Linette Developments Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: NI016734

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		7,456		8,618
Investment Properties	5		1,745,859		2,387,518

			1,753,315		2,396,136
CURRENT ASSETS
Debtors	6	1,460,035		507,910
Cash at bank and in hand		254,284		586,434

		1,714,319		1,094,344
Creditors: Amounts Falling Due Within One Year	7	(129,508 )		(91,504 )

NET CURRENT ASSETS (LIABILITIES)			1,584,811		1,002,840

TOTAL ASSETS LESS CURRENT LIABILITIES			3,338,126		3,398,976

NET ASSETS			3,338,126		3,398,976

CAPITAL AND RESERVES
Called up share capital			300		300
Revaluation reserve			1,419,069		1,419,069
Profit and Loss Account			1,918,757		1,979,607

SHAREHOLDERS' FUNDS			3,338,126		3,398,976

Page 1

Page 2

Linette Developments Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 4 February 2026 and were signed on its behalf by:

Richard McLoughlin

Director

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Linette Developments Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI016734 . The registered office is 11 Bloomfield Avenue, Belfast, BT5 5AA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

2.3. Tangible Fixed Assets and Depreciation

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

Plant & Machinery	10% Straight line
Fixtures & Fittings	20% Straight line

2.4. Investment Properties

Investment property is included at market fair value. Gains are recognised in the income statement.

2.5. Financial Instruments

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.

2.6. Presentation currency

The accounts are presented in £ sterling.

3. Average Number of Employees

Average number of employees during the year was: NIL (2024: NIL)

4. Tangible Assets

	Plant & Machinery etc.
	£
Cost or Valuation
As at 1 November 2024	268,554

As at 31 October 2025	268,554

Depreciation
As at 1 November 2024	259,936
Provided during the period	1,162

As at 31 October 2025	261,098

...CONTINUED

Page 3

Page 4

Linette Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

Net Book Value
As at 31 October 2025	7,456

As at 1 November 2024	8,618

5. Investment Property

	2025
	£
Fair Value
As at 1 November 2024	2,387,518
Additions	158,341
Disposals	(800,000 )

As at 31 October 2025	1,745,859

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	10
Prepayments and accrued income	8,906	7,681
Other debtors	1,451,129	500,219

	1,460,035	507,910

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	-	2,321
Accruals and deferred income	2,848	2,534
Director's loan account	125,461	85,450
Amounts owed to group undertakings	1,199	1,199

	129,508	91,504

8. Related Party Transactions

At the end of the financial year a balance of £800,000 was owed to Linette Developments Limited from Bloomfield Developments Belfast Limited (2024 £0).