LINCOLN PROPERTY DEVELOPMENTS LIMITED

 

 

FINANCIAL STATEMENTS

 

 

 

FOR THE YEAR ENDED

 

 

 

31ST MARCH 2026

 

 

 

 

 

 

 

 

COMPANY REGISTRATION NUMBER

 

06972880

 

 

LINCOLN PROPERTY DEVELOPMENTS LIMITED

 

FINANCIAL STATEMENTS

 

YEAR ENDED 31ST MARCH 2026

 

CONTENTS

Page

 

 

Officers and professional advisors

1

 

 

The Directors report

2

 

 

Profit & Loss account

3

 

 

Balance sheet

4

 

 

Notes to the financial statements

5 - 7

 

The following pages do not form part of the statutory financial statements

 

Accountants' report to the director

9

 

 

Detailed profit and loss account

10

 

 

Notes to the detailed profit and loss account

11

 

LINCOLN PROPERTY DEVELOPMENTS LIMITED

 

OFFICERS AND PROFESSIONAL ADVISORS

 

YEAR ENDED 31ST MARCH 2026

 

The directors

Mr P Gilchrist

 

Mr A M Stone

 

 

Company Secretary

Mr A M Stone

 

 

Registered Office

327 Burton Road

 

Lincoln

 

LN1 3XD

 

 

Company Number

06972880

 

 

Accountants

AMS Consultancy

 

The White House

 

327 Burton Road

 

Lincoln

 

LN1 3XD

 

 

Bankers

Barclays Bank

 

Sort code: 20-50-21

 

A/c No: 63387682

 

LINCOLN PROPERTY DEVELOPMENTS LIMITED

 

THE DIRECTORS REPORT

 

YEAR ENDED 31ST MARCH 2026

 

The directors have pleasure in presenting their report and the unaudited financial statements of the company for the year ended 31st March 2026.

 

PRINCIPAL ACTIVITIES

 

The principal activity of the company during the period was that of property renovation, development and repairs. The company commenced to trade on 1st June 2010.

 

THE DIRECTORS AND THEIR INTEREST IN SHARES OF THE COMPANY

 

The directors who served during the period together with their beneficial interests in the

shares of the company was as follows:

 

 

Ordinary Shares of £1 each

 

At 31st March 2026

At 31st March 2025

 

 

 

Mr P Gilchrist

25

25

Mr A M Stone

25

25

 

 

 

 

50

50

 

Small Company Provision

 

This report has been prepared in accordance with the provisions for small companies under section 477 of the Companies Act 2006.

 

Registered Office

 

Signed by order of the directors

 

 

 

 

 

327 Burton Road

 

 

 

Lincoln

 

 

 

LN1 3XD

 

 

 

 

 

_____________________

 

 

 

Mr A M Stone

 

 

 

 

 

 

 

Company Secretary

 

Approved by the directors on ________________________

LINCOLN PROPERTY DEVELOPMENTS LIMITED

 

PROFIT AND LOSS ACCOUNT

 

YEAR ENDED 31ST MARCH 2026

 

 

Note

At 31st March 2026

At 31st March 2025

 

 

£

£

 

 

 

 

TURNOVER

1

8,7508,700

 

 

 

 

Cost of Sales

 

00

 

 

 

 

GROSS PROFIT

 

8,7508,700

 

 

 

 

Administration Expenses

 

3,5633,820

 

 

 

 

OPERATING PROFIT

2

5,1874,880

 

 

 

 

Interest receivable

 

011

Interest payable

 

3,0003,000

 

 

 

 

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

 

2,1871,891

 

 

 

 

Tax on profit on ordinary activities

3

416359

 

 

 

 

PROFIT FOR THE FINANCIAL PERIOD AFTER TAXATION

 

1,7711,532

 

 

 

 

Dividends

 

4,0004,000

 

 

 

 

RETAINED PROFIT (DEFICIT) CARRIED FORWARD

 

(2,229)

(2,468)

 

LINCOLN PROPERTY DEVELOPMENTS LIMITED

 

BALANCE SHEET

 

YEAR ENDED 31ST MARCH 2026

 

 

 

 

 

 

 

 

Note

At 31st March 2026

At 31st March 2025

 

 

£

£

£

£

 

 

 

 

 

 

FIXED ASSETS

 

 

 

 

 

Tangible assets

4

 

0

 

0

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

Stocks and work in progress

 

149,167

 

149,167

 

Debtors

 

0

 

0

 

Cash in hand

 

0

 

0

 

Cash at Bank

 

26,940

 

28,753

 

 

 

 

 

 

 

 

 

176,107

 

177,920

 

CREDITORS

 

 

 

 

 

Amounts falling due within one year

6

150,775

 

150,359

 

 

 

 

 

 

 

NET CURRENT ASSETS

 

 

25,332

 

27,561

 

 

 

 

 

 

TOTAL ASSETS LESS CURRENT LIABILITIES

 

 

25,332

 

27,561

 

 

 

 

 

 

CREDITORS

 

 

 

 

 

Amounts falling due after more than one year

7

 

0

 

0

 

 

 

 

 

 

NET ASSETS / (LIABILITIES)

 

 

25,332

 

27,561

 

 

 

 

 

 

CAPITAL AND RESERVES

 

 

 

 

 

Called up equity share capital

9

 

100

 

100

Profit and loss account

10

 

25,232

 

27,461

 

 

 

 

 

 

SHAREHOLDERS FUND

 

 

25,332

 

27,561

 

LINCOLN PROPERTY DEVELOPMENTS LIMITED

 

BALANCE SHEET

 

YEAR ENDED 31ST MARCH 2026

 

For the year ending 31st March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

 

Directors responsibilities:

(I)

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476

(II)

The directors acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime (effective April 2008).

 

 

These accounts were approved and signed by the directors on ___________________

 

 

 

 

 

___________________________

___________________________

MR P GILCHRIST

MR A M STONE

 

LINCOLN PROPERTY DEVELOPMENTS LIMITED

 

NOTES TO THE FINANCIAL STATEMENTS

 

YEAR ENDED 31ST MARCH 2026

 

1     ACCOUNTING POLICIES

 

Basis of Accounting

 

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008)

 

Turnover

 

The turnover shown in the profit and loss account represents the rents received in the period from a property owned by the company.

 

Depreciation

 

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

 

Plant and Equipment

14% on reducing balance basis

Motor Vehicle

14% on reducing balance basis

Office Equipment

14% on reducing balance basis

 

Stocks

 

Stocks are valued at the lower of cost and net realisable on a FIFO basis, after making due allowance for obsolete and slow moving items.

 

Work in Progress

 

Work in progress is valued on the basis of direct costs plus attributable overheads basis on nominal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

 

2     OPERATING PROFIT

 

Operating profit is stated after charging:

 

 

 

At 31st March 2026

At 31st March 2025

 

£

£

 

 

 

Director's emoluments

00

Depreciation

00

 

 

 

 

00

 

LINCOLN PROPERTY DEVELOPMENTS LIMITED

 

NOTES TO THE FINANCIAL STATEMENTS

 

YEAR ENDED 31ST MARCH 2026

 

3     TAX ON PROFIT OR LOSS ON ORDINARY ACTIVITIES

 

In respect of the period

At 31st March 2026

At 31st March 2025

 

£

£

 

 

 

UK Corporation Tax

416359

 

Corporation Tax based on the results for the period at 19% (2024 19%) on net profits.

 

4     TANGIBLE FIXED ASSETS

 

 

Property

Motor

Vehicles

Office

Equipment

Total

 

£

£

£

£

 

 

 

 

 

Cost

0000

 

 

 

 

 

Additions

0000

 

 

 

 

 

Depreciation

0000

 

 

 

 

 

Net Book Value

 

 

 

 

At 31st March 2026

0000

 

5     DEBTORS

 

 

At 31st March 2026

At 31st March 2025

 

£

£

 

 

 

Trade Debtors

00

Other Debtors

00

 

00

 

LINCOLN PROPERTY DEVELOPMENTS LIMITED

 

NOTES TO THE FINANCIAL STATEMENTS

 

YEAR ENDED 31ST MARCH 2026

 

6     CREDITORS: Amounts falling due within one year

 

At 31st March 2026

At 31st March 2025

 

£

£

 

 

 

Bank loans and overdrafts

150,000150,000

Trade creditors

3590

Other creditors comprise:

 

 

Corporation Tax

416359

PAYE

00

CIS

00

 

 

 

 

150,775150,359

 

7     CREDITORS: Amounts falling due after more that one year

 

 

At 31st March 2026

At 31st March 2025

 

£

£

 

 

 

Directors Loan account

00

 

8     RELATED PARTY TRANSACTIONS

 

No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for smaller entities (effective April 2008).

 

9     SHARE CAPITAL

 

At 31st March 2026

At 31st March 2025

 

£

£

 

 

 

Authorised share capital

 

 

 

 

 

Ordinary shares of £1 each

100

100

 

 

 

Allotted, called up and fully paid:

 

 

 

 

 

Issue of ordinary shares

100100

 

10     PROFIT AND LOSS ACCOUNT

 

At 31st March 2026

At 31st March 2025

 

£

£

 

 

 

At 1st April 2025

27,46129,929

Retained Profit

(2,229)

(2,468)

 

 

 

At 31st March 2026

25,23227,461

LINCOLN PROPERTY DEVELOPMENTS LIMITED

 

MANAGEMENT INFORMATION

 

YEAR ENDED 31ST MARCH 2026

 

 

 

 

The following pages do not form part of the statutory financial statements

LINCOLN PROPERTY DEVELOPMENTS LIMITED

 

ACCOUNTANTS' REPORT TO DIRECTORS

 

YEAR ENDED 31ST MARCH 2026

 

As described on the balance sheet you are responsible for the preparation of the accounts for the year ended 31st March 2026, set out on pages 3 to 7, and you consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited accounts in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.

 

 

 

 

 

 

 

AMS Consultancy

327 Burton Road

Lincoln

Lincolnshire

LN1 3XD

 

 

8th April 2026

LINCOLN PROPERTY DEVELOPMENTS LIMITED

 

DETAILED PROFIT AND LOSS ACCOUNT

 

YEAR ENDED 31ST MARCH 2026

 

 

At 31st March 2026

At 31st March 2025

 

£

£

 

 

 

TURNOVER

8,7508,700

 

 

 

COST OF SALES

 

 

Opening Stock and WIP

149,167149,167

Purchases

00

Renovation costs

00

Legal and Professional Fees

00

Less: Closing Stock and WIP

(149,167)

(149,167)

 

 

 

GROSS PROFIT

8,7508,700

 

 

 

OVERHEADS

 

 

Administration expenses

3,5633,820

 

 

 

OPERATING (LOSS) / PROFIT

5,1874,880

 

 

 

Interest receivable

011

Interest payable

3,0003,000

 

 

 

(LOSS) / PROFIT ON ORDINARY ACTIVITIES

2,1871,891

 

LINCOLN PROPERTY DEVELOPMENTS LIMITED

 

NOTES TO THE DETAILED PROFIT AND LOSS ACCOUNT

 

YEAR ENDED 31ST MARCH 2026

 

 

At 31st March 2026

At 31st March 2025

 

 

 

ADMINISTRATION EXPENSES

 

 

Establishments expenses

 

 

Rent & rates

00

Light and heat

00

Insurance

353347

Repairs and maintenance

1,1411,612

 

 

 

 

1,4941,959

 

 

 

General Expenses

 

 

Management fees

1,5091,507

Commission fees

00

Directors remuneration

00

Employee costs

00

Motor expenses

00

Travel and Subsistence

00

Telephone

00

Advertising

00

Printing, stationery and postage

6479

Sundry expenses

00

Legal and professional fees

35231

Accountancy fees

3590

Depreciation

00

 

 

 

 

1,9671,817

 

 

 

Financial costs

 

 

 

 

 

Bank charges

10244

 

 

 

 

10244

 

 

 

Interest Payable

 

 

 

 

 

Bank interest payable

00

 

 

 

 

3,5633,820