ACCOUNTS - Final Accounts preparation

Creditors: Amounts falling due within one year

Registered number: 01877956

LYNBETT PROPERTIES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2025


LYNBETT PROPERTIES LIMITED REGISTERED NUMBER:01877956

BALANCE SHEET

AS AT 28 FEBRUARY 2025


	2025	2024
Note	£	£

Fixed assets
Tangible assets	4		145		171
			145		171
Current assets
Stocks		1,294,853		1,294,853
Debtors: amounts falling due within one year	5	3,448		1,210
Cash at bank and in hand		90,567		114,293
		1,388,868		1,410,356
Creditors: amounts falling due within one year	6	(164,891)		(148,419)
Net current assets			1,223,977		1,261,937
Total assets less current liabilities			1,224,122		1,262,108

Net assets			1,224,122		1,262,108

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		1,224,022	1,262,008
		1,224,122	1,262,108

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 November 2025.

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LYNBETT PROPERTIES LIMITED REGISTERED NUMBER:01877956

BALANCE SHEET (CONTINUED)

AS AT 28 FEBRUARY 2025

___________________________

Ronald Michael Baker

Director

The notes on pages 3 to 5 form part of these financial statements.

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LYNBETT PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1.	General information

Lynbett Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 59 Cannonbury Avenue, Pinner, Middlesex, HA5 1TP.

2.Accounting policies

2.1

Basis of preparation of financial statements

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.

2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

2.4

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery

15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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LYNBETT PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

4.	Tangible fixed assets

		Plant and machinery
		£
	Cost or valuation
	At 1 March 2024	5,329
	At 28 February 2025	5,329
	Depreciation
	At 1 March 2024	5,158
	Charge for the year on owned assets	26
	At 28 February 2025	5,184
	Net book value
	At 28 February 2025	145
	At 29 February 2024	171

Debtors


					2025	2024
					£	£

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LYNBETT PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

5.Debtors (continued)

	Other debtors	3,448	1,210

Corporation tax	21,592	18,727
Other taxation and social security	-	1,775
Other creditors	133,699	115,668
Accruals	9,600	12,249
	164,891	148,419

Allotted, called up and fully paid

100 Ordinary shares of £1.00 each	100	100


Profit and loss account brought forward at the beginning of the year	1,262,008	1,307,104
Dividends paid in the year	(112,000)	(112,000)
Other movement in the profit and loss account	74,014	66,904
	1,224,022	1,262,008

9.	Controlling party

Baker family and Barrow family are jointly owns the majority of the issued share capital and therefore, they are the ultimate controllers of the company.

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