REGISTERED NUMBER: 00986524 (England and Wales)

Financial Statements

for the Year Ended 30 November 2025

for

Lindum Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D C Chambers

H F F Kok

S D Mitchell

REGISTERED OFFICE:

Lindum Business Park

Station Road

North Hykeham

Lincoln

LN6 3QX

REGISTERED NUMBER:

00986524 (England and Wales)

AUDITORS:

Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

CURRENT ASSETS

Stocks

5,099,341

4,407,467

Debtors

4

85,871

310,271

Cash at bank

1,008

39,805

5,186,220

4,757,543

CREDITORS

Amounts falling due within one year

5

4,430,234

3,564,938

NET CURRENT ASSETS

755,986

1,192,605

TOTAL ASSETS LESS CURRENT LIABILITIES

755,986

1,192,605

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

7

755,984

1,192,603

SHAREHOLDERS' FUNDS

755,986

1,192,605

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 5 August 2026 and were signed on its behalf by:

D C Chambers - Director

1.	STATUTORY INFORMATION

Lindum Developments Limited 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.

Going Concern

The financial statements have been prepared on a going concern basis which the directors consider to be appropriate due to preparing forecasts and performing a going concern assessment for a period of at least 12 months from the date of approval of these financial statements.

Turnover

Turnover comprises revenue receivable by the company in respect of sales of development properties recognised upon completion and rents receivable, exclusive of Value Added Tax and trade discounts.

Stocks and work in progress

Stocks are valued at the lower of cost and net realisable value. Cost includes all direct costs. Net realisable value is based on estimated market value including provisions for unrecoverable costs and allowing for costs to completion and likely disposal costs.

Onerous contracts

A provision is recognised for an onerous contract when the Company has an unavoidable cost of meeting its obligations under the contract that exceeds the expected economic benefits to be received from it. An unavoidable cost represents the lower of the cost of fulfilling the contract and the cost of exiting the contract.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provision of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not at market value, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

85,871

310,271

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

129,615

132,661

Amounts owed to group undertakings

4,293,365

3,428,423

Other creditors

7,254

3,854

4,430,234

3,564,938

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

7.

RESERVES

Retained

earnings

£

At 1 December 2024

1,192,603

Deficit for the year

(436,619

)

At 30 November 2025

755,984

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Shaw FCA BSc(Hons) (Senior Statutory Auditor)

for and on behalf of Wright Vigar Limited

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10.	CONTROLLING PARTY

The company's parent undertaking is Lindum Group Limited. The registered office of the parent undertaking is Lindum Business Park, Station Road, North Hykeham, Lincoln, LN6 3QX.