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REGISTERED NUMBER: 10976457 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2021

for

Linnaean Holdings Limited

Linnaean Holdings Limited (Registered number: 10976457)

Contents of the Financial Statements
for the Year Ended 30 September 2021










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Linnaean Holdings Limited

Company Information
for the Year Ended 30 September 2021







DIRECTOR: Ms E Byrylova





REGISTERED OFFICE: 147, 4 Riverlight Quay
London
SW11 8DU





REGISTERED NUMBER: 10976457 (England and Wales)





ACCOUNTANTS: Finsbury Robinson Limited
237 Westcombe Hill
Blackheath
London
SE3 7DW

Linnaean Holdings Limited (Registered number: 10976457)

Abridged Statement of Financial Position
30 September 2021

30.9.21 30.9.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 439 511
Tangible assets 5 2,024,496 2,194,516
2,024,935 2,195,027

CURRENT ASSETS
Stocks 30,000 15,000
Debtors 33,231 14,395
Cash at bank and in hand - 59,260
63,231 88,655
CREDITORS
Amounts falling due within one year 557,635 396,317
NET CURRENT LIABILITIES (494,404 ) (307,662 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,530,531

1,887,365

CREDITORS
Amounts falling due after more than
one year

6

3,556,107

3,352,521
NET LIABILITIES (2,025,576 ) (1,465,156 )

Linnaean Holdings Limited (Registered number: 10976457)

Abridged Statement of Financial Position - continued
30 September 2021

30.9.21 30.9.20
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (2,025,676 ) (1,465,256 )
SHAREHOLDERS' FUNDS (2,025,576 ) (1,465,156 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30 September 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 March 2022 and were signed by:





Ms E Byrylova - Director


Linnaean Holdings Limited (Registered number: 10976457)

Notes to the Financial Statements
for the Year Ended 30 September 2021


1. STATUTORY INFORMATION

Linnaean Holdings 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.


Linnaean Holdings Limited (Registered number: 10976457)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2020 - 40 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2020
and 30 September 2021 719
AMORTISATION
At 1 October 2020 208
Amortisation for year 72
At 30 September 2021 280
NET BOOK VALUE

At 30 September 2021 439
At 30 September 2020 511

Linnaean Holdings Limited (Registered number: 10976457)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2020 2,526,326
Additions 73,541
At 30 September 2021 2,599,867
DEPRECIATION
At 1 October 2020 331,810
Charge for year 243,561
At 30 September 2021 575,371
NET BOOK VALUE
At 30 September 2021 2,024,496
At 30 September 2020 2,194,516

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
30.9.21 30.9.20
£    £   
Repayable by instalments
Bank loans more 5 yr by instal - 50,000

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.21 30.9.20
value: £    £   
100 Ordinary £1 100 100