Lingwood Holdings 2011 Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07599495

Lingwood Holdings 2011 Limited

Unaudited financial statements

30 December 2024

Lingwood Holdings 2011 Limited

Statement of financial position

30 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Investments	5		1,231,660		1,231,660

Current assets

Debtors	6	141,869	166,881
Cash at bank and in hand		43,334	42,422
		---------	---------
		185,203	209,303

Creditors: Amounts falling due within one year	7	( 128,495)		( 123,053)
		---------		---------
Net current assets			56,708		86,250
			-----------		-----------
Total assets less current liabilities			1,288,368		1,317,910
			-----------		-----------
Net assets			1,288,368		1,317,910
			-----------		-----------

Capital and reserves

Called up share capital	40,150	34,414
Share premium account	49,404	24,452
Capital redemption reserve	14,221	14,221
Profit and loss account	1,184,593	1,244,823
	-----------	-----------
Shareholders funds	1,288,368	1,317,910
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 15 September 2025 , and are signed on behalf of the board by:

I W Hope

Director

Company registration number: 07599495

Lingwood Holdings 2011 Limited

Notes to the financial statements

Year ended 30 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 7, 8 & 9 Tomo Business Park, Stowmarket, Suffolk, IP14 5EP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of employees during the year was 2 (2023: 2 ).

5. Investments

	Shares in group undertakings
	£
Cost
At 31 December 2023 and 30 December 2024	1,784,207
	-----------
Impairment
At 31 December 2023 and 30 December 2024	552,547
	-----------

Carrying amount
At 30 December 2024	1,231,660
	-----------
At 30 December 2023	1,231,660
	-----------

6. Debtors

	2024	2023
	£	£
Other debtors	141,869	166,881
	---------	---------

The debtors above include the following amounts falling due after more than one year:

	2024	2023
	£	£
Other debtors	4,198	4,198
	------	------

7. Creditors: Amounts falling due within one year

	2024	2023
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	10,000	50,000
Social security and other taxes	64,503	19,211
Other creditors	53,992	53,842
	---------	---------
	128,495	123,053
	---------	---------

8. Directors' advances, credits and guarantees

Included within debtors at the year end is a directors loan account of £136,504 (2023: £161,360). The maximum overdrawn balance during the year was £182,922 and interest of £3,958 was charged.