Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-310No description of principal activity2022-04-01truefalse0falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10040464 2022-04-01 2023-03-31 10040464 2021-04-01 2022-03-31 10040464 2023-03-31 10040464 2022-03-31 10040464 c:Director5 2022-04-01 2023-03-31 10040464 d:CurrentFinancialInstruments 2023-03-31 10040464 d:CurrentFinancialInstruments 2022-03-31 10040464 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10040464 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10040464 d:ShareCapital 2023-03-31 10040464 d:ShareCapital 2022-03-31 10040464 d:RetainedEarningsAccumulatedLosses 2023-03-31 10040464 d:RetainedEarningsAccumulatedLosses 2022-03-31 10040464 c:FRS102 2022-04-01 2023-03-31 10040464 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10040464 c:FullAccounts 2022-04-01 2023-03-31 10040464 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 10040464









LINEA SE10 LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
LINEA SE10 LTD
REGISTERED NUMBER: 10040464

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
19,898
84,368

Cash at bank and in hand
 5 
-
424

  
19,898
84,792

Creditors: amounts falling due within one year
 6 
(900)
(64,511)

Net current assets
  
 
 
18,998
 
 
20,281

Total assets less current liabilities
  
18,998
20,281

  

Net assets
  
18,998
20,281


Capital and reserves
  

Called up share capital 
  
400
400

Profit and loss account
  
18,598
19,881

  
18,998
20,281


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.

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: 




................................................
Antony David Stark
Director

Date: 8 November 2023
Page 1

 
LINEA SE10 LTD
REGISTERED NUMBER: 10040464
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023


The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
LINEA SE10 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Linea SE10 Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:
Registered number: 10040464
Registered office: The Courtyard, 14a Sydenham Road, Croydon, England, CR0 2EE.re... 

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

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.3

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.

 
2.4

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.

 
2.5

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.

 
2.6

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.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of comprehensive income if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.
Page 3

 
LINEA SE10 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)


Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).


4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
19,898
84,173

Other debtors
-
195

19,898
84,368


Page 4

 
LINEA SE10 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
-
424

-
424



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
63,611

Accruals and deferred income
900
900

900
64,511



7.


Related party transactions

Included in amount owed by group undertakings is an amount of £19,898.24 (2022: £84,173.11) due from Linea Homes Group Companies, Companies in which A Stark and G Sherman have a material interest. There are no terms as to interest or repayment in respect of this balance.

 
Page 5