Caseware UK (AP4) 2023.0.135 2023.0.135 false12023-01-01The principal activity of the company is the purchase and letting of properties.1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06817867 2023-01-01 2023-12-31 06817867 2022-01-01 2022-12-31 06817867 2023-12-31 06817867 2022-12-31 06817867 c:Director2 2023-01-01 2023-12-31 06817867 d:PlantMachinery 2023-01-01 2023-12-31 06817867 d:PlantMachinery 2023-12-31 06817867 d:PlantMachinery 2022-12-31 06817867 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06817867 d:FurnitureFittings 2023-01-01 2023-12-31 06817867 d:FurnitureFittings 2023-12-31 06817867 d:FurnitureFittings 2022-12-31 06817867 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06817867 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 06817867 d:OtherPropertyPlantEquipment 2023-12-31 06817867 d:OtherPropertyPlantEquipment 2022-12-31 06817867 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06817867 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06817867 d:FreeholdInvestmentProperty 2023-12-31 06817867 d:FreeholdInvestmentProperty 2022-12-31 06817867 d:CurrentFinancialInstruments 2023-12-31 06817867 d:CurrentFinancialInstruments 2022-12-31 06817867 d:Non-currentFinancialInstruments 2023-12-31 06817867 d:Non-currentFinancialInstruments 2022-12-31 06817867 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06817867 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06817867 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 06817867 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 06817867 d:ShareCapital 2023-12-31 06817867 d:ShareCapital 2022-12-31 06817867 d:RetainedEarningsAccumulatedLosses 2023-12-31 06817867 d:RetainedEarningsAccumulatedLosses 2022-12-31 06817867 c:FRS102 2023-01-01 2023-12-31 06817867 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06817867 c:FullAccounts 2023-01-01 2023-12-31 06817867 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06817867 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 06817867 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 06817867 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 06817867 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 06817867 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 06817867










Linden House Properties Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2023

 
Linden House Properties Limited
Registered number: 06817867

Balance Sheet
As at 31 December 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
-
907

Investment property
 5 
1,500,000
1,500,000

  
1,500,000
1,500,907

Current assets
  

Debtors: amounts falling due within one year
 6 
14,148
12,759

Cash at bank and in hand
  
25,347
28,301

  
39,495
41,060

Creditors: amounts falling due within one year
 7 
(5,875)
(7,433)

Net current assets
  
 
 
33,620
 
 
33,627

Total assets less current liabilities
  
1,533,620
1,534,534

Creditors: amounts falling due after more than one year
 8 
(1,498,379)
(1,498,379)

  

Net assets
  
35,241
36,155


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
35,240
36,154

  
35,241
36,155

Page 1

 
Linden House Properties Limited
Registered number: 06817867

Balance Sheet (continued)
As at 31 December 2023

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: 



................................................
K Zambrano
Director

Date: 3 April 2024

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
Linden House Properties Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

1.


General information

Linden House Properties Limited is a private company limited by shares and incorporated in England and Wales. The registration number of the company is 06817867. The registered office address of the company is Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG.
The financial statements are presented in sterling and rounded to the nearest £1.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

Having reviewed the funding facilities available to the company together with the expected future projected cash flows, the directors have a reasonable expectation that the company has adequate resources to continue its activities for the foreseeable future. The directors have considered the level of funds held and the expected level of income and expenditure for a period of twelve months from finalisation of these financial statements. They have concluded that it is appropriate to continue to adopt the going concern basis in preparing the financial statements. 

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rent receivable
Revenue from a rental agreement is recognised in the period in which the rent relates and when all of the following conditions are satisfied:
- there is a signed agreement in place with the tenant;
- the amount of revenue can be measured reliably. 

Page 3

 
Linden House Properties Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.4

Current and deferred 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

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.

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:

Plant and machinery
-
20%
straight line basis
Furniture, fittings and equipment
-
20%
straight line basis
Property improvements
-
20%
straight line basis

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.

 
2.6

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.

Page 4

 
Linden House Properties Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

2023
2022
£
£

Wages and salaries
9,100
9,029

9,100
9,029


The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
Linden House Properties Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

4.


Tangible fixed assets





Plant and machinery
Furniture, fittings and equipment
Property improvements
Total

£
£
£
£



Cost or valuation


At 1 January 2023
1,750
18,675
9,061
29,486



At 31 December 2023

1,750
18,675
9,061
29,486



Depreciation


At 1 January 2023
1,750
18,675
8,154
28,579


Charge for the year on owned assets
-
-
907
907



At 31 December 2023

1,750
18,675
9,061
29,486



Net book value



At 31 December 2023
-
-
-
-



At 31 December 2022
-
-
907
907


5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
1,500,000



At 31 December 2023
1,500,000

The 2023 valuations were made by the Directors, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
1,489,432
1,489,432

1,489,432
1,489,432

Page 6

 
Linden House Properties Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
5,769
5,769

Prepayments and accrued income
2,894
-

Deferred taxation
5,485
6,990

14,148
12,759



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
216
216

Corporation tax
1,325
2,878

Other taxation and social security
-
33

Other creditors
2,474
2,446

Accruals and deferred income
1,860
1,860

5,875
7,433



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts owed to group undertakings
1,498,379
1,498,379

1,498,379
1,498,379


Page 7

 
Linden House Properties Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

9.


Deferred taxation




2023


£






At beginning of year
6,990


Charged to profit or loss
(1,505)



At end of year
5,485

The deferred tax asset is made up as follows:

2023
2022
£
£


Accelerated capital allowances
-
(227)

Tax losses carried forward
5,485
7,217

5,485
6,990


10.


Related party transactions

Summary of transactions with parent:
Mulberry Investments AG (Controlled by R P Schneider)
During the year the parent continued to provide an interest free loan to the company. At the balance sheet date the amount owed to Mulberry Investments AG was £1,498,379 (2022: £1,498,379).


11.


Controlling party

The company's immediate parent is Mulberry Investments AG, incorporated in Switzerland. 

Page 8