Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-05-01falseNo description of principal activity00truetrue 13354497 2022-05-01 2023-04-30 13354497 2021-05-01 2022-04-30 13354497 2023-04-30 13354497 2022-04-30 13354497 c:Director2 2022-05-01 2023-04-30 13354497 d:FreeholdInvestmentProperty 2023-04-30 13354497 d:FreeholdInvestmentProperty 2022-04-30 13354497 d:CurrentFinancialInstruments 2023-04-30 13354497 d:CurrentFinancialInstruments 2022-04-30 13354497 d:Non-currentFinancialInstruments 2023-04-30 13354497 d:Non-currentFinancialInstruments 2022-04-30 13354497 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 13354497 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 13354497 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 13354497 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 13354497 d:ShareCapital 2023-04-30 13354497 d:ShareCapital 2022-04-30 13354497 d:RetainedEarningsAccumulatedLosses 2023-04-30 13354497 d:RetainedEarningsAccumulatedLosses 2022-04-30 13354497 c:FRS102 2022-05-01 2023-04-30 13354497 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 13354497 c:FullAccounts 2022-05-01 2023-04-30 13354497 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 13354497









LINEA WHEATHAMPSTEAD LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

 
LINEA WHEATHAMPSTEAD LTD
REGISTERED NUMBER: 13354497

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
380,000
380,000

  
380,000
380,000

Current assets
  

Debtors: amounts falling due within one year
 5 
122,021
2

  
122,021
2

Creditors: amounts falling due within one year
 6 
(279,354)
(131,285)

Net current liabilities
  
 
 
(157,333)
 
 
(131,283)

Total assets less current liabilities
  
222,667
248,717

Creditors: amounts falling due after more than one year
 7 
(216,000)
(266,000)

  

Net assets/(liabilities)
  
6,667
(17,283)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
6,665
(17,285)

  
6,667
(17,283)


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: 



Page 1

 
LINEA WHEATHAMPSTEAD LTD
REGISTERED NUMBER: 13354497
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023


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

Date: 12 March 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
LINEA WHEATHAMPSTEAD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Linea Wheathampstead 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: 13354497
Registered office: The Courtyard, 14a Sydenham Road, Croydon, Surrey, United Kingdom, CR0 2EE.

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

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.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
LINEA WHEATHAMPSTEAD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

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.

 
2.7

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

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.

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.

Page 4

 
LINEA WHEATHAMPSTEAD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

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.


Investment property


Freehold investment property

£



Valuation


At 1 May 2022
380,000



At 30 April 2023
380,000

The investment property is given on rent and is stated at fair value at the date of balance sheet, as determined by directors Mr Antony Stark and Mr Gavin Sherman. There is no materialistic difference between purchase value and market value.



At 30 April 2023





5.


Debtors

2023
2022
£
£


Trade debtors
84,500
-

Amounts owed by group undertakings
27,519
-

Other debtors
10,000
-

Called up share capital not paid
2
2

122,021
2


Page 5

 
LINEA WHEATHAMPSTEAD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
1,564
-

Other creditors
276,290
129,785

Accruals and deferred income
1,500
1,500

279,354
131,285



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
216,000
266,000

216,000
266,000



8.


Related party transactions

Including in amount owed to group undertakings is an amount of £270,486 (2022 : £129,767) due to Linea Homes Ltd.


9.


Controlling party

The immediate and ultimate parent undertaking and controlling parties are Stark Investments Ltd and GS and Co Limited.

 
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