Lin Properties (Service) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00911857 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Lin Properties (Service) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Kendle

C G Kendle

SECRETARY:

Mrs C G Kendle

REGISTERED OFFICE:

1st Floor, Springbank House

13 Pembroke Road

Sevenoaks

Kent

TN13 1XR

REGISTERED NUMBER:

00911857 (England and Wales)

ACCOUNTANTS:

A4G Amherst Limited

7 Bligh's Walk

Sevenoaks

Kent

TN13 1DB

FIXED ASSETS

Investment property

3

1,550,000

1,550,000

CURRENT ASSETS

Debtors

4

13,505

3,384

Cash at bank

36,989

9,449

50,494

12,833

CREDITORS

Amounts falling due within one year

5

13,924

18,732

NET CURRENT ASSETS/(LIABILITIES)

36,570

(5,899

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,586,570

1,544,101

CREDITORS

Amounts falling due after more than one year

6

(160,000

)

(160,000

)

PROVISIONS FOR LIABILITIES

7

(132,049

)

(132,049

)

NET ASSETS

1,294,521

1,252,052

CAPITAL AND RESERVES

Called up share capital

8

100

100

Fair value reserve

9

528,198

528,198

Retained earnings

9

766,223

723,754

SHAREHOLDERS' FUNDS

1,294,521

1,252,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 29 November 2018 and were signed on its behalf by:

R Kendle - Director

C G Kendle - Director

1.	STATUTORY INFORMATION

Lin Properties (Service) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

and 31 March 2018

1,550,000

NET BOOK VALUE

At 31 March 2018

1,550,000

At 31 March 2017

1,550,000

Fair value at 31 March 2018 is represented by:

£

Valuation in 2016

1,250,000

Valuation in 2017

300,000

1,550,000

A revaluation of the investment properties has been done for the year ended 31 March 2018 by the director, Mr R

Kendle by obtaining quotes from various sources. It concluded that there was not any changes in the values of

the properties in the financial year 2018.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

3,887

1,116

Other debtors

9,618

2,268

13,505

3,384

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

9,962

5,972

Other creditors

3,962

12,760

13,924

18,732

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other creditors

160,000

160,000

7.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

Other timing differences

132,049

132,049

Deferred

tax

£

Balance at 1 April 2017

132,049

Balance at 31 March 2018

132,049

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2017

723,754

528,198

1,251,952

Profit for the year

42,469

42,469

At 31 March 2018

766,223

528,198

1,294,421

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £1,954 by Mrs C G Kendle, a director. This amount was repaid

in full within 9 months.