REGISTERED NUMBER: 09689475 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

DOUBLE LINE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr M Weber

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

09689475 (England and Wales)

ACCOUNTANTS:

JLA Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Tangible assets

4

31,871

57,683

Investments

5

3

3

31,874

57,686

CURRENT ASSETS

Debtors

6

974,624

1,352,136

Cash at bank

2,877

248

977,501

1,352,384

CREDITORS

Amounts falling due within one year

7

739,205

1,068,925

NET CURRENT ASSETS

238,296

283,459

TOTAL ASSETS LESS CURRENT LIABILITIES

270,170

341,145

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

270,169

341,144

SHAREHOLDERS' FUNDS

270,170

341,145

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 31 December 2025 and were signed by:

Mr M Weber - Director

1.	STATUTORY INFORMATION

Double Line 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.

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

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.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2024

62,643

12,842

75,485

Reclassification/transfer

(6,138

)

(12,842

)

(18,980

)

At 31 March 2025

56,505

-

56,505

DEPRECIATION

At 1 April 2024

15,127

2,675

17,802

Charge for year

10,624

-

10,624

Reclassification/transfer

(1,117

)

(2,675

)

(3,792

)

At 31 March 2025

24,634

-

24,634

NET BOOK VALUE

At 31 March 2025

31,871

-

31,871

At 31 March 2024

47,516

10,167

57,683

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

3

Additions

1

Disposals

(1

)

At 31 March 2025

3

NET BOOK VALUE

At 31 March 2025

3

At 31 March 2024

3

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by group undertakings

872,005

1,255,699

VAT

6,619

437

Prepayments and accrued income

96,000

96,000

974,624

1,352,136

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed to group undertakings

33,575

-

Social security and other taxes

-

2

Other creditors

305,302

300,000

Directors' current accounts

334,517

717,541

Accruals and deferred income

65,811

51,382

739,205

1,068,925

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1

Ordinary

£1

1

1

9.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed an amount of £334,517 (2024: £717,541) to the director, Mr M Weber. Interest is charged on the loan amount and the loan is repayable on demand.

At the balance sheet date, the company owed an amount of £33,576 (2024: £985,925 debit) to DL3 Ltd and was owed an amount of £814,274 (2024: £269,774) by DL4 Ltd and £57,731 (2024: £Nil) by DL8 Ltd.

The companies related parties by virtue of the fact that they are under common control..

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director Mr M Weber by virtue of his shareholding.