Lindale Homes Limited

Registered number

03972992

Report and Financial Statements

31 August 2025

Lindale Homes Limited
Report and accounts
Contents




Page

Company information	1
Directors' report	2
Strategic report	4
Independent auditor's report	5
Income statement	6
Statement of comprehensive income	6
Statement of financial position	7
Statement of changes in equity	8
Statement of cash flows	9
Notes to the financial statements	10

Lindale Homes Limited

Company Information

Directors

L G Baillie

L J Baillie

Auditors

Mahmood Ahed & Co

784 Alum Rock Road

Ward End

Birmingham

B8 2TE

Registered office

Arden Lodge

946 Warwick Road

Birmingham

B27 6QG

Registered number

03972992

Lindale Homes Limited
Registered number:		03972992
Directors' Report

The directors present their report and financial statements for the period ended 31 August 2025.

Principal activities
The company's principal activity during the year continued to be that of management and lettings of residential properties and providing nursing home facilities for the elderly.

Directors
The following persons served as directors during the period:

	LG Baillie
	L J Baillie

Directors' responsibilities

The directors are responsible for preparing the report and financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
●	select suitable accounting policies and then apply them consistently;
●	make judgements and estimates that are reasonable and prudent;
●	state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
●	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


Disclosure of information to auditors

Each person who was a director at the time this report was approved confirms that:
●	so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
●	he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.



This report was approved by the board on 14 May 2026 and signed on its behalf.



Lee Baillie
Director

Lindale Homes Limited
Strategic Report

The directors are pleased to present the Strategic Report for the period ended 31 August 2025. Lindale Homes is a privately owned company jointly held by two shareholders, both of whom also act as directors. The company's principal activities include the provision of elderly care through two residential care homes, supported accommodation for vulnerable adults, and the leasing of commercial properties to third-party businesses Review of the Business The directors have reviewed the company's performance during the year and are satisfied that results are in line with expectations. During the year, the company changed its accounting year end to 31 August in order to better reflect and align with the nature and timing of its business activities. Principal Risks and Uncertainties Liquidity Risk The company has a number of bank loans in place to support asset acquisitions and ongoing business expansion. In the current economic climate, rising interest rates may create uncertainty in treasury and cash flow management. However, the directors are confident that appropriate financial controls and cash flow management procedures are in place to effectively manage these risks. Credit Risk The company's principal credit risk relates to amounts owed by local authorities and housing associations. Changes in government funding policies could affect income streams within both the care and supported housing sectors. The directors have implemented appropriate monitoring and control procedures to mitigate these risks and remain confident that exposure is being effectively managed. Development and Performance Performance within the care and supported housing sectors has remained stable throughout the year, with no significant growth recorded. However, the company has continued to strengthen and expand its property portfolio through the acquisition of additional properties, which are now leased as commercial premises to other businesses.


This report was approved by the board on 14 May 2026 and signed on its behalf.



Lee Baillie
Director

Lindale Homes Limited
Independent auditor's report
to the members of Lindale Homes Limited

Opinion

We have audited the financial statements of Lindale Homes Limited (the 'company') for the period ended 31 August 2025 which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
●	give a true and fair view of the state of the company's affairs as at 31 August 2025 and of its profit for the period then ended;
●	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
●	have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The company has extended the accounting year end to 31 August 2025 and hence these accounts are for 16 months and comparative figures are for 12 months. The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
●	the information given in the strategic report and the directors’ report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
●	the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
●	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
●	the financial statements are not in agreement with the accounting records and returns; or
●	certain disclosures of directors’ remuneration specified by law are not made; or
●	we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation
A further description of our responsibilities for the audit of the financial statements is available on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.


Mahmood Ahed
(Senior Statutory Auditor)		784 Alum Rock Road
for and on behalf of		Ward End
Mahmood Ahed & Co		Birmingham
Statutory Auditor
14 May 2026		B8 2TE

Lindale Homes Limited
Income Statement
for the period from 1 May 2024 to 31 August 2025


Notes		2025		2024
£			£
		16 months		12 months
Turnover	2	7,419,517		4,976,113

Cost of sales		(429,731)		(359,357)

Gross profit		6,989,786		4,616,756

Administrative expenses		(5,211,007)		(3,584,020)
Other operating income		200,767		244,864

Operating profit	3	1,979,546		1,277,600

Interest payable	5	(518,540)		(169,155)

Profit on ordinary activities before taxation		1,461,006		1,108,445

Tax on profit on ordinary activities	6	(428,999)		(309,685)

Profit for the period		1,032,007		798,760

Lindale Homes Limited
Statement of Comprehensive Income
for the period from 1 May 2024 to 31 August 2025


Notes	2025		2024
£		£

Profit for the period	1,032,007		798,760

Other comprehensive income

Total comprehensive income for the period	1,032,007		798,760

Lindale Homes Limited
Statement of Financial Position
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	7		12,979,573			8,078,725

Current assets
Debtors	8	629,085			965,534
Cash at bank and in hand		86,384			2,831
		715,469			968,365

Creditors: amounts falling due within one year	9	(2,064,867)			(2,109,453)

Net current liabilities			(1,349,398)			(1,141,088)

Total assets less current liabilities			11,630,175			6,937,637

Creditors: amounts falling due after more than one year	10		(6,541,499)			(2,750,968)

Provisions for liabilities
Deferred taxation	12		(25,068)			(25,068)

Net assets			5,063,608			4,161,601

Capital and reserves
Called up share capital	13		100			100
Profit and loss account	14		5,063,508			4,161,501

Total equity			5,063,608			4,161,601




Lee Baillie
Director
Approved by the board on 14 May 2026

Lindale Homes Limited
Statement of Changes in Equity
for the period from 1 May 2024 to 31 August 2025

Share		Share		Other		Profit		Total
capital		premium		reserves		and loss
account
£		£		£		£		£

At 1 May 2023	100		-		-		3,542,741		3,542,841

Profit for the financial year							798,760		798,760

Dividends							(180,000)		(180,000)

At 30 April 2024	100		-		-		4,161,501		4,161,601



At 1 May 2024	100		-		-		4,161,501		4,161,601

Profit for the period							1,032,007		1,032,007

Dividends							(130,000)		(130,000)

At 31 August 2025	100		-		-		5,063,508		5,063,608

Lindale Homes Limited
Statement of Cash Flows
for the period from 1 May 2024 to 31 August 2025
		16 months		12 months
Notes		2025		2024
£			£
Operating activities
Profit for the period		1,032,007		798,760

Adjustments for:
Interest payable		518,540		169,155
Tax on profit on ordinary activities		428,999		309,685
Depreciation		324,424		158,175
Decrease/(increase) in debtors		336,449		(74,294)
Increase in creditors		366,912		128,492
		3,007,331		1,489,973

Interest paid		(581,291)		(169,155)
Corporation tax paid		(380,130)		(343,115)

Cash generated by operating activities		2,045,910		977,703

Investing activities
Payments to acquire tangible fixed assets		(5,225,486)		(891,636)
Proceeds from sale of tangible fixed assets		214		1,165

Cash used in investing activities		(5,225,272)		(890,471)

Financing activities
Equity dividends paid		(130,000)		(161,679)
Repayment of loans		3,648,771		(299,597)

Cash generated by/(used in) financing activities		3,518,771		(461,276)

Net cash generated/(used)
Cash generated by operating activities		2,045,910		977,703
Cash used in investing activities		(5,225,272)		(890,471)
Cash generated by/(used in) financing activities		3,518,771		(461,276)
		(169,155)
Net cash generated/(used)		170,254		(374,044)

Cash and cash equivalents at 1 May		(93,002)		281,042
Cash and cash equivalents at 31 August		77,252		(93,002)

Cash and cash equivalents comprise:
Cash at bank		86,384		2,831
Bank overdrafts	9	(9,132)		(95,833)
		77,252		(93,002)

Lindale Homes Limited
Notes to the Accounts
for the period from 1 May 2024 to 31 August 2025

1	Summary of significant accounting policies

	Basis of preparation
	The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets

	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			1.5 percent straight line
	Plant and machinery			15% reducing balance
	Motor vehicles			25% reducing balance


	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Analysis of turnover					2025		2024
£							£

	Services rendered					7,419,517		4,976,113

	By geographical market:

	UK					7,419,517		4,976,113


3	Operating profit					2025		2024
£							£
	This is stated after charging:

	Depreciation of owned fixed assets					324,424		158,175
	Carrying amount of stock sold					249,643		187,467


4	Staff costs					2025		2024
£							£

	Wages and salaries					2,863,086		1,892,804
	Social security costs					255,443		140,923
	Other pension costs					50,239		41,113
						3,168,768		2,074,840


	Average number of employees during the year					Number	Number

	Administration					105		111
						105		111


5	Interest payable					2025		2024
£							£

	Bank loans and overdrafts					29,675		-
	Other loans					488,865		169,155
						518,540		169,155


6	Taxation					2025		2024
£							£
	Analysis of charge in period
	Current tax:
	UK corporation tax on profits of the period					428,999		309,685


	Tax on profit on ordinary activities					428,999		309,685


	Factors affecting tax charge for period
	The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:

						2025		2024
£							£
	Profit on ordinary activities before tax					1,461,006		1,108,445

	Standard rate of corporation tax in the UK					25%		25%

£							£
	Profit on ordinary activities multiplied by the standard rate of corporation tax					365,252		277,111

	Effects of:
	Expenses not deductible for tax purposes					63,747		32,574

	Current tax charge for period					428,999		309,685


	Factors that may affect future tax charges
	Governmnt's fiscal policy and regualtions changes in care sector will effect the retained profit and tax liability of the company.


7	Tangible fixed assets
		Land and buildings		Plant and machinery		Motor Vehicles		Total
		At cost		At cost		At cost
£			£		£		£
	Cost or valuation
	At 1 May 2024	9,031,536		538,245		24,200		9,593,981
	Additions	5,193,571		10,190		21,725		5,225,486
	Disposals	-		-		(1,200)		(1,200)
	At 31 August 2025	14,225,107		548,435		44,725		14,818,267

	Depreciation
	At 1 May 2024	1,124,872		372,927		17,457		1,515,256
	Charge for the period	279,903		35,102		9,419		324,424
	On disposals	-		-		(986)		(986)
	At 31 August 2025	1,404,775		408,029		25,890		1,838,694

	Carrying amount
	At 31 August 2025	12,820,332		140,406		18,835		12,979,573
	At 30 April 2024	7,906,664		165,318		6,743		8,078,725



8	Debtors					2025		2024
£							£

	Trade debtors					395,657		628,559
	Other debtors					233,428		336,975
						629,085		965,534


9	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank overdrafts					9,132		95,833
	Bank loans					594,769		692,909
	Trade creditors					238,872		175,661
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					462,000		-
	Corporation tax					428,999		380,130
	Other taxes and social security costs					50,216		37,231
	Other creditors					267,641		482,545
	Accruals and deferred income					13,238		245,144
						2,064,867		2,109,453


10	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					6,497,879		2,750,968
	Trade creditors					43,620		-
						6,541,499		2,750,968


11	Loans					2025		2024
£							£
	Loans not wholly repayable within five years:
	Loan 1( int rate 6.07% monthly payment)					365,665		359,060
	Loan 2 (int rate 6.38% to 6.66%, monthly payment)					561,170		611,169
	Loan 3 (int rate 6.23% to 7.23%, monthly payment)					5,909,021		1,258,427
						6,835,856		2,228,656

	Analysis of maturity of debt:
	Within one year or on demand					594,769		692,909
	Between one and two years					360,442		515,987
	Between two and five years					1,231,552		540,301
	After five years					4,905,879		1,709,685
						7,092,642		3,458,882

	The bank loans are secured on company's owned freehold properties


12	Deferred taxation					2025		2024
£							£

	Accelerated capital allowances					25,068		25,068


						2025		2024
£							£

	At 1 May					25,068		25,068

	At 31 August					25,068		25,068



13	Share capital	Nominal		2025		2025		2024
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		100		100

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		100		13,238


14	Profit and loss account					2025		2024
£							£

	At 1 May					4,161,501		3,542,741
	Profit for the period					1,032,007		798,760
	Dividends					(130,000)		(180,000)

	At 31 August					5,063,508		4,161,501


15	Dividends					2025		2024
£							£

	Dividends on ordinary shares (note 14)					130,000		180,000



16	Presentation currency

	The financial statements are presented in Sterling.


17	Legal form of entity and country of incorporation

	Lindale Homes Limited is a private company limited by shares and incorporated in England.


18	Principal place of business

	The address of the company's principal place of business and registered office is:
	Arden Lodge, 946 Warwick Road, Birmingham B	B27 6QG

19	Reconciliations on adoption of FRS 102