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COMPANY REGISTRATION NUMBER: 08480567

Lynthorpe Limited

Filleted Unaudited Financial Statements

31 January 2025

Lynthorpe Limited

Financial Statements

Year ended 31 January 2025

Contents | Pages

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements | 1

Statement of financial position | 2

Notes to the financial statements | 3 to 4

Lynthorpe Limited

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Lynthorpe Limited

Year ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lynthorpe Limited for the year ended 31 January 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Lynthorpe Limited in accordance with the terms of our engagement letter dated 20 October 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Lynthorpe Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lynthorpe Limited and its director for our work or for this report.
It is your duty to ensure that Lynthorpe Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lynthorpe Limited. You consider that Lynthorpe Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Lynthorpe Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
HEBBLETHWAITES Chartered Accountants
2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ
26 January 2026

Lynthorpe Limited

Statement of Financial Position

31 January 2025

| 2025 | 2024
Note | £ | £

Current assets

Stocks | 7,366,864 | 8,092,664
Debtors | 4 | 7,112 | 1,220
| ------------ | ------------
| 7,373,976 | 8,093,884

Creditors: amounts falling due within one year | 5 | 285,922 | 199,942
| ------------ | ------------
Net current assets | 7,088,054 | 7,893,942
| ------------ | ------------
Total assets less current liabilities | 7,088,054 | 7,893,942

Creditors: amounts falling due after more than one year | 6 | 6,892,209 | 7,702,397
| ------------ | ------------
Net assets | 195,845 | 191,545
| ------------ | ------------

Capital and reserves

Called up share capital | 10 | 10
Profit and loss account | 195,835 | 191,535
| --------- | ---------
Shareholder funds | 195,845 | 191,545
| --------- | ---------

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 income and retained earnings has not been delivered.
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 26 January 2026 , and are signed on behalf of the board by:

Mr P G Cunningham |
Director |

Company registration number: 08480567

Lynthorpe Limited

Notes to the Financial Statements

Year ended 31 January 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 Abbeydale Hall, Abbeydale Road South, Sheffield, S17 3LJ.
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 or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents rent received during the year, exclusive of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and 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. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Work in progress is included at initial cost of property purchase plus development costs to date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Debtors

| 2025 | 2024
| £ | £
Other debtors | 7,112 | 1,220
| ------- | -------

5. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Corporation tax | – | 4,700
Other creditors | 285,922 | 195,242
| --------- | ---------
| 285,922 | 199,942
| --------- | ---------

6. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Amounts owed to group undertakings | 6,892,209 | 7,702,397
| ------------ | ------------

All work in progress is held as security for bank borrowings of the parent company PTA Developments Ltd as disclosed in note 8 below.
7. Related party transactions
The company finances its operations though an intercompany loan account with its parent company, PTA Developments Limited. The properties included as work in progress are used as security for a cross guarantee with PTA Developments Limited whose bank loan borrowings at 31 January 2025 are £23,228,636 (2024 £23,112,048). Creditors include the intercompany loan account of £6,892,209 (2024 £7,702,398) with interest charged of £70,430 (2024 £136,632).
8. Controlling party
The company is a wholly owned subsidiary of PTA Developments Limited whose address and principal place of business is Abbeydale Hall, Abbeydale Road South, Sheffield, S17 3LJ, and in turn is owned by the PGC Discretionary Settlement.