Lincolnshire Land Company Limited 29/02/2024 iXBRL

Lincolnshire Land Company Limited 29/02/2024 iXBRL

LINCOLNSHIRE LAND COMPANY LIMITED - Company Information

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0 01/03/2023 29/02/2024 2024-02-29 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 2023-03-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 13231045 2023-03-01 2024-02-29 13231045 2024-02-29 13231045 2023-02-28 13231045 2022-03-01 2023-02-28 13231045 2023-02-28 13231045 2022-02-28 13231045 bus:RegisteredOffice 2023-03-01 2024-02-29 13231045 bus:LeadAgentIfApplicable 2023-03-01 2024-02-29 13231045 bus:Director1 2023-03-01 2024-02-29 13231045 bus:Director2 2023-03-01 2024-02-29 13231045 core:LandBuildings core:OwnedOrFreeholdAssets 2024-02-29 13231045 core:WithinOneYear 2024-02-29 13231045 core:WithinOneYear 2023-02-28 13231045 core:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 13231045 core:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 13231045 core:ShareCapital 2024-02-29 13231045 core:ShareCapital 2023-02-28 13231045 core:RetainedEarningsAccumulatedLosses 2024-02-29 13231045 core:RetainedEarningsAccumulatedLosses 2023-02-28 13231045 core:ShareCapital 2022-02-28 13231045 core:RetainedEarningsAccumulatedLosses 2022-02-28 13231045 core:PreviouslyStatedAmount core:ShareCapital 2024-02-29 13231045 core:LandBuildings core:OwnedOrFreeholdAssets 2023-02-28 13231045 bus:SmallEntities 2023-03-01 2024-02-29 13231045 bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13231045 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13231045 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13231045 bus:FullAccounts 2023-03-01 2024-02-29 13231045 1 2023-03-01 2024-02-29
Company registration number: 13231045
Lincolnshire Land Company Limited
Trading as Lincolnshire Land Company Limited
Unaudited filleted financial statements
29 February 2024
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
29 February 2024
29/02/24 28/02/23
Note £ £ £ £
Fixed assets
Tangible assets 4 10,717 10,717
_______ _______
10,717 10,717
Current assets
Debtors:
Amounts falling due within one year 5 810 10
Cash at bank and in hand 657 2,938
_______ _______
1,467 2,948
Creditors: amounts falling due
within one year 6 ( 7,283) ( 8,295)
_______ _______
Net current liabilities ( 5,816) ( 5,347)
_______ _______
Total assets less current liabilities 4,901 5,370
_______ _______
Net assets 4,901 5,370
_______ _______
Capital and reserves
Called up share capital 10 10
Profit and loss account 4,891 5,360
_______ _______
Shareholders funds 4,901 5,370
_______ _______
For the period ending 29 February 2024 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 period 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 07 June 2024 , 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
Period ended 29 February 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 March 2022 10 ( 475) ( 465)
(Loss)/profit for the period 5,835 5,835
_______ _______ _______
Total comprehensive income for the period - 5,835 5,835
_______ _______ _______
At 28 February 2023 and 1 March 2023 10 5,360 5,370
(Loss)/profit for the period ( 469) ( 469)
_______ _______ _______
Total comprehensive income for the period - ( 469) ( 469)
_______ _______ _______
At 29 February 2024 10 4,891 4,901
_______ _______ _______
Lincolnshire Land Company Limited
Notes to the financial statements
Period ended 29 February 2024
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.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
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 2023 and 29 February 2024 10,717 10,717
_______ _______
Depreciation
At 1 March 2023 and 29 February 2024 - -
_______ _______
Carrying amount
At 29 February 2024 10,717 10,717
_______ _______
At 28 February 2023 10,717 10,717
_______ _______
5. Debtors
Debtors falling due within one year are as follows:
29/02/24 28/02/23
£ £
Other debtors 810 10
_______ _______
6. Creditors: amounts falling due within one year
29/02/24 28/02/23
£ £
Bank loans and overdrafts 6,430 6,550
Corporation tax ( 110) 1,260
Other creditors 963 485
_______ _______
7,283 8,295
_______ _______
7. Controlling party
The directors Mark Bates and Jamie Aspland controlled one hundred percent of the company by virtue of their ordinary share holding.