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REGISTERED NUMBER: SC620151 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

29 FEBRUARY 2024

FOR

LINZI'S HOLMES LIMITED

LINZI'S HOLMES LIMITED (REGISTERED NUMBER: SC620151)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


LINZI'S HOLMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mr J D Holmes
Ms L S Mccoy





REGISTERED OFFICE: 8 Quarry Crescent
Kilsyth
G65 0DR





REGISTERED NUMBER: SC620151 (Scotland)





ACCOUNTANTS: Workwell People Solutions Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

LINZI'S HOLMES LIMITED (REGISTERED NUMBER: SC620151)

ABRIDGED BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 174 9,398
Investment property 6 450,000 434,870
450,174 444,268

CURRENT ASSETS
Debtors 15,585 377
Cash at bank 6,915 5,482
22,500 5,859
CREDITORS
Amounts falling due within one year 205,370 205,037
NET CURRENT LIABILITIES (182,870 ) (199,178 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

267,304

245,090

CREDITORS
Amounts falling due after more than one
year

7

(219,459

)

(231,331

)

PROVISIONS FOR LIABILITIES (13,108 ) (7,087 )
NET ASSETS 34,737 6,672

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 39,323 30,213
Retained earnings (4,686 ) (23,641 )
SHAREHOLDERS' FUNDS 34,737 6,672

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

LINZI'S HOLMES LIMITED (REGISTERED NUMBER: SC620151)

ABRIDGED BALANCE SHEET - continued
29 FEBRUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





Ms L S Mccoy - Director


LINZI'S HOLMES LIMITED (REGISTERED NUMBER: SC620151)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Linzi'S Holmes Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

At the balance sheet date, the company's liabilities exceed its assets. The company has received assurances from its shareholders that they will continue to give full financial support to the company for the next twelve months.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

LINZI'S HOLMES LIMITED (REGISTERED NUMBER: SC620151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 19,517
Disposals (15,000 )
At 29 February 2024 4,517
DEPRECIATION
At 1 March 2023 10,119
Charge for year 787
Eliminated on disposal (6,563 )
At 29 February 2024 4,343
NET BOOK VALUE
At 29 February 2024 174
At 28 February 2023 9,398

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 434,870
Revaluations 15,130
At 29 February 2024 450,000
NET BOOK VALUE
At 29 February 2024 450,000
At 28 February 2023 434,870

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2021 42,300
Valuation in 2023 (5,000 )
Valuation in 2024 15,130
Cost 397,570
450,000

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 219,459 231,331

LINZI'S HOLMES LIMITED (REGISTERED NUMBER: SC620151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS - continued

Other creditors include an amount of £177,664 payable to E.a Business Solutions Ltd in which Mr J D Holmes, is an director and significant shareholder.

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 219,459 231,331

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Ms L S Mccoy
Balance outstanding at start of year (27,133 ) (27,133 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (27,133 ) (27,133 )

Mr J D Holmes
Balance outstanding at start of year (240 ) 45
Amounts advanced - 17,339
Amounts repaid (312 ) (17,624 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (552 ) (240 )