Company No: 01638043 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	10,500		12,000
Tangible assets	4	337		396
		10,837		12,396
Current assets
Stocks		24,438		24,218
Debtors	5	76,113		178,440
Cash at bank and in hand		1,726,559		1,646,922
		1,827,110		1,849,580
Creditors: amounts falling due within one year	6	( 16,615)		( 8,394)
Net current assets		1,810,495		1,841,186
Total assets less current liabilities		1,821,332		1,853,582
Net assets		1,821,332		1,853,582
Capital and reserves
Called-up share capital	7	1,000		1,000
Profit and loss account		1,820,332		1,852,582
Total shareholders' funds		1,821,332		1,853,582

For the financial year ending 31 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Lyn Trading Limited (registered number: 01638043) were approved and authorised for issue by the Board of Directors on 30 December 2025. They were signed on its behalf by:

Mrs C S Vickery Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lyn Trading Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom. The principal place of business is 1 Lee Road, Lynton, EX35 6HW.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Fixtures and fittings

15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2024	15,000		15,000
At 31 March 2025	15,000		15,000
Accumulated amortisation
At 01 April 2024	3,000		3,000
Charge for the financial year	1,500		1,500
At 31 March 2025	4,500		4,500
Net book value
At 31 March 2025	10,500		10,500
At 31 March 2024	12,000		12,000

4. Tangible assets

	Fixtures and fittings		Total
	£		£
Cost
At 01 April 2024	549		549
At 31 March 2025	549		549
Accumulated depreciation
At 01 April 2024	153		153
Charge for the financial year	59		59
At 31 March 2025	212		212
Net book value
At 31 March 2025	337		337
At 31 March 2024	396		396

5. Debtors

	2025		2024
	£		£
Amounts owed by directors	41,760		130,020
Prepayments	1,250		1,562
VAT recoverable	3,020		1,583
Other debtors	30,083		45,275
	76,113		178,440

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Accruals	3,001		3,698
Taxation and social security	13,462		1,243
Other creditors	152		3,453
	16,615		8,394

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
58,260 Ordinary shares of £ 0.01 each	583		583
41,740 Ordinary A shares of £ 0.01 each	417		417
	1,000		1,000

8. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Balance as at 1 April 2024	130,020		107,270
Advances to directors	42,740		142,750
Repayments by directors	(131,000)		(120,000)
Balance as at 31 March 2025	41,760		130,020

Interest was charged at HMRC's official rate of interest on balances exceeding £10,000.