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Financial Statements |
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For The Year Ended 31 March 2020 |
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LINCOLN HOUSE (BASIL STREET) LIMITED |
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Financial Statements |
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For The Year Ended 31 March 2020 |
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for |
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LINCOLN HOUSE (BASIL STREET) LIMITED |
LINCOLN HOUSE (BASIL STREET) LIMITED (REGISTERED NUMBER: 01366821) |
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Contents of the Financial Statements |
For The Year Ended 31 March 2020 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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LINCOLN HOUSE (BASIL STREET) LIMITED |
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Company Information |
For The Year Ended 31 March 2020 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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SENIOR STATUTORY AUDITOR: |
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AUDITORS: |
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16 Northfields Prospect |
Putney Bridge Road |
London |
SW18 1PE |
LINCOLN HOUSE (BASIL STREET) LIMITED (REGISTERED NUMBER: 01366821) |
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Balance Sheet |
31 March 2020 |
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31.3.20 | 31.3.19 |
Notes | £ | £ | £ | £ |
NON CURRENT ASSETS |
Amount due in more than one |
year | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET LIABILITIES |
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RESERVES | - | - |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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LINCOLN HOUSE (BASIL STREET) LIMITED (REGISTERED NUMBER: 01366821) |
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Notes to the Financial Statements |
For The Year Ended 31 March 2020 |
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1. | STATUTORY INFORMATION |
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Lincoln House (Basil Street) Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2019 - NIL). |
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4. | NON CURRENT ASSETS |
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Service Charge Reserve Fund (Overdrawn) |
2020 | 2019 |
£ | £ |
Balance at 1st April 2019 | 447,529 | (355,395 | ) |
Transfer From Current Year Demands | (242,309 | ) | 0 |
Transfer To Fund Major Works | 0 | 803,559 |
Interest received | (118 | ) | (635 | ) |
Balance at 31st March 2020 | 205,102 | 447,529 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.20 | 31.3.19 |
£ | £ |
Sundry debtors | 3,892 | 3,111 |
Prepayments |
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Due from lessees | 208,499 | 178,793 |
Excess Service Charge Balance |
Due (Note 3) | 19,008 | 25,308 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.20 | 31.3.19 |
£ | £ |
Other creditors |
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Service charges in advance | 298,762 | 328,287 |
Accrued expenses |
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LINCOLN HOUSE (BASIL STREET) LIMITED (REGISTERED NUMBER: 01366821) |
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Notes to the Financial Statements - continued |
For The Year Ended 31 March 2020 |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
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31.3.20 | 31.3.19 |
£ | £ |
Loan from third party to enable major works | £144,293 | £275,000 |
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8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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9. | RELATED PARTY DISCLOSURES |
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J H Lorimer and M A C Gill are also directors of Lincoln House Freehold Limited the company which holds, as nominee, the freehold property known as Lincoln House Basil Street SW3. |
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10. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
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In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. |