REGISTERED NUMBER: 09287672 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

LYNRIDGE HOTEL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S S Takhar

Mrs I K Takhar

P S Takhar

SECRETARY:

Mrs I K Takhar

REGISTERED OFFICE:

114-116 Goodmayes Road

Ilford

Essex

IG3 9UZ

REGISTERED NUMBER:

09287672 (England and Wales)

AUDITORS:

Ashfords Partnership LLP

114-116 Goodmayes Road

Ilford

Esex

IG3 9UZ

FIXED ASSETS

Tangible assets

4

541,836

555,353

CURRENT ASSETS

Debtors

5

982,897

816,808

Cash at bank and in hand

66,776

17,604

1,049,673

834,412

CREDITORS

Amounts falling due within one year

6

99,419

67,666

NET CURRENT ASSETS

950,254

766,746

TOTAL ASSETS LESS CURRENT LIABILITIES

1,492,090

1,322,099

CREDITORS

Amounts falling due after more than one year

7

700,957

700,957

NET ASSETS

791,133

621,142

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

791,033

621,042

SHAREHOLDERS' FUNDS

791,133

621,142

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 1 September 2025 and were signed on its behalf by:

S S Takhar - Director

1.	STATUTORY INFORMATION

Lynridge Hotel Ltd 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.

Freehold property

-

2% on cost

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.

Going concern

The accounts have been prepared on going concern basis. The directors have concluded that the company will continue to receive adequate financial assistance from the Directors, Bankers and other creditors and fellow subsidiaries.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 July 2023

and 30 June 2024

675,823

DEPRECIATION

At 1 July 2023

120,470

Charge for year

13,517

At 30 June 2024

133,987

NET BOOK VALUE

At 30 June 2024

541,836

At 30 June 2023

555,353

5.

DEBTORS

30.6.24

30.6.23

£

£

Amounts falling due within one year:

Trade debtors

45,284

58,600

Other debtors

4,806

4,464

50,090

63,064

Amounts falling due after more than one year:

Amounts owed by group undertakings

879,807

700,744

Amounts owed by associates

53,000

53,000

932,807

753,744

Aggregate amounts

982,897

816,808

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.24

30.6.23

£

£

Trade creditors

6,931

4,618

Taxation and social security

73,675

44,923

Other creditors

18,813

18,125

99,419

67,666

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.24

30.6.23

£

£

Amounts owed to group undertakings

700,957

700,957

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.24

30.6.23

value:

£

£

100

Ordinary

1

100

100

9.

RESERVES

Retained

earnings

£

At 1 July 2023

621,042

Profit for the year

169,991

At 30 June 2024

791,033

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ashok M Shah (Senior Statutory Auditor)

for and on behalf of Ashfords Partnership LLP

11.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous year by the directors, Mr S S Takhar, and Mrs I K Takhar by virtue of their ownership of the majority issued share capital of SIP Group Limited, the parent company.