REGISTERED NUMBER: 00153872 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

LYNE FRANK & WAGSTAFF LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A M Janes

Ms Z A Lyne

J F Lyne

SECRETARY:

P C Hobday

REGISTERED OFFICE:

19 Cherry Hill

Barnet

Hertfordshire

EN5 1BB

REGISTERED NUMBER:

00153872 (England and Wales)

ACCOUNTANTS:

SRG Newmans Limited

Five Ways

57-59 Hatfield Road

Potters Bar

Hertfordshire

EN6 1HS

FIXED ASSETS

Investments

4

100

100

Investment property

5

4,425,000

4,425,000

4,425,100

4,425,100

CURRENT ASSETS

Debtors

6

551,264

559,244

Cash at bank

518,496

535,891

1,069,760

1,095,135

CREDITORS

Amounts falling due within one year

7

102,670

207,648

NET CURRENT ASSETS

967,090

887,487

TOTAL ASSETS LESS CURRENT LIABILITIES

5,392,190

5,312,587

CREDITORS

Amounts falling due after more than one year

8

-

(2,811

)

PROVISIONS FOR LIABILITIES

(6,756

)

(6,756

)

NET ASSETS

5,385,434

5,303,020

CAPITAL AND RESERVES

Called up share capital

9

27,601

27,601

Capital redemption reserve

2,399

2,399

Retained earnings

5,355,434

5,273,020

SHAREHOLDERS' FUNDS

5,385,434

5,303,020

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 23 September 2025 and were signed on its behalf by:

A M Janes - Director

1.	STATUTORY INFORMATION

Lyne Frank & Wagstaff 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 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.

Going concern

The directors believe that the company is experiencing good levels of rental income and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 June 2024

and 31 May 2025

100

NET BOOK VALUE

At 31 May 2025

100

At 31 May 2024

100

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

and 31 May 2025

4,425,000

NET BOOK VALUE

At 31 May 2025

4,425,000

At 31 May 2024

4,425,000

Fair value at 31 May 2025 is represented by:

£

Valuation in 2013

211,521

Valuation in 2022

290,000

Valuation in 2024

(474,499

)

Cost

4,397,978

4,425,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

550,000

558,665

Sundry debtors

1,264

579

551,264

559,244

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

33,491

63,384

Sundry creditors

69,179

144,264

102,670

207,648

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Sundry creditors

-

2,811

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

152,021

Ordinary

5p

7,601

7,601

20,000

Cumulative preference

£1

20,000

20,000

27,601

27,601

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £550,000 from 163 Tottenham Lane Ltd, a company owned by Lyne, Frank and Wagstaff Ltd.

11.	NON-DISTRIBUTABLE RESERVES

Included within reserves are non-distributable reserves amounting to £20,267 (2024: £20,267).