Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-03-0100falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activitytrue 14696217 2023-02-28 14696217 2023-03-01 2024-03-31 14696217 2022-03-01 2023-02-28 14696217 2024-03-31 14696217 c:Director2 2023-03-01 2024-03-31 14696217 d:CurrentFinancialInstruments 2024-03-31 14696217 d:Non-currentFinancialInstruments 2024-03-31 14696217 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14696217 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 14696217 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 14696217 d:ShareCapital 2024-03-31 14696217 d:RetainedEarningsAccumulatedLosses 2024-03-31 14696217 c:FRS102 2023-03-01 2024-03-31 14696217 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-03-31 14696217 c:FullAccounts 2023-03-01 2024-03-31 14696217 c:PrivateLimitedCompanyLtd 2023-03-01 2024-03-31 14696217 2 2023-03-01 2024-03-31 14696217 e:PoundSterling 2023-03-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 14696217









LINEA N2 LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2024

 
LINEA N2 LTD
REGISTERED NUMBER: 14696217

BALANCE SHEET
AS AT 31 MARCH 2024

2024
Note
£

  

Current assets
  

Stocks
  
290,633

Debtors: amounts falling due within one year
 4 
18,920

Cash at bank and in hand
 5 
7,277

  
316,830

Creditors: amounts falling due within one year
  
(2,241)

Net current assets
  
 
 
314,589

Total assets less current liabilities
  
314,589

Creditors: amounts falling due after more than one year
 7 
(315,000)

  

Net (liabilities)/assets
  
(411)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(511)

  
(411)


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 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
Page 1

 
LINEA N2 LTD
REGISTERED NUMBER: 14696217
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


Date: 20 November 2024

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

Page 2

 
LINEA N2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Linea N2 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: 14696217
Registered office: C/O Pbsl, The Courtyard, 14a Sydenham Road, Croydon, 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 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 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 3

 
LINEA N2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

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.

 
2.7

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.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration.

The average monthly number of employees, including directors, during the period was 0.


4.


Debtors

Page 4

 
LINEA N2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
2024
£


Trade debtors
340

Other debtors
18,480

Called up share capital not paid
100

18,920



5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
7,277

7,277



6.


Creditors: Amounts falling due within one year

2024
£

Amounts owed to group undertakings
1,041

Accruals and deferred income
1,200

2,241



7.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
315,000

315,000


Page 5

 
LINEA N2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
£



Amounts falling due 2-5 years

Bank loans
315,000


315,000


315,000



9.


Related party transactions

As at the year end £3,371 due from Linea Homes Ltd.


10.


Controlling party

Company jointly hold by Stark Investment Limited and GS and Co Limited.

 
Page 6