IRIS Accounts Production v25.1.3.33 SC350051 Board of Directors Board of Directors 1.10.23 30.9.24 30.9.24 0 0 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3500512023-09-30SC3500512024-09-30SC3500512023-10-012024-09-30SC3500512022-09-30SC3500512022-10-012023-09-30SC3500512023-09-30SC350051ns14:PoundSterling2023-10-012024-09-30SC350051ns10:Director12023-10-012024-09-30SC350051ns10:Director22023-10-012024-09-30SC350051ns10:PrivateLimitedCompanyLtd2023-10-012024-09-30SC350051ns10:SmallEntities2023-10-012024-09-30SC350051ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-30SC350051ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-30SC350051ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-30SC350051ns10:FullAccounts2023-10-012024-09-30SC350051ns5:CurrentFinancialInstruments2024-09-30SC350051ns5:CurrentFinancialInstruments2023-09-30SC350051ns5:ShareCapital2024-09-30SC350051ns5:ShareCapital2023-09-30SC350051ns5:SharePremium2024-09-30SC350051ns5:SharePremium2023-09-30SC350051ns5:RetainedEarningsAccumulatedLosses2024-09-30SC350051ns5:RetainedEarningsAccumulatedLosses2023-09-30SC350051ns5:CostValuation2023-09-30SC350051ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-30SC350051ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30
REGISTERED NUMBER: SC350051















THE LINELL GROUP LTD.

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024






THE LINELL GROUP LTD. (REGISTERED NUMBER: SC350051)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


THE LINELL GROUP LTD. (REGISTERED NUMBER: SC350051)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investments 4 11,960,848 11,960,848
11,960,848 11,960,848

CURRENT ASSETS
Debtors 5 854,915 1,027,788

CREDITORS
Amounts falling due within one year 6 5,999 40,650
NET CURRENT ASSETS 848,916 987,138
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,809,764

12,947,986

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Share premium 9,695,026 9,695,026
Retained earnings 3,014,738 3,152,960
SHAREHOLDERS' FUNDS 12,809,764 12,947,986

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

THE LINELL GROUP LTD. (REGISTERED NUMBER: SC350051)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:




D F Whyte - Director



M G Elliott - Director


THE LINELL GROUP LTD. (REGISTERED NUMBER: SC350051)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

The Linell Group Ltd. is a private company, limited by shares, registered in Scotland. The company's registered office is C/O Linell Group Limited, Russell Street, Johnstone, Renfrewshire, PA5 8BZ.

The presentation currency of the financial statements is Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material departures from this standard. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about The Linell Group Ltd. as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Judgements
The company considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements. The directors consider there are no such significant judgements.

Provisions
Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Investments in subsidiaries
Investments in subsidiary, represent shareholdings in unquoted subsidiary undertakings, are stated at cost less impairment.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like other accounts receivable and payable and loans to and from related parties and investments in non-puttable ordinary shares.

Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.

Investments in non-convertible preference shares and in non-puttable ordinary and preference shares are measured at fair value with changes recognised in profit and loss if the shares are publicly traded or their fair value can be measured reliably or at cost less impairment for all other investments.

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

THE LINELL GROUP LTD. (REGISTERED NUMBER: SC350051)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

With the exception of changes arising on the initial recognition of a business combination, the tax expense is presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the transaction that resulted in the tax expense.

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 October 2023
and 30 September 2024 11,960,848
NET BOOK VALUE
At 30 September 2024 11,960,848
At 30 September 2023 11,960,848

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by related parties 790,271 1,027,788
Other debtors 64,644 -
854,915 1,027,788

THE LINELL GROUP LTD. (REGISTERED NUMBER: SC350051)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 5,999 40,650

7. SECURED DEBTS

The Royal Bank of Scotland plc holds a floating charge over all the property, undertakings, assets and rights owned now or in the future of the company.

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.