Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30trueNo description of principal activity2023-05-01false00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13348867 2023-05-01 2024-04-30 13348867 2022-05-01 2023-04-30 13348867 2024-04-30 13348867 2023-04-30 13348867 2022-05-01 13348867 c:Director2 2023-05-01 2024-04-30 13348867 d:CurrentFinancialInstruments 2024-04-30 13348867 d:CurrentFinancialInstruments 2023-04-30 13348867 d:Non-currentFinancialInstruments 2024-04-30 13348867 d:Non-currentFinancialInstruments 2023-04-30 13348867 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 13348867 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 13348867 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 13348867 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 13348867 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 13348867 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 13348867 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 13348867 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 13348867 d:ShareCapital 2023-05-01 2024-04-30 13348867 d:ShareCapital 2024-04-30 13348867 d:ShareCapital 2022-05-01 2023-04-30 13348867 d:ShareCapital 2023-04-30 13348867 d:ShareCapital 2022-05-01 13348867 d:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 13348867 d:RetainedEarningsAccumulatedLosses 2024-04-30 13348867 d:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 13348867 d:RetainedEarningsAccumulatedLosses 2023-04-30 13348867 d:RetainedEarningsAccumulatedLosses 2022-05-01 13348867 c:FRS102 2023-05-01 2024-04-30 13348867 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 13348867 c:FullAccounts 2023-05-01 2024-04-30 13348867 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13348867 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 13348867









LINEA CUTTY SARK LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
LINEA CUTTY SARK LTD
REGISTERED NUMBER: 13348867

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
1,435,200
1,694,000

Debtors: amounts falling due within one year
 4 
127,632
424,987

Cash at bank and in hand
 5 
36,972
-

  
1,599,804
2,118,987

Creditors: amounts falling due within one year
 6 
(576,740)
(1,128,086)

Net current assets
  
 
 
1,023,064
 
 
990,901

Total assets less current liabilities
  
1,023,064
990,901

Creditors: amounts falling due after more than one year
 7 
(1,483,080)
(1,483,080)

  

Net liabilities
  
(460,016)
(492,179)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(460,018)
(492,181)

  
(460,016)
(492,179)


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 CUTTY SARK LTD
REGISTERED NUMBER: 13348867
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

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

Date: 23 January 2025

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 

 
LINEA CUTTY SARK LTD


 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024



Called up share capital
Profit and loss account
Total equity


£
£
£



At 1 May 2022
2
(317,059)
(317,057)



Comprehensive income for the year


Loss for the year
-
(175,122)
(175,122)

Total comprehensive income for the year
-
(175,122)
(175,122)





At 1 May 2023
2
(492,181)
(492,179)



Comprehensive income for the year


Profit for the year
-
32,163
32,163

Total comprehensive income for the year
-
32,163
32,163



At 30 April 2024
2
(460,018)
(460,016)



The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
LINEA CUTTY SARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Linea Cutty Sark Ltd is a private company limited by shares incorporated in England and Wales. The registered office as per below:
Registered Office : The Courtyard, 14a Sydenham Road, Croydon, London, CR20 2EE.
Registered Number : 13348867

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 4

 
LINEA CUTTY SARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
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

Borrowing costs

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

 
2.5

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.

 
2.6

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

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.

 
2.8

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 (2023 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).


4.


Debtors

2024
2023
Page 5

 
LINEA CUTTY SARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.Debtors (continued)

£
£


Trade debtors
1,378
-

Amounts owed by group undertakings
126,124
6,785

Other debtors
128
418,200

Called up share capital not paid
2
2

127,632
424,987



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
36,972
-

36,972
-



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
575,240
576,586

Amounts owed to group undertakings
-
550,000

Accruals and deferred income
1,500
1,500

576,740
1,128,086



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,483,080
1,483,080

1,483,080
1,483,080


Page 6

 
LINEA CUTTY SARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 1-2 years

Bank loans
63,360
63,360


63,360
63,360

Amounts falling due 2-5 years

Bank loans
1,419,720
1,419,720


1,419,720
1,419,720


1,483,080
1,483,080



9.


Related party transactions

Included in amounts owed to group undertakings is an amount of £126,124 (2023 : £6,785) due by Linea Homes Ltd.


10.


Controlling party

Linea Cutty sark Ltd is jointly hold by GS and CO Ltd and Stark Investment Ltd.

 
Page 7