REGISTERED NUMBER: 13711198 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

Lindum Terrace Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A S Wilson

Mrs H R Wilson

R N Beaumont

C B Holden

REGISTERED OFFICE:

15 Newland

Lincoln

LN1 1XG

REGISTERED NUMBER:

13711198 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

FIXED ASSETS

Tangible assets

4

7,346

8,643

Investment property

5

5,659,986

5,659,986

5,667,332

5,668,629

CURRENT ASSETS

Cash at bank

2

10

CREDITORS

Amounts falling due within one year

6

728,155

801,759

NET CURRENT LIABILITIES

(728,153

)

(801,749

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,939,179

4,866,880

CREDITORS

Amounts falling due after more than one year

7

(3,334,357

)

(3,334,104

)

PROVISIONS FOR LIABILITIES

(627,754

)

(508,741

)

NET ASSETS

977,068

1,024,035

CAPITAL AND RESERVES

Called up share capital

9

6

6

Fair value reserve

10

2,880,184

2,880,184

Retained earnings

(1,903,122

)

(1,856,155

)

SHAREHOLDERS' FUNDS

977,068

1,024,035

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 9 April 2026 and were signed on its behalf by:

A S Wilson - Director

Mrs H R Wilson - Director

C B Holden - Director

R N Beaumont - Director

1.	STATUTORY INFORMATION

Lindum Terrace Ltd 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 the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis on the grounds that the director and related companies will continue to provide support.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

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

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 November 2024

and 31 October 2025

11,000

DEPRECIATION

At 1 November 2024

2,357

Charge for year

1,297

At 31 October 2025

3,654

NET BOOK VALUE

At 31 October 2025

7,346

At 31 October 2024

8,643

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

and 31 October 2025

5,659,986

NET BOOK VALUE

At 31 October 2025

5,659,986

At 31 October 2024

5,659,986

Cost or valuation of investment properties at 31 October 2025 is represented by:

£

Valuation

2,880,184

Cost

1,024,805

Additions

1,754,997

5,659,986

Lindum Terrace Limited has valued the investment properties on an open market basis where the individual has no relevant professional qualification but has recent and long term experience of the geographical location where the properties are held and in the type of properties held.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

301,868

346,417

Other creditors

426,287

455,342

728,155

801,759

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,334,357

3,334,104

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

3,334,357

3,334,104

The bank loans are secured against the properties to which they relate.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

6

Ordinary

£1

6

6

10.

RESERVES

Fair

value

reserve

£

At 1 November 2024

and 31 October 2025

2,880,184