Lindum Western Growth Community Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11418191 (England and Wales)

Financial Statements

for the Year Ended 30 November 2022

for

Lindum Western Growth Community Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D C Chambers

R A J Kok

E C Chambers

M Burnett

REGISTERED OFFICE:

Lindum Business Park

Station Road

North Hykeham

Lincoln

LN6 3QX

REGISTERED NUMBER:

11418191 (England and Wales)

AUDITORS:

Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

CURRENT ASSETS

Stocks

2,533,659

2,533,659

Debtors

4

17,490

24,482

Cash at bank

40,531

15,156

2,591,680

2,573,297

CREDITORS

Amounts falling due within one year

5

2,362,308

2,082,498

NET CURRENT ASSETS

229,372

490,799

TOTAL ASSETS LESS CURRENT LIABILITIES

229,372

490,799

CAPITAL AND RESERVES

Called up share capital

6

60

60

Retained earnings

229,312

490,739

SHAREHOLDERS' FUNDS

229,372

490,799

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 29 August 2023 and were signed on its behalf by:

R A J Kok - Director

1.	STATUTORY INFORMATION

Lindum Western Growth Community 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.

Related party exemption

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.

Stocks

Work in progress and sites awaiting development and development properties are stated at the lower of cost and net realisable value. Cost comprises costs of land and costs of development. Net realisable value incorporates expected costs to completion and disposal. Provision is made against all categories of work in progress where it is anticipated that cost will not be fully recovered against future disposals.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

128

24,482

Other debtors

17,362

-

17,490

24,482

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Amounts owed to group undertakings

2,234,008

1,948,391

Other creditors

128,300

134,107

2,362,308

2,082,498

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

60

Ordinary shares

1

60

60

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

The Report of the Auditors was unqualified.

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

for and on behalf of Wright Vigar Limited

8.	ULTIMATE 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.