These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Lindenhurst Limited is a private company limited by shares incorporated in England and Wales. The registered office is Broadwall House, 21 Broadwall, London, England, SE1 9PL.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention, modified to include the investment properties at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

During truethe period the company made a loss of £25,503 (2024: £10,561) and at the period end had net liabilities of £234,196 (2024: £208,793) however, the directors have confirmed the intention, ability and willingness of the parent undertaking, to maintain its financial support to enable the company to meet its liabilities as they fall due.

Rental income received represents the agreed rental for the leasehold of the property which Lindenhurst Limited owns the freehold. This is charged on an agreed annual rate on a 999 year lease.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

The average monthly number of persons (including directors) employed by the company during the year was:

The investment property relates to the freehold which has granted a 999 year lease from 1 October 2011. The carrying value is the fair value as assessed by the directors as at 31 March 2025.

Fixed asset investments represent shares in subsidiary undertakings and are recognised at historical cost.

The company is subject to a cross guarantee with The Passion Property Group Limited (the intermediate parent company), in relation to a loan in favour of HSBC.  The security given is a fixed and floating charge over the property assets of the company.   

The HSBC loan in The Passion Property Group Limited has been settled and replaced by a new loan with Handelsbanken.   The security given in relation to this loan is the first legal charge of properties held the company.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its loss for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

As disclosed in security note the group has refinanced post year end.  As disclosed in the parent company note there has been a group restructure post year end.

As part of the post year end group restructure the properties were transferred to The Passion Property Group Limited.

The company has taken advantage of the exemptions from disclosure available to subsidiary undertakings under FRS102 Section 1A, paragraph 1 AC.45 in connection with intra group transactions.

The immediate parent company is The Passion Property Group Limited, a company registered in England and Wales, and the ultimate parent company is Passion Property Holdings Limited, a company registered in England and Wales. The registered offices are Broadwall House, 21 Broadwall, London, SE1 9PL.

Passion Property Holdings Limited and its subsidiary companies form a small group and therefore are exempt from the requirements to prepare consolidated financial statements.

Following a post year end group restructure from the 24 November 2025 the ultimate parent company is Passion Property Group Holdings Limited; a company registered in England and Wales. The registered office is Broadwall House, 21 Broadwall, London, SE1 9PL.