Lyndale-Wilson Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04186372

LYNDALE-WILSON PROPERTIES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

LYNDALE-WILSON PROPERTIES LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31st MARCH 2025

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 6

LYNDALE-WILSON PROPERTIES LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Investment properties	5		746,000		765,593

CURRENT ASSETS

Debtors	6	675	–
Cash at bank and in hand		1,554	4,008
		-------	-------
		2,229	4,008

CREDITORS: amounts falling due within one year	7	147,743		141,220
		----------		----------
NET CURRENT LIABILITIES			145,514		137,212
			----------		----------
TOTAL ASSETS LESS CURRENT LIABILITIES			600,486		628,381

CREDITORS: amounts falling due after more than one year	8		376,082		376,084

PROVISIONS

Taxation including deferred tax	1,698	7,950
	----------	----------
NET ASSETS	222,706	244,347
	----------	----------

CAPITAL AND RESERVES

Called up share capital	11	2,000	2,000
Non distributable reserves		202,119	221,712
Profit and loss account		18,587	20,635
		----------	----------
SHAREHOLDERS FUNDS		222,706	244,347
		----------	----------

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 31st March 2025 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 .

LYNDALE-WILSON PROPERTIES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 17 December 2025 , and are signed on behalf of the board by:

T. L. Crilley

Director

Company registration number: 04186372

LYNDALE-WILSON PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Spaceworks, Benton Park Road, Newcastle upon Tyne, NE7 7LX.

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 and loss. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on the going concern basis. The directors consider that this basis is appropriate following due consideration of the present financial position, the expected prospects of the company during the twelve months from the date of approval of these financial statements and the continued support of the company's directors, bankers and other lending agents during this time.

Revenue recognition

Turnover is measured at the fair value of the consideration and represents amounts receivable for rent.

Taxation

The taxation expense represents the aggregate amount of 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. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Investment properties

Investment properties are initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment properties are revalued to their fair value at each reporting date and any changes in fair value are recognised through the income statement.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Investment properties are not depreciated.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year, being the directors of the company, amounted to 2 (2024: 2).

5. INVESTMENT PROPERTIES

	Investment properties
	£
Valuation
At 1st April 2024	765,593
Revaluations	( 19,593)
	----------
At 31st March 2025	746,000
	----------
Impairment
At 1st April 2024 and 31st March 2025	–
	----------

Carrying amount
At 31st March 2025	746,000
	----------
At 31st March 2024	765,593
	----------

Investment properties are stated at the directors' opinion of fair value.

6. DEBTORS

	2025	2024
	£	£
Prepayments	675	–
	----	----

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Accruals	1,184	1,161
Director loan accounts	146,559	140,059
	----------	----------
	147,743	141,220
	----------	----------

8. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Mortgages	376,082	376,084
	----------	----------

Mortgages, included within creditors: amounts falling due after more than one year, are secured against the investment properties to which they relate.

9. DEFERRED TAX

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	1,698	7,950
	-------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Unused tax losses	( 5,759)	–
Fair value adjustment of investment properties	7,457	7,950
	-------	-------
	1,698	7,950
	-------	-------

10. ANALYSIS OF OTHER COMPREHENSIVE INCOME

	Non distributable reserves
	£
Year ended 31st March 2025
Decrease in fair value of investment properties	( 19,593)
	---------

LYNDALE-WILSON PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31st MARCH 2025

11. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	2,000	2,000	2,000	2,000
	-------	-------	-------	-------

12. RELATED PARTY TRANSACTIONS

A director's loan account processes the transactions between T. L. Crilley and Lyndale-Wilson Properties Limited. At the year end the balance on this loan account was £76,562 (2024: £70,062). This is shown within creditors: amounts falling due within one year. A director's loan account processes the transactions between W. Wilson and Lyndale-Wilson Properties Limited. At the year end the balance on this loan account was £69,997 (2024: £69,997). This is shown within creditors: amounts falling due within one year. No further transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A small entities.