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Company Registration No. 00773665 (England and Wales)
H.R.Lyne & Son Limited Unaudited accounts for the year ended 31 March 2026
H.R.Lyne & Son Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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H.R.Lyne & Son Limited Company Information for the year ended 31 March 2026
Directors
Andrew Lyne Serena Lyne
Company Number
00773665 (England and Wales)
Registered Office
CHY WARTHA KESTLE MANACCAN HELSTON CORNWALL TR12 6HU UK
Accountants
Tanya Stratton FMAAT 6 Malmesbury Close Redland Bristol BS6 7TR
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H.R.Lyne & Son Limited Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
519
40
Investment property
5
16,500
18,000
Investments
6
699
699
17,718
18,739
Current assets
Inventories
16,154
24,518
Debtors
7
20,476
13,206
Cash at bank and in hand
-
75
36,630
37,799
Creditors: amounts falling due within one year
8
(41,568)
(34,998)
Net current (liabilities)/assets
(4,938)
2,801
Total assets less current liabilities
12,780
21,540
Creditors: amounts falling due after more than one year
9
(148,876)
(153,996)
Net liabilities
(136,096)
(132,456)
Capital and reserves
Called up share capital
4
4
Profit and loss account
(136,100)
(132,460)
Shareholders' funds
(136,096)
(132,456)
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2026 and were signed on its behalf by
Andrew Lyne Director Company Registration No. 00773665
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H.R.Lyne & Son Limited Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
H.R.Lyne & Son Limited is a private company, limited by shares, registered in England and Wales, registration number 00773665. The registered office is CHY WARTHA KESTLE, MANACCAN, HELSTON, CORNWALL, TR12 6HU, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Plant & machinery
15% straight line
Motor vehicles
20% straight line
Investment property
Investment property is the cattle production herd. Increases in the herd are valued at fair value and disposals are on a FIFO basis.
Investments
Unlisted investments are included at cost as the fair value cannot be measured reliably.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. Livestock is valued at market value less 40%.
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H.R.Lyne & Son Limited Notes to the Accounts for the year ended 31 March 2026
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2025
71,475
48,532
28,163
-
148,170
Additions
-
-
-
640
640
Disposals
-
(418)
-
-
(418)
At 31 March 2026
71,475
48,114
28,163
640
148,392
Depreciation
At 1 April 2025
71,474
48,496
28,160
-
148,130
Charge for the year
-
-
-
160
160
On disposals
-
(417)
-
-
(417)
At 31 March 2026
71,474
48,079
28,160
160
147,873
Net book value
At 31 March 2026
1
35
3
480
519
At 31 March 2025
1
36
3
-
40
5
Investment property
2026
£
Fair value at 1 April 2025
18,000
Disposals
(1,500)
At 31 March 2026
16,500
6
Investments
Other investments
£
Valuation at 1 April 2025
699
Valuation at 31 March 2026
699
7
Debtors
2026
2025
£
£
Amounts falling due within one year
VAT
318
375
Trade debtors
18,840
927
Accrued income and prepayments
1,318
975
Other debtors
-
10,929
20,476
13,206
- 6 -
H.R.Lyne & Son Limited Notes to the Accounts for the year ended 31 March 2026
8
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
15,171
17,538
Trade creditors
14,814
10,768
Other creditors
11,480
6,680
Accruals
103
12
41,568
34,998
The directors have given security based on the company's assets including stock and production herd.
9
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
-
5,247
Other creditors
148,876
148,749
148,876
153,996
10
Transactions with related parties
The directors have loaned money to the company which is included in other creditors due after one year (2026 - £148,876, 2025 - £148,749). These loans are unsecured and interest free with no date for repayment. The directors have given the company an undertaking that they will not be repaid until other creditors have been repaid in full.
11
Average number of employees
During the year the average number of employees was 1 (2025: 1).
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