REGISTERED NUMBER: 02631079 (England and Wales)

Audited Financial Statements

for the Year Ended 31 March 2025

for

Investors In Lincoln Limited

Page

Company Information

1

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

Mr S A Beardsley

Mr D C Chambers

Mr K W Darwin

Mr C J Davie

Mr L Hughes

Mr C S Jackson

Mr D T Jackson

Mr S Jackson

Mr M J M Jolly

Mr R M Jolly

Mr H F F Kok

Mr K J Laidler

Mr J W Lockwood

Mrs N S Worboys

Mr F E Chambers

Ms A M Gray

Ms V A Addison

Ms C E Steele

Mr K C Kendall

Mrs J Long

Mr A E Long

Dr A Crease

Mr M King

Ms N Tweddle

Mr J T Wells

Professor K T Dayson

Revd Canon S M Jones

Ms M Tettey

SECRETARY:

Mr D G Rossington

REGISTERED OFFICE:

Greetwell Place

Lime Kiln Way

LINCOLN

LN2 4US

REGISTERED NUMBER:

02631079 (England and Wales)

AUDITORS:

Nicholsons Audit (Statutory Auditor)

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

BANKERS:

Lloyds Bank

High Street

LINCOLN

Lincolnshire

LN5 7AP

FIXED ASSETS

Investment property

4

3,541,669

3,541,669

CURRENT ASSETS

Debtors

5

251,076

214,220

Cash at bank

1,939,326

1,730,854

2,190,402

1,945,074

CREDITORS

Amounts falling due within one year

6

257,390

212,943

NET CURRENT ASSETS

1,933,012

1,732,131

TOTAL ASSETS LESS CURRENT LIABILITIES

5,474,681

5,273,800

PROVISIONS FOR LIABILITIES

(13,011

)

(13,011

)

ACCRUALS AND DEFERRED INCOME

7

(346,988

)

(351,458

)

NET ASSETS

5,114,682

4,909,331

CAPITAL AND RESERVES

Called up share capital

210,000

210,000

Share premium

13,300

13,300

Revaluation reserve

8

509,227

509,227

Capital redemption reserve

42,000

42,000

Capital reserve

1,127,535

1,127,535

Treasury stock

(700

)

(700

)

Retained earnings

3,213,320

3,007,969

5,114,682

4,909,331

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 10 December 2025 and were signed on its behalf by:

Mr H F F Kok - Director

1.	STATUTORY INFORMATION

Investors In Lincoln 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 provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated by the directors and are based on historical experience and other relevant factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investment properties

The directors consider any indicator's of impairment, when these are identified they will use the services of valuers to estimate the fair value of the investment properties.

Turnover

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

Income from operating leases is recognised in the profit and loss on a straight line basis over the period of the lease.

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.

Financial instruments

Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Government grants

Government grants which have been accounted for under the accruals model in respect of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

3,541,669

NET BOOK VALUE

At 31 March 2025

3,541,669

At 31 March 2024

3,541,669

Due to the residual values exceeding the historical cost, depreciation is not provided on the grounds that the depreciation charge and accumulated depreciation to date are immaterial. In accordance with FRS 102 an impairment review is carried out at the end of each reporting period on these properties.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

3,541,669

If Investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

3,438,142

3,438,142

Opening investment property was valued on an open market basis on 21 March 2023 by Banks, Long & Co .

In the opinion of the directors the fair value at 2025 is considered to be an accurate reflection of the formal valuations listed below.

The valuation was a full valuation and was carried out in accordance with the RICS valuation - Professional Standards January 2017 (the "Red Book"). The basis of preparation was value in use.

Investment property addition on 12 April 2023 was valued on 17 March 2025 by Eddisons Commercial Limited.

The property has been valued in accordance with RICS valuation - Global Standards December 2024. The basis of preparation was value in use.

Under conditions where the investment properties would be sold at their fair value there would be a potential tax liability of £NIL (2024: £NIL).

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

34,500

34,500

Prepayments and accrued income

48,576

11,720

83,076

46,220

Amounts falling due after more than one year:

Other debtors

168,000

168,000

Aggregate amounts

251,076

214,220

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

68,503

33,547

Social security and other taxes

17,307

15,921

Accruals and deferred income

171,580

163,475

257,390

212,943

7.	ACCRUALS AND DEFERRED INCOME

2025

2024

£

£

Deferred government grants

346,988

351,458

Government grant is released on a straight line basis in line with the lifespan of the investment property it was received to support.

8.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

509,227

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

The Report of the Auditors was unqualified.

Joanne Brown (Senior Statutory Auditor)

for and on behalf of Nicholsons Audit (Statutory Auditor)

10.	EXCEPTIONAL ITEMS

Donation income in the comparative year consists of the donation of existing loans, investment property and a cash injection relating to the acquision of Lincolnshire Economic Action Partnership (LEAP) of £423,861. LEAP also held a shares within Investors in Lincoln Limited, which were transferred to the redemption reserve at the point of donation. There is no effect on tax from this donation.

Upon donation of the investment property at cost, a valuation was sought to include the property at fair value in line with the appropriate accounting standards. The subsequent valuation resulted in an impairment of £96,351.