34,315 33,204
Trade creditors 633 211
Taxation and social security 125,055 147,548
Other creditors 88,653 111,151
248,656 292,114

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 109,508 142,073
Other creditors 26,399 54,286
135,907 196,359

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 143,823 175,277

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
800,000 Ordinary Redeemable £1 800,000 1,550,000
800,100 1,550,100