Registered number: 09542392
LINEA HOMES LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 APRIL 2024
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LINEA HOMES LTD
REGISTERED NUMBER: 09542392
BALANCE SHEET
AS AT 26 APRIL 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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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:
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Antony David Stark
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LINEA HOMES LTD
REGISTERED NUMBER: 09542392
BALANCE SHEET (CONTINUED)
AS AT 26 APRIL 2024
The notes on pages 4 to 9 form part of these financial statements.
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STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 26 APRIL 2024
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Comprehensive income for the year
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Total comprehensive income for the year
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Total comprehensive income for the year
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The notes on pages 4 to 9 form part of these financial statements.
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LINEA HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 APRIL 2024
Linea Homes 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: 09542392
Registered office: The Courtyard, 14a Sydenham Road, Croydon, England, CR0 2EE.
2.Accounting policies
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Basis of preparation of financial statements
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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:
Interest income is recognised in profit or loss using the effective interest method.
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.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
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.
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Cash and cash equivalents
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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.
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.
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LINEA HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 APRIL 2024
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The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).
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The average monthly number of employees, including directors, during the year was 0 (2023 - 0).
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Amounts owed by group undertakings
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Prepayments and accrued income
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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LINEA HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 APRIL 2024
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Creditors: Amounts falling due after more than one year
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Analysis of the maturity of loans is given below:
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Amounts falling due within one year
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Amounts falling due 2-5 years
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LINEA HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 APRIL 2024
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Related party transactions
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LINEA HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 APRIL 2024
9.Related party transactions (continued)
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Included in other debtors is an amount of £1,347,328 (2023: £911,598) due from Adenbuild Construction Ltd.
Included in other debtors is an amount of £232,223 (2023: £126,288) due from N3 Living Ltd.
Included in other debtors is an amount of £149,250 (2023: £154,906) due from Newlands NW4 Ltd.
Included in other debtors is an amount of £109,282 (2023: £109,815) due from Linea NW4 Ltd.
Included in other debtors is an amount of £317,897 (2023: £345,029) due from Linea NW3 Ltd.
Included in other debtors is an amount of £72,171 (2023: £135,468) due from Linea EN6 Ltd.
Included in other debtors is an amount of £276,150 (2023: £409,979) due from Linea UB7 Ltd.
Included in other debtors is an amount of £300,312 (2023: £248,653) due from Linea Wheathampstead Ltd.
Included in other debtors is an amount of £164,157 (2023: £84,014) due from Linea Croydon Ltd.
Included in other debtors is an amount of £6,120 due from Linea Linea PropertyLtd.
Included in other debtors is an amount of £6,885 (2023: £421,323) due from Linea N2 Ltd.
Included in other creditors is an amount of £66 (2023: £40,748) due from Essien Properties Ltd.
Included in other creditors is an amount of £9,8613 due from Linea EN2 Ltd.
Included in other creditors is an amount of £18,998 (2023: £19,898) due to Linea SE10 Ltd.
Included in other creditors is an amount of £220,994 due to Linea Wheathampstead 2 Ltd.
Included in other creditors is an amount of £ 126,124 due to Linea Cutty Sark Ltd.
Included in other creditors is an amount of £230,348 due to Linea E6 Ltd.
Included in other creditors is an amount of £46,330 due to Linea StratfordLtd.
A Stark and G Sherman have a material interest in the above companies. There are no terms as to repayment in respect of these balances.
Included in other creditors is an amount of £879,334 (2023: £1,029,188) due to Stark Investments Ltd. A Stark has a material interest in this company. There are no terms as to repayment in respect of this balance.
Included in other creditors is an amount of £919,990 (2023: £988,551) due to GS and Co Ltd. G Sherman has a material interest in this company. There are no terms as to repayment in respect of this balance.
Included in other creditors is an amount of £595,065 (2023: £773,091) due to A Stark, a director and shareholder of the company. There are no terms as to repayment in respect of this balance.
Included in other creditors is an amount of £560,250 (2023: £75,593) due to Gavin, a director and shareholder of the company. There are no terms as to repayment in respect of this balance.
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LINEA HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 APRIL 2024
9.Related party transactions (continued)
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