| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2024 |
| for |
| LINEMODEL LIMITED |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2024 |
| for |
| LINEMODEL LIMITED |
| LINEMODEL LIMITED (REGISTERED NUMBER: 02014464) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| LINEMODEL LIMITED |
| Company Information |
| for the Year Ended 31 December 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Fetcham Park House |
| Fetcham Park |
| Lower Road |
| Fetcham |
| Surrey |
| KT22 9HD |
| LINEMODEL LIMITED (REGISTERED NUMBER: 02014464) |
| Balance Sheet |
| 31 December 2024 |
| 31/12/24 | 31/12/23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 9 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Capital redemption reserve |
| Retained earnings |
| The director acknowledges his 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. |
| LINEMODEL LIMITED (REGISTERED NUMBER: 02014464) |
| Balance Sheet - continued |
| 31 December 2024 |
| The financial statements were approved by the director and authorised for issue on |
| LINEMODEL LIMITED (REGISTERED NUMBER: 02014464) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2024 |
| 1. | STATUTORY INFORMATION |
| Linemodel Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The financial statements contain information about Linemodel Limited 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. |
| Turnover |
| Turnover represents rent collected from properties owned and any profit on the sale of property and management fees. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipmt | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at balance sheet values being the most reliable measure of fair value |
| Investment property |
| Investment property is shown at a valuation made by the Director. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Reserves |
| The fair value reserve has been moved to the profit and loss reserve. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| LINEMODEL LIMITED (REGISTERED NUMBER: 02014464) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipmt | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 January 2024 |
| Additions |
| At 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for year |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST OR VALUATION |
| At 1 January 2024 |
| Revaluations | ( |
) |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| LINEMODEL LIMITED (REGISTERED NUMBER: 02014464) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 5. | FIXED ASSET INVESTMENTS - continued |
| Cost or valuation at 31 December 2024 is represented by: |
| Shares in |
| group |
| undertakings |
| £ |
| Valuation in 2018 | 512,900 |
| Valuation in 2019 | 98,000 |
| Valuation in 2020 | (128,000 | ) |
| Valuation in 2021 | 8,000 |
| Valuation in 2022 | 96,090 |
| Valuation in 2023 | (71,515 | ) |
| Valuation in 2024 | (25,065 | ) |
| Cost | 670,475 |
| 1,160,885 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 January 2024 |
| Revaluations | (175,000 | ) |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| Fair value at 31 December 2024 is represented by: |
| £ |
| Valuation in 2014 | 1,044,059 |
| Valuation in 2015 | 290,000 |
| Valuation in 2016 | 275,000 |
| Valuation in 2017 | 25,000 |
| Valuation in 2018 | 576,750 |
| Valuation in 2019 | 601,751 |
| Valuation in 2020 | (50,000 | ) |
| Valuation in 2021 | (12,560 | ) |
| Valuation in 2022 | 300,000 |
| Valuation in 2024 | (175,000 | ) |
| 2,875,000 |
| LINEMODEL LIMITED (REGISTERED NUMBER: 02014464) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/12/24 | 31/12/23 |
| £ | £ |
| Amounts owed by group undertakings |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/12/24 | 31/12/23 |
| £ | £ |
| Taxation and social security | ( |
) |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31/12/24 | 31/12/23 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31/12/24 | 31/12/23 |
| £ | £ |
| Bank loans |
| The bank loans are secured on the investment properties. |