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Company Registration No. 11985370 (England and Wales)
Linden Hill - Capital Assets - GNM Limited Unaudited accounts for the year ended 31 October 2023
Linden Hill - Capital Assets - GNM Limited Unaudited accounts Contents
Page
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Linden Hill - Capital Assets - GNM Limited Company Information for the year ended 31 October 2023
Director
H S Al-Mishwit
Company Number
11985370 (England and Wales)
Registered Office
55 Grosvenor Street, Mayfair, London W1K 3HY
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Linden Hill - Capital Assets - GNM Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
12,994,437 
12,904,186 
Debtors
88,358 
132,632 
Cash at bank and in hand
680 
53,390 
13,083,475 
13,090,208 
Creditors: amounts falling due within one year
(43,401)
(46,701)
Net current assets
13,040,074 
13,043,507 
Total assets less current liabilities
13,040,074 
13,043,507 
Creditors: amounts falling due after more than one year
(13,046,383)
(13,046,383)
Net liabilities
(6,309)
(2,876)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(6,409)
(2,976)
Shareholders' funds
(6,309)
(2,876)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 July 2024 and were signed on its behalf by
H S Al-Mishwit Director Company Registration No. 11985370
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Linden Hill - Capital Assets - GNM Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Linden Hill - Capital Assets - GNM Limited is a private company, limited by shares, registered in England and Wales, registration number 11985370. The registered office is 55 Grosvenor Street,, Mayfair,, London, W1K 3HY.
2
Compliance with accounting standards
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Stock
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Financial instruments
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price unless the arrangement constitutes a financing transaction. Financial liabilities classified as payable within one year are not amortised.
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Linden Hill - Capital Assets - GNM Limited Notes to the Accounts for the year ended 31 October 2023
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Inventories
2023 
2022 
£ 
£ 
Work in progress
12,994,437 
12,904,186 
12,994,437 
12,904,186 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
70,000 
70,000 
Other debtors
18,358 
62,632 
88,358 
132,632 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
20,871 
16,138 
Trade creditors
3,780 
1,893 
Other creditors
18,750 
28,670 
43,401 
46,701 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
6,500,000 
6,500,000 
Other creditors
6,546,383 
6,546,383 
13,046,383 
13,046,383 
Included in creditors due after one year are bank loans secured against the asset of the company.
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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