Lincolnshire Land Company Limited 28/02/2023 iXBRL

Lincolnshire Land Company Limited 28/02/2023 iXBRL

LINCOLNSHIRE LAND COMPANY LIMITED - Company Information

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0 28/02/2023 2023-02-28 false false false false false false false false false false true false false true false false false false true true false No description of principal activities is disclosed 2022-03-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 13231045 2022-03-01 2023-02-28 13231045 2023-02-28 13231045 2021-03-01 2022-02-28 13231045 2022-02-28 13231045 bus:RegisteredOffice 2022-03-01 2023-02-28 13231045 bus:LeadAgentIfApplicable 2022-03-01 2023-02-28 13231045 bus:Director1 2022-03-01 2023-02-28 13231045 bus:Director2 2022-03-01 2023-02-28 13231045 core:LandBuildings core:OwnedOrFreeholdAssets 2023-02-28 13231045 core:WithinOneYear 2023-02-28 13231045 core:WithinOneYear 2022-02-28 13231045 core:ShareCapital 2021-03-01 2022-02-28 13231045 core:RetainedEarningsAccumulatedLosses 2021-03-01 2022-02-28 13231045 core:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 13231045 core:ShareCapital 2023-02-28 13231045 core:ShareCapital 2022-02-28 13231045 core:RetainedEarningsAccumulatedLosses 2023-02-28 13231045 core:RetainedEarningsAccumulatedLosses 2022-02-28 13231045 core:LandBuildings core:OwnedOrFreeholdAssets 2022-02-28 13231045 bus:SmallEntities 2022-03-01 2023-02-28 13231045 bus:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 13231045 bus:FullAccounts 2022-03-01 2023-02-28 13231045 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 13231045 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 13231045 1 2022-03-01 2023-02-28
Company registration number: 13231045
Lincolnshire Land Company Limited
Trading as Lincolnshire Land Company Limited
Unaudited filleted financial statements
28 February 2023
Lincolnshire Land Company Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Lincolnshire Land Company Limited
Directors and other information
Directors Mr Mark Jonathan Bates
Mr Jamie Stephen Aspland
Company number 13231045
Registered office 58 London Road
Sleaford
Lincolnshire
NG34 7LH
Business address 58 London Road
Sleaford
Lincolnshire
NG34 7LH
Accountant Bush & Co
95 Boston Road
Sleaford
Lincolnshire
NG34 7HP
Lincolnshire Land Company Limited
Statement of financial position
28 February 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 4 10,717 10,717
_______ _______
10,717 10,717
Current assets
Debtors:
Amounts falling due within one year 5 10 10
Cash at bank and in hand 2,938 -
_______ _______
2,948 10
Creditors: amounts falling due
within one year 6 ( 8,295) ( 11,192)
_______ _______
Net current liabilities ( 5,347) ( 11,182)
_______ _______
Total assets less current liabilities 5,370 ( 465)
_______ _______
Net assets/(liabilities) 5,370 ( 465)
_______ _______
Capital and reserves
Called up share capital 10 10
Profit and loss account 5,360 ( 475)
_______ _______
Shareholders funds/(deficit) 5,370 ( 465)
_______ _______
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 26 October 2023 , and are signed on behalf of the board by:
Mr Mark Jonathan Bates
Director
Company registration number: 13231045
Lincolnshire Land Company Limited
Statement of changes in equity
Year ended 28 February 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 March 2021 - - -
Profit/(loss) for the year ( 475) ( 475)
_______ _______ _______
Total comprehensive income for the year - ( 475) ( 475)
Issue of shares 10 10
_______ _______ _______
Total investments by and distributions to owners 10 - 10
_______ _______ _______
At 28 February 2022 and 1 March 2022 10 ( 475) ( 465)
Profit/(loss) for the year 5,835 5,835
_______ _______ _______
Total comprehensive income for the year - 5,835 5,835
_______ _______ _______
At 28 February 2023 10 5,360 5,370
_______ _______ _______
Lincolnshire Land Company Limited
Notes to the financial statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 58 London Road, Sleaford, Lincolnshire, NG34 7LH.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland.The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and investment properties measured at fair value through profit or loss.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Financial instruments
The company only holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets-trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classifies as a basic financial instrument and is measured at amortised cost. Financial liabilities-trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
4. Tangible assets
Freehold property Total
£ £
Cost
At 1 March 2022 and 28 February 2023 10,717 10,717
_______ _______
Depreciation
At 1 March 2022 and 28 February 2023 - -
_______ _______
Carrying amount
At 28 February 2023 10,717 10,717
_______ _______
At 28 February 2022 10,717 10,717
_______ _______
5. Debtors
Debtors falling due within one year are as follows:
2023 2022
£ £
Other debtors 10 10
_______ _______
6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 6,550 10,717
Corporation tax 1,260 -
Other creditors 485 475
_______ _______
8,295 11,192
_______ _______
7. Controlling party
The directors Mark Bates and Jamie Aspland controlled one hundred percent of the company by virtue of their ordinary share holding.