Company Registration No. 14470995 (England and Wales)
Linden Hill - Capital Assets - SPW Limited
Unaudited accounts
for the year ended 31 December 2024
Linden Hill - Capital Assets - SPW Limited
Unaudited accounts
Contents
Linden Hill - Capital Assets - SPW Limited
Company Information
for the year ended 31 December 2024
Directors
H Al-Mishwit
B Kotecha
A Sheikh
Company Number
14470995 (England and Wales)
Registered Office
55 GROSVENOR STREET
MAYFAIR
LONDON
W1K 3HY
ENGLAND
Linden Hill - Capital Assets - SPW Limited
Statement of financial position
as at 31 December 2024
Inventories
11,963,089
11,409,730
Cash at bank and in hand
465,520
409,310
Creditors: amounts falling due within one year
(557,623)
(477,555)
Net current assets
12,497,671
12,801,462
Total assets less current liabilities
12,497,671
12,801,462
Creditors: amounts falling due after more than one year
(13,000,000)
(13,000,000)
Net liabilities
(502,329)
(198,538)
Called up share capital
100
100
Profit and loss account
(502,429)
(198,638)
Shareholders' funds
(502,329)
(198,538)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by
H Al-Mishwit
Director
Company Registration No. 14470995
Linden Hill - Capital Assets - SPW Limited
Notes to the Accounts
for the year ended 31 December 2024
Linden Hill - Capital Assets - SPW Limited is a private company, limited by shares, registered in England and Wales, registration number 14470995. The registered office is 55 GROSVENOR STREET, MAYFAIR, LONDON, W1K 3HY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The financial statements have been prepared on a going concern basis, as the directors have confirmed that funds will continue to be made available for the company to meet its day to day commitments for the foreseeable future. The financial statements do not include any adjustments that may result from the withdrawal of this support and the directors are of the opinion that the going concern basis is therefore appropriate to the preparation of these financial statements.
Work in progress
11,963,089
11,409,730
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufaturing/completion.
Linden Hill - Capital Assets - SPW Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
126,585
936,585
Amounts falling due after more than one year
Other debtors
500,000
500,000
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
52,500
15,504
Other creditors
13,115
13,115
Deferred income
232,710
232,710
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
7,000,000
7,000,000
Other creditors
6,000,000
6,000,000
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
As at the balance sheet date, the company owed £6,000,000 to Linden Hill Capital - Private Ventures - SPW Limited a company registered in Jersey and £6,000,000 to the shareholder of Linden Hill Capital - Private Ventures - SPW Limited.
The ultimate parent company is Linden Hill Capital - Private Ventures - SPW Limited. The registered office address is 13 Castle Street, St. Helier, Jersey, JE3 3BT
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).