Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-08-01falseNo description of principal activity22falsetrue 13800827 2022-08-01 2023-03-31 13800827 2021-12-14 2022-07-31 13800827 2023-03-31 13800827 2022-07-31 13800827 1 2022-08-01 2023-03-31 13800827 d:Director2 2022-08-01 2023-03-31 13800827 e:FurnitureFittings 2022-08-01 2023-03-31 13800827 e:FurnitureFittings 2023-03-31 13800827 e:FurnitureFittings 2022-07-31 13800827 e:FurnitureFittings e:OwnedOrFreeholdAssets 2022-08-01 2023-03-31 13800827 e:CurrentFinancialInstruments 2023-03-31 13800827 e:CurrentFinancialInstruments 2022-07-31 13800827 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-31 13800827 e:CurrentFinancialInstruments e:WithinOneYear 2022-07-31 13800827 e:ShareCapital 2022-08-01 2023-03-31 13800827 e:ShareCapital 2023-03-31 13800827 e:ShareCapital 2021-12-14 2022-07-31 13800827 e:ShareCapital 2022-07-31 13800827 e:RetainedEarningsAccumulatedLosses 2022-08-01 2023-03-31 13800827 e:RetainedEarningsAccumulatedLosses 2023-03-31 13800827 e:RetainedEarningsAccumulatedLosses 1 2022-08-01 2023-03-31 13800827 e:RetainedEarningsAccumulatedLosses 2022-07-31 13800827 d:FRS102 2022-08-01 2023-03-31 13800827 d:AuditExempt-NoAccountantsReport 2022-08-01 2023-03-31 13800827 d:FullAccounts 2022-08-01 2023-03-31 13800827 d:PrivateLimitedCompanyLtd 2022-08-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 13800827









LINTON HOMES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
LINTON HOMES LIMITED
REGISTERED NUMBER: 13800827

BALANCE SHEET
AS AT 31 MARCH 2023

31 March
31 July
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
  
220
-

  
220
-

Current assets
  

Stocks
  
103,112
-

Debtors: amounts falling due within one year
 6 
43,045
100

Cash at bank and in hand
  
61,425
-

  
207,582
100

Creditors: amounts falling due within one year
  
(9,208)
-

Net current assets
  
 
 
198,374
 
 
100

Total assets less current liabilities
  
198,594
100

  

Net assets
  
198,594
100


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
198,494
-

  
198,594
100


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 period 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.

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 income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
LINTON HOMES LIMITED
REGISTERED NUMBER: 13800827
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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




................................................
W A O'Regan
Director

Date: 17 October 2023

The notes on pages 5 to 8 form part of these financial statements.

Page 2

 
LINTON HOMES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 August 2022
100
-
100


Comprehensive income for the period

Loss for the period

-
(23,297)
(23,297)

Dividend in specie
-
266,791
266,791


Other comprehensive income for the period
-
266,791
266,791


Total comprehensive income for the period
-
243,494
243,494


Contributions by and distributions to owners

Dividends: Equity capital
-
(45,000)
(45,000)

Shares issued during the period
100
-
100

Shares cancelled during the period
(100)
-
(100)


Total transactions with owners
-
(45,000)
(45,000)


At 31 March 2023
100
198,494
198,594


The notes on pages 5 to 8 form part of these financial statements.

Page 3

 
LINTON HOMES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 JULY 2022


Called up share capital
Total equity

£
£


Other comprehensive income for the period
-
-


Total comprehensive income for the period
-
-


Contributions by and distributions to owners

Shares issued during the period
100
100


Total transactions with owners
100
100


At 31 July 2022
100
100


The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
LINTON HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Linton Homes Limited is a company incorporated in the United Kingdom. The address of the registered office is  26 Reculver drive Betlinge, Herne Bay, Kent, CT6 6QE.
The company's principal activity is that of a property rental company. 
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

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

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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
LINTON HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

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.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
LINTON HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2022 - 2).


4.


Tangible fixed assets







Fixtures and fittings

£



Cost or valuation


Additions
293



At 31 March 2023

293



Depreciation


Charge for the period on owned assets
73



At 31 March 2023

73



Net book value



At 31 March 2023
220



At 31 July 2022
-


5.


Fixed asset investments








Investments in subsidiary companies

£





Additions
100


Disposals
(100)



At 31 March 2023
-




Page 7

 
LINTON HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

6.


Debtors

31 March
31 July
2023
2022
£
£


Other debtors
40,100
100

Prepayments and accrued income
2,945
-

43,045
100



7.


Cash and cash equivalents

31 March
31 July
2023
2022
£
£

Cash at bank and in hand
61,425
-

61,425
-



8.


Creditors: Amounts falling due within one year

31 March
31 July
2023
2022
£
£

Other creditors
6,208
-

Accruals and deferred income
3,000
-

9,208
-



9.


Reserves

On the 11th August 2022, 100 ordinary shares were issued in exchange for the entire share capital of Oreker Homes Limited. A dividend in species of £266,791 was subsequently received from Oreker Homes Limited. The company then underwent a restructuring whereby all of the shares in Oreker Homes Limited were transferred to a newly formed stand-alone company by way of a return of capital on cancellation of the B shares in the company. 






 
Page 8