FRS102 1A Filleted


Company registration number:						09144091
SUBLINO LIMITED

Balance sheet
as at 31 March 2025

		2025		2024
	Note	£	£	£	£
Fixed assets
Intangible assets	4	-		-
Tangible assets	5	4,083		4,804
			4,083		4,804
Current assets
Stocks		76,731		74,029
Debtors		14,354		54,392
Cash at bank and in hand		20,993		57,063
			112,078		185,484
Creditors: amounts falling due within one year			(1,179,482)		(953,238)
Net current liabilities			(1,067,404)		(767,754)
Total assets less current liabilities			(1,063,321)		(762,950)
NET LIABILITIES			(1,063,321)		(762,950)

Capital and reserves
Called up share capital			850,000		850,000
Profit and loss account			(1,913,321)		(1,612,950)
TOTAL EQUITY			(1,063,321)		(762,950)


The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.

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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.

1


SUBLINO LIMITED

Notes to the financial statements
for the year ended 31 March 2025


1	Company information

	SUBLINO LIMITED is a private company registered in England and Wales. Its registered number is 09144091. The company is limited by shares. Its registered office is C/O Pomegranate, 3 Hardman Square, Manchester, M3 3EB.

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 historic cost convention.

	Going concern
	In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.

	The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.

	Intangible assets
	Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

	Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.

	Patents & licences	-	20% straight line

	Tangible fixed assets
	Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

	Plant and machinery etc.:
	Plant and machinery	-	15% reducing balance
	Computer equipment	-	33% straight line

3


	SUBLINO LIMITED

	Notes to the financial statements - continued
	for the year ended 31 March 2025

	2	Accounting policies - continued

		Stocks
		Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

		Financial instruments
		The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

		Taxation
		Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

		Current taxation assets and liabilities are not discounted.

		Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

	4


SUBLINO LIMITED

Notes to the financial statements - continued
for the year ended 31 March 2025

2	Accounting policies - continued

	Research and development
	Expenditure on research and development is written off in the year in which it is incurred.

	Foreign currencies
	Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

	Retirement benefits
	The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.

3	Average number of employees

	During the year the average number of employees was 2 (2024 - 2).

4	Intangible assets

		Other intangible assets
		£
	Cost
	At 1 April 2024	118,604
	At 31 March 2025	118,604

	Amortisation
	At 1 April 2024	118,604
	At 31 March 2025	118,604

	Net book value
	At 31 March 2025	-

	At 31 March 2024	-


5


Company registration number:		09144091
SUBLINO LIMITED

Balance sheet - continued
as at 31 March 2025

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 to the Registrar.

These financial statements were approved by the Board of directors and authorised for issue on 16 December 2025 and signed on its behalf by:

Mr P Roberts, Director	Mr P Estienne, Director
16 December 2025	16 December 2025

2


	Company registration number:	09144091

	Unaudited financial statements
	for the year ended 31 March 2025
	for
	SUBLINO LIMITED


	Pages for filing with the Registrar