Parker Lyndale Limited Filleted accounts for Companies House (small and micro)
Parker Lyndale Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
04289966
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FINANCIAL STATEMENTS |
YEAR ENDED 31st MARCH 2023
CONTENTS |
PAGES |
Statement of financial position |
1 to 2 |
Notes to the financial statements |
3 to 5 |
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STATEMENT OF FINANCIAL POSITION |
2023 |
2022 |
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Note |
£ |
£ |
£ |
£ |
FIXED ASSETS
Investment properties |
5 |
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CURRENT ASSETS
Debtors |
6 |
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Cash at bank and in hand |
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CREDITORS: amounts falling due within one year |
7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: amounts falling due after more than one year |
8 |
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NET ASSETS |
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CAPITAL AND RESERVES
Called up share capital |
9 |
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Non distributable reserves |
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Profit and loss account |
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SHAREHOLDERS FUNDS |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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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
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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STATEMENT OF FINANCIAL POSITION (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
14 December 2023
, and are signed on behalf of the board by:
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Director |
Company registration number:
04289966
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31st MARCH 2023
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Spaceworks, Benton Park Road, Newcastle upon Tyne, NE7 7LX.
2.
STATEMENT OF COMPLIANCE
3.
ACCOUNTING POLICIES
Basis of preparation
Going concern
Revenue recognition
Taxation
Investment properties
Investment properties are initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment properties are revalued to their fair value at each reporting date and any changes in fair value are recognised through the income statement.
If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Investment properties are not depreciated.
Financial instruments
4.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the year, being the directors of the company, amounted to 2 (2022: 2).
5.
INVESTMENT PROPERTIES
Investment properties |
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£ |
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Valuation |
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At 1st April 2022 and 31st March 2023 |
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Impairment |
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At 1st April 2022 and 31st March 2023 |
– |
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Carrying amount |
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At 31st March 2023 |
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At 31st March 2022 |
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Investment properties are stated at the directors' opinion of fair value.
6.
DEBTORS
2023 |
2022 |
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£ |
£ |
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Prepayments |
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Lyndale Robert Limited |
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7.
CREDITORS:
amounts falling due within one year
2023 |
2022 |
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£ |
£ |
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Accruals |
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Corporation tax |
– |
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Director loan accounts |
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8.
CREDITORS:
amounts falling due after more than one year
2023 |
2022 |
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£ |
£ |
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Mortgages |
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Mortgages, included within creditors: amounts falling due after more than one year, are secured against the investment properties to which they relate.
9.
CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2023 |
2022 |
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No. |
£ |
No. |
£ |
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1,000 |
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1,000 |
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10.
RELATED PARTY TRANSACTIONS
At 31 March 2023 there was a balance due from Lyndale Robert Limited of £51,000 (2022: £121,000). Lyndale Robert Limited is controlled by the directors of Parker Lyndale Limited and the balance due is shown in year end debtors. No further transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A small entities.