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Registered number: 03969515
Lincombe Storage Limited
Unaudited Financial Statements
For the Period 1 March 2024 to 31 March 2025
Lincombe Storage Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2—3

Page 1
Lincombe Storage Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 03969515

| 31 March 2025 | 29 February 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 7 |  | 10
|  |  | 7 |  | 10
CURRENT ASSETS
Debtors | 5 | 3,819 |  | - |
Cash at bank and in hand |  | 10,682 |  | 15,071 |
|  | 14,501 |  | 15,071 |
Creditors: Amounts Falling Due Within One Year | 6 | (2,500 ) |  | (4,070 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 12,001 |  | 11,001
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 12,008 |  | 11,011
NET ASSETS |  |  | 12,008 |  | 11,011
CAPITAL AND RESERVES
Called up share capital | 7 |  | 4 |  | 4
Profit and Loss Account |  |  | 12,004 |  | 11,007
SHAREHOLDERS' FUNDS |  |  | 12,008 |  | 11,011

For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr R F Gatehouse Director
17 November 2025

The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Lincombe Storage Limited
Notes to the Financial Statements
For the Period 1 March 2024 to 31 March 2025
Notes to the Financial Statements
1. General Information
Lincombe Storage Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03969515 . The registered office is Lincombe, Salcombe, Kingsbridge, Devon , TQ8 8NG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 25% reducing balance basis

2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2024: 1)
1 1
Page 2
Page 3
Lincombe Storage Limited
Notes to the Financial Statements (continued)
For the Period 1 March 2024 to 31 March 2025
4. Tangible Assets

| Plant & Machinery
--- | ---
| £
Cost
As at 1 March 2024 | 1,243
As at 31 March 2025 | 1,243
Depreciation
As at 1 March 2024 | 1,233
Provided during the period | 3
As at 31 March 2025 | 1,236
Net Book Value
As at 31 March 2025 | 7
As at 1 March 2024 | 10

5. Debtors

| 31 March 2025 |  | 29 February 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 3,819 |  | -

6. Creditors: Amounts Falling Due Within One Year

| 31 March 2025 |  | 29 February 2024
--- | --- | --- | ---
| £ |  | £
Other creditors | 1,094 |  | 1,455
Taxation and social security | 1,406 |  | 2,615
| 2,500 |  | 4,070

7. Share Capital

| 31 March 2025 |  | 29 February 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 4 |  | 4

8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 March 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 March 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Richard Gatehouse | 436 | (33,923 ) | 22,654 | - | 10,833

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