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REGISTERED NUMBER: 02014464 (England and Wales)















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: G R Bolwell





REGISTERED OFFICE: 4 Raleigh Road
Budleigh Salterton
Devon
EX9 6HP





REGISTERED NUMBER: 02014464 (England and Wales)





ACCOUNTANTS: Bolton & Co
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 12,776 14,970
Investments 5 1,160,885 1,185,950
Investment property 6 2,875,000 3,050,000
4,048,661 4,250,920

CURRENT ASSETS
Debtors 7 270,685 276,318
Cash at bank 82,111 79,322
352,796 355,640
CREDITORS
Amounts falling due within one year 8 40,109 31,021
NET CURRENT ASSETS 312,687 324,619
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,361,348

4,575,539

CREDITORS
Amounts falling due after more than one year 9 (2,503,662 ) (2,503,662 )

PROVISIONS FOR LIABILITIES (514,924 ) (564,941 )
NET ASSETS 1,342,762 1,506,936

CAPITAL AND RESERVES
Called up share capital 75 75
Capital redemption reserve 25 25
Retained earnings 1,342,662 1,506,836
1,342,762 1,506,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2025 and were signed by:





G R Bolwell - Director


LINEMODEL LIMITED (REGISTERED NUMBER: 02014464)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Linemodel Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipmt - 33% on reducing balance

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 2 (2023 - 3 ) .

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 49,133 34,741 4,368 88,242
Additions 956 - - 956
At 31 December 2024 50,089 34,741 4,368 89,198
DEPRECIATION
At 1 January 2024 41,144 28,558 3,570 73,272
Charge for year 1,342 1,545 263 3,150
At 31 December 2024 42,486 30,103 3,833 76,422
NET BOOK VALUE
At 31 December 2024 7,603 4,638 535 12,776
At 31 December 2023 7,989 6,183 798 14,970

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 January 2024 1,185,950
Revaluations (25,065 )
At 31 December 2024 1,160,885
NET BOOK VALUE
At 31 December 2024 1,160,885
At 31 December 2023 1,185,950

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 3,050,000
Revaluations (175,000 )
At 31 December 2024 2,875,000
NET BOOK VALUE
At 31 December 2024 2,875,000
At 31 December 2023 3,050,000

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 270,685 276,318

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Taxation and social security 1,852 (3,402 )
Other creditors 38,257 34,423
40,109 31,021

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/24 31/12/23
£    £   
Bank loans 2,503,662 2,503,662

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 2,503,662 2,503,662

10. SECURED DEBTS

The following secured debts are included within creditors:

31/12/24 31/12/23
£    £   
Bank loans 2,503,662 2,503,662

The bank loans are secured on the investment properties.