ACCOUNTS - Final Accounts

LINDEN COURT FLATS LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2022-02-282022-02-28true4The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.42021-03-01falseNo description of principal activitytrue 00928934 2021-03-01 2022-02-28 00928934 2020-03-01 2021-02-28 00928934 2022-02-28 00928934 2021-02-28 00928934 c:Director7 2021-03-01 2022-02-28 00928934 d:CurrentFinancialInstruments 2022-02-28 00928934 d:CurrentFinancialInstruments 2021-02-28 00928934 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 00928934 d:CurrentFinancialInstruments d:WithinOneYear 2021-02-28 00928934 d:ShareCapital 2022-02-28 00928934 d:ShareCapital 2021-02-28 00928934 d:OtherMiscellaneousReserve 2021-03-01 2022-02-28 00928934 d:OtherMiscellaneousReserve 2022-02-28 00928934 d:OtherMiscellaneousReserve 2021-02-28 00928934 d:RetainedEarningsAccumulatedLosses 2022-02-28 00928934 d:RetainedEarningsAccumulatedLosses 2021-02-28 00928934 c:FRS102 2021-03-01 2022-02-28 00928934 c:AuditExempt-NoAccountantsReport 2021-03-01 2022-02-28 00928934 c:FullAccounts 2021-03-01 2022-02-28 00928934 c:PrivateLimitedCompanyLtd 2021-03-01 2022-02-28 00928934 2 2021-03-01 2022-02-28 iso4217:GBP xbrli:pure

Registered number: 00928934

LINDEN COURT FLATS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

LINDEN COURT FLATS LIMITED

REGISTERED NUMBER: 00928934

BALANCE SHEET

AS AT 28 FEBRUARY 2022

		2022		2021
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	-		20
Cash at bank and in hand	5	17,509		47,274
		17,509		47,294
Creditors: amounts falling due within one year	6	(965)		(660)
Net current assets			16,544		46,634
Total assets less current liabilities			16,544		46,634

Net assets			16,544		46,634

Capital and reserves
Called up share capital		19	19
Other reserves	7	(2,600)	29,620
Profit and loss account	7	19,125	16,995
		16,544	46,634

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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LINDEN COURT FLATS LIMITED

REGISTERED NUMBER: 00928934

BALANCE SHEET (CONTINUED)

AS AT 28 FEBRUARY 2022

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr I R Watson

Director

Date: 20 April 2022

The notes on pages 3 to 4 form part of these financial statements.

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LINDEN COURT FLATS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

1.	General information

Linden Court Flats Limited is a private company limited by shares and registered in England & Wales. Its registered office is Building Society Chambers, Wesley Street, Otley, West Yorkshire, LS21 1AZ and its registered number is 00928934. The company's principal activity is to manage, administer, deal with and maintain Linden Court Flats.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. :

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 4 (2021 - 4).

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LINDEN COURT FLATS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

Debtors

					2022	2021
					£	£


Service charge debtor	-	20
	-	20

5.	Cash and cash equivalents
		2022	2021
		£	£

Cash at bank and in hand	17,509	47,274
	17,509	47,274

6.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Service charge creditor	40	-
Accruals and deferred income	925	660
	965	660

Reserves

Other reserves

Other reserves consists wholly of a fund to finance the replacement of the roof at Linden Court Flats.
During 2022 £50,520 was spent on roof refurbishment, which exceeded the total amount collected by the year end of £47,920, leaving a deficit of £2,600. It is anticipated that this will be recuperated after the year end, and the funds will start to accumulate again.

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